Strategic Initiatives Update - Amplify Energy Corp. is focused on simplifying its portfolio, becoming more oil-weighted, reducing debt, lowering operating costs, and streamlining the organization [2][3] - The company has engaged TenOaks Energy Advisors to explore market interest for the complete divestiture of its assets in East Texas and Oklahoma, with offers expected later in Q3 2025 [5] - Amplify divested its non-operated assets in the Eagle Ford for $23 million, which closed on July 1, 2025 [5] Key Financial Results - In Q2 2025, Amplify reported net income of approximately $6.4 million, a significant improvement from a net loss of $5.9 million in the prior quarter, primarily due to a gain on commodity derivatives [8][10] - Adjusted EBITDA for Q2 2025 was $19.0 million, comparable to the previous quarter despite lower commodity prices [9][10] - Average daily production increased to 19.1 MBoepd, up approximately 7% from the prior quarter [6][10] Production and Operations - The company completed the C54 well at Beta, which has cumulative gross production of 90,000 barrels of oil and is currently producing approximately 850 gross Bopd [6][7] - In East Texas, four non-operated wells were brought online, currently producing 13 Mmcfe/d net to Amplify's interest, with expected payback in less than 18 months and IRRs greater than 45% [6][28] - The product mix for Q2 2025 was 48% crude oil, 16% NGLs, and 36% natural gas, reflecting a strategic increase in oil weighting [15] Capital Investment and Guidance - Cash capital investment in Q2 2025 was approximately $25.5 million, with a focus on development drilling and facility projects at Beta [22][23] - Amplify plans to invest approximately 95% of its 2025 capital by the end of Q3 2025, with a significant decrease in capital investments expected in the second half of the year [22][32] - Updated full-year 2025 guidance includes net average daily production estimates of 18.5 to 20.0 MBoe/d and an Adjusted EBITDA range of $80 to $100 million [32][33] Hedging and Liquidity - Amplify maintains a robust hedge book, recently adding crude oil swaps for 2026 and 2027 at a weighted average price of $62.79 [35] - As of June 30, 2025, total debt was $130 million, with a net debt to LTM Adjusted EBITDA ratio of 1.5x [11][13]

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Core Insights - SM Energy reported strong operational performance in Q2 2025, with record production and earnings exceeding market expectations [1][5][7] - The company achieved adjusted earnings per share of $1.50, surpassing the analyst consensus of $1.25, and revenue of $785.1 million, slightly above the $781.6 million estimate [1][2] - The integration of Uinta Basin assets significantly contributed to production growth, with net production reaching 19.0 million barrels of oil equivalent [1][6] Financial Performance - Adjusted EBITDAX increased by 17% year-over-year, reflecting improved operational efficiency [2][7] - Net cash provided by operating activities totaled $571.1 million, a 19.9% increase from the previous year [2][7] - The company reported a net debt of $2.63 billion as of June 30, 2025, with a goal to reduce net debt to adjusted EBITDAX to 1.0x by year-end [7] Production and Costs - Net production reached 19.0 million barrels of oil equivalent, averaging 209.1 thousand barrels per day, a 32% increase year-over-year [5][6] - Lease operating expenses per barrel increased by 15% quarter-over-quarter, and transportation costs more than doubled year-over-year [8] - Capital expenditure guidance was raised by approximately $75 million, reflecting increased spending on non-operated projects [8][13] Strategic Focus - The company is focused on integrating and optimizing Uinta Basin assets to enhance production efficiency and strengthen its balance sheet [3][4] - Hedging strategies are in place, with approximately 45% of oil and natural gas volumes hedged for the latter half of 2025 [10] - The company aims to prioritize debt reduction and operational efficiency while managing cost pressures [14] Market Factors - Realized oil prices averaged $62.04 per barrel, while gas prices were $2.15 per thousand cubic feet [9] - The company sold about 15-20% of Uinta oil to local refineries, reducing transportation costs [9] - The estimated cash tax payments for 2025 were reduced to approximately $10 million, improving near-term cash flow [11] Future Guidance - Production guidance remains unchanged at 200-215 thousand barrels of oil equivalent per day, with an increased oil cut expectation of 53-54% [13] - Capital spending guidance is now approximately $1.375 billion, primarily for non-operated projects [13] - Management emphasizes operational efficiency and capital discipline as key themes moving forward [14]

As filed with the Securities and Exchange Commission on August 1, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of Registrant as specified in its charter) FORM S-1 Delaware 1311 85-4359124 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EON Resources Inc. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box: ☒ If ...

As filed with the Securities and Exchange Commission on August 1, 2025 Registration No. 333- REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EON Resources Inc. (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Delaware 1311 85-4359124 (State or other jurisdiction of (Primary Standard Industrial (IRS Employer incorporation or organization) Classification Code Number) Identification No.) 3730 Kirby Drive, Suite 1200 ...

Group 1 - The Andersons, Inc. (NASDAQ: ANDE) is identified as a value play with potential upside from ethanol but is also exposed to risks associated with corn prices [1] - Tyson Foods (NYSE: TSN) stands to benefit from lower corn prices due to reduced feed costs, indicating a favorable position in the current market [1] Group 2 - The analysis emphasizes a mix of fundamental valuation and technical analysis in evaluating companies, particularly those in the technical sector that meet valuation criteria and have growth potential [1] - The author expresses a keen interest in understanding how society is adapting to economic, societal, and environmental pressures, which may influence investment decisions [1]

Market Volatility & Hedging Strategy - The market exhibits complacency with the VIX around 17%, presenting an opportunity for investors to hedge downside risk relatively inexpensively using out-of-the-money options [2][3] - Buying a 610 put on SPY or 6100 on SPX expiring in August would cost approximately 1% of the portfolio's value, offering significant downside protection [3][6] - Investors can offset the cost of downside protection by selling covered calls, potentially collecting close to 05% of the portfolio's value in the next 30 days [6][7] Trade War Scenarios & Options Plays - In a scenario where the EU and India don't make a deal and retaliate with tariffs, buying out-of-the-money put options is a simple way to hedge against this worst-case scenario [4][5] - If the trade deal deadline is extended, investors can roll out their options to September, continuously harvesting premium by selling upside calls and using the proceeds to buy downside put protection [8][9][10] - If countries capitulate and make a deal, the market is likely to react positively, and investors could consider selling downside puts and using the proceeds to fund buying upside calls for upside participation [11][12][13]

Earnings Season Outlook - The options market implies JP Morgan's stock price will move approximately 3% on the day of its earnings report and about 3.6% by the end of the week, aligning with the eight-quarter average [1] - Netflix is expected to experience a stock price move of around 8% following its earnings release [1] Trading Strategy - A put spread collar strategy is suggested for a broadly held stock, involving buying 1225 puts, selling 1125 puts, and selling 1325 calls for August 22nd weekly options [3] - This strategy offers approximately 8% upside potential and 8% downside protection, corresponding to the implied move, with the expectation of "ball crush" after [3] Company Analysis - One company is described as an "unregulated utility" with a great business model, but its stock price is extended relative to its 150-day moving average [2] - Hedging is recommended for this company going into earnings due to its widespread ownership [2]

Core Viewpoint - The market has shown declining interest in oil stocks over the past year, with Devon Energy, Diamondback Energy, and Vitesse Energy experiencing stock price declines, yet they now offer attractive dividend yields and price-to-free cash flow multiples [1]. Group 1: Market Sentiment and Oil Prices - The oil price environment has been volatile, particularly following geopolitical events such as Israel's attack on Iran, which caused a spike in oil prices [3]. - Prior to this spike, oil prices were trading in the low-to-mid $60 per barrel range, with negative sentiment driven by slower economic growth and OPEC's decision to increase production [5]. - The negative sentiment towards oil intensified after spring events, prompting companies to adjust their capital expenditures [7]. Group 2: Company Responses to Market Conditions - Vitesse Energy implemented a 32% cut in planned capital expenditures to preserve returns and maintain financial flexibility amid commodity price volatility [7]. - Diamondback Energy reduced its planned capital expenditures for 2025 from a range of $3.8 billion to $4.2 billion down to $3.4 billion to $3.8 billion [7]. - Devon Energy has not made specific adjustments but is monitoring the macro environment and retains flexibility in its capital programs [8]. Group 3: Hedging Strategies - Following the recent oil price spike, there was a significant increase in hedging activities among oil companies, with independent oil companies likely taking advantage of the price surge [9]. - All three companies have integrated hedging into their capital allocation strategies to ensure returns to investors through dividends and share buybacks [11]. - Vitesse had 61% of its remaining oil production hedged at an average price of $70.75 per barrel as of March [13]. - Diamondback has downside protection in place at $55 per barrel, allowing for upside exposure above this price [14]. - Devon Energy had over 25% of its expected 2025 oil production hedged, projecting significant free cash flow at various oil price levels [16]. Group 4: Dividend Security and Investment Opportunities - Diamondback and Devon Energy's dividends appear secure, with potential for increased discretionary dividends, share buybacks, or debt repayment [18]. - The hedging strategies employed by these companies enhance the security of their dividend payouts, providing passive income investors with confidence in their investments [18].

Summary of Conference Call Company Overview - The company has focused on identifying, owning, and developing high return assets while maintaining a leadership position in sustainability and stewardship [1][2] - The company operates primarily in the Lower 48 states and emphasizes operational execution and capital efficiency [2] Key Highlights Operational Performance - The company has a strong track record in geoscience and engineering, which has allowed it to identify and exploit overlooked opportunities in various basins [2][3] - In Howard County, the number of horizontal wells increased from 79 to over 4,900 in less than a decade, demonstrating significant growth and attractive economics [4] - The Austin Chalk play in Webb and Dimmit Counties saw breakeven prices drop from $80 per barrel to $44, showcasing the impact of technology and improved understanding of the geology [5][6] Uinta Basin Development - The Uinta Basin is viewed as the next significant opportunity, with extensive data from over 8,500 vertical wells aiding in derisking [7][8] - The company has about 200 horizontal wells in the lower cube of the Uinta Basin, with competitive margins similar to the Permian Basin [9] - The integration of operations in the Uinta Basin has led to improved capital efficiency and record pumping times [17][18] Technology and Optimization - The company employs advanced technology and data analysis to optimize well designs, resulting in better performance compared to peers [10][12] - Cumulative oil production per 10,000 feet of lateral was reported to be 32% better in Howard County and 42% better in the Austin Chalk compared to peer-operated wells [13] Financial Strategy - The company aims to maximize free cash flow while managing capital allocation across different basins [24][30] - Hedging strategies have been enhanced, with over 40% of oil hedged for the next year to mitigate risks associated with commodity price volatility [26][29] - The company plans to focus on debt repayment before resuming stock buybacks, with a target of achieving a 1x leverage ratio [22][50] Industry Context - The company is navigating a challenging macroeconomic environment with lower oil prices and economic uncertainty, but maintains its operational budget [23][24] - There is a measured approach to capital allocation, with potential shifts towards gas-focused plays if market conditions improve [30][32] Additional Insights - The company has seen slight cost deflation in specific service areas, but labor costs remain unchanged [55] - The use of simul frac technology is being maximized where feasible, particularly in the Uinta Basin [58][59] - The company has a strong ESG score, ranking number one among oil-focused operators [21] Conclusion - The company is well-positioned to capitalize on its operational strengths and technological advancements while navigating the current market challenges. The focus on capital efficiency, debt reduction, and strategic hedging will be crucial for future growth and shareholder value creation.