earnings
confidence high
sentiment positive
materiality 0.85
EON Resources Q3 net income $5.6M; retired $41M debt, eliminated preferred, equity up $22.7M
EON Resources Inc.
2025-Q3 EPS reported
$0.07
revenue$13,512,087
- Record Q3 net income of $5.6M vs losses in Q1 and Q2; revenue $4.36M consistent.
- Closed $45.5M funding Sep 9, 2025; retired $20M senior debt and $15M seller note, eliminated $27M preferred shares.
- Shareholder equity up $22.7M to $60.9M; long-term debt reduced to $0 from $30.9M.
- Farmout with Virtus: up to 90 horizontal wells, 10-20 per year; EON retains 35% WI; NPV-10 ~$95M net to EON.
- First three wells by mid-2026; Virtus covers costs; peak gross >20,000 BOPD; EON net 7,000 BOPD.