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]

Core Points - The Annual Meeting of Stockholders for EON Resources Inc. is being chaired by the CEO, Dante Caravaggio, who welcomed attendees [1] - The meeting's agenda is based on the proxy statement provided to stockholders around September 29, 2025 [2] - A significant deal that occurred on September 9, which positively impacted the company, will not be discussed in detail during this meeting but will be addressed in the upcoming earnings call [3] - Questions from stockholders will be directed through the public relations manager, Mike Porter, as there is no Q&A session planned for this event [4] - The meeting includes participation from key executives, including the CFO, Mitchell Trotter, and Senior Vice President, David Smith [5]

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.

Funding Closed and Farmout Agreement September 2025 CFO David M. Smith General Counsel Eon Resources Inc. NYSE-AM:EONR https://www.EON-R.com/ NYSEAM:EONR NYSEAM:EONR Presenters Dante V. Caravaggio CEO Mitchell B. Trotter 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 ...

Core Insights - EON Resources Inc. is an independent upstream energy company operating in the Permian Basin with significant leasehold acreage and production capacity [1] Company Overview - The company holds 20,000 leasehold acres in the Permian Basin [1] - EON has a total of 750 producing and injection wells [1] - The current production rate exceeds 1,000 barrels of oil per day [1]

Core Insights - EON Resources Inc. is an independent upstream energy company operating in the Permian Basin with significant leasehold acreage and production capacity [1] Company Overview - The company holds 20,000 leasehold acres in the Permian Basin [1] - EON has a total of 750 producing and injection wells [1] - The current production rate exceeds 1,000 barrels of oil per day [1]

Core Insights - EON Resources Inc. is an independent upstream energy company operating in the Permian Basin with significant leasehold acreage and production capacity [1] Company Overview - The company holds 20,000 leasehold acres in the Permian Basin [1] - EON has a total of 750 producing and injection wells [1] - The current production rate exceeds 1,000 barrels of oil per day [1]

Core Insights - EON Resources Inc. is an independent upstream energy company operating in the Permian Basin with significant leasehold acreage and production capacity [1] Company Overview - The company holds 20,000 leasehold acres in the Permian Basin [1] - EON has a total of 750 producing and injection wells [1] - The current production rate exceeds 1,000 barrels of oil per day [1]

Core Viewpoint - EON Resources Inc. is positioned as an independent upstream energy company with significant operations in the Permian Basin, highlighting its production capabilities and leasehold assets [1] Company Overview - EON Resources Inc. holds 20,000 leasehold acres in the Permian Basin [1] - The company operates a total of 750 producing and injection wells [1] - EON Resources is currently producing over 1,000 barrels of oil per day [1]