# EDGAR Filing Document

**Accession Number:** 0001842556
**File Stem:** 0001213900-25-078149
**Filing Date:** 2025-8
**Character Count:** 72907
**Document Hash:** ede9288eaf9a2e8f51c1ccdd3102260c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-078149.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001213900-25-078149

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 68

**CONFORMED PERIOD OF REPORT**: 20250819

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EON Resources Inc.
- **CENTRAL INDEX KEY:** 0001842556
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 854359124
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41278
- **FILM NUMBER:** 251229603

**BUSINESS ADDRESS:**
- **STREET 1:** 3730 KIRBY DRIVE, SUITE 1200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
- **BUSINESS PHONE:** 713.834.1145

**MAIL ADDRESS:**
- **STREET 1:** 3730 KIRBY DRIVE, SUITE 1200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HNR Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210126

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): August 19, 2025**

**EON RESOURCES INC.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41278** | **85-4359124** |
| **(State or other jurisdiction<br> of incorporation)** | **(Commission File Number)** | **(IRS Employer<br> Identification No.)** |

---

**3730 Kirby Drive, Suite 1200**

**Houston, Texas 77098**

**(Address of principal executive offices, including zip code)**

**(713) 834-1145**

**(Registrant's telephone number, including area code)**

**N/A**

**(Former name or former address, if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading symbol** | **Name of each exchange on which registered** |
| Class A Common Stock, par value $0.0001 per share | EONR | NYSE American |
| Redeemable warrants, exercisable for three quarters of one share of Class A Common Stock at an exercise price of $11.50 per share | EONR WS | NYSE American |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02 Results of Operations and Financial Conditions.**

On August 19, 2025, EON Resources Inc. (the "Company") issued a press release in which the Company provided certain second quarter 2025 financial results. A copy of this press release is included as Exhibit 99.1 to this Current Report on Form 8-K.

On August 19, 2025, the Company uploaded a presentation to its website related to certain second quarter 2025 financial results. A copy of the presentation is included as Exhibit 99.2 to this Current Report on Form 8-K.

**Item 7.01 Regulation FD Disclosure.**

The Company 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. To access the conference call, go to https://www.webcaster4.com/Webcast/Page/2999/52885. An audio webcast of the conference call will be available within two hours of the call on the EONR website.

In addition, attached as Exhibit 99.3 is an updated investor presentation for use by the Company in meetings with certain of its stockholders, investors, and other persons, following release of the Company's second quarter 2025 financial results.

The information in Item 2.02 and this Item 7.01 and in Exhibits 99.1, 99.2, and 99.3 attached hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

The following exhibits are being filed herewith:

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| 99.1 | [Press Release of EON Resources, Inc. issued on August 19, 2025.](ea025377501ex99-1_eonres.htm) |
| 99.2 | [Earnings Release Presentation dated August 2025.](ea025377501ex99-2_eonres.htm) |
| 99.3 | [Investor Presentation updated as of August 2025.](ea025377501ex99-3_eonres.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| August 19, 2025 | **EON Resources Inc.** | **EON Resources Inc.** |
|  | By: | /s/ Mitchell B. Trotter |
|  | Name: | Mitchell B. Trotter |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**EON Resources Inc. Announces**

**Results for the Second Quarter of 2025**

**HOUSTON, TX / 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.

● The Company entered into an agreement (as amended, the "Seller Agreement") with Pogo Royalty,
LLC ("Seller"), which, when closed, will result in: (i) the restructure of the Company's balance sheet, eliminating
approximately $40 million in debt and obligations, and (ii) the purchase of a 10% Overriding Royalty Interest in all of the Company's
oil and gas properties in the Grayburg-Jackson Field. The closing is expected to occur in September 2025 and consideration to Seller is
agreed to be $20.5 million in cash and the issuance of 1.5 million shares of the Company's Class A common stock. The summary of
the Agreement with Seller can be found in the Press
Release on the Seller Agreement as Amended on the Company's website.

● EON signed an expanded non-binding Letter of Intent ("LOI") with Enstream Capital Management,
LLC ("Enstream") concerning a volumetric funding arrangement ("VMA") and revenue sharing for $52.8 million. EON
expects to use the funds for the consideration to Seller under the Seller Agreement, as well as for field development and retirement of
senior debt. A summary of the Enstream
LOI Press Release is available on the Company's website. We expect to close this transaction in September 2025.

**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.

● As announced in its Horizontal
Drilling Program Press Release, the Company conducted a study for horizontal drilling in the lower intervals of the San Andres formation
on the Company's Grayburg-Jackson Field ("GJF") which could yield up to 20 million untapped barrels of oil. The study
has identified 50 well locations to be drilled over several years, commencing in Q1 of 2026. Each well will cost approximately $3.7 million
to drill and is expected to produce 300 to 400 barrels of oil per day ("BOPD"). The Company is actively in discussions with
potential drilling partners to share in the working interest ownership, costs and related revenue.

**Acquired South Justis Field in June**: Adds over 100 BOPD with potential of an additional 250 BOPD over the next year.

● On June 20, 2025, EON acquired the South Justis Field ("SJF") for 1.0 million Class A common
shares of the Company without any cash consideration or debt. The Company will have a 94% working interest in the SJF. With the estimated
$1.2 million in net annual cash flow, the transaction is expected to be accretive. The SJF comprises 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. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals, which range
from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ("OOIP") is approximately 207 million barrels of oil. For
more details on the acquisition, see the Press
Release on the SJF Acquisition, the SJF Investor
Call Deck and the SJF Operations Web Page on the Company's website.

**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.

● Production improvement efforts include: enhanced acid formula treatments on 13 wells has resulted in an
increase of 40 BOPD; well servicing work has returned 27 wells to production; and deploying a third well service rig to the field in July
to return producing and injection wells to production.

● The focus on the GJF over the past year has resulted in infrastructure enhancements nearing completion
and stabilizing production. The Company's engineers have been using technology and science to analyze well logs and prior results
in an effort to increase production and identification of the best pay in the Seven Rivers formation. The Company's team has also
rolled out the use of an AI application for our well pumpers to improve efficiencies as described in the AI
Implementation Press Release on the Company's website.

**Financial highlights for the quarter ended June 30, 2025**:

● **Revenue** 

&nbsp;&nbsp;&nbsp;&nbsp;o Total revenue for the quarter was $4.6 million. Little changed from Q1 of 2025 and revenue was up approximately
$850K from Q4 of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;o As discussed in the July 24, 2025 Press
Release regarding preliminary results for Q2 of 2025, oil revenue from production was temporarily impacted in Q2 2025. The impact
was mitigated by the Company's hedging position. The Company recovered approximately $290K of cash, as approximately 75% of the
oil was hedged at $70.00 per barrel. The non-cash hedge portion had a positive revenue impact of approximately $500K.

&nbsp;&nbsp;&nbsp;&nbsp;o Our current oil production is 70%-plus hedged at a price of $70.00 per barrel or greater through the end
of CY 2025.

● **Field results** 

&nbsp;&nbsp;&nbsp;&nbsp;o The Company had income from operations of $1.1 million for the quarter.

&nbsp;&nbsp;&nbsp;&nbsp;o The lease operating expenses ("LOE") dropped to $665K per month for the quarter from the $718K
per month for the fiscal year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;o Capital expenditure for the second quarter was $730K.

● **General and administrative ("G&A") costs** 

&nbsp;&nbsp;&nbsp;&nbsp;o The overall G&A costs were an average of $670K per month for the first six months of 2025; this is
down from an average of $865 per month for the fiscal year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;o Salaries, fees and related costs for the first two quarters of 2025 are approximately $300K per quarter
lower as compared to fiscal 2024.

&nbsp;&nbsp;&nbsp;&nbsp;o Professional fees for legal, audit and consulting services for the second quarter of 2025 are $300K lower
than the fourth quarter of 2024. These costs are primarily incurred for reporting requirements, financing efforts and certain costs stemming
from various trailing legal matters.

● **Other income and expenses** 

&nbsp;&nbsp;&nbsp;&nbsp;o Interest expense of approximately $1.68 million in Q2 of 2025 is $ approximately 65K lower than Q1 of
2025 due to note conversions; this is on account of our efforts to clean-up the balance sheet and the reduction of the principal balance
of the Company's senior reserve-based loan.

&nbsp;&nbsp;&nbsp;&nbsp;o The approximately net $190K of income for non-cash impacts primarily include approximately $332K for the
amortization of financing costs, and approximately $207K gain from settling the warrants for the convertible notes.

"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.

● **To listen to a live broadcast**: An audio Webcast of the conference call will be available within
two hours of the call on August 19, 2025. To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled
start to register and download and install any necessary software.

● **Earnings Call deck**: The earnings call deck will be posted to the Company's website prior to the
earnings call.

● **Earnings Call Webpage (information, webcast, telephone access, and replay)**: EON
Events

● **Webcast URL**: https://www.webcaster4.com/Webcast/Page/2999/52885
- (Replay expires August 19, 2026)

● **Telephone access**:

Toll Free: 888-506-0062

International: 973-528-0011

Participant Access Code: 437628

● **Teleconference Replay Number** (Expires September 2, 2025):

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: https://eon-r.com/.

**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 www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). 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.

mike@plrinvest.com

## Exhibit 99.2

**Exhibit 99.2**

![](ex99-2_001.jpg)

EON Resources Inc. NYSE American: EONR Corporate Slide Presentation August 2025

![](ex99-2_002.jpg)

Disclaimer • This presentation of EON Resources Inc . ("EON" or the "Company") shall not constitute a "solicitation" as defined in Rule 14 a - 1 of the Securities Exchange Act of 1934 , as amended . • This presentation is not an offer, or a solicitation of an offer, to buy or sell any investment or other specific product . Any offering of securities (the "Securities") will not be registered under the Securities Act of 1933 , as amended (the "Act"), and will be offered as a private placement to a limited number of institutional "accredited investors" as defined in Rule 501 (a)(1), (2), (3) or (7) under the Act or "qualified institutional buyers" as defined in Rule 144 A under the Act . Accordingly, the Securities must continue to be held unless the Securities are registered under the Act or a subsequent disposition is exempt from the registration requirements of the Act . Investors should consult with their legal counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Act . The transfer of the Securities may also be subject to conditions set forth in an agreement under which they are to be issued . Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time . EON is not making an offer of the Securities in any state where the offer is not permitted . • The information in this presentation may not be complete and may be changed at any time . Before you invest in the Company's securities, you should read the documents the Company has filed or may file with the SEC for more complete information about the Company . Copies of any such filing may be obtained for free by visiting the SEC website at www . sec . gov . Filings by EON with the SEC may also be viewed through links on the EON website at EON - R . com . • This presentation is not intended to form the basis of any investment decision by the recipient and does not constitute investment, tax or legal advice . No representation or warranty, express or implied, is or will be given by the Company or any of its affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this presentation or any other written, oral or other communications transmitted or otherwise made available to any party and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto . Accordingly, none of the Company or any of its affiliates, directors, officers, employees or advisers or any other person shall be liable for any direct, indirect or consequential loss or damages suffered by any person as a result of relying on any statement in or omission from this presentation and any such liability is expressly disclaimed . • The financial information and data contained in this presentation is unaudited and does not conform to Regulation S - X promulgated by the SEC . Accordingly, such information and date may not be included in, may be adjusted in, or may be presented differently in, any proxy statement, prospectus or other report or document to be filed or furnished by EON with the SEC . Certain financial measures in this presentation are not calculated pursuant to U . S . generally accepted accounting principles ("GAAP") . These non - GAAP financial measures are in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with GAAP . There are a number of limitations related to the use of these non - GAAP financial measures as compared to their nearest GAAP equivalents . For example, other companies may calculate non - GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the non - GAAP financial measures herein as tools for comparison . • Certain statements contained in this presentation relate to the historical experience of our management team . An investment in the Company is not an investment in any of our management team's past investments, companies or funds affiliated with them . The historical results of these persons, investments, companies, funds or affiliates is not necessarily indicative of future performance of the Company . • This Presentation may contain estimated or projected financial information, including, without limitation, EON 's projected revenue, gross operating profit, income before taxes and EBITDA for calendar years 2024 , 2025 , and 2026 . Such estimated or projected financial information constitutes forward - looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results . The assumptions and estimates underlying such estimated or projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information . See "Forward - Looking Statements" below . Actual results may differ materially from the results contemplated by the estimated or projected financial information contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a representation by any person that the results reflected in such estimates and projections will be achieved . T he independent registered public accounting firm of EON did not audit, review, compile, or perform any procedures with respect to the estimates or projections for the purpose of their inclusion in this presentation, and accordingly , did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this presentation . 2

![](ex99-2_003.jpg)

Disclaimer • Forward - Looking Statements • Statements in this presentation which are not statements of historical fact are "forward - looking statements" . Our forward - looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future . In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward - looking statements . The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward - looking statements, but the absence of these words does not mean that a statement is not forward - looking . All statements other than statements of historical fact included in this presentation are forward - looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks and uncertainties, and may include projections of our future financial performance based on our growth strategies, business plans and anticipated trends in our business . These forward - looking statements, are only predictions based on our current expectations and projections about future events . There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance, targets, goals or achievements expressed or implied in the forward - looking statements . These factors include, but are not limited to, those discussed in our Annual Report on Form 10 - K under Item 1 A "Risk Factors," and also discussed from time to time in our quarterly reports on Form 10 - Q, current reports on Form 8 - K, proxy statements, and other SEC filings including the following : (1) the financial and business performance of the Company, (2) the Company's abilities to execute its business strategies, (3) the level of production on our properties, (4) overall and regional supply and demand factors, delays, or interruptions of production, (5) competition in the oil and natural gas industry, (6) risks associated with the drilling and operation of crude oil and natural gas wells, including uncertainties with respect to identified drilling locations and estimates of reserves, and (7) the effect of existing and future laws and regulatory actions, including federal and state legislative and regulatory initiatives relating to hydraulic fracturing and environmental matters, including climate change . These forward - looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by, the Company at the time this presentation was prepared . Although the Company believes that the assumptions underlying such statements are reasonable, it cannot give assurance that they will be attained . We undertake no obligation to update or revise any forward - looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law . You are cautioned not to place undue reliance upon any forward - looking statements, which speak only as of the date made . EON undertakes no commitment to update or revise the forward - looking statements, whether as a result of new information, future events or otherwise, except as may be required by law . • In preparing this presentation, the Company has substantially and materially relied on the Evaluations of Certain Oil and Gas Properties ("reserve reports") rendered by William M . Cobb & Associates, Inc . ("Cobb"), an unrelated third party that had previously been engaged and compensated by EON concerning the oil and gas assets owned by EON including, without limitation, the proved reserves and future income as of the date of the Cobb reserve reports, the most recent reflecting values as of December 31 , 2023 . 3

![](ex99-2_004.jpg)

Investment Highlights 4 Plentiful Asset: 1.2 billion barrels of OOIP – expect to triple proven reserves in next 3 - 4 years Increasing Production: Production expected to increase by 1,000 bbl/day in next 24 months Operation Excellence: Strategy to reduce lifting costs Capital Efficient: Oil Rich + Waterflooding Extraction + Existing Wells = Lower Cap - ex Lower Risk: Responsible hedging, shallower drilling, best - in - class team and partner network Value: Early phases of field development creates an optimal entry point for new investors

![](ex99-2_005.jpg)

Strategic Priorities and Objectives 1. Maximize Shareholder Value : Maximize total returns to the shareholders by growing through acquisition, and the development of our properties 2. Build the Team and a Public Company : EON has e xperienced oil & gas industry professionals with a strong network 3. Optimize Production : The fields have p otential untapped oil & gas reserves in the 1.2 billion barrels of original oil in place ("OOIP") 4. Reduce Operating Cost : The team is focused on opportunities to drive operating, supply, equipment and corporate costs down 5. Enhance Capital Efficiencies : The properties have significant upside potential in the reserves and infrastructure that can exploited efficiently 6. Build a Portfolio of Energy Assets : The Permian Basin is hot market with over $100 billion of recent M&A activity 5

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The Team 6 Dante V. Caravaggio CEO & Director Mitchell B. Trotter CFO & Director David M. Smith, Esq. VP, General Counsel Jesse J. Allen VP of Operations • 40+ years of experience in the oil and gas industry. • Executive and program management positions with Kellogg Brown and Root, Parsons Corp, Jacobs Engineering and Sun Oil . • BS and MS in Petroleum Engineering from University of Southern California and MBA from Pepperdine University. • 40+ years of experience in various controller and CFO roles. • Managed up to 400 plus staff across six continents supporting global operations with clients in multiple industries across private, semi - public and public sectors. • BS Accounting from Virginia Tech and MBA from Virginia Commonwealth University. • Licensed attorney in Texas with 40+ years of experience in the legal field of oil and gas exploration and production. • Transactional and litigation experience in oil and gas, real estate, bankruptcy and commercial industries. • Holds a degree in Finance from Texas A&M University, a Doctor of Jurisprudence from South Texas College of Law and is licensed before the Texas Supreme Court. • 40+ years of experience operating and managing onshore production in the U.S. and internationally. • Worked for several key companies like Sun Production Company and various technical and managerial roles with Chesapeake Energy. • Holds a BS in Petroleum Engineering from Texas Tech University, is a Professional Engineer, and is a member of the Society of Petroleum Engineers and the American Petroleum Institute.

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The Team (continued) 7 Mark H. Williams VP of Finance & Admin Xuan (Sun) Vandeberg Special Projects P. David O'Brian Field Superintendent • 3 0+ years of experience in various controller roles with major global public companies. • Managed teams in multiple countries supporting business operations, budgeting and forecasting, systems design, purchasing, client contracts and sales support. • BBA in Accounting degree from William & Mary. • 20+ years of experience in the oil and gas industry. Program management positions as an In - house engineer consultant for Pemex, Chevron, BP and Shell in remote land and offshore drilling operations. • 7+ years of Litigation paralegal in oil and gas, business and commercial industries • BS in Computer and Electronics Engineering from DeVry University, and Paralegal Certification from LoneStar College • 20+ years in the oil and gas industry at multiple fields in Texas and New Mexico • 10+ years of experience operating and managing the development of oil and gas production in the Permian Basin • Prior experience of 15 years in municipal water treatment in various leadership roles

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Optimizing Production • What was done? • Predecessor transitioned to a waterflood approach in the Seven Rivers zone in 2020 • The EON team is upgrading infrastructure that has been restricting the increase of production • Production was stabilized by the EON team and production is starting to tick upwards • Analyzed well logs to follow the science to increase production • What is being done? • Acid treatments with enhanced formula is resulting in additional oil production • Well service rigs on - sites to return idle/inactive wells to production • Re - commencing recompletions and stimulations with expected lower costs than the predecessor • New fracs to tap into the PDNP reserves now that infrastructure upgrades are near completion • What are options for the future? • The Haas & Cobb reserve report plan has BOEPD increasing by 2 ½ times by end of 2028 • Horizontal drilling program in the San Andres expected to commence Q1 of 2026 • Infield drilling to reduce the patterns from 40 to 50 acre spacing being evaluated 8

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Reducing Costs • The management and field leadership team are on an on - going basis, reviewing areas to identify where we can: enhance maintaining of the field; reduce lift and cap - ex expenditures; and increase production • Using a scientific and analytical approach is expected to reduce workover cost per well to the $150K range from the original estimates of $250K • Implemented an AI automation state - of - the - art software application to reduce costs with operational efficiencies, and ability to leverage current cost structure as new wells are put into production • Reducing G&A costs in 2025 compared to 2024 by: reduced certain salary related costs which started in January; reduced insurance costs by $500K; and professional fees in second half of 2025 expected to be at lower annualized runrate of $2.0 million. 9

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Responsible use of Capital Spend • The Grayburg - Jackson oil field has 550 existing wells that can be utilized to recover proven reserves without new drilling, and hence significant upfront capital spend can be avoided • The team of petroleum engineers and geologists are studying well responses to best determine the most cost and capital effective process to maximize production • EON plans to have a drilling partner for the horizontal drilling program in the San Andres to share the higher upfront investment costs • The company is recycling water both from our field and from an offset producer to minimize the capital needed to operate the oil field, and to avoid the use of our fresh water well, which is our back - up source 10

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Industry and Acquisition Strategy Overview • EON is an independent energy company with an acquisition and value creation strategy focused on building a company in the energy industry in North America that complements the experience of our management team and can benefit from our operational expertise and executive oversight • Our focus is to maximize total shareholder value from a diversified portfolio of long - life oil and natural gas properties built through acquisition and selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties • Acquisitions to date: • Grayburg Jackson Field in November 2023: Located in the Permian Basin. • South Justis Field in June 2025: Located in the Permian Basin 11

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Operations Overview

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Oil & Gas Operations Overview • Our first two acquisitions are located in New Mexico approximately 100 miles apart, which enhances operations management • Both the Grayburg - Jackson and South Justis fields are in the prolific Permian Basin • The fields are waterflood properties with significant oil and gas reserves and potential • The Grayburg - Jackson Field is expected to commence horizontal drilling in 2026. South Justis Field will be evaluated for future horizontal drilling potential. 13

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Anadarko , 6,587 , 7% Appalachia , 35,953 , 36% Bakken , 3,392 , 3% Eagle Ford , 7,508 , 7% Haynesville , 16,559 , 17% Niobrara , 5,193 , 5% Permian , 24,745 , 25% Permian Basin – Most Promising Oil Reserves in the U.S. • Contributes 62% of the total oil output of the U.S. • C ontribute 25% to the overall gas production in the U.S. • Expected to remain resource - rich for a long period of time, as geologically viable (GV) capacity comes on board to sustain the production levels until ~2040 • According to the United States Geological Survey, the Northwest Shelf of the Permian Basin contains the largest recoverable reserves among all the unconventional basins in the United States 14 Anadarko , 396 , 4% Appalachia , 135 , 2% Bakken , 1,270 , 13% Eagle Ford , 1,154 , 12% Haynesville , 32 , 0% Niobrara , 691 , 7% Permian , 5,976 , 62% Permian Region Dominates Daily Oil Production (Values in thousand bpd) Permian Region Is the Second - largest Gas Producing Region (million cubic feet/ day) Source: U. S. Energy Information Administration. Data as of Nov. 2023.

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Waterflood Operations – Creating a Steady Revenue Stream • The waterflood process uses the injection of water into an oil - bearing reservoir for pressure maintenance to stimulate oil flow through the rock to the producing well for oil and gas recovery • A waterflood property has long - lasting, low decline oil production. This creates a long - term steady revenue stream, which is a strong base to generate sustainable cash flow and earnings. 15 Illustration of Water Flooding Technique Source: International Journal of Oil and Gas and Coal Technology Steady Revenue Stream and Low - risk Oil Recovery Waterflooding Method Increases Economic Value of the Property

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Horizontal Drilling – Tapping Potential Oil Reserves • Horizontal drilling is a drilling technique where a well is drilled at a near - horizontal angle, extending laterally through an oil or gas reservoir. • This method is particularly useful for accessing oil and gas reserves that are spread out horizontally or are difficult to reach from directly above. • How it works: • Vertical Section : The well is initially drilled vertically, similar to a conventional well. • Curve and Lateral : At a specific depth, the drilling angle is gradually changed to a horizontal direction, creating a horizontal section of the wellbore. • Reservoir Penetration : The horizontal section is then drilled through the target oil or gas reservoir. 16 Illustration of Horizontal Drilling Source: Rock River Minerals

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Grayburg - Jackson Field ("GJF")

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• The first acquisition was the Grayburg - Jackson Field ("GJF") which is a waterflood property operated by the EON subsidiary LH Operating, LLC ("LHO") • The property is located on the Northwest Shelf of the Permian Basin which according to the U.S. Geological Survey contains the largest recoverable reserves among all the unconventional basins in the United States 18 18 Grayburg - Jackson Field Overview New Mexico Texas Eddy Co. Lea Co. LH Operating

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• ~13,700 gross acres • 23 Leases (20 BLM and 3 State leases) • 100% WI with 74% average NRI • 100% Operated and 100% HBP • Original Oil in Place is 876,159,746 barrels of oil • Title opinion coverage on 97% of PDP PV10 value BLM Leases NM State Leases LH Leases with Title Opinion LH Leasehold <75% NRI 75% - 79% NRI 85% - 87.5% NRI 80% - 84% NRI BLM and NM State Leases Title Opinion Coverage Net Revenue Interest by Lease LH Operating Leases Land and Ownership Overview 19

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The Oil Field – GJF • The GJF has several large reservoir structures. The EON intervals range from as shallow as 1,500 feet deep to 4,000 feet deep • The EON field has attainable proven reserves of approximately 20 million gross barrels of crude oil and 5 billion cubic feet of natural gas • Original Oil in Place (OOIP) is mapped at 956,000,000 barrels of oil in EON intervals • Wells and reserves • 85% crude oil and 15% natural gas • 550 producing wells and 95 active patterns • Producing wells tap 40% of the reserves • Rest of reserves are proven 20 Period Epoch Approx. Regional Thickness (ft) 200-400 100 1,000 200 200 500 200-500 300 1,500 100 Paddock Blinebry Tubb Drinkard 1,000 Wolfcampian 0-1,500 Guadalupian Leonardian 1,500 Formation Grayburg San Andres Glorieta Yeso Abo Wolfcamp Permian Ochoan Dewey Lake Rustler Salado Tansil Yates Seven Rivers Queen

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EON Oil Potential is Huge – Grayburg - Jackson Field 2 1 The oil and gas quantities of the original - oil - in - place ("OOIP"), reserves and potential recovery are all based on reports and letters from our third - party engineering firm William M. Cobb & Associates, Inc. Specifically, the reserve report as of December 31, 2024 dated March 17, 2025, and the letter on remaining potential in the Grayburg - San Andres intervals dated July 22, 2022.

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Regulatory Production Pool: 7R - Q - GB - SA Period Epoch Approx. Regional Thickness (ft) 200-400 100 1,000 200 200 500 200-500 300 1,500 100 Paddock Blinebry Tubb Drinkard 1,000 Wolfcampian 0-1,500 Guadalupian Leonardian 1,500 Formation Grayburg San Andres Glorieta Yeso Abo Wolfcamp Permian Ochoan Dewey Lake Rustler Salado Tansil Yates Seven Rivers Queen Historical Production by Zone • Historical production has been from the Seven Rivers, Queen, Grayburg , and San Andres (7R - Q - GB - SA) in descending depth order • The producing reservoirs range in depth from 1,500' to 4,000' across the LH Operating leasehold Stratigraphy & Seven Rivers Type Log Source: Linn Energy Src: Modified from Pranter (1999) 7R Three Main Producing Intervals • R B1/B2/B3: Thin, discontinuous, low porosity in most areas • 7R B4/B5/B6: Main producing interval and waterflood target • 7R C: Thin, discontinuous, low porosity in most areas Stratigraphy of the NW Shelf of the Permian Basin Seven Rivers Type Log: State AZ 606 22

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10 100 1,000 10,000 10 100 1,000 10,000 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Seven Rivers (7R) – Development History LH Operating Gross Historical Production (All Horizons) Depositional Setting LH Operating Regional Setting GYBG - JACKSON 120 MMBO Cum MALJAMAR 140 MMBO Cum VACUUM 631 MMBO Cum LH Operating Gross Oil (BOPD) Gross Well Count Development began in 1940's (Seven Rivers - Queen - Grayburg - San Andres production) 1960's drilling program and waterflood 1980's – 1990's drilling program 34 MMBO Cum. Src: ENVERUS production data for current LH Operating wells Most Recent Drilling Activity 5 wells in 2014 LH 7R WF initiated late 2019 with initial production response in early 2020 LH Acquisition from Linn 2018 35 23

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Seven Rivers (7R) Waterflood Development 7R PDP Response (95 Patterns) – Gross Oil (BOPD) 7R Waterflood Development Pilot Response Starts Early 2020 Current 7R Waterflood Response • LH Operating's 7R WF work began late 2019 in the H E West B 4 - pattern pilot with initial production response in February 2020 • 95 patterns have been brought online as of mid - 2022 (includes pilot) • 7R gross oil production from these 95 patterns has sustained ~1,000 BOPD • 95 pattern 7R OOIP = 30 MMBO Remaining 7R Waterflood Development • Additional 158 waterflood patterns planned (PDNP + PUD) • Full waterflood development requires approximately 214 workovers, 56 CTI's, 55 re - entries of plugged wells, 24 new - drill producers, and 39 new - drill injectors • 158 pattern 7R OOIP = 50 MMBO 1 10 100 1,000 10,000 02/2020 04/2020 06/2020 08/2020 10/2020 12/2020 02/2021 04/2021 06/2021 08/2021 10/2021 12/2021 02/2022 04/2022 06/2022 08/2022 4 - Pattern Pilot Response Starts 95 PDP Patterns Online ~1,000 BOPD Production shown does not include Legacy production 7R Pattern Count Gross 7R BOPD 36 24

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Horizontal Drilling Program – GJF • Based on our analysis and study, the horizontal drilling potential is in the lower San Andres reservoir of the GJF • The assessment reveals possible recovery of an additional 20 million barrels of oil and 16 billion cubic feet of natural gas • There are potentially 50 to 90 wells identified • We expect the drilling to commence in Q1 of 2026 and to be a three to four year program 25

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South Justis Field ("SJF")

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• The second acquisition was the South Justis Field ("SJF") which is located in Lea County, New Mexico in the Permian Basin approximately 100 miles from the GJF. • The SJF comprises 5,360 contiguous leasehold acres, 130 producing wells and 78 injection wells for a total of 208 wells. • The Company has approximately 94% working interest and 82% net revenue interest in the SJF 27 27 South Justis Field Overview

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South Justis Field – Field Maps (approx. 60 miles South of Hobbs) 28 Grayburg - Jackson Field in T17S - R31E (~100 miles away)

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The Oil Field – SJF • The producing zones in the SJF are at a depth of 5,000 feet to 7,000 feet in the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals. • Original Oil in Place ("OOIP") was 207 million barrels of oil with 30 million barrels produced to date • Reserves based on internal analysis • PDP net oil of 150 MBBL with a PV - 10 of approximately $2.9 million • PDNP net oil of 361 MBBL with a PV - 10 of approximately $7.3 million 29 Period Epoch Approx. Regional Thickness (ft) 200-400 100 1,000 200 200 500 200-500 300 1,500 100 Paddock Blinebry Tubb Drinkard 1,000 Wolfcampian 0-1,500 Guadalupian Leonardian 1,500 Formation Grayburg San Andres Glorieta Yeso Abo Wolfcamp Permian Ochoan Dewey Lake Rustler Salado Tansil Yates Seven Rivers Queen

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South Justis Field – Decline Curve Analysis (PDP & PDNP) 3 0

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Financials

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Income Statement Summary – Costs are Reducing 32 • Revenue impacts from production, prices and derivatives are described on another slide • G&A reductions and other impacts are described on another slide • Lease operating expenses dropped to $665K per month from the $718K average for 2024 • Interest dropped $65K for the 2 nd quarter due to Note conversions - $230K from Q4 2024 P&L Summary Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Revenues 3,283,099 5,060,795 7,364,346 3,710,680 4,564,597 4,583,148 Operations expenses 3,236,877 3,066,234 3,144,277 3,434,571 2,571,827 2,849,815 General and administrative 2,309,824 2,323,662 2,235,263 3,512,347 2,084,545 1,941,044 Operating income (2,263,601) (329,101) 1,984,806 (3,236,238) (91,775) (207,711) Other income (expense) (3,631,178) (656,469) (1,680,803) (2,738,105) (2,251,286) (1,491,511) Net income before taxes (5,894,779) (985,570) 304,003 (5,974,343) (2,343,060) (1,699,222) Tax benefits 1,201,279 347,775 855,925 1,065,428 770,385 398,744 Net income (4,693,500) (637,796) 1,159,928 (4,908,915) (1,572,675) (1,300,478)

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Revenues – Hedging Program Mitigates Oil Price Drop 33 • Oil revenues were impacted by: • Production incurred temporary dip that rebounded in July • Actual average oil sold price per barrel was down for the quarter • Hedging at $70.00 recouped $290K of cash • Hedging derivative impact was a positive $600K as oil prices dropped at quarter end Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net barrels of oil 64,339 61,259 62,949 62,140 62,702 57,127 Average oil price 77.27 79.76 83.80 67.05 70.06 61.63 Oil 4,971,150 4,885,959 5,275,254 4,166,335 4,392,605 3,520,740 Gas 178,608 128,084 89,978 86,816 139,532 67,840 Other 130,588 130,230 98,452 127,839 117,532 105,089 Hedges: Cash (60,065) (261,447) (107,970) 23,556 (54,435) 290,925 Cash based revenues 5,220,282 4,882,826 5,355,714 4,404,546 4,595,234 3,984,594 Hedges: Non-cash (1,937,183) 177,969 2,008,631 (693,866) (30,636) 598,554 Total revenues 3,283,099 5,060,795 7,364,346 3,710,680 4,564,597 4,583,148

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G&A Costs – Impact from Reductions Started in Q1 34 • Salaries and fees decreased starting Q1 by $300K - plus per quarter • Equity based costs of $138K were incurred in accordanc e with consulting contracts • Professional fees for legal, audit and consulting services primarily reflect reporting requirements, financing efforts, and certain costs stemming from various trailing legal matters. • Insurance costs are down $75K starting in Q1 due to lower rates for 2025 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Salaries & fees and related costs 502,749 593,110 616,402 538,394 309,766 355,669 Salaries and fees - equity based 125,680 130,720 172,495 250,608 144,163 99,163 Salaries and director fees 628,429 723,830 788,897 789,001 453,930 454,833 Professional fees: legal and audit 412,118 646,381 722,136 987,219 581,355 587,789 Consulting and other services 184,397 173,927 189,135 187,997 236,305 281,530 Insurance costs 407,323 319,559 319,872 356,115 282,747 277,659 Equity based costs 573,568 360,000 154,500 1,025,355 271,050 138,522 Miscellaneous 130,000 - Other costs 103,988 99,964 60,724 166,660 129,158 200,765 2,309,824 2,323,662 2,235,263 3,512,347 2,084,544 1,941,098

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Debt Structure as of June 30, 2025 • Reserve Based Loan ("RBL") : First International Bank & Trust ("FIBT") provided at $28 million RBL at acquisition closing. • The debt has a five - year amortization schedule with maturity in three years, and an interest rate of 15 percent. • The balance was $21.4 million. • Seller Note : There is a $15 million note issued to the Seller at closing • Convertible Notes : Balance is $5.6 mil – Down from original $9.8 mil 35

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Equity Structure as of June 30, 2025 • Common stock : There were 34 million shares outstanding. • Preferred stock : There are no preferred stock shares issued on the 1.0 million shares authorized, and there are no designated classes of preferred stock. • There are $15 million of preferred units at a subsidiary level that are included in the minority interest component of shareholder equity. The preferred units automatically convert to common stock at the end of two years based on a formula. There is no cash obligation to the Company • Warrants : There were 10.3 million warrants outstanding that are convertible to 8.0 million Class A shares 36

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Thank you for your interest in EON

## Exhibit 99.3

**Exhibit 99.3**

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EON Resources Inc. Conference Call – August 2025 NYSE American: EONR https://www.EON - R.com/

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Presenters and Management Team • Michael J. Porter – Investor Relations • Dante V. Caravaggio – CEO • Mitchell B. Trotter – CFO • Jesse J. Allen – VP of Operations • David M. Smith – General Counsel 2

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EON Resources – Positioned for 2026 • Upward trend in production • Lower costs and solid income from operations • Company anticipates breakeven by year end 2025 • Financing is progressing to retire seller and senior debt • Horizontal drilling program is on schedule to commence Q1 2026 • 4 well service rigs are on site: 3 at Grayburg - Jackson & 1 at South Justis • South Justis that was acquired in June has an increase in production • Well positioned for 2026 3

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Income Statement Summary – Costs are Reducing 4 • Revenue impacts from production, prices and derivatives are described on another slide • G&A reductions and other impacts are described on another slide • Lease operating expenses dropped to $665K per month from the $718K average for 2024 • Interest dropped $65K for the 2 nd quarter due to Note conversions - $230K from Q4 2024 P&L Summary Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Revenues 3,283,099 5,060,795 7,364,346 3,710,680 4,564,597 4,583,148 Operations expenses 3,236,877 3,066,234 3,144,277 3,434,571 2,571,827 2,849,815 General and administrative 2,309,824 2,323,662 2,235,263 3,512,347 2,084,545 1,941,044 Operating income (2,263,601) (329,101) 1,984,806 (3,236,238) (91,775) (207,711) Other income (expense) (3,631,178) (656,469) (1,680,803) (2,738,105) (2,251,286) (1,491,511) Net income before taxes (5,894,779) (985,570) 304,003 (5,974,343) (2,343,060) (1,699,222) Tax benefits 1,201,279 347,775 855,925 1,065,428 770,385 398,744 Net income (4,693,500) (637,796) 1,159,928 (4,908,915) (1,572,675) (1,300,478)

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Revenues – Hedging Program Mitigates Oil Price Drop 5 • Oil revenues were impacted by: • Production incurred temporary dip that is discussed in operations section • Actual average oil sold price per barrel was down for the quarter • Hedging at $70.00 recouped $290K of cash • Hedging derivative impact was a positive $600K as oil prices dropped at quarter end Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net barrels of oil 64,339 61,259 62,949 62,140 62,702 57,127 Average oil price 77.27 79.76 83.80 67.05 70.06 61.63 Oil 4,971,150 4,885,959 5,275,254 4,166,335 4,392,605 3,520,740 Gas 178,608 128,084 89,978 86,816 139,532 67,840 Other 130,588 130,230 98,452 127,839 117,532 105,089 Hedges: Cash (60,065) (261,447) (107,970) 23,556 (54,435) 290,925 Cash based revenues 5,220,282 4,882,826 5,355,714 4,404,546 4,595,234 3,984,594 Hedges: Non-cash (1,937,183) 177,969 2,008,631 (693,866) (30,636) 598,554 Total revenues 3,283,099 5,060,795 7,364,346 3,710,680 4,564,597 4,583,148

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G&A Costs – Impact from Reductions Started in Q1 6 • Salaries and fees decreased starting Q1 by $300K - plus per quarter • Equity based costs of $138K were incurred in accordanc e with consulting contracts • Professional fees for legal, audit and consulting services primarily reflect reporting requirements, financing efforts, and certain costs stemming from various trailing legal matters. • Insurance costs are down $75K starting in Q1 due to lower rates for 2025 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Salaries & fees and related costs 502,749 593,110 616,402 538,394 309,766 355,669 Salaries and fees - equity based 125,680 130,720 172,495 250,608 144,163 99,163 Salaries and director fees 628,429 723,830 788,897 789,001 453,930 454,833 Professional fees: legal and audit 412,118 646,381 722,136 987,219 581,355 587,789 Consulting and other services 184,397 173,927 189,135 187,997 236,305 281,530 Insurance costs 407,323 319,559 319,872 356,115 282,747 277,659 Equity based costs 573,568 360,000 154,500 1,025,355 271,050 138,522 Miscellaneous 130,000 - Other costs 103,988 99,964 60,724 166,660 129,158 200,765 2,309,824 2,323,662 2,235,263 3,512,347 2,084,544 1,941,098

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Balance Sheet Summary – Improving 7 • Debt and equity components on following slides • Cap - ex spend for the quarter was $730K • Company has made, and is continuing to make, improvements to the balance sheet Q1-25 Q2-25 Cash 3.1 3.1 Receivables 1.7 1.4 PP&E, net 98.1 100.1 Other assets 1.0 1.4 Total assets 103.9 106.0 Payables and accruals 16.8 17.4 Debt including interest 46.4 46.7 Warrant liability 4.1 - Deferred taxes 1.9 1.5 Other Liabilities 2.1 2.1 Total liabilities 71.4 67.7 Equity 32.5 38.2 Total liabilities & equity 103.9 106.0

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Debt Structure as of June 30, 2025 • Reserve Based Loan ("RBL") : First International Bank & Trust ("FIBT") provided at $28 million RBL at acquisition closing. • The debt has a five - year amortization schedule with maturity in three years, and an interest rate of 15 percent. • The balance was $21.4 million. • Seller Note : There is a $15 million note issued to the Seller at closing • Convertible Notes : Balance is $5.6 mil – Down from original $9.8 mil 8

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Equity Structure as of June 30, 2025 • Common stock : There were 34 million shares outstanding. • Preferred stock : There are no preferred stock shares issued on the 1.0 million shares authorized, and there are no designated classes of preferred stock. • There are $15 million of preferred units at a subsidiary level that are included in the minority interest component of shareholder equity. The preferred units automatically convert to common stock at the end of two years based on a formula. There is no cash obligation to the Company • Warrants : There were 10.3 million warrants outstanding that are convertible to 8.0 million Class A shares 9

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Funding • Subject to execution of definitive documents, we expect to fund the $41 to $53 million using volumetric funding ("VM") via the sale of one or more ORRI packages. • The funding is to discharge our $20.5 million settlement with Seller and to retire the Company's senior debt for $18.5 million. • Completion of our $20.5 million cash settlement with Seller returns to EON the 10% ORRI; retires the Seller note; and returns the Seller preferred shares. • Retirement of its senior debt eliminates a $700K per month note payment and replaces with an estimated incremental ORRI payment of $100,000 to $300,000 per month. • Volumetric funding is described in our March 20 th press release 10

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Operations – Grayburg - Jackson Field ("GJF") • Safety – No reportable incidents • Temporary dip in production • Dropped to 810 BOPD and current is 920 BOPD • On - going water injection mechanical problems nearing completion • Downtime to perform acid treatments: 13 wells resulted sustained 52 BOPD • Contracted 2 nd well service rig June to return to production idle / inactive wells • To date 27, wells returned to production with estimated 60 BOPD increase • Continue to return to production idle / inactive wells (additional 40 wells planned) • 3 rd well service rig contracted in July to return injection wells to operational • 2026 Q1 San Andres horizontal drilling well program 11

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Operations – South Justis Field ("SJF") • Safety – No reportable incidents • Acquired in June 2025 with initial field rate of 88 BOPD • Contracted well service rig to return to production 3 down wells • In addition, used the rig to return to production 3 idle / inactive wells • Current production at 117 BOPD • Will continue to return to production additional idle / inactive wells • Employing lessons learned on GJF • Like our GJF, there is significant horizontal drilling potential 12

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Questions & Thank You for Attending NYSE American: EONR https://www.EON - R.com/

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Disclaimer • This presentation of EON Resources Inc . ("EON" or the "Company") shall not constitute a "solicitation" as defined in Rule 14 a - 1 of the Securities Exchange Act of 1934 , as amended . • This presentation is not an offer, or a solicitation of an offer, to buy or sell any investment or other specific product . Any offering of securities (the "Securities") will not be registered under the Securities Act of 1933 , as amended (the "Act"), and will be offered as a private placement to a limited number of institutional "accredited investors" as defined in Rule 501 (a)(1), (2), (3) or (7) under the Act or "qualified institutional buyers" as defined in Rule 144 A under the Act . Accordingly, the Securities must continue to be held unless the Securities are registered under the Act or a subsequent disposition is exempt from the registration requirements of the Act . Investors should consult with their legal counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Act . The transfer of the Securities may also be subject to conditions set forth in an agreement under which they are to be issued . Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time . EON is not making an offer of the Securities in any state where the offer is not permitted . • The information in this presentation may not be complete and may be changed at any time . Before you invest in the Company's securities, you should read the documents the Company has filed or may file with the SEC for more complete information about the Company . Copies of any such filing may be obtained for free by visiting the SEC website at www . sec . gov . Filings by EON with the SEC may also be viewed through links on the EON website at EON - R . com . • This presentation is not intended to form the basis of any investment decision by the recipient and does not constitute investment, tax or legal advice . No representation or warranty, express or implied, is or will be given by the Company or any of its affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this presentation or any other written, oral or other communications transmitted or otherwise made available to any party and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto . Accordingly, none of the Company or any of its affiliates, directors, officers, employees or advisers or any other person shall be liable for any direct, indirect or consequential loss or damages suffered by any person as a result of relying on any statement in or omission from this presentation and any such liability is expressly disclaimed . • The financial information and data contained in this presentation is unaudited and does not conform to Regulation S - X promulgated by the SEC . Accordingly, such information and date may not be included in, may be adjusted in, or may be presented differently in, any proxy statement, prospectus or other report or document to be filed or furnished by EON with the SEC . Certain financial measures in this presentation are not calculated pursuant to U . S . generally accepted accounting principles ("GAAP") . These non - GAAP financial measures are in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with GAAP . There are a number of limitations related to the use of these non - GAAP financial measures as compared to their nearest GAAP equivalents . For example, other companies may calculate non - GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the non - GAAP financial measures herein as tools for comparison . • Certain statements contained in this presentation relate to the historical experience of our management team . An investment in the Company is not an investment in any of our management team's past investments, companies or funds affiliated with them . The historical results of these persons, investments, companies, funds or affiliates is not necessarily indicative of future performance of the Company . • This Presentation may contain estimated or projected financial information, including, without limitation, EON 's projected revenue, gross operating profit, income before taxes and EBITDA for calendar years 2024 , 2025 , and 2026 . Such estimated or projected financial information constitutes forward - looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results . The assumptions and estimates underlying such estimated or projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information . See "Forward - Looking Statements" below . Actual results may differ materially from the results contemplated by the estimated or projected financial information contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a representation by any person that the results reflected in such estimates and projections will be achieved . T he independent registered public accounting firm of EON did not audit, review, compile, or perform any procedures with respect to the estimates or projections for the purpose of their inclusion in this presentation, and accordingly , did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this presentation . 14

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Disclaimer • Forward - Looking Statements • Statements in this presentation which are not statements of historical fact are "forward - looking statements" . Our forward - looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future . In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward - looking statements . The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward - looking statements, but the absence of these words does not mean that a statement is not forward - looking . All statements other than statements of historical fact included in this presentation are forward - looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks and uncertainties, and may include projections of our future financial performance based on our growth strategies, business plans and anticipated trends in our business . These forward - looking statements, are only predictions based on our current expectations and projections about future events . There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance, targets, goals or achievements expressed or implied in the forward - looking statements . These factors include, but are not limited to, those discussed in our Annual Report on Form 10 - K under Item 1 A "Risk Factors," and also discussed from time to time in our quarterly reports on Form 10 - Q, current reports on Form 8 - K, proxy statements, and other SEC filings including the following : (1) the financial and business performance of the Company, (2) the Company's abilities to execute its business strategies, (3) the level of production on our properties, (4) overall and regional supply and demand factors, delays, or interruptions of production, (5) competition in the oil and natural gas industry, (6) risks associated with the drilling and operation of crude oil and natural gas wells, including uncertainties with respect to identified drilling locations and estimates of reserves, and (7) the effect of existing and future laws and regulatory actions, including federal and state legislative and regulatory initiatives relating to hydraulic fracturing and environmental matters, including climate change . These forward - looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by, the Company at the time this presentation was prepared . Although the Company believes that the assumptions underlying such statements are reasonable, it cannot give assurance that they will be attained . We undertake no obligation to update or revise any forward - looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law . You are cautioned not to place undue reliance upon any forward - looking statements, which speak only as of the date made . EON undertakes no commitment to update or revise the forward - looking statements, whether as a result of new information, future events or otherwise, except as may be required by law . • In preparing this presentation, the Company has substantially and materially relied on the Evaluations of Certain Oil and Gas Properties ("reserve reports") rendered by William M . Cobb & Associates, Inc . ("Cobb"), an unrelated third party that had previously been engaged and compensated by EON concerning the oil and gas assets owned by EON including, without limitation, the proved reserves and future income as of the date of the Cobb reserve reports, the most recent reflecting values as of December 31 , 2023 . 15