EON Resources Inc. (NYSE American: EONR) Q1 2025 Earnings | May 22, 2025

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EON Resources Inc. (NYSE American: EONR), an independent upstream energy company with oil and gas properties in the Permian Basin, reported its Q1 2025 financial results on May 22, 2025. Total revenue for the quarter was $4.6 million, up $850,000 from Q4 2024, driven by higher oil and gas prices and improved operational performance. The company achieved income from operations of $1.8 million, reflecting significant cost reductions and operational upgrades following the acquisition of LH Operating, LLC. EON’s earnings per share (EPS) for the quarter was -$0.11, beating analyst expectations by $0.10, while its net loss narrowed by more than 62% year-over-year to approximately $1.75 million. Lease operating expenses dropped to $683,000 per month, and general and administrative costs—including salaries, professional fees, and insurance—were meaningfully reduced compared to prior quarters. Interest expense fell to $1.7 million due to note conversions and principal reductions on senior debt. A key development was the agreement with Pogo Royalty, LLC to eliminate approximately $40 million in debt and obligations, in exchange for $22 million in cash and 3 million shares of Class A common stock, expected to close in June 2025. EON also expanded its funding agreement with Enstream Capital and identified 50 horizontal drilling locations with the potential for 20 million barrels of untapped oil, with drilling set to begin in Q1 2026. The company has hedged 70% of its oil production at $70 per barrel or higher through the end of 2025, providing downside protection amid market volatility. EON ended the quarter with $3.07 million in cash but faced a working capital deficit of just under $28 million, highlighting ongoing liquidity challenges. Management remains focused on further cost optimization, infrastructure improvements, and leveraging technology for operational efficiency. The company is targeting renewed growth and profitability in 2025 as it executes its strategic plan. Outlook: Closing of Pogo Royalty transaction to eliminate $40 million in debt expected in June 2025 Start of horizontal drilling program in Q1 2026 targeting significant new reserves Continued focus on cost reduction, operational efficiency, and hedging strategy Addressing liquidity challenges through funding agreements and potential equity issuance About Inside Ticker: For more expert analysis and real-time updates on EON Resources Inc. (NYSE American: EONR) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #EONResources #EONR #Q12025 #Earnings #OilAndGas #PermianBasin #FinancialResults #DebtReduction #InsideTicker