EON Resources Inc. Stock Price, News & Analysis

EON Resources (NYSE:EONR) has amended its Purchase, Sale, Termination and Exchange Agreement with Pogo Royalty, significantly improving its balance sheet restructuring. The amendment reduces EON's cash obligation by $1.5 million to $20.5 million and decreases stock issuance by 1.5 million shares to 1.5 million Class A Common Stock shares. The deal includes retiring a $15 million promissory note plus $4 million in accrued interest for $7 million, purchasing a 10% ORRI for $13.5 million, and repurchasing preferred units with $27 million redemption value. The closing date has been extended to September 15, 2025, though the company expects to close by early August 2025 with Enstream Capital Management. The restructuring was partly driven by weakened oil prices, with Enstream reducing their original funding commitment.

EON Resources Inc. (NYSE American: EONR), an independent upstream energy company focused on oil and gas operations in the Permian Basin, has announced the publication of two key documents on their corporate website. The company has uploaded both an updated investor presentation deck and their Q1 2025 earnings call presentation deck, which can be accessed at www.eon-r.com/presentations.

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.