earnings
confidence high
sentiment neutral
materiality 0.65
EON Resources Q3 2024 revenue $7.4M; net loss $3.8M on non-cash charges
EON Resources Inc.
2024-Q3 EPS
reported -$1.67
vs consensus -$0.36
▼ miss
(-367.8%)
- Total Q3 2024 revenue $7.4M; excluding hedging derivatives, core revenue $5.5M, highest quarterly to date.
- Q3 2024 net loss $3.8M; includes ~$6.0M non-cash charges; income from operations $2.0M.
- Nine-month 2024 revenue $15.7M, net loss $9.2M (incl. ~$5.0M non-cash charges).
- Cash & equivalents $2.7M at Sept 30, 2024; senior debt reduced by $2.9M since Nov 2023 acquisition.
- Operational: infrastructure upgrades, waterflood expansion; expect production growth in Q4 and 2025.