Mexco Energy Corporation reported a net income of $1,305,722, or $0.64 per diluted share, for the fiscal year ended March 31, 2026. This represents a 24% decrease compared to the previous fiscal year. Operating revenues for fiscal 2026 were $6,561,324, an 8% decrease from fiscal 2025. The decline in revenue is attributed to lower average realized oil prices and reduced oil production volumes, partially offset by higher natural gas prices, increased natural gas production, and income from an LLC investment. The company participated in the development of 57 horizontal wells and one vertical well during fiscal 2026, costing approximately $1.25 million, with 20 wells expected to be completed in the current fiscal year. An additional $150,000 was spent to complete 17 horizontal wells drilled in fiscal 2025. Other operators drilled 177 gross wells (0.07 net wells) on Mexco's royalty interests. Approximately 49% of fiscal 2026 operating revenues came from royalties, incurring no operating costs for Mexco. For fiscal 2027, the company plans to participate in drilling and completing 33 horizontal wells and completing 20 drilled in fiscal 2026, with an estimated cost of $1.8 million, of which $500,000 has been spent. The estimated present value of proved reserves as of March 31, 2026, was approximately $21 million. Proved oil reserves decreased 2% to 659 thousand barrels, while natural gas reserves increased 7% to 4.67 billion cubic feet. Oil constituted approximately 46% of total proved reserves and 81% of oil and gas sales in fiscal 2026. The company acquired royalty and mineral interests in 262 gross wells for approximately $800,000, funded by cash on hand.