OverviewSuggest Edit

Mexco Energy Corporation is an independent oil and gas company engaged in acquiring and developing oil and gas properties and the exploration for and production of oil and gas. The Company conducts all of its drilling, exploration and production activities in the United States. Mexco focuses primarily on the exploration for and development primarily of natural gas reserves and secondarily oil reserves. In addition to exploration and development, the Company acquires interests in producing and non-producing oil and gas leases from landowners and leaseholders in areas considered favorable for oil and gas exploration, development and production. Mexco also engages in the business of acquiring proved reserves and continually searches for opportunities to acquire proved oil and gas properties, including royalties and mineral interests with development potential.
TypePublic
Founded1972
HQMidland, US
Websitemexcoenergy.com

Latest Updates

Employees (est.) (Mar 2019)2(-33%)
Revenue (FY, 2020)$2.7 M(+2%)
Share Price (Sept 2020)$4.1 (-2%)
Cybersecurity ratingAMore

Key People/Management at Mexco Energy

Michael J. Banschbach

Michael J. Banschbach

Director
Kenneth Clayton

Kenneth Clayton

Director
Thomas R. Craddick

Thomas R. Craddick

Director
Paul G. Hines

Paul G. Hines

Director
Christopher M. Schroeder

Christopher M. Schroeder

Director
Nicholas C. Taylor

Nicholas C. Taylor

Director
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Mexco Energy Office Locations

Mexco Energy has an office in Midland
Midland, US (HQ)
415 W Wall St #475
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Mexco Energy Financials and Metrics

Mexco Energy Revenue

Mexco Energy's revenue was reported to be $2.74 m in FY, 2020
USD

Revenue (Q1, 2021)

370.5k

Net income (Q1, 2021)

(299.7k)

EBIT (Q1, 2021)

(281.4k)

Market capitalization (22-Sept-2020)

8.4m

Closing stock price (22-Sept-2020)

4.1

Cash (30-Jun-2020)

52.5k

EV

9.3m
Mexco Energy's current market capitalization is $8.4 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

4.0m3.4m2.4m2.5m2.7m2.7m2.7m

Revenue growth, %

(16%)(29%)4%

General and administrative expense

1.2m976.4k955.1k911.9k1.0m

Operating expense total

1.2m976.4k955.1k911.9k1.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.0m1.0m799.7k702.6k728.8k544.9k670.2k580.8k590.1k667.7k619.1k654.9k749.0k714.5k644.3k699.6k625.9k769.8k370.5k

General and administrative expense

350.3k292.0k301.2k413.7k244.9k272.9k344.2k236.4k200.0k306.7k232.9k225.5k249.0k226.2k235.0k311.1k255.3k239.3k248.9k

Operating expense total

350.3k292.0k301.2k413.7k244.9k272.9k344.2k236.4k200.0k306.7k232.9k225.5k249.0k226.2k235.0k311.1k255.3k239.3k248.9k

Depreciation and amortization

450.6k376.0k308.4k297.4k273.9k311.3k285.5k247.8k216.1k205.6k196.2k210.2k209.7k228.8k224.1k
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

156.1k96.1k34.0k73.5k492.6k128.3k34.4k

Accounts Receivable

29.9k436.2k13.4k

Prepaid Expenses

43.3k47.6k53.7k50.2k

Inventories

Quarterly
USDQ1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

152.5k155.0k156.5k59.8k35.4k37.2k26.6k60.9k121.2k55.9k97.3k435.1k348.9k105.5k150.4k70.5k63.3k52.5k

Accounts Receivable

14.9k34.4k21.6k12.6k12.0k36.1k17.4k30.4k200.9k88.8k10.8k108.014.0k11.1k

Prepaid Expenses

29.5k13.9k20.1k17.0k9.6k34.7k36.5k18.8k37.7k37.2k21.3k38.3k39.2k17.4k39.2k

Current Assets

823.0k873.7k664.1k496.3k335.9k564.1k425.2k414.3k520.0k424.5k746.5k1.1m905.8k512.6k560.2k458.8k489.9k310.6k
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

301.1k(341.0k)(4.0m)(694.6k)(321.5k)(12.9k)(99.5k)

Depreciation and Amortization

1.2m1.4m1.6m1.2m880.4k802.4k853.8k

Inventories

Accounts Payable

(65.6k)(124.0k)303.8k(284.2k)(44.8k)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

19.1k105.3k(70.0k)(324.4k)(1.1m)(3.5m)(293.5k)(531.4k)(691.1k)(295.6k)(484.7k)(585.9k)14.4k36.5k23.4k(54.2k)(137.0k)(101.8k)(299.7k)

Depreciation and Amortization

300.8k623.5k976.7k418.0k868.6k1.2m308.4k605.8k879.6k311.3k596.8k844.6k216.1k421.7k617.9k210.2k420.0k648.7k224.1k

Accounts Payable

80.3k27.9k227.2k119.0k(103.5k)146.7k127.7k77.0k(299.1k)(323.4k)(347.9k)(10.1k)(14.0k)(54.4k)40.2k

Cash From Operating Activities

425.2k708.3k908.5k280.4k315.4k365.2k(24.2k)140.3k97.0k211.8k326.4k153.1k154.5k498.5k820.5k186.0k342.9k543.6k66.5k
Show all financial metrics

Mexco Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Mexco Energy Online and Social Media Presence

Embed Graph

Mexco Energy News and Updates

Mexco Energy Corporation Reports Third Quarter and Oil and Gas Drilling Results

MIDLAND, TEXAS, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported a net loss of $13,076 for the quarter ending December 31, 2018, compared to a net loss of $101,228 for the quarter ending December 31, 2017. Operating revenues in the third quarter of fi…

Mexco Energy Corporation Reports Results for Second Quarter and Property Development

MIDLAND, TEXAS, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $28,407 for the quarter ending September 30, 2018, the Company’s second quarter of fiscal 2019. This compares to a net loss of $162,438 for the quarter ending September 30, …

Mexco Energy Corporation Reports Financial Results for First Quarter and Further Development of Properties

MIDLAND, TX, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) today reported net income of $14,420 for the quarter ending June 30, 2018, the Company’s first quarter of fiscal 2019. This compares to a net loss of $295,552 for the quarter ending June 30, 2017.

Mexco Energy Frequently Asked Questions

  • When was Mexco Energy founded?

    Mexco Energy was founded in 1972.

  • Who are Mexco Energy key executives?

    Mexco Energy's key executives are Michael J. Banschbach, Kenneth Clayton and Thomas R. Craddick.

  • How many employees does Mexco Energy have?

    Mexco Energy has 2 employees.

  • What is Mexco Energy revenue?

    Latest Mexco Energy annual revenue is $2.7 m.

  • What is Mexco Energy revenue per employee?

    Latest Mexco Energy revenue per employee is $1.4 m.

  • Who are Mexco Energy competitors?

    Competitors of Mexco Energy include Asian Oilfield, APS Technology and Tundra Oil & Gas.

  • Where is Mexco Energy headquarters?

    Mexco Energy headquarters is located at 415 W Wall St #475, Midland.

  • Where are Mexco Energy offices?

    Mexco Energy has an office in Midland.

  • How many offices does Mexco Energy have?

    Mexco Energy has 1 office.