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Pogo Royalty Reports 2,000,000 EONR Shares; Ownership Now 4.55%

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

EON Resources Inc. Schedule 13D Amendment No. 5 reports that the group of related reporting persons led by Pogo Royalty, LLC now directly holds 2,000,000 shares of Class A common stock, representing 4.55% of the class based on 43,991,721 shares outstanding as of September 29, 2025. The amendment states the decrease in percentage ownership resulted from the issuance of additional shares of Class A common stock to parties other than the reporting persons, not from any sale by the reporting persons. The filing is described as the final amendment and an exit filing because the reporting persons’ beneficial ownership fell below the 5% Schedule 13D threshold. The cover pages and Item 5 detail that Pogo Royalty is the direct holder and that CIC Pogo, CIC GP, CIC Firm LP and CIC Firm GP may be deemed to have indirect ownership through their ownership/control relationships.

Positive

  • Pogo Royalty directly holds 2,000,000 shares, clearly disclosed
  • No sales or other transactions by the reporting persons since the prior amendment, per the filing
  • Filing serves as a final amendment/exit from Schedule 13D reporting after ownership dropped below 5%

Negative

  • Beneficial ownership fell below 5% to 4.55%, reducing reporting persons' disclosure threshold and potential influence
  • Decrease in ownership driven by issuer share issuance, which diluted the reporting group’s stake

Insights

Stake fell below 5% due to share issuance; filing confirms end of Schedule 13D disclosure obligations.

The amendment clarifies that Pogo Royalty, LLC directly holds 2,000,000 Class A shares, equal to 4.55% of the class based on 43,991,721 outstanding shares as of September 29, 2025. Because the reduction in percentage ownership is attributed to new shares issued to others rather than dispositions by the reporting persons, the group submits this as a final Schedule 13D amendment and exit filing.

Key governance implications are limited: the reporting group no longer meets the >5% reporting threshold that can trigger activist or control-related scrutiny. Watch for any future share issuances or repurchases that could change the threshold within the next 12 months.

Amendment updates ownership math and confirms no transactions since prior amendment.

The statement explicitly notes there were no transactions in the Class A Common Stock by the reporting persons since the last Schedule 13D amendment; the ownership decline stems from the issuer's equity issuance disclosed in its Schedule 14A supplement on September 29, 2025. The filing preserves the reporting persons' prior disclosures while updating Rows 7–13 on the cover pages to reflect current holdings.

Operationally, this is a routine corrective amendment; investors should monitor subsequent SEC filings or proxy supplements for additional share issuances or related-party actions within the next few quarters.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
For Boxes 8, 10 and 11, Pogo Royalty, LLC, a Texas limited liability company ("Pogo Royalty"), directly holds 2,000,000 shares of Class A common stock, $0.0001 par value per share (the "Class A Common Stock"), of EON Resources Inc., a Delaware corporation (the "Issuer") (such shares of Class A Common Stock, the "Reported Securities"). For Box 13, calculated based on a total of 43,991,721 shares of common stock outstanding as of September 29, 2025, as reported on the Supplement to the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the "Commission") on September 29, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
For Boxes 8, 10 and 11, CIC Pogo LP, a Delaware limited partnership ("CIC Pogo"), is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC Pogo may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC Pogo is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose. For Box 13, calculated based on a total of 43,991,721 shares of common stock outstanding as of September 29, 2025, as reported on the Supplement to the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Commission on September 29, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
For Boxes 8, 10 and 11, CIC IV GP LLC, a Delaware limited liability company ("CIC GP"), is the general partner of CIC Pogo, which is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC GP may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC GP is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Exchange Act, or any other purpose. For Box 13, calculated based on a total of 43,991,721 shares of common stock outstanding as of September 29, 2025, as reported on the Supplement to the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Commission on September 29, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
For Boxes 8, 10 and 11, CIC Partners Firm LP, a Delaware limited partnership ("CIC Firm LP"), is the sole member of CIC GP, which is the general partner of CIC Pogo, which is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC Firm LP may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC Firm LP is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Exchange Act, or any other purpose. For Box 13, calculated based on a total of 43,991,721 shares of common stock outstanding as of September 29, 2025, as reported on the Supplement to the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Commission on September 29, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
For Boxes 8, 10 and 11, CIC Partners Firm GP LLC, a Delaware limited liability company ("CIC Firm GP"), is the general partner of Firm LP, which is the sole member of CIC GP, which is the general partner of CIC Pogo, which is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC Firm GP may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC Firm GP is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Exchange Act, or any other purpose. For Box 13, calculated based on a total of 43,991,721 shares of common stock outstanding as of September 29, 2025, as reported on the Supplement to the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Commission on September 29, 2025.


SCHEDULE 13D


Pogo Royalty, LLC
Signature:/s/ Bayard Friedman
Name/Title:Bayard Friedman/Authorized Person
Date:10/07/2025
CIC Pogo LP
Signature:/s/ Bayard Friedman
Name/Title:Bayard Friedman/Authorized Person
Date:10/07/2025
CIC IV GP LLC
Signature:/s/ Bayard Friedman
Name/Title:Bayard Friedman/Authorized Person
Date:10/07/2025
CIC Partners Firm LP
Signature:/s/ Bayard Friedman
Name/Title:Bayard Friedman/Authorized Person
Date:10/07/2025
CIC Partners Firm GP LLC
Signature:/s/ Bayard Friedman
Name/Title:Bayard Friedman/Authorized Person
Date:10/07/2025

FAQ

What change did the Schedule 13D/A filed by Pogo Royalty report for EONR?

It reported that the reporting persons now beneficially own 2,000,000 Class A shares, equal to 4.55% of the class as of September 29, 2025.

Why did the reporting group’s percentage ownership in EON Resources (EONR) fall below 5%?

The filing states the drop resulted from the issuer issuing additional Class A shares to others, not from any sale by the reporting persons.

Does this Schedule 13D Amendment disclose any share sales by the reporting persons?

No. The amendment explicitly states there have been no transactions in the Class A Common Stock by the reporting persons since the prior amendment.

Who directly holds the reported EONR shares and who may be deemed indirect owners?

Pogo Royalty, LLC directly holds the 2,000,000 shares. CIC Pogo LP, CIC IV GP LLC, CIC Partners Firm LP, and CIC Partners Firm GP LLC may be deemed to have indirect ownership through control relationships described in the filing.

Does this amendment end the reporting obligations under Schedule 13D for the reporting persons?

Yes. The filing states it is the final amendment and constitutes an exit filing because the reporting persons’ beneficial ownership dropped below the 5% threshold.
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