Mexco Energy Corporation
MXC Energy Oil & Gas E&P
In the quarter to June 2026, revenue grew 12.9%, EPS grew 100.0% and free cash flow fell 229.3%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Mexco Energy Corporation (MXC) Altman Z-score
Mexco Energy Corporation's Altman Z-score for fiscal 2026 is 8.83, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 8.83 | 1.14 |
| FY2025 | 7.69 | (2.69) |
| FY2024 | 10.39 | (6.75) |
| FY2023 | 17.13 | (3.98) |
| FY2022 | 21.12 | 15.26 |
| FY2021 | 5.86 | 3.95 |
| FY2020 | 1.90 | (4.43) |
| FY2019 | 6.34 | 4.11 |
| FY2018 | 2.22 | 0.87 |
| FY2017 | 1.35 | 1.57 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.18 | — | 0.22 | |
| Retained earnings / total assets | 0.54 | — | 0.76 | |
| EBIT / total assets | 0.06 | — | 0.19 | |
| Market value of equity / total liabilities | 12.26 | — | 7.36 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Safe zone | 8.83 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 15.67 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CKX CKX Lands, Inc. compare | 16.0× |
| MXC Mexco Energy Corporation | 8.8× |
| INDO Indonesia Energy Corporation Limited compare | 4.9× |
| PROP Prairie Operating Co. compare | 0.4× |
| BRN Barnwell Industries, Inc. compare | 0.0× |
| EONR EON Resources Inc. compare | −1.0× |
| TPET Trio Petroleum Corp. compare | −1.3× |
| PRT PermRock Royalty Trust compare | — |
| VOC VOC Energy Trust compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets