EON Resources Inc. Stock Price, News & Analysis

EON Resources Inc. (NYSE:EONR) reported its Q1 2025 financial results, highlighting significant operational improvements and debt restructuring initiatives. The company achieved total revenues of $4.6 million, up $850K from Q4 2024, and income from operations of $1.8 million. Key developments include an agreement with Pogo Royalty to eliminate $40 million in debt through a $22 million cash payment and 3 million shares issuance, and an expanded LOI with Enstream Capital for $52.8 million in volumetric funding. EON's horizontal drilling program study identified 50 well locations with potential for 20 million untapped oil barrels, with drilling set to begin in Q1 2026. The company reduced operating expenses, with LOE dropping to $683K monthly and achieved 70% oil production hedging at $70.00/barrel through 2025. Infrastructure improvements and technological implementations, including AI applications, are driving operational efficiencies.

EON Resources Inc. (NYSE:EONR), an independent upstream energy company focused on oil and gas properties in the Permian Basin, has scheduled its Q1 2025 earnings conference call for May 22, 2025, at 2:00 p.m. EST. The call will be led by CEO Dante Caravaggio, alongside CFO Mitchell B. Trotter and VP of Operations Jesse Allen.

The conference will cover Q1 2025 financial results, operational achievements, and strategic plans for 2025-2026. Shareholders can access the call through a live webcast or telephone. The earnings presentation deck will be available on the company's website before the call. A replay will be accessible until June 5, 2025, for telephone access and May 22, 2026, for the webcast.

EON Resources (NYSE: EONR) reported its fiscal year 2024 results, achieving total revenue of $19.4 million with stable oil production of 950 barrels per day. The company secured an agreement with Pogo Royalty to eliminate $40 million in debt through a $22 million cash payment and 3 million shares issuance.

Key financial highlights include $6.5 million income from operations and reduced lease operating expenses to $700K monthly. The company signed a Letter of Intent with Enstream for $52.8 million in volumetric funding. A horizontal drilling program study identified 50 well locations with potential for 20 million untapped oil barrels, with drilling planned for Q1 2026.

The company reported $10.4 million in G&A costs and $8.7 million in interest expenses. Production is now 70% hedged at $70.00 per barrel or greater for 2025. Infrastructure improvements included $6.0 million in capital expenditures for water, flowline repairs, and system upgrades.

EON Resources (NYSE American: EONR), an independent upstream energy company focused on oil and gas operations in the Permian Basin, has announced the publication of its updated investor presentation and fiscal year 2024 earnings call materials on its corporate website. The presentation decks are now available for viewing at the company's online presentation portal.

EON Resources Inc. (NYSE American: EONR), an independent upstream energy company focused on oil and gas properties in the Permian Basin, has announced its upcoming fiscal year 2024 earnings call scheduled for April 23, 2025, at 12:00 p.m. EST.

The conference call will feature CEO Dante Caravaggio, CFO Mitchell B. Trotter, and VP of Operations Jesse Allen, who will review the company's financial results, discuss achievements from their first year as a public operating company, and outline operational plans for 2025 and beyond. A Q&A session will follow.

Shareholders can access the live broadcast via audio webcast on the EONR website, with the earnings call deck to be posted prior to the event. The company has provided both toll-free and international dial-in numbers, with replay options available for those unable to attend the live call.

EON Resources Inc. (NYSE:EONR), an independent upstream energy company operating in the Permian Basin, has announced its oil price hedging strategy through the end of 2025. The company has hedged approximately 70% of its oil production at prices ranging from $70.10 to $70.50 per barrel for the next 9 months.

This strategic hedging program aims to protect the company from market volatility, particularly in light of recent oil price fluctuations attributed to Saudi Arabia's expected increase in oil production. According to CFO Mitchell B. Trotter, while the current oil price volatility is not expected to persist long-term, these hedging measures will help safeguard the company's financial results.

EON Resources Inc. (NYSE:EONR) has signed an expanded non-binding LOI with Enstream Capital Management for a $52.8 million revenue sharing and volumetric funding arrangement, expected to close by June 2025.

The funding will be allocated as follows:

• $22 million for Seller consideration, generating ~$40 million in net shareholder value
• $21 million to pay off the senior reserve-based loan
• $9.8 million for workovers of up to 45 wells on 13,700 leasehold acres in Eddy County, New Mexico

The volumetric funding arrangement offers several advantages: improves monthly cash flow by $250,000, eliminates stock dilution, reduces balance sheet debt by $40 million (>$2.00/share), provides oil price risk protection, and includes an ORRI buyback option. The company plans to commence a horizontal drilling program in the San Andres interval in Q1 2026.

EON Resources Inc. (NYSE American: EONR), an independent upstream energy company focused on oil and gas operations in the Permian Basin, announced on March 12, 2025, that its Chairman and CEO has issued a letter to shareholders regarding current business activities and plans. The letter has been made available on the company's website under the Governance section of the Investor Relations page at www.EON-R.com.

EON Resources Inc. (NYSE:EONR) has completed a preliminary assessment of horizontal drilling potential in the lower San Andres reservoirs at its Grayburg-Jackson Field in Eddy County, New Mexico. The assessment reveals potential recovery of 20 million barrels of oil and 16 billion cubic feet of natural gas, supplementing current waterflood program reserves of 15 million barrels of oil.

The study, covering approximately 13,700 acres, suggests optimal exploitation through 5,000-foot horizontal wells. Based on analog field data, each well could yield an average initial production of 436 BOPD and estimated ultimate recovery of 397,000 barrels per well. With a typical well cost of $3.75 million, breakeven requires 156,000 barrels.

The company has identified 50 well locations with projected metrics including: ROI of 3.3x, IRR of 120.1%, and discounted cash flow at 10% of $6.60MM. EON plans to permit 12 San Andres horizontal drilling locations in late 2025 or early 2026.