Filing Flows › Mexco Energy (MXC) › Q3 FY26
Mexco Energy (MXC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 10, 2026
Mexco Energy (MXC) reported revenue of $1.4M for the third quarter fiscal 2026 (Q3 FY26), -27% from a year earlier and -20% from the quarter before. Operating margin was 6.6%, net earnings $50K (3.6% of revenue).
Mexco Energy, Q3 FY26: revenue $1.4M (-27% year over year), operating margin 6.6%, net earnings $50K, operating cash flow $863K. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -20% | -27% |
| Operating profit | $91K | -75% | -80% |
| Net earnings | $50K | -84% | -89% |
| Operating cash flow | $863K | +23% | -8% |
What changed
Revenue was $1.4M in Q3 FY26, down 27% year over year and down 20% from the previous quarter. Oil Sales was the largest line at 79% of revenue. Oil Sales lost $465K year over year (down 30%), 92% of the total change.
Operating profit was $91K, a 6.6% margin (down 17.0 points year over year). Total costs fell 11% while revenue fell 27%. Net earnings were $50K, down 89% year over year. The effective tax rate was 56.1%. Non-operating items added $23K, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $863K (down 8% year over year), 1718% of net earnings. Non-cash charges added back $664K of depreciation and amortization and $40K of share-based compensation. Working capital and other items added $109K. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$252K.
Questions
What was Mexco Energy's revenue in the third quarter fiscal 2026?
Mexco Energy (MXC) reported revenue of $1.4M for the third quarter fiscal 2026 (Q3 FY26), -27% from a year earlier and -20% from the quarter before.
Was Mexco Energy profitable in the third quarter fiscal 2026?
Operating profit was $91K (6.6% of revenue) and net earnings $50K.
Source: Mexco Energy 10-Q on SEC EDGAR.