EON Resources Inc. Announces Notice of Failure to Satisfy a Continued Listing Rule or Standard
Rhea-AI Summary
EON Resources (NYSE American: EONR) received a notice from NYSE American on April 16, 2026 that it is not in compliance due to failure to timely file its Form 10-K for fiscal 2025. The company has six months from April 15, 2026 to regain compliance by filing the Form 10-K.
The NYSE Notice does not have an immediate effect on the listing of Class A common stock or public warrants. The company cites additional time and resources needed to complete financial close procedures and currently expects to file within the six-month cure period, but provides no assurance.
Positive
- Permian Basin position: 20,000 leasehold acres
- 750 producing and injection wells on fields
- Current production of over 1,000 barrels oil per day
- Company currently expects to file the Form 10-K within six months
Negative
- Received NYSE notice of noncompliance for late Form 10-K filing
- Failure to file by April 15, 2026 ended Form 12b-25 extension
- NYSE may commence delisting proceedings at any time
- Financial close procedures required additional time, delaying reporting
News Market Reaction – EONR
In the Apr 23 session, EONR gained 2.70%, reflecting a moderate positive market reaction. Argus tracked a peak move of +2.8% during that session. Argus tracked a trough of -4.0% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Earnings call announcement | Neutral | -0.0% | Scheduled fiscal 2025 earnings webcast and teleconference for late April 2026. |
| Apr 08 | Activity acceleration | Positive | -5.5% | Higher oil prices enabling hedging, lending access, and faster drilling and acquisitions. |
| Mar 19 | Drilling program update | Positive | +1.9% | Announced 2026 drilling plan with San Andres recompletions and 92 horizontal wells. |
| Mar 11 | Hedging program expansion | Positive | +6.5% | Expanded oil hedging through 2027 alongside expectations for production growth from horizontals. |
| Feb 12 | Increased hedging levels | Positive | -8.5% | Raised hedging to 60% of 2026 output and 50% for early 2027 at >$60 oil. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational and hedging updates have often seen mixed or even negative price reactions, with both aligned and divergent moves following generally positive news.
Over the past few months, EONR has highlighted expansion and risk-management steps while the stock traded well below its 52-week high of $1.58. March and April releases detailed San Andres drilling plans, hedging through 2027, and accelerated activity tied to higher oil prices, with price reactions ranging from about -8% to +6%. An earnings call announcement in mid-April had little impact. Against this backdrop, today’s notice about failing to timely file the 2025 Form 10-K introduces a compliance risk that contrasts with earlier growth-focused updates.
Key Terms
upstream technical
nyse american regulatory
form 10-k regulatory
securities and exchange commission regulatory
listing standards regulatory
delisting proceedings regulatory
form 12b-25 regulatory
annual report regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, TX / ACCESS Newswire / April 22, 2026 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with 20,000 leasehold acres in the Permian Basin. The fields have a total of 750 producing and injection wells producing over 1,000 barrels of oil per day. Today, the Company announced that on April 16, 2026, the Company received a notice (the "NYSE Notice") from the NYSE American LLC (the "NYSE American") that the Company is not in compliance with NYSE American listing standards as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the "Form 10-K") with the Securities and Exchange Commission (the "SEC").
The NYSE Notice has no immediate effect on the listing of the Company's Class A Common Stock (NYSE American: EONR) or the Company's public warrants (NYSE American: EONR WS) on the NYSE American. The NYSE Notice informed the Company that, under NYSE American rules, the Company has six months from April 15, 2026, to regain compliance with the NYSE American listing standards by filing the Form 10-K with the SEC. If the Company fails to file the Form 10-K within the six-month period, the NYSE American may grant, in its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE Notice also notes that the NYSE American may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.
As previously reported in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on April 1, 2026 (the "Form 12b-25"), the Company was unable to file the Form 10-K within the prescribed period because additional time, resources and effort are required to complete work related to its financial reporting and close procedures. Subsequent to filing the Form 12b-25, the Company continued to dedicate significant resources to the completion of such procedures but was unable to file the Form 10-K by April 15, 2026, the end of the extension period provided by the Form 12b-25. The Company requires additional time to complete such procedures.
The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and currently expects to file the Form 10-K within the six-month period granted by the NYSE Notice; however, there can be no assurance that the Form 10-K will be filed within such period.
About EON Resources Inc.
EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in a diversified portfolio of long-life producing oil and natural gas properties and other energy holdings. EON's approach is to build an energy company through acquisition and through selective development of its properties. Class A Common Stock of EON trades on the NYSE American Stock Exchange under the symbol of "EONR" and the Company's public warrants trade under the symbol of "EONR WS". For more information on the Company, please visit the EON website.
About the Grayburg-Jackson Field Property
Our Grayburg-Jackson Field ("GJF") is located on the Northwest Shelf of the Permian Basin in Eddy County, New Mexico. The GJF comprises of 13,700 contiguous leasehold acres where the leasehold rights include stacked pay zones named the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. Almost 1 billion barrels in place has been estimated as the original oil in place with less than
About the South Justis Field Property
The South Justis Field ("SJF") is a carbonate reservoir, also in the prolific Permian Field, and is located in Lea County, New Mexico approximately 100 miles from the GJF. The SJF is comprised of 5,360 contiguous acres containing 208 total producing and injection wells with well spacing of 50 acres. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ("OOIP") is approximately 207 million barrels of oil. Like the GJF, the SJF is also employing a waterflood by recycling produced water. More information on the property can be located on the South Justis Field page of our website.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com
SOURCE: EON Resources Inc.
View the original press release on ACCESS Newswire