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MXC (Mexco Energy) Net Income : $1.34 Mil (TTM As of Dec. 2024)


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What is Mexco Energy Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Mexco Energy's Net Income for the three months ended in Dec. 2024 was $0.47 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $1.34 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Mexco Energy's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $0.22.


Mexco Energy Net Income Historical Data

The historical data trend for Mexco Energy's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mexco Energy Net Income Chart

Mexco Energy Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 0.16 2.86 4.66 1.35

Mexco Energy Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.26 0.29 0.32 0.47

Mexco Energy Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Mexco Energy's Net Income for the fiscal year that ended in Mar. 2024 is calculated as

Net Income(A: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1.965+-0.621+0+0.00099999999999989
=1.35

Mexco Energy's Net Income for the quarter that ended in Dec. 2024 is calculated as

Net Income(Q: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0.451+0.018+0+-5.5511151231258E-17
=0.47

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.34 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mexco Energy  (AMEX:MXC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Mexco Energy's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Mexco Energy Net Income Related Terms

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Mexco Energy Business Description

Traded in Other Exchanges
N/A
Address
415 W. Wall Street, Suite 475, Midland, TX, USA, 79701
Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.
Executives
Tammy Mccomic officer: Vice President and Treasurer 4417 W. STOREY, MIDLAND TX 79703
Stacy D. Hardin officer: SECRETARY 2604 CIMMARON AVENUE, MIDLAND TX 79705
Thomas H Decker director 271 HARBOR ROAD, RYE NH 03870
Donna Gail Yanko director, officer: Vice President and Secretary
Tom Craddick director 500 WEST TEXAS, SUITE 880, MIDLAND TX 79701
Michael J Banschbach director 505 N. BIG SPRING, SUITE 504, MIDLAND TX 79701
Kenneth L. Clayton director 12,335 BROKEN BOUGH DRIVE, HOUSTON TX 77024
Nicholas C Taylor director, 10 percent owner, officer: President 1203 COUNTRY CLUB DRIVE, MIDLAND TX 79701
Christopher M Schroeder director 5627 POTOMAC AVENUE NW, WASHINGTON DC 20016
Jack D Ladd director PO BOX 1540, MIDLAND TX 79702
Cox Howard E Jr 10 percent owner 880 WINTER ST 3RD FLOOR, WALTHAM MA 02451
Thomas Jr Graham director, other: Chairman of the Board C/O LIGHTBRIDGE CORPORATION, 11710 PLAZA AMERICA DRIVE, SUITE 2000, RESTON VA 20190
Paul G Hines director 17 TRACHELLE LANE, CHARLESTON SC 29407
Jeffry A Smith director P O BOX 1374, MIDLAND TX 79702
Arden R Grover director