# EDGAR Filing Document

**Accession Number:** 0001842556
**File Stem:** 0001213900-26-005926
**Filing Date:** 2026-1
**Character Count:** 28462
**Document Hash:** fec33cf7279fb92981f0322829f06e5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-005926.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001213900-26-005926

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260121

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**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:** 26544942

**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): January 21, 2026**

**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 8.01 Other Events.**

On January 21, 2026, EON Resources Inc. (the "Company") issued a letter to the Company's stockholders (the "Stockholder Letter"). A copy of the Stockholder Letter is attached as Exhibit 99.1 to this Current Report on Form 8-K. Also furnished as Exhibit 99.2 to this Current Report on Form 8-K is a press release issued by the Company with regard to the Stockholder Letter.

The information in this Item 8.01 and in Exhibit 99.1 and Exhibit 99.2 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 | [Stockholder Letter dated January 21, 2026.](ea027343701ex99-1_eonresour.htm) |
| 99.2 | [Press Release of EON Resources Inc. issued January 21, 2026.](ea027343701ex99-2_eonresour.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.

---

| | | |
|:---|:---|:---|
| January 21, 2026 | **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**

![](ex99-1_001.jpg)

January 21, 2026

To Shareholders of EON Resources Inc. ("EON" or the "Company")

**Re: 2025 Year in Review – Another year to remember in EON's growth journey** 

Dear Valued Shareholder:

We thank you for your continued interest and investment in our company. We would like to provide you with a preliminary summary of what we believe to be a successful 2025. The year had some big successes with the most significant being the September 9<sup>th</sup> closing of the farmout and funding that changed our balance sheet. The year also had its challenges, and this letter summarizes both the ups and downs. At the end of the day, we believe it was a net positive year that positions EON and our shareholders for a bright future.

Looking back at 2025 and the progress we have made to date makes us proud of our management team of professionals with decades of experience in petroleum and business management. This team, with the support of the board of directors, drove to conclusion the actions that defined 2025 for EON which included:

● The recapitalization through funding that closed
in September;

● Entering into a game-changing farmout concurrent
with the funding for a horizontal drilling program in the San Andres zone in our Eddy County holdings; and

● The continued development of our Grayburg-Jackson
oil field (the "  ***GJF*** ").

Our team is dedicated to the hard work it takes to drive profit from oil and gas revenue for our shareholders. We believe we will accomplish the goals as we set them. This belief is why our team purchased stock in the open market during trading periods where personal trading by certain officers and directors were allowed. In December 2025, we announced that members of our team purchased an additional 1,561,000 shares of common stock, bringing total ownership among the team to approximately 10% of the outstanding shares of EON.

NYSE American: EONR Website: EON-R.com

![](ex99-1_001.jpg)

**<u>Recapitalization Funding Closed on September 9<sup>th</sup></u>**

On September 9, 2025, we closed on a total funding of $45.5 million, which we used to: settle the agreement with the seller of the GJF; retire our senior debt; and establish the farmout agreement discussed further below. More on the funding can be found in the press release announcing the closing and in our shareholder letter describing the recapitalization of EON. The funding was a combination of volumetric funding instruments, a farmout of our San Andres rights, the sale of overriding royalty interests in GJF, and certain compromises with creditors resulting in financial successes that included the following:

● **$20 million in senior institutional debt was satisfied in full**, thereby eliminating $700,000 in monthly principal and interest payments.

● **A $20 million Promissory Note to the seller of the GJF was satisfied in full** (principal and accrued interest) for $7 million in cash.

● **Preferred Units in our subsidiary owned by the seller of the GJF were returned to the Company** which had a redemption value of $27 million and a potential conversion to a large
number of shares of Class A Common Stock in exchange for 1.5 million shares of Class A Common Stock of EON.

● **We acquired a 10% overriding royalty interest** ("  ***ORRI***") in the Company's principal asset, the GJF from the seller of the GJF for $13.5 million.

The funding significantly improved our debt and equity position and potentially opens up opportunities for future acquisitions and funding sources for the development of our properties.

**<u>Farmout of the San Andres Formation in the Grayburg-Jackson Field</u>**

On September 9, 2025 in conjunction with the funding close, the Company entered into a Farmout Agreement (the "***Farmout***") with a subsidiary of Virtus Energy Partners, LLC ("***Virtus***"). Under the terms of the Farmout, Virtus acquired the right to develop the Company's San Andres formation within the GJF. Virtus believes there are as many as 92 horizontal drilling locations that are prospective. A subsidiary of Virtus will be the designated operator of the horizontal wells and lead the development efforts. More information can be found in our press release announcing the Farmout, and on the page of the EON website for the GJF operations.

Virtus specializes in horizontal drilling in the Permian Basin. Virtus will concentrate on one of four main producing horizons in the San Andres formation. According to the U.S. Geological Survey, this is the most prolific reserve of hydrocarbons in the Permian Basin with an estimated production potential of 3.9 billion barrels. We have been working with Virtus in selecting locations to begin drilling horizontal wells in the San Andres formation in 2026. We are working with the regulatory authorities on drilling permits now. We expect permitting to be completed in the second quarter of 2026, with drilling to commence shortly thereafter. Key aspects of the Farmout plans for 2026 and beyond are:

● **Virtus has an experienced team** with a
skill set that we lack with a proven record in horizontal San Andres development in the Permian Basin. The Company retains a 35% working
interest ("  ***WI***") in all Farmout acreage which includes many benefits to the Company.

NYSE American: EONR Website: EON-R.com

![](ex99-1_001.jpg)

● **The Farmout included a $5 million cash sale of a 65% leasehold working interest in the San Andres formation with a possible reversion if drilling is not completed, plus up to $2 million in evaluation workover funding.** The leasehold sale price received by EON is being used for Company obligations and field work
activities. The additional sum of up to $2 million in evaluation workover funding is to be provided by Virtus for a small number of existing
vertical wells in the GJF that will help define optimal completion methods when horizontal drilling commences in the second quarter of
2026. These workovers are estimated to add 100 to 300 net barrels of oil per day ("  ***BOPD***") to EON's production
with no cost to EON.

● **The Company will be carried to the tanks for its 35% working interest in the initial three (3) horizontal wells drilled under the Farmout.** Horizontal wells in the San Andres
Formation are estimated to cost $3.5 to $4.0 million each to drill. As modeled by Virtus, each horizontal well is expected to initially
produce 300 to 500 barrels of oil per day ("  ***BOPD*** "). We expect the Company's retained 35% WI in this undertaking
to net the Company 100 to 200 BOPD per well, or 300 to 600 BOPD total for the three wells. We currently believe the three well carry and
resulting production from horizontal wells drilled should produce sufficient cash flow to fund our portion of future drilling which could
be as many as 92 horizontal wells once the economic profile of the San Andres Formation is proven.

● **EON received $20 million for the sale of a 5% overriding royalty interest in future production from the San Andres formation**. The San Andres formation was not EON's primary
focus which, instead, is the waterflood of the Seven Rivers formation of the GJF. Instead, the San Andres formation will be the sole focus
of Virtus. Allowing EON and Virtus to focus on separate objectives will serve to accelerate shareholder value beyond what EON could do
with only our own resources. This $20 million sale is only on production from the San Andres formation without loss or reduction of any
current income or revenues.

● **Virtus hit the ground running and is well underway** in the preliminary tasks and the permitting process. The initial three horizontal well sites have been identified and the
permitting process has commenced. Virtus expects the drilling permits to be received from the BLM with NMOCD approval in the first quarter
with drilling to commence in the second quarter of 2026. Virtus and EON have identified and are securing acquisition of five wellbores
with an anticipated close in early 2026. The recompletion of the five wellbores to the lower San Andres for data acquisition to aid in
maximizing the horizontal drilling development plan is expected to be completed in the first quarter. The five wells, if all are recompleted
successfully, are expected to boost our net production by an expected 100 to 300 BOPD by the start of the second quarter. Virtus is in
process of the overall facility design and cost estimate for the horizontal drilling program including the tie-in of the five wellbore
recompletions.

NYSE American: EONR Website: EON-R.com

![](ex99-1_001.jpg)

Drilling and completions under the Farmout is expected to result in production and cash flow in the third quarter of 2026 and is forecasted to have significant benefits to EON. More information on the horizontal drilling program can be found in our latest Horizontal Drilling deck located on the EON website for the GJF operations.

**<u>The development of our Grayburg-Jackson oil field ("GJF")</u>**

The GJF was EON's first acquisition in November 2023. The GJF was acquired because of the potential of the waterflood program, which is primarily in the Seven Rivers interval. We still see significant potential from the waterflood in addition to the expected significant upside from the horizontal program under the Farmout arrangement. The GJF comprises approximately 13,700 contiguous leasehold acres where the leasehold rights range from as shallow as 1,500 feet to 4,000 feet in depth, and has original-oil-in-place ("OOIP") of approximately 956 million barrels of oil. To start tapping into the upside potential, the Company has had to spend two years stabilizing the production and upgrading the infrastructure due to the condition of the field at acquisition date. We made significant progress in 2025, and are now at a point where we have started to expand the production by tapping into the non-producing reserves. Key aspects of the GJF in 2025 are:

● **Our field operating team is safety focused**.
For 2025, there were no lost time accidents. The company field employees worked 31,000+ man-hours in 2025 without a single lost time accident.
With the infrastructure upgrades performed and completed in late 2023 and in 2024, we were able to virtually eliminate reportable spills.
For the past 2+ years since we purchased the GJF, we have reduced spills by over 90% from the previous operator.

● **A major infrastructure enhancement in 2025 was the Skelly Unit water trunkline**. The trunkline had been left out of service by previous operator prior to our purchase. We installed
the trunkline, and returned the line to service in late November 2025 after numerous installation delays and pipe manufacturing issues.
We returned 9 water injection wells in the Skelly Unit to service by end of 2025, and anticipate another 9 wells in the first quarter
of 2026. The estimate of additional production is 100+ BOPD once the return to water injection impact is realized.

NYSE American: EONR Website: EON-R.com

![](ex99-1_001.jpg)

● **Stabilizing production has been a two-year effort**. In 2025, we dedicated the use of a single workover rig to return idle wells to production and service those wells down due
to a downhole failure. We added a second workover rig in June 2025, a third rig in late July 2025, and a fourth rig in late September
2025 to accelerate returning idle and inactive wells to service. The total producing wells pulled or serviced in 2025 was 194 wells plus
another 12 water injection wells for a total of 206 wells. See plot below for impact.

● **From May to July 2025, we performed 13 acid stimulations** using a JACAM proprietary formulation that helped arrest production decline from March to April 2025. Production had
dropped to less than 800 BOPD and was back up to ~900 BOPD by August 2025. See plot below for impact.

● **In 2025, we tested the use of resin coated sand ("RCS") for fracs**. We found RCS fracs to be superior to regular sand fracs and fly ash fracs that had been used in
the past. The West A 31 well and the Turner B 102 well were refraced with RCS after initially being fraced at the end of 2024 with fly
ash. After the refracs with RCS, combined production of the two wells was doubled to 12 BOPD. The results were encouraging enough that
future recompletions will be performed using RCS.

● **The production impacts and trends for the GJF in 2025** are shown in the plot below.

![](ex99-1_002.jpg)

NYSE American: EONR Website: EON-R.com

![](ex99-1_001.jpg)

The work on the GJF for the waterflood program has put us in good position to start to significantly improve production as we enter 2026. The main repairs and upgrades to the field were substantially complete by the end of 2025. The workovers and activation of idle and down wells have brought 60 idle wells back into service. Along with the knowledge gained on RCS fracs and acid stimulations has been valuable to our path forward. For more information on the property can be located on the Grayburg-Jackson Field page of our website.

**<u>Other actions to better EON for the future</u>**

● **Oil and gas price outlook and our hedging strategy**: Oil prices short-term (2026) and long-term (2027 onward) are hard to predict. There are many factors to consider, such as:
2026 being election year; the unrest in the world; cheap oil on the market from Venezuela, Russia and Iran; and the drilling in the Permian
ebbs and flows the inverse of oil prices. Accordingly, back in early September 2025 when oil prices were holding in the mid $60's,
the Company started taking hedge positions to build a base 2026 hedge position. The Company has continued to add to the 2026 hedges on
an opportunistic basis when oil prices spike up. Our current position is that we are 50% of our oil production hedged through June, and
25% hedged for the second half of 2026. The weighted average of our hedges is over $60.00. The Company will continue to monitor oil prices
and add to our hedges for 2026 and into 2027.

● **Expected earnings growth**: We are often
asked by investors -- what is the forecast for earnings and when we expect earnings growth? While the GJF waterflood program is starting
to move upward, the strongest earnings growth is expected to come from the GJF horizontal drilling program. We expect to drill approximately
10 horizontal wells into the San Andres by the end of 2026. Each well is expected to average 400 gross BOPD. Our 35% working interest
means 10 wells add this adds 1000 net BOPD to EON. This net production add is double our current production, and comes with little increment
G&A costs.

● **Acquisition considerations**: As openly
discussed on our investor calls, EON has multiple acquisitions under consideration to build on our base. Our view is that this is a great
time to purchase oil and gas properties, while oil prices are in the $60 per barrel range. We expect to potentially complete one or two
acquisitions this year, and expect to use a combination of financing instruments as we have in the past in a balanced approach.

NYSE American: EONR Website: EON-R.com

![](ex99-1_001.jpg)

**<u>Summary</u>**

In 2025, we focused on driving growth and investing in infrastructure to make EON a stronger company while still working toward increasing the overall value of the company and progressing toward profitability. We had a defining moment in September closing on the recapitalization funding and establishing the San Andres horizontal drilling program Farmout agreement. We cannot be any prouder of our team with their dedication and hard work to achieve these results in such a short period of time.

Looking forward, we are exploring opportunities to increase production, and control and reduce costs on existing operations to maximize the value to you, our shareholders.

We are excited about EON's future, and are confident in our ability to deliver value and profit to you, our shareholders. We thank you for investing in our company, and for your ongoing loyalty and support. We look forward to have you onboard and enjoy the next phase of our growth journey.

Sincerely,

---

| | |
|:---|:---|
| /s/ Joseph V. Salvucci | /s/ Dante Caravaggio |
| Joseph V. Salvucci Sr., Chairman | Dante Caravaggio, President & CEO |

---

January 21, 2026

**Forward-Looking Statements**

This letter 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.

NYSE American: EONR Website: EON-R.com

## Exhibit 99.2

**Exhibit 99.2**

**EON Resources Inc.**

**Chairman and CEO Issues Letter to Shareholders** 

**HOUSTON, TX / January 21, 2026 / EON Resources Inc. (NYSE American: EONR) ("EON" or the "Company")** is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company's Chairman and CEO issues a letter to the shareholders concerning a recap of events involving EON in calendar year 2025.

The letter can be found on the EON website under the Governance section of the Investor Relations page. Link: EON Shareholder Letters and the EON website link: www.EON-R.com

**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 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 owned and operated by LH Operating, LLC, our wholly owned subsidiary. The GJF is comprised 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 of the Company's interest in the San Andres formation where production will primarily be under a horizontal drilling program in which the Company expects up to 90 new horizontal wells to be drilled and completed over the next five years. More information on the GJF 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