EON Resources (EONR) Company Report

EON Resources Inc. completed a $45.5 million recapitalization funding on September 9, 2025, which included satisfying $20 million in senior institutional debt and a $20 million promissory note for $7 million in cash.
The company entered a Farmout Agreement with Virtus Energy Partners, LLC on September 9, 2025, for the San Andres formation, receiving $5 million for a 65% leasehold working interest and $20 million for a 5% overriding royalty interest, while retaining a 35% working interest.
EON anticipates significant production growth from the horizontal drilling program, with drilling commencing in Q2 2026 and production expected in Q3 2026. The company projects adding 1000 net BOPD from approximately 10 horizontal wells by the end of 2026.
As of January 21, 2026, EON has hedged 50% of its oil production through June 2026 and 25% for the second half of 2026, with a weighted average hedge price exceeding $60.00.

Jan 21, 2026, 2:05 PM

8-K

EON Resources Inc. Announces Record Q3 2025 Net Income and Strategic Balance Sheet Improvements

EONR

Earnings

New Projects/Investments

M&A

EON Resources Inc. reported record net income of $5.6 million for Q3 2025.
The company significantly improved its balance sheet by retiring $41 million of senior and seller debt and $27 million in preferred shares, which contributed to an increase in shareholder equity of over $22 million from Q2 to Q3.
EONR entered into a farm-out agreement for the San Andreas formation, retaining a 35% working interest in a horizontal drilling program with Vertus, which is expected to drill up to 92 wells over five years, commencing in Q2 2026.
Management anticipates increasing production by 500 barrels of oil per day without drilling over the next six to nine months and aims to reduce lease operating expenses and general and administrative (G&A) costs by $200,000 each per month.
The company plans a material acquisition in the first half of next year without incurring new debt or diluting shares.

Nov 18, 2025, 7:30 PM

Transcript

EONR Reports Record Q3 2025 Net Income and Significant Debt Reduction

EONR

Earnings

New Projects/Investments

M&A

EONR achieved record net income of $5.6 million for Q3 2025.
The company significantly improved its balance sheet by retiring $41 million of senior and seller debt and $27 million redemption value of preferred shares, leading to an increase in shareholder equity of over $22 million from Q2 to Q3, all achieved without taking on new debt.
EONR entered a farm-out agreement for the San Andreas formation with Vertus, securing a $5 million cash consideration and retaining a 35% working interest in a horizontal well drilling program. This program is scheduled to begin in Q2 2026 and aims to drill 10-20 wells per year for the next five years.
Management anticipates further financial improvements through cost reductions of $400,000 per month (G&A and lease operating expense) and plans a material acquisition in the first half of 2026 without incurring new debt or diluting shares.

Nov 18, 2025, 7:30 PM

Transcript

EON Resources Inc. Reports Record Q3 2025 Net Income and Significant Debt Reduction

EONR

Earnings

New Projects/Investments

Guidance Update

EON Resources Inc. reported a record net income of $5.6 million for the third quarter of 2025.
The company closed $45.5 million in funding on September 9, 2025, which enabled the retirement of all $41 million of senior and seller debt and all preferred shares with a redemption value of $27 million.
These financial actions resulted in a $22.7 million increase in shareholder equity.
EON also entered into a Farmout Agreement with Virtus on September 9, 2025, for horizontal well development in the San Andres formation, receiving $5.0 million and retaining a 35% non-operated working interest in up to 90 wells expected to be drilled starting in 2026.

Nov 18, 2025, 11:31 AM

8-K

EON Resources Inc. announces Q3 2025 results with significant funding and debt reduction

EONR

Earnings

Debt Issuance

New Projects/Investments

EON Resources Inc. secured $45.5 million in funding on September 9, 2025, which included $40.5 million from volumetric/ORRI funding and $5.0 million from Virtus for the San Andres Farmout agreement.
The company significantly strengthened its balance sheet in Q3 2025 by retiring $41 million of senior and seller debt and increasing shareholder equity by $20 million. Shareholder equity grew from $38,216,412 in Q2 2025 to $60,898,209 in Q3 2025.
A San Andres Farmout agreement with Virtus was finalized on September 9, 2025, where Virtus acquired a 65% working interest for $5 million to drill up to 90 horizontal wells starting in 2026. This program is projected to increase gross oil production to over 20,000 BOPD at peak and has an estimated NPV-10 of approximately $95 million for EON.
For Q3 2025, EONR reported revenues of $4,364,341 and a net income of $5,624,875, largely due to a $13,414,100 gain on asset sales and a $1,846,684 gain on debt forgiveness.

Nov 17, 2025, 12:00 PM

Presentation

EON Resources Closes Funding and Farmout Agreement

EONR

Debt Issuance

New Projects/Investments

Revenue Acceleration/Inflection

EON Resources Inc. (EONR) secured $45.5 million in funding during Q3 2025, primarily from royalty interests, and executed a Farmout Agreement with Virtus Energy Partners, LLC on September 9, 2025.
The proceeds were primarily utilized to retire approximately $20.6 million in senior debt and $15.0 million in seller notes, along with eliminating $5.0 million in accrued interest.
This financing is estimated to reduce total debt by $35.6 million, increase monthly income by $300K, and boost monthly cash flow by $570K.
The Farmout Agreement is projected to drive significant production growth starting in 2026, with 10-20 incremental horizontal wells annually, each expected to yield 300-500 barrels of oil per day.

Sep 30, 2025, 6:30 PM

Presentation

EON Resources Inc. Announces San Andres Farmout and $45.5 Million Funding

EONR

New Projects/Investments

Debt Issuance

M&A

EON Resources Inc. entered into a Farmout Agreement with Virtus Energy Partners, LLC on September 9, 2025, for the development of its San Andres formation in the Grayburg Jackson Field, initiating a $300+ million horizontal drilling program for up to 90 wells.
Under the agreement, Virtus acquired a 65% operated working interest for $5.0 million, with EON retaining a 35% non-operated working interest. The program is projected to yield a reserve value of $95+ million in Net PV-10 net to EON's retained interest.
EON also closed $45.5 million in funding on September 9, 2025, sourced from a private family office ($20.0 million and $20.5 million for overriding royalty interests) and Virtus ($5.0 million from the farmout).
The proceeds were utilized to settle $20.5 million in cash consideration to the Grayburg Jackson Field seller, retire a $20 million Seller note (plus accrued interest), and pay off approximately $19.3 million in senior debt. The retirement of senior debt is expected to improve monthly cash flow by $400,000 to $600,000.