Company Overview - EON Resources Inc has a world-class Permian asset with 1 billion original barrels in place[4] - The company reduced the purchase price of an $80 million asset from $120 million to $60 million, eliminating approximately $40 million in debt and obligations[4] - EON Resources Inc. identified 50 well locations in the San Andres with an estimated recovery of 300 to 400 BOPD per well[6] Financial Performance - Total revenues for the year-to-date (YTD) reached $19418919[8] - Cash-based revenues averaged approximately $5 million per quarter[8, 9] - Net income for the year-to-date (YTD) was a loss of $9080283[8] - General and administrative expenses totaled $10381095 for the year-to-date (YTD)[8] Operational Highlights - The company's hedging position was over 70% at $70 for 2024 and is responsibly hedged at 70% at $70 or higher for all of 2025[11] - The balance of Reserve Based Loan was $23 million[21] - There were 162 million warrants outstanding that are convertible to 125 million Class A shares at an exercise price of $1150[22]
EON Resources Inc.(EONR) - 2025 Q1 - Earnings Call Presentation