Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Mexco Energy Corporation (ticker: MXC) is a publicly traded independent oil and gas company engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates within the oil and gas exploration and production (E&P) industry, with revenues primarily derived from its proportional working interests in producing wells rather than from operating large, company‑run fields. Mexco’s business model emphasizes participation in multiple projects alongside operators, allowing capital diversification and risk mitigation.
Founded in 1981, Mexco Energy Corporation has evolved from a regional exploration participant into a long‑standing, niche E&P company with a focus on mature U.S. basins. Its strategic positioning centers on maintaining a lean operational structure, limited overhead, and selective capital deployment, distinguishing it from larger independent producers that operate and manage extensive field operations.
Business Operations
Mexco Energy generates revenue through its ownership of working interests and royalty interests in oil and gas properties. Its core business consists of participating in drilling, recompletion, and production enhancement projects operated by third parties. The company does not typically serve as the operator, instead leveraging partnerships with established regional operators to access technical expertise and infrastructure.
Operations are concentrated entirely within the United States, with producing assets and development interests located in established hydrocarbon basins. Mexco controls no proprietary extraction technologies but relies on industry‑standard drilling and completion techniques employed by its operating partners. The company does not disclose material joint ventures or majority‑owned operating subsidiaries, reflecting its investment‑style participation model.
Strategic Position & Investments
Mexco Energy’s strategic direction emphasizes conservative balance sheet management, disciplined capital allocation, and incremental reserve growth. Growth initiatives are focused on selectively acquiring additional working interests in projects with existing production or near‑term development potential, rather than pursuing large‑scale exploration or transformative acquisitions.
The company’s investment activity has historically targeted onshore U.S. oil and gas basins with long production histories, enabling predictable decline curves and lower geological risk. There is no verified public disclosure indicating material involvement in emerging energy technologies, renewable energy, or non‑hydrocarbon sectors. Data inconclusive based on available public sources regarding any recent major acquisitions or divestitures beyond routine asset transactions.
Geographic Footprint
Mexco Energy operates exclusively within the United States, with its headquarters located in Midland, Texas, a central hub for domestic oil and gas activity. Its asset base spans several onshore basins, most notably the Permian Basin, with additional interests historically reported in regions such as the San Juan Basin and DJ Basin, subject to ongoing portfolio changes.
The company does not maintain international operations, foreign subsidiaries, or overseas investments. Its geographic footprint reflects a deliberate focus on U.S. regulatory familiarity, established infrastructure, and proximity to domestic commodity markets.
Leadership & Governance
Mexco Energy Corporation is led by a small executive team with longstanding involvement in the company and the domestic oil and gas sector. Leadership emphasizes financial discipline, shareholder alignment, and selective participation in energy projects rather than operational expansion.
Key executives include:
- Raul L. Zubaran – President & Chief Executive Officer
- Raul L. Zubaran – Chairman of the Board
Public disclosures identify limited additional executive officers, and detailed role differentiation beyond the positions listed above is not consistently reported. Data inconclusive based on available public sources regarding other current named executive officers.