Highest-materiality recent filing
FY2025 revenue $17M (vs $19M in 2024); net oil production flat at 250K bbls; average oil price $13/bbl lower.
EON Resources fails to file 2025 10-K on time, receives NYSE American delisting notice
NYSE American notice received April 16, 2026 for failure to timely file FY2025 Form 10-K by April 15, 2026.
EON Resources restates 2023-2025 financials after SEC review of NCI accounting
Audit committee determined financial statements for 2023, 2024, and quarterly periods in 2024-2025 should no longer be relied upon.
Closed $20M senior debt retirement, $7M settlement of $20M note, and $27M preferred unit conversion to 1.5M shares.
EON Resources Q3 net income $5.6M; retired $41M debt, eliminated preferred, equity up $22.7M
Record Q3 net income of $5.6M vs losses in Q1 and Q2; revenue $4.36M consistent.
EON closes $45.5M funding, retires $19.3M senior debt, signs San Andres farmout
Raised $45.5M via 15% perpetual ORRI in GJF ($20M) and 5% ORRI in San Andres ($20.5M) plus $5M from Virtus for farmout.
Q2 2025 total revenue $4.6M (flat QoQ, +$850K vs Q4 2024); lease operating expenses declined to $665K/month.
Gross BOPD averaged 835 in Q2 (down from ~935), rebounding to 935 run-rate late June; expects +100 BOPD in August from well work.
EON Resources issues $600K convertible note to White Lion Capital with additional $600K option
Issued $600K convertible promissory note to White Lion on July 11, 2025, for net proceeds of $564K.
EON Resources acquires South Justis Field in Permian for 1M shares; sees $1.2M annual cash flow
Acquired South Justis Field on June 20, 2025 for 1M shares (value ~$525k); 94% WI, 82% NRI.
EON Resources acquires South Justis Field in Permian Basin for 1M shares; 108 BOPD
EON Energy acquires 94% working interest in South Justis Field (Lea County, NM) for 1M shares of Class A Common Stock; no cash or debt.
EON Resources amends Pogo deal: cash cut to $20.5M, stock to 1.5M shares, close by July 2025
Cash obligation reduced $1.5M to $20.5M; stock consideration halved from 3M to 1.5M shares.
EON Resources Q1 revenue $4.6M, income from ops $1.8M; debt restructuring to cut ~$40M debt
Q1 revenue $4.6M (up $850K from Q4); income from operations $1.8M.
EON Resources auditor Marcum resigns; CBIZ CPAs engaged as new independent accountant
Marcum resigned as independent auditor on May 13, 2025; no adverse opinions or disagreements in FY2023 or FY2024.
EON Resources exchanges $2.9M notes and 3.95M warrants for $6.85M convertible notes due 2028
Issued $6,850,000 aggregate principal of convertible notes to 11 accredited investors in exchange for $2,900,000 Old Notes and 3,950,000 Old Warrants.
EON Resources FY2024 revenue $19.4M; enters deal to eliminate ~$40M debt with Pogo Royalty
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).
EON Resources posts FY2024 net loss of $9.1M on $19.4M revenue
FY2024 revenue $19.4M; net loss $9.08M; Q4 revenue $3.7M.
Error involved clerical mistake in fair value adjustment of forward purchase agreement liability with Meteora entities.
EON Resources outlines plan to add $40M shareholder value via Term ORRI and seller settlement
Company will use Term ORRI (oil production) to pay $22M seller consideration, adding $40M net value with no stock dilution.
Preliminary assessment identifies 50 horizontal well locations with potential recovery of 20 MMbo and 16.4 Bcf of natural gas.
EON Resources enters agreement to restructure balance sheet, eliminate ~$40M in obligations
Agreement includes purchase of 10% ORRI for $14M cash, retirement of Seller Note (reduced to $8M plus interest waiver), and repurchase of preferred units for 3M shares of Class A common stock.
EON Resources exchanges $400K debt and 950K warrants for $1.35M convertible notes due 2028
Seven accredited investors exchanged $400K of old notes and 950,000 warrants for $1.35M convertible notes.
EON Resources Q3 2024 revenue $7.4M; net loss $3.8M on non-cash charges
Total Q3 2024 revenue $7.4M; excluding hedging derivatives, core revenue $5.5M, highest quarterly to date.
EON Resources issues ~573k shares and 1.2M warrant to settle debts and pay vendors
Issued 60k shares to former CEO Diego Rojas under separation; 75k to Mike Porter for consulting; 27,963 to pledgors for securing letters of credit.
HNR Acquisition Corp receives NYSE American delisting notice; amends loan agreement
Failed to timely file FY2023 10-K by April 16, 2024; six-month cure period through Oct 16, 2024.
HNRA amends White Lion equity line: 440K commitment shares, resale cap, term to 2026
Entered Amendment No. 1 to Common Stock Purchase Agreement with White Lion Capital, LLC.
HNR Acquisition Corp appoints Dante Caravaggio as CEO and director; Diego Rojas resigns
Diego Rojas resigned as CEO and director effective Dec 17, 2023; receives $96k severance and 60k shares of Class A Common.
HNRA closes acquisition of Pogo Resources; $49.4M redeemed by public shareholders
Consideration: ~$31.1M cash, 2M OpCo Class B units ($10/unit), $15M seller note, 1.5M OpCo preferred units, and $1.93M from production proceeds.
Stockholders approved MIPA, Incentive Plan, NYSE American Rule 713(a), and Charter proposals at Nov 13 special meeting.
HNR Acquisition Corp adjourns special meeting to Nov 13; 4.48M public shares redeemable upon close
Special meeting on business combination adjourned to Nov 13, 2023; only adjournment proposal was voted and approved.
HNR Acquisition Corp amends deal to acquire Pogo Resources for up to $63M cash plus equity
Amended & Restated MIPA signed Aug 28 to buy 100% of Pogo Resources in an Up-C structure.
On January 29, 2024, HNR Acquisition Corp (the “Company”), announced that Mark H. Williams, age 54, was hired as Corporate Controller and Vice President of Finance and Administration.
On December 17, 2023, Diego (Dean) Rojas amicably resigned as Chief Executive Officer and member of the Board of Directors of HNR Acquisition Corp
On December 17, 2023, the Company’s Board of Directors appointed Dante Caravaggio, age 66, to fill the vacancy created by Mr. Rojas’ resignation. In addition, the Company’s Board of Directors appointed Mr. Caravaggio as the Company’s Chief Executive Officer and President.
Donald W. Orr resigned from his positions as HNRA President and Director
Donald H. Goree resigned from his position as HNRA’s Chief Executive Officer, Chief Financial Officer, Chairman, and Director
Max materiality 0.85 · Median 0.60 · Most common event other_material