EON Resources Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural ...
EON Resources Inc. (EONR) is a small-cap independent energy company listed on the NYSE American, with a market capitalization of approximately $24.3 million. The company operates as an upstream oil and gas producer with a strategic focus on the Permian Basin, one of the most prolific oil-producing regions in the ...EON Resources Inc. (EONR) is a small-cap independent energy company listed on the NYSE American, with a market capitalization of approximately $24.3 million. The company operates as an upstream oil and gas producer with a strategic focus on the Permian Basin, one of the most prolific oil-producing regions in the United States. EON holds a 100% working interest in its core property, which includes 342 producing wells, 207 water injection wells, and one water source well, spanning around 13,700 acres. This asset base underpins the company's operations, though its financial performance has been challenging. For the trailing twelve months, EON reported a negative operating cash flow per share of -$0.25 and a free cash flow per share of -$0.70, reflecting significant capital expenditures (capex-to-revenue ratio of 1.32) and operational losses. However, the company has shown a gross profit margin of 82.9%, indicating strong revenue generation relative to direct production costs, but high SG&A expenses (101.1% of revenue) and capital spending have weighed on profitability. EON's net profit margin stands at 19.9%, and it achieved positive return on equity (8.7%) and return on assets (2.9%) in the TTM period. The company has a modest debt structure with a debt-to-equity ratio of 0.088, but its working capital is negative (-$9.94 million), indicating potential liquidity constraints. EON's leadership is headed by CEO Dante V. Caravaggio, who brings over 40 years of experience in the oil and gas industry and was appointed in December 2023. The company was originally formed in December 2020 as HNR Acquisition Corp, a special purpose acquisition company, and completed its initial public offering in February 2022. After a business combination, it pivoted to the energy sector and was renamed EON Resources Inc. in September 2024. With only 12 full-time employees, EON operates as a lean organization, focusing on maximizing value from its Permian Basin assets. The company's enterprise value of $28.8 million suggests a slight premium to market cap, reflecting its debt levels. While growth prospects may be limited by its size and financial position, EON's strategic focus on the Permian Basin and experienced management team position it to capitalize on oil and gas market opportunities. The company's stock has traded in a range of $0.271–$1.58, reflecting high volatility and speculative interest. As an emerging entity in the energy sector, EON Resources represents a high-risk, potentially high-reward investment, dependent on commodity prices, operational efficiency, and successful execution of its development plans.
EPS estimate unavailable · Fiscal period ending 2026-06-30
D+1
5Y Trend (Revenue, Earnings, FCF)
Metric
Latest
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$20.3M
-24.4%
+24.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-9.1M
-125.3%
+532.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+79.7%
-20.3%
-0.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-19.0%
-197.1%
-583.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-44.8%
-198.1%
+448.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$125624
-92.5%
-1389.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.6%
-90.0%
-1098.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
1389.1%
+188.4%
-96.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.14x
-58.1%
+63.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Welcome to the EON Resources Inc. announces Third Quarter 2025 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, David Smith. Sir, the floor is yours.
David M. Smith, Esq.: Good afternoon to everyone. I'm David Smith. I'm General Counsel for the company. Glad to join you this afternoon. I need to, as we get started, go to review our safe harbor statement regarding today's conference call. Please note that on this call, we will be making forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today. They should not be relied upon as representative of views as of any subsequent date, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, in light of new information or future events. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. Further information regarding these and other risks and uncertainties, are included in the company's annual report on Form 10-K for the fiscal year ended December 31, 2024, and in other documents filed with the U.S. Securities and Exchange Commission. Today, I would like to introduce our presenters, the executive management staff of the company. You'll see on the slide, if you're participating in the webcast, Dante Caravaggio, he is our CEO; Mitchell Trotter, our Chief Financial Officer; myself; and Jesse Allen, who is our Vice President of Operations. To get started and to kick this off, I'd like to make a few points about the third quarter. It was a remarkable quarter. We had record net income of $5.6 billion. We retired all $41 million of senior and seller debt. We retired all preferred shares that had a redemption value of $27 million, and we increased shareholder equity by $22.7 million. In addition, we acquired a 10% override with the original seller group who had retained it when we purchased the Grayburg-Jackson Field and the company that owned it. Additionally, we were able to Farmout the San Andres formation for a Horizontal Well Drilling Program in which we retain a 35% working interest throughout that program. This is in addition to the retention and continued development of the formations other than the San Andres, which includes our current wells and producing programs. So those are unaffected by this drilling program, that will kick off next year. The thing to really note is this was all done and closed on September 9, and we took on absolutely no debt to achieve these results. So a remarkable time. The drilling program that I described will be over the next 5 years. We expect to drill as many as 92 wells under that program. We will continue to [ maintain ] that …
