Mexco Energy Corporation (MXC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
415 WEST WALL STREET MIDLAND, TX 79701 |
| State of Incorp. | CO |
| Fiscal Year End | March 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 | 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,579 | 2,236 | 1,371 | 58 | 34 | 128 | |||
| Cash and cash equivalents | 3,579 | 2,236 | 1,371 | 58 | 34 | 128 | |||
| Receivables | 920 | 1,374 | 1,310 | 652 | 285 | 380 | |||
| Prepaid expense | 20 | 57 | 53 | 48 | 50 | 54 | |||
| Other undisclosed current assets | 33 | 68 | |||||||
| Total current assets: | 4,552 | 3,734 | 2,734 | 757 | 369 | 562 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 34 | 76 | 130 | 21 | 76 | ✕ | |||
| Property, plant and equipment | 13,192 | 13,298 | 10,133 | 9,769 | 9,473 | 8,765 | |||
| Long-term investments and receivables | 275 | 200 | 150 | ||||||
| Long-term investments | 275 | 200 | 150 | ||||||
| Other noncurrent assets | 10 | 12 | 13 | 83 | 2 | 122 | |||
| Other undisclosed noncurrent assets | 900 | 700 | |||||||
| Total noncurrent assets: | 14,135 | 14,086 | 10,551 | 10,073 | 9,701 | 8,888 | |||
| TOTAL ASSETS: | 18,687 | 17,820 | 13,285 | 10,831 | 10,071 | 9,450 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 221 | 202 | 209 | 117 | 117 | 166 | |||
| Accrued liabilities | |||||||||
| Other undisclosed accounts payable and accrued liabilities | 221 | 202 | 209 | 117 | 117 | 166 | |||
| Asset retirement obligation | 20 | 20 | 15 | 15 | 8 | ||||
| Other undisclosed current liabilities | 14 | 36 | 39 | 7 | 58 | ||||
| Total current liabilities: | 255 | 258 | 264 | 139 | 182 | 166 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 76 | 11 | |||||||
| Liabilities, other than long-term debt | 692 | 730 | 721 | 714 | 755 | 854 | |||
| Asset retirement obligations | 692 | 710 | 721 | 714 | 755 | 854 | |||
| Operating lease, liability | 19 | 76 | 11 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 320 | 1,155 | 757 | ||||||
| Total noncurrent liabilities: | 1,012 | 730 | 796 | 1,869 | 1,524 | 854 | |||
| Total liabilities: | 1,267 | 988 | 1,060 | 2,007 | 1,706 | 1,020 | |||
| Equity | |||||||||
| Equity, attributable to parent | 17,420 | 16,832 | 12,225 | 8,823 | 8,364 | 8,430 | |||
| Common stock | 1,111 | 1,111 | 1,108 | 1,072 | 1,054 | 1,054 | |||
| Treasury stock, value | (1,046) | (590) | (346) | (346) | (346) | (346) | |||
| Additional paid in capital | 8,497 | 8,321 | 8,134 | 7,624 | 7,339 | 7,305 | |||
| Retained earnings | 8,858 | 7,991 | 3,328 | 473 | 317 | 417 | |||
| Total equity: | 17,420 | 16,832 | 12,225 | 8,823 | 8,364 | 8,430 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,687 | 17,820 | 13,285 | 10,831 | 10,071 | 9,450 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,956 | 9,557 | 6,588 | 2,799 | 2,739 | 2,687 | ||
| Cost of revenue | (1,739) | |||||||
| Gross profit: | 9,956 | 9,557 | 6,588 | 2,799 | 2,739 | 948 | ||
| Operating expenses | (5,608) | (4,725) | (3,707) | (2,640) | (2,802) | (940) | ||
| Operating income (loss): | 4,348 | 4,832 | 2,881 | 159 | (64) | 8 | ||
| Nonoperating income (expense) | 102 | (5) | (26) | (3) | (36) | (21) | ||
| Investment income, nonoperating | 95 | 8 | 0 | (19) | ||||
| Interest and debt expense | 7 | (13) | (27) | (53) | (14) | (22) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 22 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 4,457 | 4,814 | 2,829 | 103 | (114) | (13) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (7) | 13 | 27 | 53 | 14 | |||
| Income (loss) from continuing operations before income taxes: | 4,450 | 4,827 | 2,855 | 156 | (99) | (13) | ||
| Income tax expense | (399) | (165) | ||||||
| Other undisclosed loss from continuing operations | (165) | |||||||
| Income (loss) from continuing operations: | 3,886 | 4,663 | 2,855 | 156 | (99) | (13) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,855 | 156 | (99) | (13) | |
| Net income (loss) available to common stockholders, basic: | 3,886 | 4,663 | 2,855 | 156 | (99) | (13) | ||
| Dilutive securities, effect on basic earnings per share | 147 | 53 | 11 | |||||
| Other undisclosed net loss available to common stockholders, diluted | (50) | |||||||
| Net income (loss) available to common stockholders, diluted: | 3,983 | 4,663 | 2,908 | 167 | (99) | (13) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 3,886 | 4,663 | 2,855 | 156 | (99) | (13) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 3,886 | 4,663 | 2,855 | 156 | (99) | (13) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.