Tearsheet

Mexco Energy (MXC)


Market Price (4/25/2026): $9.11 | Market Cap: $18.6 Mil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Mexco Energy (MXC)


Market Price (4/25/2026): $9.11
Market Cap: $18.6 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 62%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%

Megatrend and thematic drivers
Megatrends include US Energy Independence. Themes include US Oilfield Technologies.

Weak multi-year price returns
2Y Excs Rtn is -73%, 3Y Excs Rtn is -96%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.2%, Rev Chg QQuarterly Revenue Change % is -27%

Key risks
MXC key risks include [1] its high revenue dependency on volatile oil prices and [2] a recent 15% decrease in its oil reserves.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 62%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3 Megatrend and thematic drivers
Megatrends include US Energy Independence. Themes include US Oilfield Technologies.
4 Weak multi-year price returns
2Y Excs Rtn is -73%, 3Y Excs Rtn is -96%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.2%, Rev Chg QQuarterly Revenue Change % is -27%
6 Key risks
MXC key risks include [1] its high revenue dependency on volatile oil prices and [2] a recent 15% decrease in its oil reserves.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Mexco Energy (MXC) stock has lost about 5% since 12/31/2025 because of the following key factors:

1. Significant Decline in Net Income: Mexco Energy reported a substantial drop in net income for the third quarter of fiscal year 2026 (ending December 31, 2025), which was announced on February 10, 2026. The company's net income fell by 89% compared to the same quarter in the previous year. This considerable decrease in profitability likely contributed to negative investor sentiment during the specified period.

2. Adverse Impact of Decreased Oil Prices on Revenues: A key factor contributing to the decline in net income was a decrease in average oil prices. Oil sales represented a significant portion of Mexco Energy's operating revenues, accounting for 76% in the first six months of fiscal year 2026. The company noted that a 17% decline in average oil prices adversely affected overall revenues during this period, a trend that continued to impact results through the third fiscal quarter.

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Stock Movement Drivers

Fundamental Drivers

The -7.0% change in MXC stock from 12/31/2025 to 4/24/2026 was primarily driven by a -19.6% change in the company's Net Income Margin (%).
(LTM values as of)123120254242026Change
Stock Price ($)9.919.22-7.0%
Change Contribution By: 
Total Revenues ($ Mil)77-6.8%
Net Income Margin (%)22.5%18.1%-19.6%
P/E Multiple12.115.124.2%
Shares Outstanding (Mil)220.0%
Cumulative Contribution-7.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/24/2026
ReturnCorrelation
MXC-7.0% 
Market (SPY)4.2%-28.7%
Sector (XLE)27.2%26.0%

Fundamental Drivers

The 0.7% change in MXC stock from 9/30/2025 to 4/24/2026 was primarily driven by a 33.9% change in the company's P/E Multiple.
(LTM values as of)93020254242026Change
Stock Price ($)9.169.220.7%
Change Contribution By: 
Total Revenues ($ Mil)77-7.0%
Net Income Margin (%)22.3%18.1%-19.1%
P/E Multiple11.315.133.9%
Shares Outstanding (Mil)220.0%
Cumulative Contribution0.7%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/24/2026
ReturnCorrelation
MXC0.7% 
Market (SPY)7.0%-12.3%
Sector (XLE)28.4%20.8%

Fundamental Drivers

The 14.5% change in MXC stock from 3/31/2025 to 4/24/2026 was primarily driven by a 22.9% change in the company's P/E Multiple.
(LTM values as of)33120254242026Change
Stock Price ($)8.059.2214.5%
Change Contribution By: 
Total Revenues ($ Mil)77-3.3%
Net Income Margin (%)18.7%18.1%-3.6%
P/E Multiple12.315.122.9%
Shares Outstanding (Mil)220.0%
Cumulative Contribution14.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/24/2026
ReturnCorrelation
MXC14.5% 
Market (SPY)28.1%-15.6%
Sector (XLE)24.8%13.7%

Fundamental Drivers

The -16.4% change in MXC stock from 3/31/2023 to 4/24/2026 was primarily driven by a -63.8% change in the company's Net Income Margin (%).
(LTM values as of)33120234242026Change
Stock Price ($)11.039.22-16.4%
Change Contribution By: 
Total Revenues ($ Mil)107-27.4%
Net Income Margin (%)49.9%18.1%-63.8%
P/E Multiple5.015.1202.6%
Shares Outstanding (Mil)225.0%
Cumulative Contribution-16.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/24/2026
ReturnCorrelation
MXC-16.4% 
Market (SPY)79.8%-8.3%
Sector (XLE)50.4%13.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MXC Return56%33%-26%25%-11%-6%59%
Peers Return86%31%-21%1%-42%46%64%
S&P 500 Return27%-19%24%23%16%4%89%

Monthly Win Rates [3]
MXC Win Rate67%50%42%50%50%50% 
Peers Win Rate56%58%38%44%27%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MXC Max Drawdown-6%-2%-26%0%-43%-9% 
Peers Max Drawdown-25%-4%-35%-15%-51%-24% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PED, REI, HPK, NOG, PR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/24/2026 (YTD)

How Low Can It Go

Unique KeyEventMXCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-69.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven232.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-58.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven142.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven77 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-70.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven241.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven743 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-89.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven828.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to PED, REI, HPK, NOG, PR

In The Past

Mexco Energy's stock fell -69.9% during the 2022 Inflation Shock from a high on 3/7/2022. A -69.9% loss requires a 232.5% gain to breakeven.

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About Mexco Energy (MXC)

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio. As of March 31, 2021, the company's total estimated proved reserves were approximately 1.504 million barrels of oil equivalent. It also owned leasehold mineral and royalty interests in approximately 3,169 net acres. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was incorporated in 1972 and is based in Midland, Texas.

AI Analysis | Feedback

Analogy 1: Think of Mexco Energy as a much smaller, independent oil and gas producer, similar to a mini-version of a major exploration and production (E&P) company like Occidental Petroleum or EOG Resources.

Analogy 2: Essentially, it's an exploration and production company focused on finding and extracting oil and gas, operating like a scaled-down, geographically diverse ConocoPhillips.

AI Analysis | Feedback

  • Natural Gas: A fossil fuel primarily composed of methane, extracted from underground reservoirs.
  • Crude Oil: Unrefined petroleum, a naturally occurring liquid found in rock formations, extracted from the earth.
  • Condensate: A low-density mixture of hydrocarbon liquids that are present as gaseous components in raw natural gas.
  • Natural Gas Liquids (NGLs): Hydrocarbons that are separated from natural gas in processing plants and have many commercial uses.

AI Analysis | Feedback

Mexco Energy (MXC) sells its crude oil, natural gas, and natural gas liquids production primarily to other companies in the energy sector.

Due to the commodity nature of its products, Mexco Energy does not have specific major customers that account for a significant portion of its revenues. The company's sales are made to various purchasers at market prices, typically at the wellhead or other readily accessible points. These purchasers include a range of refiners, pipeline operators, utility companies, and other industrial consumers of crude oil, natural gas, and natural gas liquids.

The company's public filings indicate that it does not expect the loss of any single purchaser to have a material adverse effect on its financial condition or results of operations, suggesting a diversified customer base within the commodity market rather than reliance on a few specific major customers.

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Nicholas C. Taylor, Chairman of the Board and Chief Executive Officer

Mr. Taylor was elected Chief Executive Officer, President, Treasurer, and Director of Mexco Energy Corporation in April 1983. He was elected Chairman of the Board in September 2011. Since July 1993, Mr. Taylor has been involved in the independent practice of law and other business activities, including independent oil and gas exploration and production. For over 19 years prior to that, he was a director and shareholder of the law firm of Stubbeman, McRae, Sealy, Laughlin & Browder, Inc., in Midland, Texas, and a partner of its predecessor firm. He was appointed by the Governor of Texas to the State Securities Board in 1995, serving until 2004, and was appointed to the Texas Ethics Commission in November 2005, serving until February 2010. Mr. Taylor beneficially owns approximately 46% of the outstanding shares of Mexco Energy Corporation.

Tamala L. McComic, President, Chief Financial Officer, Treasurer, and Assistant Secretary

Ms. McComic, a Certified Public Accountant, joined Mexco Energy Corporation in July 2001 as Controller. She was elected President and Chief Financial Officer in September 2011. Prior to this, she served as Executive Vice President and Chief Financial Officer from 2009 to 2011, and Vice President and Chief Financial Officer from 2003 to 2009. From 1994 to 2001, Ms. McComic was Regional Controller and Credit Manager for Transit Mix Concrete & Materials Company, a subsidiary of Trinity Industries, Inc.

Donna Gail Yanko, Vice President

Ms. Yanko was appointed to the position of Vice President of Mexco Energy Corporation in 1990.

Stacy D. Hardin, Corporate Secretary and Assistant Treasurer

Ms. Hardin joined Mexco Energy Corporation in 2006. She was elected Corporate Secretary of the Company in September 2021 and has served as Assistant Treasurer since 2010. From 2006 to 2021, she held the role of Assistant Secretary, and prior to that, she served as Assistant Controller.

AI Analysis | Feedback

The key risks to Mexco Energy (MXC) are primarily associated with the inherent nature of the oil and gas industry and its operational model.

  1. Volatility of Oil and Gas Prices: Mexco Energy's financial condition, results of operations, earnings, and reserve valuations are highly sensitive to the fluctuating market prices of crude oil and natural gas. Prices for these commodities are inherently volatile and unpredictable, influenced by global demand, supply, and geopolitical factors. Recent reports have indicated that declines in oil prices have directly led to decreases in the company's net income and operating revenues.
  2. Need to Develop and Replace Reserves: As an oil and gas company, Mexco Energy's long-term success depends on its ability to continually find, develop, and acquire new oil and gas reserves to offset natural production declines from existing wells. There is a risk that the company may not be able to develop and replace its reserves effectively, which could negatively impact its future production volumes and financial performance.
  3. Dependence on Third-Party Operators: Mexco Energy often owns partial interests in producing wells and relies on third-party operators for drilling, development, and production activities. This dependence means Mexco Energy has limited control over operational decisions, drilling schedules, and costs, which could affect its ability to manage its investments and realize expected returns.

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Mexco Energy Corporation's addressable markets for its main products and services are within the United States, given its operational focus on the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids across various U.S. states. Here are the estimated market sizes for these products:

Crude Oil Market in the U.S.

The overall U.S. oil and gas market was valued at approximately USD 1.55 trillion in 2024 and is projected to increase to around USD 2.24 trillion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 3.75% between 2025 and 2034. For crude oil specifically, the United States produced an average of 12.9 million barrels per day (b/d) in 2023, setting a new U.S. and global record. As of 2024, the U.S. consumes approximately 20,463,721 barrels per day of oil and produces around 22,844,371 barrels per day.

Natural Gas Market in the U.S.

The U.S. natural gas market is projected to reach approximately US$473.4 billion in 2025 and is expected to grow to US$601.8 billion by 2032, with a CAGR of 3.5% during this forecast period. In 2024, the U.S. natural gas distribution market alone was valued at USD 170.0 billion and is anticipated to reach USD 186.0 billion by 2032. Natural gas consumption in the U.S. reached a record 91.4 billion cubic feet per day (Bcf/d) in 2025. U.S. dry natural gas production reached 108.0 Bcf/d in July 2025.

Natural Gas Liquids (NGLs) Market in the U.S.

The U.S. natural gas liquids (NGL) market was estimated at USD 5.9 billion in 2024. It is projected to grow from USD 6.22 billion in 2025 to USD 10.6 billion by 2035, demonstrating a CAGR of 5.4% during this period. North America, with the U.S. as its top performer, accounted for 92.8% of the regional NGL market share in 2024. The North American NGL market is expected to grow from USD 7.08 billion in 2024 to USD 11.53 billion in 2033. In 2023, North America produced over 10 million barrels per day (bpd) of NGLs, representing more than 80% of global NGL production, with the U.S. leading in both production and consumption.

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For Mexco Energy Corporation (MXC), several key drivers are expected to contribute to future revenue growth over the next 2-3 years:

  1. Increased Production Volumes: Mexco Energy has demonstrated a commitment to increasing its oil and natural gas production volumes. For instance, in the first quarter of fiscal year 2026, the company reported a 21% increase in total production volumes, with oil production rising by 16% and natural gas production by 25% compared to the prior year. This trend is expected to continue, supported by ongoing drilling programs.
  2. Strategic Investment in Horizontal Drilling Programs: The company consistently invests in new drilling initiatives. For the fiscal year ending March 31, 2026, Mexco Energy plans to participate in the drilling of 35 horizontal wells and complete 17 wells, with an estimated aggregate cost of approximately $1.2 million. This investment in new wells is a direct driver for increasing future production capacity and, consequently, revenue.
  3. Acquisitions of Royalty and Mineral Interests: Mexco Energy's strategy includes the acquisition of royalty and mineral interests, which helps to expand its asset base and proved reserves while mitigating geological risk. In fiscal year 2025, the company acquired various royalty and mineral interests across several states, and it plans to expend approximately $650,000 for additional royalty and mineral interest acquisitions in fiscal year 2026. These acquisitions contribute to sustained revenue through diversified interests in producing wells.
  4. Favorable Natural Gas Prices: While oil prices can be volatile and have seen recent declines, Mexco Energy has benefited from increases in natural gas prices. In Q1 fiscal 2026, higher natural gas prices, which surged by 62%, significantly contributed to operating revenue growth, partially offsetting a decrease in oil prices. Given that Mexco Energy operates as an independent oil and gas company producing both commodities, sustained or increasing natural gas prices will be a driver of revenue.
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Share Repurchases

  • Mexco Energy completed the repurchase of 57,766 shares for $0.7 million under a buyback plan announced on April 30, 2024.

Capital Expenditures

  • For the fiscal year ending March 31, 2026, Mexco Energy expects to participate in the drilling and completion of fifty horizontal wells at an estimated aggregate cost of approximately $1.6 million, with $0.9 million expended as of December 31, 2025.
  • Approximately $450,000 has been expended for royalty and mineral interest acquisitions during fiscal year 2026.
  • Capital expenditures for the fiscal year ending March 31, 2025, were reported as $3 million.

Better Bets vs. Mexco Energy (MXC)

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Buying dips for companies with tame PE and meaningfully high operating margin
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NOV_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V212122025NOVNOVInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MXCPEDREIHPKNOGPRMedian
NameMexco En.PEDEVCO Ring Ene.HighPeak.Northern.Permian . 
Mkt Price9.2216.051.526.2326.7120.5012.64
Mkt Cap0.00.10.30.82.615.30.6
Rev LTM7463078632,0955,065585
Op Inc LTM2-10741536011,861114
FCF LTM211-29-112535576
FCF 3Y Avg21617-104-2314239
CFO LTM4111515121,5053,608331
CFO 3Y Avg5161816531,3663,078417

Growth & Margins

MXCPEDREIHPKNOGPRMedian
NameMexco En.PEDEVCO Ring Ene.HighPeak.Northern.Permian . 
Rev Chg LTM-3.3%15.7%-16.1%-22.7%-3.2%1.3%-3.3%
Rev Chg 3Y Avg-9.2%15.6%-3.6%8.6%2.1%36.0%5.3%
Rev Chg Q-26.8%118.2%-19.8%-23.3%-17.9%-9.8%-18.9%
QoQ Delta Rev Chg LTM-6.8%37.6%-5.1%-7.1%-4.5%-2.4%-4.8%
Op Inc Chg LTM-10.0%-299.1%-44.0%-55.2%-22.5%-13.4%-33.2%
Op Inc Chg 3Y Avg-30.4%-67.6%-25.6%-24.6%-21.5%16.9%-25.1%
Op Mgn LTM21.7%-20.9%24.2%17.7%28.7%36.7%23.0%
Op Mgn 3Y Avg26.2%3.0%33.6%28.9%36.6%42.3%31.3%
QoQ Delta Op Mgn LTM-3.3%-10.1%-2.7%-8.8%-2.9%-2.3%-3.1%
CFO/Rev LTM61.5%23.5%49.1%59.3%71.8%71.2%60.4%
CFO/Rev 3Y Avg65.5%44.0%52.4%62.6%66.3%70.1%64.1%
FCF/Rev LTM30.7%23.5%-9.4%-1.2%12.1%11.0%11.5%
FCF/Rev 3Y Avg21.7%43.8%4.3%-9.2%-11.9%10.1%7.2%

Valuation

MXCPEDREIHPKNOGPRMedian
NameMexco En.PEDEVCO Ring Ene.HighPeak.Northern.Permian . 
Mkt Cap0.00.10.30.82.615.30.6
P/S2.71.71.10.91.23.01.5
P/Op Inc12.5-8.04.65.24.38.24.9
P/EBIT11.9-58.0-195.44.711.09.27.0
P/E15.1-7.4-9.941.666.916.315.7
P/CFO4.47.12.31.51.74.23.3
Total Yield7.7%-13.5%-10.1%5.3%8.2%9.1%6.5%
Dividend Yield1.1%0.0%0.0%2.9%6.7%2.9%2.0%
FCF Yield 3Y Avg7.9%362.0%4.8%-6.2%-4.5%5.0%4.9%
D/E0.01.11.21.50.90.21.0
Net D/E-0.11.11.21.30.90.21.0

Returns

MXCPEDREIHPKNOGPRMedian
NameMexco En.PEDEVCO Ring Ene.HighPeak.Northern.Permian . 
1M Rtn-16.1%10.0%-1.9%-4.9%-9.8%-2.0%-3.4%
3M Rtn-9.6%38.3%47.6%58.1%15.6%39.9%39.1%
6M Rtn0.3%29.4%47.6%-10.2%28.4%46.6%28.9%
12M Rtn39.4%49.0%69.2%-33.1%20.3%46.6%43.0%
3Y Rtn-22.0%-9.8%-12.1%-67.4%-3.2%46.6%-11.0%
1M Excs Rtn-24.8%1.3%-10.6%-13.6%-18.5%-10.7%-12.1%
3M Excs Rtn-13.2%34.7%44.0%54.5%12.0%36.3%35.5%
6M Excs Rtn-4.5%34.7%56.1%-14.8%22.4%39.7%28.5%
12M Excs Rtn4.3%14.0%43.5%-66.6%-11.3%13.3%8.8%
3Y Excs Rtn-95.5%-87.1%-90.7%-145.0%-79.9%-25.9%-88.9%

Comparison Analyses

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Financials

Price Behavior

Price Behavior
Market Price$9.22 
Market Cap ($ Bil)0.0 
First Trading Date03/05/1997 
Distance from 52W High-39.3% 
   50 Days200 Days
DMA Price$10.65$9.63
DMA Trendupdown
Distance from DMA-13.5%-4.2%
 3M1YR
Volatility100.2%87.3%
Downside Capture-1.03-0.70
Upside Capture-180.73-46.26
Correlation (SPY)-31.0%-15.6%
MXC Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta-5.67-2.97-2.08-0.53-0.66-0.33
Up Beta-18.59-6.69-5.18-2.14-0.93-0.62
Down Beta-2.38-2.59-2.09-0.81-0.29-0.18
Up Capture-741%-269%-137%17%-18%-3%
Bmk +ve Days7162765139424
Stock +ve Days11193161110321
Down Capture-496%-240%-185%-34%-168%-60%
Bmk -ve Days12233358110323
Stock -ve Days10213059128381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MXC
MXC44.1%87.6%0.80-
Sector ETF (XLE)43.8%19.7%1.7221.3%
Equity (SPY)34.0%12.6%2.05-18.0%
Gold (GLD)42.9%27.2%1.2915.7%
Commodities (DBC)46.4%18.0%1.9742.9%
Real Estate (VNQ)14.2%13.3%0.74-17.1%
Bitcoin (BTCUSD)-16.6%42.1%-0.32-7.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MXC
MXC12.3%83.7%0.48-
Sector ETF (XLE)23.0%26.1%0.7925.8%
Equity (SPY)12.7%17.1%0.58-0.5%
Gold (GLD)21.2%17.8%0.9713.0%
Commodities (DBC)14.5%19.1%0.6232.3%
Real Estate (VNQ)3.7%18.8%0.101.4%
Bitcoin (BTCUSD)7.0%56.3%0.34-5.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MXC
MXC18.6%99.8%0.58-
Sector ETF (XLE)10.3%29.5%0.3925.0%
Equity (SPY)14.9%17.9%0.719.1%
Gold (GLD)13.9%15.9%0.738.3%
Commodities (DBC)10.1%17.8%0.4727.4%
Real Estate (VNQ)5.4%20.7%0.238.6%
Bitcoin (BTCUSD)68.3%66.9%1.070.4%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 3312026-65.3%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity2.0 Mil
Short % of Basic Shares0.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/10/2026-5.7%-1.6%7.9%
11/12/2025-3.8%-7.2%4.6%
6/27/2025-2.7%-7.8%-8.2%
2/7/2025-3.0%-2.5%-24.2%
11/7/20242.1%8.1%-0.8%
6/27/2024-0.0%4.7%-6.4%
2/9/2024-1.5%0.6%-1.6%
11/8/2023-2.0%-3.3%-17.4%
...
SUMMARY STATS   
# Positive577
# Negative131111
Median Positive5.3%4.7%7.9%
Median Negative-2.7%-5.6%-8.2%
Max Positive14.2%8.1%97.5%
Max Negative-20.5%-19.7%-25.9%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/10/202610-Q
09/30/202511/12/202510-Q
06/30/202508/12/202510-Q
03/31/202506/27/202510-K
12/31/202402/07/202510-Q
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202406/27/202410-K
12/31/202302/09/202410-Q
09/30/202311/08/202310-Q
06/30/202308/10/202310-Q
03/31/202306/26/202310-K
12/31/202202/10/202310-Q
09/30/202211/09/202210-Q
06/30/202208/15/202210-Q
03/31/202206/27/202210-K

Recent Forward Guidance [BETA]

Latest: Q3 2026 Earnings Reported 2/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Capital Expenditures 1.60 Mil 60.0% RaisedGuidance: 1.00 Mil for 2026

Prior: Q2 2026 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Capital Expenditures 1.00 Mil -16.7% LoweredGuidance: 1.20 Mil for 2026