Financial Data and Key Metrics Changes - The company reported record net income of $5.6 billion for Q3 2025, marking the highest level to date [4][18] - Shareholder equity increased by over $22 million from Q2 to Q3, driven by the retirement of debt and preferred shares [5][17] - The company retired $41 million of senior and seller debt and $27 million in preferred shares, enhancing its balance sheet significantly [5][17] Business Line Data and Key Metrics Changes - The company acquired a 10% override with the original seller group related to the Grayburg Jackson field, enhancing its operational capabilities [5] - A horizontal well drilling program is set to commence next year, with plans to drill up to 92 wells over the next five years [6][10] Market Data and Key Metrics Changes - Current production remains consistent above 1,000 gross barrels of oil per day across the Grayburg Jackson and South Justice fields [21] - The company anticipates initial production from new wells in the range of 300-500 barrels of oil per day per well [25] Company Strategy and Development Direction - The company aims to enhance shareholder value by focusing on increasing production and reducing operational costs [27][29] - Plans include a material acquisition in the first half of next year without taking on debt or diluting shares [28] - The company is exploring opportunities in energy supply for data centers and Bitcoin mining, indicating a strategic pivot towards innovative energy solutions [34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to weather low oil prices due to a debt-free status and cost-saving measures [29] - The company expects to see increased production and improved financials through 2026, with a long-term outlook extending to 2030 [27][28] - Management is optimistic about the potential for future drilling and workover projects, emphasizing a robust inventory of opportunities [10][11] Other Important Information - The company has not had any reportable safety incidents since taking over operations in November 2023, highlighting a strong safety record [21] - The company is currently in the process of installing a two-mile injection pipeline to enhance production capabilities [22] Q&A Session Summary Question: What is the company's strategy regarding energy supply to data centers and AI mining? - Management acknowledged the potential in this area but indicated that they are still exploring proposals and do not have a concrete plan yet [34][35] Question: When is the first horizontal drilling expected to start? - The company anticipates that permitting will be submitted this year, with drilling potentially starting by the end of Q2 2026 [39][40] Question: What is the current status of the EON warrants? - Management clarified that there is only one expiration date for the warrants, which is five years from the public company date in November 2028 [41][49] Question: At what oil price does the company start making money? - The company indicated that it is currently operating at a slight loss but believes it can be profitable at current prices with better cost control [58][59] Question: What issues are being faced in selling gas? - The company is currently facing curtailment issues due to maintenance at the gas plant but expects these to be resolved soon [61][62] Question: Are there any requirements for Vertus to drill the first three wells? - The drilling of the first three wells is at Vertus's discretion, but management is confident they will proceed as long as oil prices remain favorable [63][64] Question: What is the dilution risk from current convertible notes? - Management indicated that the dilution risk is minimal, with only a small number of shares potentially affected by the conversion of notes [70]

Financial Data and Key Metrics Changes - The company reported a record net income of $5.6 billion for Q3 2025, marking the highest level to date [5][18] - Shareholder equity increased by over $22 million from Q2 to Q3 2025, attributed to the retirement of debt and preferred shares [6][17] - The company retired all $41 million of senior and seller debt and preferred shares with a redemption value of $27 million [6][17] Business Line Data and Key Metrics Changes - The company acquired a 10% override with the original seller group related to the Grayburg Jackson field [6] - A horizontal well drilling program is set to commence next year, with plans to drill as many as 92 wells over the next five years [7][10] - Current production is primarily from the Seven Rivers formation, with ongoing development in multiple pay zones [7][11] Market Data and Key Metrics Changes - The company is experiencing consistent production above 1,000 gross barrels of oil per day across its two fields [21] - The San Andreas farm-out to Vertus includes a cash consideration of $5 million and a post-deal working interest of 35% for the company [23] Company Strategy and Development Direction - The company aims to enhance shareholder value by focusing on increasing stock prices and exploring acquisition opportunities [8][10] - Plans include cutting operational costs by $200,000 per month and increasing production through workovers and new drilling [26][29] - The company is looking to make a material acquisition in the first half of next year without taking on debt or diluting shares [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, emphasizing a clean balance sheet and the potential for increased production [10][29] - The company is well-positioned to weather low oil prices due to its debt-free status and cost-saving measures [29] - Management anticipates continued production increases and financial improvements through 2026 and beyond [27] Other Important Information - The company has not had any reportable safety incidents since taking over operations in November 2023 [21] - The installation of a two-mile injection pipeline is currently in progress, which is expected to boost production [22] Q&A Session Summary Question: Future energy supply for data centers - Management acknowledged the potential for supplying energy to data centers and is exploring proposals to monetize gas [34][35] Question: Timeline for horizontal drilling - Horizontal drilling is expected to begin in mid-2026, pending federal drilling permit approvals [37][39] Question: Convertible notes and dilution risk - The company has redeemed most non-insider convertible notes and is managing dilution risk carefully [68][71] Question: Crude oil price hedging - The company has hedged a quarter of its production through Q1 2026 at $62.50 and is monitoring market conditions for further hedging [72] Question: Acquisition potential - Management indicated that while the company is not for sale at a bargain price, it is open to strategic acquisitions that align with its growth strategy [74]

Financial Performance - Record net income of $5.6 million for the third quarter of 2025, a significant turnaround from previous losses[1] - Total revenue for Q3 2025 was $4.36 million, showing consistency with prior quarters despite minor fluctuations[11] - Operations expenses increased to $3.54 million in Q3 2025, up from $2.85 million in Q2 2025[11] - A one-time gain of $13.4 million was recorded from asset sales related to the funding and farmout agreements[16] Balance Sheet Improvement - The company retired all $41 million of senior and seller debt, significantly improving its balance sheet[1][17] - Shareholder equity increased by $22.7 million, driven by the retirement of preferred shares and gains from funding transactions[1][17] Drilling and Production Plans - The company expects to drill up to 90 horizontal wells at a cost of $3.5 million to $4.0 million per well, with initial production rates of 300 to 500 barrels of oil per day[7] - Cumulative capital investment by Virtus and LHO is projected to exceed $300 million over the life of the horizontal drilling project[7] - The company anticipates an annual horizontal drilling program of 10 to 20 new wells per year, with gross oil production expected to exceed 20,000 barrels of oil per day[7] Reserves Information - The Grayburg-Jackson Field is estimated to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas[18]

Third Quarter of 2025 Earnings Call November 2025 Eon Resources Inc. NYSE-AM:EONR https://www.EON-R.com/ NYSEAM:EONR NYSEAM:EONR Presenters Dante V. Caravaggio CEO CFO David M. Smith General Counsel Jesse J. Allen VP of Operations 2 NYSEAM:EONR Company Overview Leasehold Acres ~ 20,000 acres (two fields) Grayburg-Jackson Oil Field (Eddy County) & South Justis Field (Lea County) Fields Wells (Producing + Injection) ~ 750 wells across both fields Current Oil Production Over 1,000 barrels of oil per day • Prov ...

HOUSTON, TEXAS / ACCESS Newswire / November 17, 2025 / 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. ...

Management Will Be Discussing Its Financial Results, Sources and Uses of Funding of $40.5 Million Closed on September 9, 2025, and Accomplishments and Plans for the Remainder of 2025 HOUSTON, TEXAS / ACCESS Newswire / November 17, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with 20,000 leasehold acres comprised of two fields and 700 total producing and injection wells which it operates with 1,000 barrels a day of oil produced in the Permi ...

Core Insights - EON Resources Inc. reported a record net income of $5.6 million for the quarter [1] - The company successfully retired all $41 million of senior and seller debt [1] - EON also retired all preferred shares with a redemption value of $27 million [1] - Shareholder equity increased by $22.7 million [1] Company Overview - EON Resources Inc. is an independent upstream energy company [1] - The company holds 20,000 leasehold acres in the Permian Basin [1] - EON operates a total of 750 producing and injection wells, producing over 1,000 barrels of oil per day [1]

PresentationDante CaravaggioPresident, CEO & Director Good afternoon. It is my pleasure to welcome you to the 2025 Annual Meeting of the Stockholders of EON Resources Inc. I am Dante Caravaggio, Chief Executive Officer and member of the Board of Directors for the company, and I will act as Chairperson of this meeting. This Annual Meeting of Stockholders is held for the purposes described in the proxy statement prepared by the company for this meeting and provided to our stockholders on or about September 2 ...

Group 1 - EON Resources, Inc. announced a funding of $45.5 million along with a related Farmout Agreement [1] - The conference call was hosted by Michael Porter, who introduced the session and mentioned the forward-looking statements [2][3] - The call included discussions on risks and uncertainties that could affect the company's expectations and results [3] Group 2 - The management team was introduced to provide further insights into the funding and its implications for the company [4]

EON Resources Inc. Conference Call Summary Company Overview - **Company**: EON Resources Inc. (NYSEAM:EONR) - **Date of Call**: September 30, 2025 - **Key Focus**: Discussion of $45.5 million funding and related farm-out agreement Industry Context - **Location**: Operations primarily in New Mexico and Texas - **Oil Production**: New Mexico produces 2 million barrels per day, Texas produces 6 million barrels per day, with EON currently producing approximately 1,000 barrels per day [4][6] Core Points and Arguments 1. **Funding and Financial Impact**: - EON closed a deal worth $45.5 million, which includes $20 million for a 15% overriding royalty interest in the Grayberg Jackson field and $20.5 million for a 5% overriding royalty interest in the San Andreas Formation [12][13] - The deal is expected to significantly improve the company's balance sheet by eliminating $35.6 million in debt and $5 million in unpaid accrued interest [18][19] - The company anticipates a net increase in income statement cash flows of $300,000 per month, with a reduction in interest expenses by $500,000 [20][21] 2. **Production Growth**: - EON aims to increase production from 1,000 barrels per day to over 5,000 barrels per day through waterflood production expansion and drilling of 90 new wells in the San Andreas Formation [6][24] - Each new well is expected to produce between 300 to 500 barrels of oil per day, with a total potential capital cost of $300 million for the drilling program [23] 3. **Partnership with Virtus Energy Partners**: - EON has entered a farm-out agreement with Virtus Energy Partners, where Virtus will operate with a 65% working interest while EON retains 35% [22] - The partnership is expected to enhance production capabilities and leverage Virtus's experience in the San Andreas region [24] 4. **Debt and Financial Flexibility**: - The company has eliminated major debt obligations, allowing for greater operational flexibility and potential for future acquisitions [7][14] - EON is now free from bank covenants, which previously restricted operational decisions [7][14] 5. **Future Outlook**: - EON is optimistic about future acquisitions, targeting properties that can be purchased at favorable multiples of EBITDA [29] - The company is focused on reducing operational costs, aiming for a lifting cost below $20 per barrel [39] Additional Important Insights - **Operational Efficiency**: The company is working to reduce general and administrative expenses and lease operating expenses, which are currently higher due to legal and consulting fees related to the recent deal [39] - **Market Position**: EON is positioned to capitalize on opportunities in the oil market, especially with reduced debt and improved cash flow [29][52] - **Shareholder Value**: The management emphasizes a commitment to enhancing shareholder value through strategic decisions and operational improvements [52] Conclusion EON Resources Inc. is poised for significant growth following a successful funding round and strategic partnership with Virtus Energy Partners. The elimination of debt and focus on increasing production capacity positions the company favorably in the competitive oil market.