Latest news with #EONR
Associated Press
a day ago
- Business
- Associated Press
EON Resources Inc. Posts Updated Investor Deck and Q2 2025 Earnings Call Deck to the Company Website
HOUSTON, TX / ACCESS Newswire / August 19, 2025 / EON Resources Inc. (NYSE American:EONR) ('EON' or the 'Company') is independent upstream energy company with 20,000 leasehold acres comprised of two fields in the Permian Basin in southeast New Mexico. The fields have a total of 750 producing and injection wells producing over 1,000 barrels of oil per day. Today, the Company posted an updated investor deck and the second quarter of 2025 earnings call deck to the Company's website: About EON Resources Inc. EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties. EON's Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company's website: About the Grayburg-Jackson Oil Field Property LH Operating, LLC ('LHO'), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico. Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC ('Haas & Cobb' or 'Cobb'), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place ('OOIP') in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956 million barrels of oil. Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations, plus another 40 million barrels from the horizontal drilling program in the San Andres. With proven oil reserves of over 15 million barrels, combined with the potential 74 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate. About the South Justis Field Property The South Justis Field ('SJF') is a carbonate reservoir, similar to the rest of the Permian. The SJF was first developed in the 1960's and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990's by a major oil company had mediocre performance due to poor connectivity between wells, which indicates an opportunity for horizontal infill well drilling. The subsequent owners of the SJF had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells with good results increasing the production of oil. This indicates that there are a significant number of wells that can be reactivated to increase production on existing wells. The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with well spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON's Grayburg-Jackson Oil Field property. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ('OOIP') is approximately 207 million barrels of oil. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as 'expects,' 'believes,' 'anticipates,' 'intends,' 'estimates,' 'seeks,' 'may,' 'might,' 'plan,' 'possible,' 'should' and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see and with the Securities and Exchange Commission (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Investor Relations Michael J. Porter, President PORTER, LEVAY & ROSE, INC. [email protected] SOURCE: EON Resources Inc. press release
Associated Press
a day ago
- Business
- Associated Press
EON Resources Inc. Announces Results for the Second Quarter of 2025
HOUSTON, TX / ACCESS Newswire / August 19, 2025 / EON Resources Inc. (NYSE American:EONR) ('EON' or the 'Company') is independent upstream energy company with 20,000 leasehold acres comprised of two fields in the Permian Basin in southeast New Mexico. The fields have a total of 750 producing and injection wells producing over 1,000 barrels of oil per day. Today, the Company reports revenue and earnings for the second quarter of 2025. Positioned to Retire Senior Debt and Seller Settlement: Favorable funding arrangements expected to close in September creating $40 million in shareholder value. Advancing Horizontal Drilling Program: EON expects to drill up to 90 wells over a three to four year program potentially increasing reserves by up to $100 million in value. Acquired South Justis Field in June: Adds over 100 BOPD with potential of an additional 250 BOPD over the next year. Grayburg-Jackson Field Positioned to Expand Seven Rivers Zone Production: The infrastructure enhancements are nearing completion and three well service rigs are on-site to return idle wells to production and prepare for well recompletions. Financial highlights for the quarter ended June 30, 2025: 'During the quarter, we continued to execute on our operational strategy in the Permian Basin while navigating commodity price volatility,' said Dante Caravaggio, President and CEO, EON. 'Our focus remains on cost discipline, increasing production levels, and leveraging our hedge positions to manage risk, as well as integrating our acquisition of the South Justis Field.' 'On the Grayburg-Jackson Field, we continued our program in the second quarter to perform larger acid treatment using proprietary chemicals to clean up wellbore damage and increase long-term production' said Jesse Allen, Vice President of Operations, EON. 'The result to date is an overall sustained production increase of 40 BOPD from 13 wells. These early results indicate we are undertaking the proper development to enhance our long-term production growth. The Company also contracted a second oil rig in June to help stabilize and increase production, and we expect to continue this program through August 2025 and complete down-hole failure repairs on 41 additional wells.' 'Regarding the recent acquisition of the South Justis Field, when we purchased the field, the production was approximately 108 barrels of oil per day,' Mr. Allen added. 'Due to safety concerns we reduced production to 88 barrels of oil per day, but this has been remedied and we are now producing 120 barrels of oil. We have a well service rig at the field to re-activate wells, and we expect production at the South Justis Field to continue to increase.' August 19, 2025 earnings call information EON will host a conference call on Tuesday, August 19, 2025, at 2:30 p.m. Eastern Time to review its second quarter 2025 financial results. Dante Caravaggio will chair the call; Mitchell B. Trotter Jesse Allen will also speak with shareholders and answer questions. Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 437628 Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 52885 About EON Resources Inc. EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement and other exploitation efforts on its oil and natural gas properties. EON's Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American:EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American:EONR WS). For more information on EON, please visit the Company's website: About the Grayburg-Jackson Oil Field Property LH Operating, LLC ('LHO'), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico. Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC ('Haas & Cobb' or 'Cobb'), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place ('OOIP') in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956 million barrels of oil. Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations, plus another 40 million barrels from the horizontal drilling program in the San Andres. With proven oil reserves of over 15 million barrels, combined with the potential 74 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate. About the South Justis Field Property The South Justis Field ('SJF') is a carbonate reservoir, similar to the rest of the Permian. The SJF was first developed in the 1960's and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990's by a major oil company had mediocre performance due to poor connectivity between wells, which indicates an opportunity for horizontal infill well drilling. The subsequent owners of the SJF had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells with good results increasing the production of oil. This indicates that there are a significant number of wells that can be reactivated to increase production on existing wells. The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with well spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON's Grayburg-Jackson Oil Field property. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ('OOIP') is approximately 207 million barrels of oil. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as 'expects,' 'believes,' 'anticipates,' 'intends,' 'estimates,' 'seeks,' 'may,' 'might,' 'plan,' 'possible,' 'should' and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see and with the Securities and Exchange Commission (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Investor Relations Michael J. Porter, President PORTER, LEVAY & ROSE, INC. [email protected] SOURCE: EON Resources Inc. press release
Yahoo
19-05-2025
- Business
- Yahoo
Eon Resources (EONR) Announces Q1 2025 Results
EON Resources Inc. (NYSEAMERICAN:EONR) reported its results for the first quarter of FY 2025 this week. Let's shed some light on the development. An oil rig pumping under the open sky of the Permian Basin. EON Resources Inc. (NYSEAMERICAN:EONR) is an upstream energy company focused on oil and gas properties in the Permian basin. The company posted its results for Q1 2025 on May 19. EON's cost-cutting measures seem to be bearing fruit, as its EPS of -$0.11 managed to beat estimates by a hefty $0.1. However, the company's revenue of $4.56 million fell below expectations by $4.56 million, despite surging by around $850,000 from Q4 of 2024. A notable aspect of EON Resources Inc. (NYSEAMERICAN:EONR) is that the company has contractually hedged approximately 70% of its oil production at $70 per barrel or greater through the end of CY 2025, granting it a significant advantage during the current market volatility. The company has also been increasingly focused on cutting costs, with its total expenses decreasing by almost 13% compared to the same period last year. As a result, the energy firm's net loss declined by over 62% YoY to approximately $1.75 million. EON Resources Inc. (NYSEAMERICAN:EONR) generated a positive cash flow from operations of around $1.83 million, ending Q1 with $3.07 million in cash. However, the company's working capital deficit stood at just under $28 million during the quarter, casting serious doubt on its ability to continue operations. EON plans to alleviate its doubt and strengthen its balance sheet by improving profitability through streamlining costs, maintaining active hedge positions for its proven reserve production, and the issuance of additional shares to investors. The company has a three-year Common Stock Purchase Agreement with a maximum funding limit of $150 million to fund its operations and growth, and reduce liabilities. As a result of the continued challenges, the stock of EONR has plunged by over 50% since the beginning of 2025. While we acknowledge the potential of EONR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EONR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
10-05-2025
- Business
- Business Insider
EON Resources files to sell 7.82M shares of Class A common stock for holders
17:34 EDT EON Resources (EONR) files to sell 7.82M shares of Class A common stock for holders Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
16-04-2025
- Business
- Yahoo
Why EON Resources Inc. (EONR) Is Losing This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where EON Resources Inc. (NYSEAMERICAN:EONR) stands against other energy stocks that are crashing this week. After an encouraging start to the year, the energy industry is now trailing just behind the general market. As of the writing of this piece, the overall energy sector has fallen by 8.31% since the beginning of 2025, against a decline of 8.04% by the wider market. The oil and gas industry has been hit particularly hard, sliding by 20.76% since the beginning of the year. The major reason behind this fall is the decline in the global prices of oil, which have plunged by a little over 15% since the beginning of 2025. The prospects of an economic slowdown following a global tariff war, coupled with the recent decision by OPEC+ to increase supply in May, have weighed down the global crude price. Moreover, the US Energy Information Administration (EIA) revealed in its latest report that it now projects global oil consumption to increase by 900,000 b/d in 2025 and 1 million b/d in 2026, down by 400,000 b/d and 100,000 b/d, respectively, from its initial forecast in March. The EIA has also forecasted the WTI price to average $63.88 per barrel this year before dropping to an average of $57.48 in 2026. The sharp decline in prices and the expected slowdown in demand growth have taken a toll on oil stocks and shaken investor confidence. A rig pumping oil in the midst of a sun-baked desert. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 8 to April 15, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Share Price Decline Between Apr. 8 and Apr. 15: 9.3% EON Resources Inc. (NYSEAMERICAN:EONR) is an upstream energy company focused on oil and gas properties in the Permian basin. The recent decline in the share price EON Resources Inc. (NYSEAMERICAN:EONR) could be a result of profit-taking by investors. EONR had previously surged following the announcement that the company had contractually hedged approximately 70% of its oil production, receiving between $70.1 to $70.5 per barrel. The hedges are established and fixed in volume and price for the next nine months, granting EON Resources a significant competitive advantage during the current market volatility. Overall, EONR ranks 7th on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EONR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
