$EONR

EON Resources Inc.

CIK:0001842556|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Revenues
Gain (loss) on derivative instruments, net	$ 663,010	$ (850,374)
Other revenue	383,196	487,109
Total revenues	16,936,564	19,418,919
Expenses
Production taxes, transportation and processing	1,626,360	1,715,792
Lease operating	10,274,781	8,614,080
Depletion, depreciation and amortization	6,710,092	2,407,098
Accretion of asset retirement obligations	46,426	144,988
General and administrative	12,080,450	10,381,095
Total expenses	30,738,109	23,263,053
Operating income (loss)	(13,801,545)	(3,844,134)
Other Income (expenses)
Change in fair value of warrant liability	(152,490)	(804,004)
Change in fair value of convertible note liability	(131,677)	(192,744)
Change in fair value of FPA liability		561,099
Change in fair value of derivative liability	(2,070,278)
Change in fair value of derivative liability, related party	341,000	(746,000)
Amortization of debt discount	(1,475,191)	(2,361,627)
Interest expense	(4,892,170)	(7,643,200)
Interest income	49,700	58,793
Gain on extinguishment of liabilities	540,347	1,638,138
Gain/Loss on sale of assets	13,379,040
Other Income (expense)	201	36,989
Total other income (expenses)	5,588,482	(9,452,556)
Loss before income taxes	(8,213,063)	(13,296,690)
Income tax (provision) benefit	(1,913,554)	3,470,407
Net income (loss)	(10,126,617)	(9,826,283)
Net (income) loss attributable to noncontrolling interests	28,535	1,697,604
Net income (loss) attributable to EON Resources, Inc.	$ (10,098,082)	$ (8,128,679)
Weighted average share outstanding, common stock - basic (in Shares)	31,191,907	6,477,052
Weighted average share outstanding, common stock - diluted (in Shares)	31,191,907	6,477,052
Net income (loss) per share of common stock – basic (in Dollars per share)	$ (0.32)	$ (1.25)
Net income (loss) per share of common stock – diluted (in Dollars per share)	$ (0.32)	$ (1.25)
Crude oil
Revenues
Revenues	$ 15,621,918	$ 19,298,698
Natural gas and natural gas liquids
Revenues
Revenues	$ 268,440	$ 483,486

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Statement of Cash Flows [Abstract]
Net income (loss)	$ (10,126,617)	$ (9,826,283)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization expense	6,710,092	2,407,098
Accretion of asset retirement obligations	46,426	144,988
Equity-based compensation	1,067,140	2,778,991
Deferred income tax provision (benefit)	1,266,659	(3,470,407)
Amortization of debt issuance costs	1,475,191	2,361,627
Gain on extinguishment of liabilities	(540,347)	(1,638,138)
Change in fair value of unsettled hedging derivatives	43,063	361,290
Change in fair value of convertible note liability	131,677	192,744
Change in fair value of warrant liability	152,490	804,004
Change in fair value of derivative liability	2,070,278
Change in fair value of derivative liability, related party	(341,000)	746,000
Change in fair value of forward purchase agreement		(561,099)
Loss on put option liability
Gain on sale of Oil and Gas properties	(13,379,040)
Accounts receivable	344,321	411,240
Prepaid expenses and other assets	(481,643)	423,116
Purchase of plugging and abandonment insurance bonds	(1,891,348)
Accounts payable	(458,308)	3,024,413
Accounts payable – related parties	(337,567)	(316,651)
Accrued liabilities and other	4,898,434	3,018,930
Royalties payable	1,837,244	2,729,398
Royalties payable, related party	(132,563)	109,425
Net cash (used in) provided by operating activities	(7,645,418)	3,700,686
Investing activities:
Development of crude oil and gas properties	(6,563,949)	(3,555,062)
Purchases of oil and gas properties	(13,675,000)
Purchases of other equipment		(20,000)
Proceeds from Sale of ORRI on leasehold	45,500,000
Net cash provided by (used in) investing activities	25,261,051	(3,575,062)
Financing activities:
Proceeds from issuance of convertible debt	561,120
Repayments of long-term debt	(29,215,898)	(3,984,286)
Proceeds of short-term notes payable	3,312,550	1,298,200
Repayment of short-term notes payable	(3,572,179)	(989,018)
Proceeds from related party notes payable		450,000
Repayment of related party notes payable		(62,750)
Proceeds from sale of common stock	8,502,252	2,628,334
Proceeds from related party loans	200,000
Net cash used in financing activities	(20,212,155)	(659,520)
Net change in cash and cash equivalents	(2,596,522)	(533,896)
Cash and cash equivalents at beginning of period	2,971,558	3,505,454
Cash and cash equivalents at end of period	375,036	2,971,558
Cash paid during the period for:
Interest on debt	3,345,169	6,146,139
Income taxes
Amounts included in the measurement of operating lease liabilities
Supplemental disclosure of non-cash investing and financing activities:
Shares issued for acquisition of O&G Lease	547,600
Accrued purchases of property and equipment at period end	308,700	2,540,703
Shares issued for prepaid O&G equipment	547,600
Class B exchanged for Class A	3,385,000	8,801,000
Establishment of ARO liability for new lease	130,076
Capitalization of additional ARO Liability for changes in future cash flows	55,360
Shares issued for conversion of notes payable	8,485,428
Shares issued for buyout of NCI	17,012,649
Capital Contribution for related party extinguishment	13,440,406
Derivative liability converted to common stock	3,440,412
Derivative liability added as debt discount on issuance of new convertible notes payable	$ 171,561

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 375,036	$ 2,971,558
Accounts receivable
Crude Oil and natural gas sales	1,405,032	1,777,846
Other	32,911	4,418
Short-term derivative instrument asset	63,334	106,397
Prepaid expenses and other current assets	1,199,129	298,886
Total current assets	3,075,442	5,159,105
Crude oil and natural gas properties, successful efforts method:
Proved Properties	90,443,361	100,285,138
Accumulated depreciation, depletion, and amortization	(8,491,565)	(2,759,226)
Total oil and natural gas properties, net	81,951,796	97,525,912
Other property, plant and equipment, net	20,000	20,000
Other noncurrent assets	1,891,348
TOTAL ASSETS	86,938,586	102,705,017
Current liabilities
Accounts payable	8,351,450	8,870,324
Accounts payable – related parties	107,782	445,349
Accrued liabilities and other	9,784,912	7,923,613
Revenue and royalties payable	5,028,415	3,191,171
Revenue and royalties payable - Related Parties		132,563
Deferred underwriting fee payable		1,065,000
Current portion of related party notes payable, net of discount		3,556,750
Current portion of warrant liability		5,681,849
Current portion of long term debt	1,617,337	5,524,160
Total current liabilities	24,889,896	36,390,779
Long-term debt, net of current portion and discount		33,286,385
Related party notes payable	200,000
Convertible note liability	811,486	891,364
Convertible note liability, related party	1,250,000
Derivative liability	407,366
Derivative liability, related party	2,309,000	2,650,000
Deferred tax liability	3,959,392	2,692,733
Asset retirement obligations	1,281,147	1,049,285
Other liabilities	675,000	675,000
Total non-current liabilities	10,893,391	41,244,767
Total liabilities	35,783,287	77,635,546
Commitments and Contingencies
Redeemable common stock, $0.0001 par value; 400,000 shares outstanding subject to redemption at $15.00 per share as of December 31, 2025 and 2024, respectively	800,000	800,000
Stockholders’ equity
Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at December 31, 2025 and 2024, respectively
Additional paid in capital	87,118,006	30,512,043
Accumulated deficit	(36,767,880)	(26,669,798)
Total stockholders’ equity attributable to Eon Resources, Inc.	50,355,299	3,843,287
Noncontrolling interest		20,426,184
Total stockholders’ equity	50,355,299	24,269,471
Total liabilities, MEZZANINE EQUITY and stockholders’ equity	86,938,586	102,705,017
Class A Common Stock
Stockholders’ equity
Common stock value	5,173	992
Class B Common Stock
Stockholders’ equity
Common stock value		$ 50