secwatch.observer — SEC 8-K summary
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Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001213900-25-034357
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON Resources FY2024 revenue $19.4M; enters deal to eliminate ~$40M debt with Pogo Royalty
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- FY2024 revenue $19.4M (incl. -$850K hedging); income from operations $6.5M; G&A $10.4M (incl. $1.6M non-cash, $1.4M legal/audit).
- Agreement with Pogo Royalty to eliminate ~$40M debt: $22M cash + 3M shares for 10% royalty interest; closing expected by June 2025.
- Signed non-binding LOI with Enstream for $52.8M VMA to fund seller consideration, field development, and retire senior debt.
- Horizontal drilling study in San Andres identified 50 locations; each well ~$3.7M, 300-400 BOPD; start Q1 2026.
- Senior debt reduced from $28M to ~$23M; FPA terminated; short-term loans converted to long-term Convertible Notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025034357/0001213900-25-034357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025034357/ea0239206-8k_eonres.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-034357

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