EON Resources Inc. Reports Strong Third Quarter Results

EON Resources Inc., an independent upstream energy company, announced a record net income of $5.6 million for the third quarter of 2025. The company successfully retired $41 million in debt and redeemed preferred shares valued at $27 million, leading to a $22.7 million increase in shareholder equity. These achievements resulted from a $45.5 million funding deal, including a farmout agreement with Virtus Energy Partners for horizontal drilling in the San Andres formation.

EON's Grayburg-Jackson Field, comprising 750 wells, demonstrated stabilized production while maintaining reduced lease operating expenses. Under the new farmout agreement, Virtus acquired a 65% working interest for $5 million, planning to drill up to 90 horizontal wells, which will significantly enhance EON's oil production capacity.

Financially, EON's revenues and expenses remained consistent, while interest expenses were reduced by $500,000 through debt retirement. Additionally, asset sales and debt forgiveness contributed to substantial one-time gains. With these strategic moves, EON is poised for future growth and profitability.