Slide 1: EON Resources Inc. Conference Call – August 2025
EON Resources Inc. Conference Call – August 2025 NYSE American: EONR https://www.EON - R.com/
Slide 2: Presenters and Management Team
Presenters and Management Team • Michael J. Porter – Investor Relations • Dante V. Caravaggio – CEO • Mitchell B. Trotter – CFO • Jesse J. Allen – VP of Operations • David M. Smith – General Counsel 2
Slide 3: EON Resources – Positioned for 2026
EON Resources – Positioned for 2026 • Upward trend in production • Lower costs and solid income from operations • Company anticipates breakeven by year end 2025 • Financing is progressing to retire seller and senior debt • Horizontal drilling program is on schedule to commence Q1 2026 • 4 well servi
Slide 4: Income Statement Summary – Costs are Reducing
Income Statement Summary – Costs are Reducing 4 • Revenue impacts from production, prices and derivatives are described on another slide • G&A reductions and other impacts are described on another slide • Lease operating expenses dropped to $665K per month from the $718K average for 2024 • Interest
Slide 5: Revenues – Hedging Program Mitigates Oil Price Drop
Revenues – Hedging Program Mitigates Oil Price Drop 5 • Oil revenues were impacted by: • Production incurred temporary dip that is discussed in operations section • Actual average oil sold price per barrel was down for the quarter • Hedging at $70.00 recouped $290K of cash • Hedging derivative impac
Slide 6: G&A Costs – Impact from Reductions Started in Q1
G&A Costs – Impact from Reductions Started in Q1 6 • Salaries and fees decreased starting Q1 by $300K - plus per quarter • Equity based costs of $138K were incurred in accordanc e with consulting contracts • Professional fees for legal, audit and consulting services primarily reflect reporting requi
Slide 7: Balance Sheet Summary – Improving
Balance Sheet Summary – Improving 7 • Debt and equity components on following slides • Cap - ex spend for the quarter was $730K • Company has made, and is continuing to make, improvements to the balance sheet Q1-25 Q2-25 Cash 3.1 3.1 Receivables 1.7 1.4 PP&E, net 98.1 100.1 Other assets 1.0 1.4 Tota
Slide 8: Debt Structure as of June 30, 2025
Debt Structure as of June 30, 2025 • Reserve Based Loan (“RBL”) : First International Bank & Trust (“FIBT”) provided at $28 million RBL at acquisition closing. • The debt has a five - year amortization schedule with maturity in three years, and an interest rate of 15 percent. • The balance was $21.4
Slide 9: Equity Structure as of June 30, 2025
Equity Structure as of June 30, 2025 • Common stock : There were 34 million shares outstanding. • Preferred stock : There are no preferred stock shares issued on the 1.0 million shares authorized, and there are no designated classes of preferred stock. • There are $15 million of preferred units at a
Slide 10: Funding
Funding • Subject to execution of definitive documents, we expect to fund the $41 to $53 million using volumetric funding ("VM") via the sale of one or more ORRI packages. • The funding is to discharge our $20.5 million settlement with Seller and to retire the Company's senior debt for $18.5 million
Slide 11: Operations – Grayburg-Jackson Field (GJF)
Operations – Grayburg - Jackson Field (“GJF”) • Safety – No reportable incidents • Temporary dip in production • Dropped to 810 BOPD and current is 920 BOPD • On - going water injection mechanical problems nearing completion • Downtime to perform acid treatments: 13 wells resulted sustained 52 BOPD
Slide 12: Operations – South Justis Field (SJF)
Operations – South Justis Field (“SJF”) • Safety – No reportable incidents • Acquired in June 2025 with initial field rate of 88 BOPD • Contracted well service rig to return to production 3 down wells • In addition, used the rig to return to production 3 idle / inactive wells • Current production at
Slide 13: Questions & Thank You for Attending
Questions & Thank You for Attending NYSE American: EONR https://www.EON - R.com/
Slide 14: Disclaimer
Disclaimer • This presentation of EON Resources Inc . (“EON” or the “Company”) shall not constitute a “solicitation” as defined in Rule 14 a - 1 of the Securities Exchange Act of 1934 , as amended . • This presentation is not an offer, or a solicitation of an offer, to buy or sell any investment or
Slide 15: Disclaimer – Forward-Looking Statements
Disclaimer • Forward - Looking Statements • Statements in this presentation which are not statements of historical fact are “forward - looking statements” . Our forward - looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, belief