# EDGAR Filing Document

**Accession Number:** 0001842556
**File Stem:** 0001213900-25-111756
**Filing Date:** 2025-11
**Character Count:** 44700
**Document Hash:** 85b8fb40cb42b7efa205664f54dc0c44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-111756.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001213900-25-111756

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 29

**CONFORMED PERIOD OF REPORT**: 20251117

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**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:** 251492763

**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): November 17, 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 November 17, 2025, EON Resources Inc. (the "Company") issued a press release in which the Company provided certain third 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 November 17, 2025, the Company uploaded a presentation to its website related to certain third 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.**

On November 17, 2025, the Company issued a press release announcing that it will host a conference call to review its third quarter 2025 financial results on Tuesday, November 18, 2025, at 2:30 p.m. Eastern Time. To access the conference call, go to https://www.webcaster5.com/Webcast/Page/2999/53259. An audio webcast of the conference call will be available within two hours of the call on the Company's website. A copy of this press release is included as Exhibit 99.3 to this Current Report on Form 8-K.

The information in Item 2.02 and this Item 7.01 and in Exhibits 99.1, 99.2, and 99.24attached 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 November 17, 2025 entitled "EON Resources Inc. Reports Results of Third Quarter of 2025".](ea026606901ex99-1_eonres.htm) |
| 99.2 | [Earnings Release Presentation dated November 2025.](ea026606901ex99-2_eonres.htm) |
| 99.3 | [Press Release of EON Resources, Inc. issued on November 17, 2025 entitled "EON Resources Inc. Announces 3rd Quarter Earnings Call to be held on Tuesday, November 18, 2025".](ea026606901ex99-3_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.

---

| | | |
|:---|:---|:---|
| November 18, 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. Reports**

**Results for the Third Quarter of 2025**

***Record Net Income of $5.6 Million for the Quarter;***

***Retired All $41 Million of Senior and Seller Debt;***

***Retired All Preferred Shares with Redemption Value of $27 Million; and***

***Increased Shareholder Equity by $22.7 Million***

**HOUSTON, TX / November 17, 2025 / EON Resources Inc. (NYSE American: EONR)** ("EON" or the "Company") is an independent upstream energy company with 20,000 leasehold acres in the Permian Basin. 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 third quarter of 2025.

**<u>Key third quarter highlights:</u>**

**On September 9, 2025, $45.5 million of funding closed with the simultaneous settlement of seller obligations and retirement of senior debt**: EON and its affiliates successfully closed on total funding of $45.5 million through a combination of volumetric funding instruments ("VMA") and a farmout of the San Andres formation rights across the leasehold in the Grayburg-Jackson Field ("GJF") owned and operated by LH Operating, LLC ("LHO"), the Company's wholly owned subsidiary, for horizontal well development to a subsidiary of Virtus Energy Partners, LLC ("Virtus").

**Sources and Uses of the $45.5 million funding**:

● $20.0 million was received from a private family office in consideration for the sale by the LHO of a 15% perpetual overriding royalty interest ("ORRI") in existing leases and wells in the GJF.

● $20.5 million came from the private family office for the sale by LHO of a 5% perpetual ORRI in production from the San Andres formation in horizontal wells to be drilled under the farmout program by Virtus.

● $5.0 million was received from Virtus in consideration for a farmout of the LHO's rights in new horizontal wells to be drilled in the San Andres formation in which Virtus will own a 65% operated working interest subject to earning and retention conditions through drilling commitments. LHO will retain a 35% non-operated working interest in such wells.

● EON paid $20.5 million as cash consideration to the seller of the GJF whereby (i) LHO purchased a 10% overriding royalty interest seller had retained in the GJF valued at $13.5 million, (ii) EON retired the $20 million seller note ($15 million principal balance plus accrued interest) for $7.0 million, and (iii) EON issued 1.5 million shares of Class A common stock in exchange for the return to treasury of the preferred units owed by seller with a redemption value of $27 million.

● Retired senior debt of EON of approximately $19.3 million. The payoff of the senior debt eliminated a $700,000 per month amortization payment (principal and interest) and released all oil and gas properties of LHO as collateral for such debt.

"With the completion of the $45 million funding, we have now positioned the Company for expansion and growth ridding ourselves of a weak balance sheet," said Dante Caravaggio, CEO of EON Resources, Inc. "The Company, through LHO, entered into drilling and production agreements that will spur our growth and support profitability over the coming years."

**The Company entered into a Farmout Agreement ("Farmout") with Virtus on September 9, 2025**: Under the Farmout, Virtus acquired the right to develop LHO's San Andres formation within the Grayburg Jackson Field under certain conditions and horizontal drilling commitments. Important Farmout provisions follow:

● Virtus paid LHO $5.0 million for the acquisition of a 65% working interest in the leasehold rights in the San Andres formation developed through horizontal drilling. LHO retains a 35% non-operated working interest in the horizontal wells to be drilled by Virtus in the San Andres formation . LHO retains its 100% operated working interest in existing vertical wells and in the remaining formations under lease.

● As many as 90 horizontal wells are expected to be drilled at a cost between $3.5 million to $4.0 million per well. Cumulative capital investment by Virtus and LHO is expected to exceed $300 million over the life of the project.

● The annual horizontal drilling program is expected to range from 10 to 20 new horizontal wells per year with initial production rates of 300 to 500 barrels of oil per day ("BOPD").

● Over the life of the horizontal drilling program, gross oil production is expected to exceed 20,000 BOPD with 35%, or 7,000 BOPD from the San Andres formation, net to LHO's 35% working interest.

● The first three wells are anticipated to be completed by mid-year 2026. The costs associated with the drilling and completion of the first three wells are solely the responsibility of Virtus. LHO retains a 35% working interest in these first three wells.

● The Economic Summary Projection of the anticipated development plan prepared by Virtus estimates more than ninety-five million dollars of reserve value based on net present value discounted at ten percent ("NPV-10") net to LHO's retained ownership interest.

More information on the funding and farmout can be found in the $45.5 million funding press release, the Farmout press release, and the letter to EON shareholders, which are all located on the Company's website.

**Operational accomplishments during the third quarter**:

● Grayburg-Jackson Field had stabilized production and maintained lease operating expenses at reduced levels that have been maintained across 2025.

● By the end of the quarter, over 2 miles of water injector flowlines had been installed on the GJF. Testing and fine-tuning are being performed as needed where the flowlines are expected to be completed in Q4.

● The South Justis Field results started after acquisition by LHO at end of the second quarter, and thus the third quarter reflects the first full quarter of results for SJF.

**<u>Financial highlights for the quarter ended September 30, 2025</u>**<u>:</u> 

**Income statement**: Below is a condensed version of the income statement that is included in the 10-Q filing, followed by discussions on certain results and changes from prior quarters.

---

| | | | |
|:---|:---|:---|:---|
|  | **Q1** | **Q2** | **Q3** |
| Revenues | 4564597 | 4583148 | 4364341 |
| Operations expenses | 2571827 | 2849815 | 3537767 |
| General and administrative | 2084545 | 1941044 | 2591296 |
| &nbsp;&nbsp;&nbsp;Operating income | (91775) | (207711) | (1764722) |
| Other income (expense) |  |  |  |
| &nbsp;&nbsp;&nbsp;Gain on asset sales |  |  | 13414100 |
| &nbsp;&nbsp;&nbsp;Gain on debt forgiveness | 92294 | 207307 | 1846684 |
| &nbsp;&nbsp;&nbsp;Interest expense | (1744246) | (1678538) | (1220390) |
| &nbsp;&nbsp;&nbsp;Amortization of financing fees | (337370) | (332447) | (399697) |
| &nbsp;&nbsp;&nbsp;Other | (261964) | 312167 | 9372 |
| &nbsp;&nbsp;&nbsp;Net income before taxes | (2343060) | (1699222) | 11885347 |
| Tax benefits | 770385 | 398744 | (6260472) |
| &nbsp;&nbsp;&nbsp;Net income | (1572675) | (1300478) | 5624875 |

---

● **Revenues were Consistent**: The revenues for the quarter remained consistent with prior quarters as production and prices had only minor fluctuations.

● **Lease Operating Expenses ("LOE") were Consistent**: The LOE for the GJF remained consistent at reduced levels across 2025 compared to 2024 LOE levels. The South Justis Field ("SJF") LOE costs commenced in Q3 of 2025 after acquisition of the SJF adding approximately $475K to the total LOE.

● **General and Administrative ("G&A") Costs had Decline in Recurring Costs**: The recurring G&A costs continue to trend downward quarter over the quarter. The Q3-2025 G&A costs included approximately $1.1 million of non-recurring costs attributable to the September 9, 2025 funding.

● **Interest Expense was Reduced**: As expected, interest expense dropped by approximately $500K for the third quarter compared to the prior quarters due to the retirement of the senior debt and the seller note.

● **Gain of $13.4 million on Asset Sale from the Funding**: There was a one-time GAAP gain of $13.4 million as a result of the funding and Farmout agreements.

● **Gain $1.8 million from Forgiveness of Debt**: There was $1.8 million in total gains from the reduction of the senior debt at pay-off and settlement of underwriting fees.

**Balance Sheet**: Below is a condensed version of the balance sheet that is included in the 10-Q filing, followed by discussions on certain results and changes from prior quarters.

---

| | | | |
|:---|:---|:---|:---|
|  | **Q1** | **Q2** | **Q3** |
| Cash | 3074094 | 3060971 | 875604 |
| Receivables | 1957188 | 1652177 | 1790099 |
| PP&E, net | 98089791 | 100088351 | 84197401 |
| Other assets | 738973 | 1162497 | 2652194 |
| &nbsp;&nbsp;&nbsp;Total assets | 103860046 | 105963996 | 89515298 |
| Accounts payable | 8244644 | 7779960 | 6160396 |
| Accrued liabilities | 8393414 | 9118446 | 3911147 |
| Royalties payable | 4297327 | 4587463 | 4191204 |
| Debt - Current | 5754397 | 6121756 | 995755 |
| Debt - Long-term | 32099417 | 30860457 |  |
| Loans and Warrants - Current | 7018030 |  |  |
| Notes - Long-term | 1562257 | 5650000 | 4392087 |
| Deferred tax liability | 1922348 | 1523603 | 7067245 |
| Other liabilities- Long-term | 2060056 | 2105899 | 1899255 |
| Shareholder equity | 32508156 | 38216412 | 60898209 |
| &nbsp;&nbsp;&nbsp;Total liabilities and equity | 103860046 | 105963996 | 89515298 |

---

● **The GJF Property Value was Reduced due to the ORRIs Conveyance**: The GJF recorded property value was reduced by approximately $16 million as an offset to the VMA funding by the ORRIs conveyed.

● **Debt was Reduced by Approximately $37 million**: With the funding on September 9, 2025, $20 million of senior debt and the $15 million seller note were retired leaving only $5.4 million of convertible notes remaining. The current portion of debt was reduced from $6.1 million in Q2 to $1.0 million at end of Q3.

● **Shareholder Equity Increased by a Net $22.7 million**: With the retirement of the seller preferred shares, all non-controlling interest was eliminated. The combined impact of the funding, elimination of preferred shares and gains from the funding transactions increased total equity by approximately $22.7 million.

**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 a diversified portfolio of long-life producing oil and natural gas properties and other energy holdings. EON's approach is to build through acquisition and through selective development of its properties. Class A Common Stock of EON trades on the NYSE American Stock Exchange under the symbol of "**EONR"** and the Company's public warrants trade under the symbol of "**EONR WS"**. For more information on the Company, please visit the EON website.

**About the Grayburg-Jackson Field Property**

Our Grayburg-Jackson Field ("GJF") is located on the Northwest Shelf of the Permian Basin in Eddy County, New Mexico. The GJF comprises of 13,700 contiguous leasehold acres where the leasehold rights 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, estimates 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") is approximately 956 million barrels of oil. The Company has two production programs. The first is the existing waterflood recovery primarily in the Seven Rivers formation via the 550 wells already in place. The second is via a Farmout agreement in the San Andres formation where the recovery will primarily be under the horizontal drilling program whereby the Company expects to participate in drilling up to 90 new wells over the coming years. More information on the property can be located on the Grayburg-Jackson Field page of our website.

**About the South Justis Field Property**

The South Justis Field ("SJF") is a carbonate reservoir similar to the rest of the Permian, and is located in Lea County, New Mexico approximately 100 miles from the GJF. The SJF is comprised of 5,360 contiguous acres containing 208 total producing and injection wells with well spacing of 50 acres. 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. More information on the property can be located on the South Justis Field page of our website.

**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)

NYSEAM:EONR Third Quarter of 2025 Earnings Call November 2025 Eon Resources Inc. NYSE - AM:EONR https:// www.EON - R.com/

![](ex99-2_002.jpg)

NYSEAM:EONR Presenters Dante V. Caravaggio CEO Mitchell B. Trotter CFO David M. Smith General Counsel Jesse J. Allen VP of Operations 2

![](ex99-2_003.jpg)

NYSEAM:EONR Company Overview ~ 20,000 acres (two fields) Leasehold Acres Fields Wells (Producing + Injection) Current Oil Production Reserves / Original Oil In Place (OOIP) Field Depths / Zones Development Plans / Upside Grayburg - Jackson Oil Field (Eddy County) & South Justis Field (Lea County) ~ 750 wells across both fields Over 1,000 barrels of oil per day • Proven reserves of ~ 14.0 million barrels of oil + 2.8 Bcf gas in Grayburg - Jackson as of Dec 2024. • Mapped OOIP: ~ 956 million barrels of oil across the Grayburg - Jackson Field • South Justis Field OOIP ~ 207 million barrels of oil Grayburg - Jackson: zones including Seven Rivers, Queen, Grayburg, San Andres; depths from ~1,500 ft to ~4,000 ft South Justis: zones including Glorietta, Blinebry, Tubb, Drinkard, Fusselman; depths from ~5,000 to ~7,000 ft. • Workovers and recompletions of vertical wells, and reactivating idle wells on both fields • Horizontal drilling program in San Andres zone of the Grayburg - Jackson Field commencing 2026. Source: https:// www.ogj.com/home/article/17293175/permian - oil - production - grows Permian Basin 3

![](ex99-2_004.jpg)

NYSEAM:EONR EON Resources – Historical Third Quarter 4 • Funding of $45.5 million closed on September 9, 2025 • $40.5 million of volumetric/ORRI funding from private investor • $5.0 million from Virtus for the San Andres Farmout agreement • Major improvement to the balance sheet • Retired and eliminated $41 million of senior and seller debt • Increased Shareholder Equity by $20 Million • San Andres Farmout to Virtus for the horizontal drilling program • Virtus purchased 65% working interest in San Andres for $5 million • Up to 90 horizontal wells to be drilled over next five years starting in 2026 • First 3 wells are paid by Virtus with EON retaining a 35% working interest • Gross oil production is expected to exceed 20,000 BOPD at the peak • Estimated NPV - 10 for EON is approximately $95 million

![](ex99-2_005.jpg)

NYSEAM:EONR Recent Financing Highlights 5 $45.5 Million of Funding Closed (Q3 2025) • $20.0 million → 15% royalty interest in Grayburg - Jackson Field • $20.5 million → 5% royalty interest in San Andres formation (Farmout program) • $5.0 million → Farmout of additional San Andres formation rights • Future $2.0 million → Funds for San Andres workovers in existing vertical wells Primary Uses of Proceeds • Retired ~$20.6 million senior debt • Retired ~$15.0 million Seller note • Eliminated ~$5.0 million accrued interest • Acquired Seller 10% overriding royalty interest ("ORRI") • Paid ~$4.0 million in other obligations • Issued 1.5 million common shares to retire highly dilutive preferred shares

![](ex99-2_006.jpg)

NYSEAM:EONR Q3 Q2 Q1 875,604 3,060,971 3,074,094 Cash 1,790,099 1,652,177 1,957,188 Receivables 84,197,401 100,088,351 98,089,791 PP&E, net 2,652,194 1,162,497 738,973 Other assets 89,515,298 105,963,996 103,860,046 Total assets 6,160,396 7,779,960 8,244,644 Accounts payable 3,911,147 9,118,446 8,393,414 Accrued liabilities 4,191,204 4,587,463 4,297,327 Royalties payable 995,755 6,121,756 5,754,397 Debt - Current - 30,860,457 32,099,417 Debt - Long - term - - 7,018,030 Loans and Warrants - Current 4,392,087 5,650,000 1,562,257 Notes - Long - term 7,067,245 1,523,603 1,922,348 Deferred tax liability 1,899,255 2,105,899 2,060,056 Other liabilities - Long - term 60,898,209 38,216,412 32,508,156 Shareholder equity 89,515,298 105,963,996 103,860,046 Total liabilities and equity Balance Sheet – Major Improvements Property and Equipment: • Reduced $16 million as offset to the volumetric funding Senior and Seller Debt : • Retired $21 million of senior debt • Retired $15 million of seller note and reduced $5 million of related accrued interest Convertible Notes: • Originally $9.8 million of private loans and warrant obligations • Reduced to $5.4 million with only $1.0 million as current Shareholder Equity: • Increased by $22.7 million • Preferred shares eliminated 6

![](ex99-2_007.jpg)

NYSEAM:EONR Income Statement – Historical Results Expenses: • GJF LOE consistent quarter to quarter with SJF LOE added in Q3 • Recurring G&A costs are declining. The Q3 results includes $1.1 million of expenses from the funding Gains: • Gain as result of funding & farmout • Gain from retirement of senior debt and settlement of underwriting fees Net Income: Historical level Q3 Q2 Q1 4,364,341 4,583,148 4,564,597 Revenues 3,537,767 2,849,815 2,571,827 Operations expenses 2,591,296 1,941,044 2,084,545 General and administrative (1,764,722) (207,711) (91,775) Operating income Other income (expense) 13,414,100 - - Gain on asset sales 1,846,684 207,307 92,294 Gain on debt forgiveness (1,220,390) (1,678,538) (1,744,246) Interest expense (399,697) (332,447) (337,370) Amortization of financing fees 9,372 312,167 (261,964) Other 11,885,347 (1,699,222) (2,343,060) Net income before taxes (6,260,472) 398,744 770,385 Tax benefits 5,624,875 (1,300,478) (1,572,675) Net income Interest Expense: Drops 500K per mo. 7

![](ex99-2_008.jpg)

NYSEAM:EONR Operations 8 • Safety – No reportable incidents • Combined production remains consistent at approximately 1,000 gross barrels of oil per day ("BOPD") • There are 4 well service rigs across both fields • Installed 2 miles of injection pipeline by end of Q3. Pressure testing and fine - tuning where required • San Andres Farmout to Virtus signed on September 9, 2025 • Horizontal drilling scheduled to begin in 2026 • The horizontal drilling program deck is located on the EON website on the Operations Grayburg - Jackson Field page

![](ex99-2_009.jpg)

NYSEAM:EONR Farmout Overview • EON Resources Inc. ("EON" or the "Company") entered into a Farmout Agreement (the "Farmout") to a subsidiary of Virtus Energy Partners, LLC ("Virtus") on September 9, 2025 Farmout Highlights $5.0 million Consideration Received 65% Post Deal Working Interest (San Andres) 10 - 20 wells Incremental Horizontal Wells (per year) 300 - 500 BOPD Initial Production (per well) $3.5 - $4.0 million Horizontal Well Cost (per well) 9

![](ex99-2_010.jpg)

NYSEAM:EONR EON Resources – What's Next 10 • Upside • Improving financials with increased oil production through 2026 • Waterline gets energized in Q4 adding 150 BOPD within 90 days of line start - up • A material acquisition in 1st half of next year • Horizontal drilling to commence in Q2 of 2026 • Downside • Desire oil to stay above $60.00 – Being mostly debt free helps weather a storm • Gas prices are increasing, but we struggle to sell all our gas – Exploring options

![](ex99-2_011.jpg)

NYSEAM:EONR Thank You for Interest in EON Resources Inc. (NYSE - AM:EONR) Company Website https:// www.EON - R.com/ Investor Relations mike@plrinvest.com 3730 Kirby Drive, Suite 1200 Houston, Texas 77098

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NYSEAM:EONR Disclaimer 12 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 . The 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 .

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NYSEAM:EONR Disclaimer (cont.) 13 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 .

## Exhibit 99.3

**Exhibit 99.3**

**EON Resources Inc. Announces**

**3<sup>rd</sup> Quarter 2025 Earnings Call to be held Tuesday, November 18, 2025**

***Management Will Be Discussing Its Financial Results,***

***Sources and Uses of Funding of $40.5 Million Closed on September 9, 2025, and***

***Accomplishments and Plans for the Remainder of 2025***

**EON Resources Inc. (NYSE American: EONR) ("EON" or the "Company")** is an independent upstream energy company with 20,000 leasehold acres comprised of two fields and 700 total producing and injection wells which it operates with 1,000 barrels a day of oil produced in the Permian Basin in southeast New Mexico. Today, the Company announced it will hold a Webcast (audio with presenters and slides) and teleconference call on Tuesday, November 18, 2025, at 2:30 pm EST to review EON's financial results for the third quarter/nine months ended September 30, 2025. Management will report on previously reported funding of $40.5 million, operations and conduct a Q&A session.

Dante Caravaggio, President and CEO of EON, will chair the call. Mitchell B. Trotter, CFO, and Jesse Allen, Vice President of Operations, 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 November 18, 2025. To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled start to register, 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.webcaster5.com/Webcast/Page/2999/53259 - (Replay expires November 18, 2026)

**Telephone access:**

Toll Free: 888-506-0062<br> International: 973-528-0011<br> Participant Access Code: 939315

**Teleconference Replay Number** (Expires Tuesday, December 2, 2025):

Toll Free: 877-481-4010<br> International: 919-882-2331<br> Replay Passcode: 53259

**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 a diversified portfolio of long-life producing oil and natural gas properties and other energy holdings. EON's approach is to build through acquisition and through selective development of its properties. Class A Common Stock of EON trades on the NYSE American Stock Exchange under the symbol of "**EONR"** and the Company's public warrants trade under the symbol of "**EONR WS"**. For more information on the Company, please visit the EON website.

**About the Grayburg-Jackson Field Property**

Our Grayburg-Jackson Field ("GJF") is located on the Northwest Shelf of the Permian Basin in Eddy County, New Mexico. The GJF comprises of 13,700 contiguous leasehold acres where the leasehold rights 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, estimates 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") is approximately 956 million barrels of oil. LHO has two production programs. The first is the existing waterflood recovery primarily in the Seven Rivers formation via the 550 wells already in place. The second is via a Farmout agreement in the San Andres formation where the recovery will primarily be under the horizontal drilling program whereby LHO expects to participate in drilling up to 90 new wells over the coming years. More information on the property can be located on the Grayburg-Jackson Field page of our website.

**About the South Justis Field Property**

The South Justis Field ("SJF") is a carbonate reservoir similar to the rest of the Permian, and is located in Lea County, New Mexico approximately 100 miles from the GJF. The SJF is comprised of 5,360 contiguous acres containing 208 total producing and injection wells with well spacing of 50 acres. 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. More information on the property can be located on the South Justis Field page of our website.

**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