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.

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TypePublic
HQMidland, US
Founded1972
Size (employees)3 (est)
Websitemexcoenergy.com
Mexco Energy was founded in 1972 and is headquartered in Midland, US
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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)
214 W Texas Ave Ste 1101
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Mexco Energy Financials and Metrics

Mexco Energy Revenue

Mexco Energy's revenue was reported to be $2.71 m in FY, 2018
USD

Revenue (Q2, 2019)

714.5k

Net income (Q2, 2019)

22.0k

EBIT (Q2, 2019)

28.4k

Market capitalization (14-Dec-2018)

6.7m

Closing stock price (14-Dec-2018)

3.3

Cash (30-Sep-2018)

348.9k

EV

6.8m
Mexco Energy's current market capitalization is $6.7 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

(16%)(29%)4%

General and administrative expense

1.2m976.4k955.1k

Operating expense total

6.9m3.1m2.9m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

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

General and administrative expense

350.3k292.0k301.2k413.7k244.9k272.9k344.2k236.4k200.0k306.7k232.9k225.5k249.0k226.2k

Operating expense total

350.3k292.0k301.2k413.7k1.8m3.1m922.4k769.2k717.5k936.0k781.5k730.8k727.7k686.1k

Depreciation and amortization

308.4k311.3k596.8k216.1k
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

156.1k96.1k34.0k73.5k492.6k

Accounts Receivable

Inventories

Current Assets

831.1k589.8k355.3k504.9k1.4m
Quarterly
USDQ1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

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

Accounts Receivable

63.0k

Current Assets

823.0k873.7k664.1k496.3k335.9k564.1k425.2k414.3k520.0k424.5k746.5k1.1m905.8k

PP&E

17.1m17.4m21.1m19.9m16.9m15.7m15.5m12.5m11.6m11.5m9.4m8.8m9.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

1.2m1.4m1.6m1.2m880.4k

Inventories

Accounts Payable

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

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)14.4k36.5k

Depreciation and Amortization

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

Cash From Operating Activities

425.2k708.3k908.5k280.4k315.4k365.2k(24.2k)140.3k97.0k211.8k326.4k153.1k154.5k498.5k

Cash From Investing Activities

(303.7k)(884.4k)(4.3m)(419.9k)(651.7k)(325.8k)87.5k(87.7k)2.4m260.4k88.0k1.8m(12.0k)(410.5k)
USDY, 2018

EV/EBIT

240.6 x

EV/CFO

13.7 x

Debt/Equity

0.1 x

Financial Leverage

1.2 x
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Mexco Energy News and Updates

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.
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Mexco Energy Company Life and Culture

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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 3 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 $901.7 k.

  • Who are Mexco Energy competitors?

    Competitors of Mexco Energy include Medserv, Quintana Energy Services and Francaise de l’Energie.

  • Where is Mexco Energy headquarters?

    Mexco Energy headquarters is located at 214 W Texas Ave Ste 1101, 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.