# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-26-001848
**Filing Date:** 2026-4
**Character Count:** 17878
**Document Hash:** 2f001089d765add14a10f467a65e22a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-26-001848.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001592900-26-001848

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA Series Trust
- **CENTRAL INDEX KEY:** 0001592900

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 26911952

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpha Architect ETF Trust
- **DATE OF NAME CHANGE:** 20140428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empowered Funds ETF Trust
- **DATE OF NAME CHANGE:** 20131125

## Series and Classes Contracts Data

### Bastion Energy ETF (Series ID: S000089502)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000256092 | Bastion Energy ETF | BESF            |

## Nport-Ex

---

| |
|:---|
| **BASTION ENERGY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 80.9%**  | | |
| **<u>Energy</u> - 59.3%** <sup>(a)</sup> | |  |
| **Oil & Gas Equipment & Services - 11.5%**  |  |  |
| Kodiak Gas Services, Inc.  | 29802 | $1626295 |
| Liberty Energy, Inc.  | 68446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1922648 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3548943 |
| **Oil & Gas Exploration & Production - 17.9%**  |  |  |
| Antero Resources Corp. <sup>(b)</sup> | 37247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1371062 |
| EQT Corp.  | 23920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1469167 |
| Expand Energy Corp.  | 8160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880627 |
| Gulfport Energy Corp. <sup>(b)</sup> | 4515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 942100 |
| Mach Natural Resources LP  | 65568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853695 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5516651 |
| **Oil & Gas Storage & Transportation - 29.9%** <sup>(a)</sup> |  |  |
| Energy Transfer LP  | 62599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1179365 |
| Enterprise Products Partners LP  | 34858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1259768 |
| Kinder Morgan, Inc.  | 29941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996137 |
| MPLX LP  | 15095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889699 |
| NextDecade Corp. <sup>(b)</sup> | 317605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711891 |
| ONEOK, Inc.  | 17970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1487377 |
| Williams Cos., Inc.  | 22338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1669096 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9193333 |
| **Total Energy** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18258927 |
| **<u>Industrials</u> - 4.1%**  |  |  |
| **Heavy Electrical Equipment - 4.1%**  |  |  |
| Net Power, Inc. <sup>(b)</sup> | 650946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1256326 |
| **<u>Utilities</u> - 17.5%**  |  |  |
| **Electric Utilities - 4.0%**  |  |  |
| NextEra Energy, Inc.  | 13323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1249298 |
| **Multi-Utilities - 6.7%**  |  |  |
| Black Hills Corp.  | 14911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1098344 |
| Sempra  | 9971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 959908 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2058252 |
| **Renewable Electricity - 6.8%**  |  |  |
| XPLR Infrastructure LP <sup>(b)</sup> | 196648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2082502 |
| **Total Utilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5390052 |
| **TOTAL COMMON STOCKS** (Cost $21,262,772) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24905305 |

---

------

---

| |
|:---|
| **BASTION ENERGY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS** | | |
| **MONEY MARKET FUNDS - 18.9%**  | | |
| First American Government Obligations Fund - Class X, 3.60% <sup>(c)</sup> | 5827546 | $5827546 |
| **TOTAL MONEY MARKET FUNDS** (Cost $5,827,546) |  | 5827546 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $27,090,318**)** |  | $30732851 |
| Other Assets in Excess of Liabilities - 0.2%  |  | 55187 |
| **TOTAL NET ASSETS - 100.0%** |  | $30788038 |

---

Percentages are stated as a percent of net assets.

LP - Limited Partnership

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized yield as of February 28, 2026.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

------

**BASTION ENERGY ETF**

**Summary of Fair Value Disclosures as of February 28, 2026 (Unaudited)**

Bastion Energy ETF (the "Fund") has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Investments</u>** | | | | |
| Common Stocks | $24905305 | $— | $— | $24905305 |
| Money Market Funds | 5827546 |  |  | 5827546 |
| **Total Investments** | $30732851 | $— | $— | $30732851 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

During the fiscal period ended February 28, 2026, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EA Series Trust

- **b. Investment Company Act file number:** 811-22961

- **c. CIK number of Registrant:** 0001592900

- **d. LEI of Registrant:** 5493004OW9VWINAYRX18

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3803 West Chester Pike

  - **City:** Newtown Square

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19073

  - **Telephone number:** 2158829983

**Item A.2. Information about the Series.**

- **a. Name of Series:** Bastion Energy ETF

- **b. EDGAR series identifier (if any):** S000089502

- **c. LEI of Series:** 529900UPWTKNC4U6EC95

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-27

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $30806252.64

**Total Liabilities:** $18214.56

**Net Assets:** $30788038.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256092 | 1.88%                | 9.34%                | 5.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $508139.26                                 |
| Month 2  | $3733945.76              | $-1256659.67                               |
| Month 3  | $0.00                    | $1392447.71                                |

### Schedule of Portfolio Investments

| Name                                       | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Expand Energy Corp                         | Expand Energy Corp                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      8160 | NS      | $880627.20    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Net Power Inc                              | Net Power Inc                              | CUSIP: 64107A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    650946 | NS      | $1256325.78   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                       | Gulfport Energy Corp                       | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      4515 | NS      | $942099.90    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                    | Kodiak Gas Services Inc                    | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29802 | NS      | $1626295.14   | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                         | Energy Transfer LP                         | CUSIP: 29273V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62599 | NS      | $1179365.16   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners LP            | Enterprise Products Partners LP            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     34858 | NS      | $1259768.12   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                    | MPLX LP                                    | CUSIP: 55336V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15095 | NS      | $889699.30    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Mach Natural Resources LP                  | Mach Natural Resources LP                  | CUSIP: 55445L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65568 | NS      | $853695.36    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   5827546 | PA      | $5827545.59   | 18.93%            |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp                            | NextDecade Corp                            | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |    317605 | NS      | $1711890.95   | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                         | Liberty Energy Inc                         | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68446 | NS      | $1922648.14   | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                     | XPLR Infrastructure LP                     | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |    196648 | NS      | $2082502.32   | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                          | Kinder Morgan Inc                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     29941 | NS      | $996137.07    | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                      | Antero Resources Corp                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     37247 | NS      | $1371062.07   | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                     | Sempra                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      9971 | NS      | $959908.17    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                       | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     22338 | NS      | $1669095.36   | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                  | ONEOK Inc                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     17970 | NS      | $1487376.90   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13323 | NS      | $1249297.71   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                   | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     23920 | NS      | $1469166.40   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                           | Black Hills Corp                           | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     14911 | NS      | $1098344.26   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer