Slide 1: Fiscal Year 2025 Earnings Call
NYSEAM:EONR Fiscal Year 2025 Earnings Call April 2026 Eon Resources Inc. NYSE-AM:EONR https://www.EON-R.com/
Slide 2: Presenters
Presenters NYSEAM:EONR Dante V. Caravaggio Mitchell B. Trotter David M. Smith Jesse J. Allen CEO CFO VP & General Counsel VP of Operations 2
Slide 3: Company Overview – 100% Permian Basin Focused
Company Overview – 100% Permian Basin Focused NYSEAM:EONR Permian Basin Leasehold Acres ~ 20,000 acres (two fields) Grayburg-Jackson Oil Field (Eddy County) & Fields South Justis Field (Lea County) Wells (Producing + Injection) ~ 750 wells across both fields Current Oil Production Over 1,000 barrels
Slide 4: Celebrating 2025 Successes
Celebrating 2025 Successes NYSEAM:EONR • September 9th recapitalization funding • $45 million of ORRI (over-riding royalty interest) funding • Retired and eliminated $41 million of senior and seller debt • Eliminated preferred shares that had a $27 million redemption value • Resulted in approximatel
Slide 5: Poised for Growth in 2026 and Beyond
Poised for Growth in 2026 and Beyond NYSEAM:EONR • Elevated oil prices are expected to produce solid revenues • March had approximately a $300K increase in oil revenues from higher prices • New production is unhedged (naked) to take advantage of higher oil prices • Horizontal drilling program under
Slide 6: 2025 Financial Results Summary – Unaudited
2025 Financial Results Summary – Unaudited NYSEAM:EONR • The September 9, 2025 recapitalization and Farmout Agreement and the related instruments and events drove the overall financial results • Looking behind the numbers, it tells a good and promising story for EON • The core numbers for 2025 and 2
Slide 7: Revenues – Unaudited
Revenues – Unaudited NYSEAM:EONR • Revenues for 2025 were $17 million compared to $19 million in 2024 • Net oil production was 250K barrels of oil for both years • Average oil price for 2025 was $13 a barrel lower than 2024 2023 2024 2025 Jan/Feb-26 March-26 Current 77.16 76.98 63.22 62.32 89.51 96.
Slide 8: Operations Expenses – Unaudited
Operations Expenses – Unaudited NYSEAM:EONR • Lift costs or lease operating expenses (“LOE”) • The LOE for the GJF was reduced by approximately $500K for the year • The June acquisition of the SJF added a half year of LOE (in millions) 2024 2025 GJF 8.6 8.1 SJF 0.8 Total LOE 8.6 8.9 • Depletion & de
Slide 9: General & Administrative (“G&A”) – Unaudited
General & Administrative (“G&A”) – Unaudited NYSEAM:EONR • Recurring G&A cost structure was reduced from approximately $8.0 million in 2024 to $7.0 million in 2025 (in thousands) Reduction Audit fees (500K) Legal expense (400K) Consulting 300K Insurance costs (400K) Reduction in 2025 G&A (1.0 millio
Slide 10: Other Income and Expense – Unaudited
Other Income and Expense – Unaudited NYSEAM:EONR • The interest expense for 2025 was lower due to: the retirement of the senior debt on September 9, 2025; and reduction of the private loans and convertible notes across the year • As a result of the September 9, 2025 funding, there was a gain of $13.
Slide 11: Balance Sheet – Unaudited
Balance Sheet – Unaudited NYSEAM:EONR • The assets have no dramatic changes from the third quarter • The liabilities and equity structure had major improvements in 2025 • Retired $21 million of senior debt • Retired $15 million of seller note and reduced $5 million of related accrued interest • The
Slide 12: Operations – Grayburg-Jackson & South Justis Fields
Operations – Grayburg-Jackson & South Justis Fields NYSEAM:EONR • Safety – No reportable incidents • Combined production at GJF and SJF remains consistent at approximately 1,000 gross barrels of oil per day (“BOPD”) • Completed the 2-mile injection line replacement at GJF • Sourcing volumetric fundi
Slide 13: Operations – San Andres Horizontal Drilling Program
Operations – San Andres Horizontal Drilling Program NYSEAM:EONR • San Andres Farmout to Virtus signed on September 9, 2025 • 5 vertical wells in San Andres underway – Expected to be completed by June • First 3 horizontal wells expected to be completed in June to July • An additional 10 horizontal we
Slide 14: Summary
Summary NYSEAM:EONR • Why is EON a great long-term investment? • Balance sheet was cleaned up reducing $41 million of senior debt and eliminating preferred shares with a redemption value of $27 million • The horizontal drilling program is on pace for a strong 2026, and for several years under the 92
Slide 15: Questions and Answers
Questions and Answers NYSEAM:EONR • We want to address what is important to you • Please call in or enter our questions into the web portal • You can reach out to our investor relations contact on the EON website 15
Slide 16: Thank You for Interest in EON Resources Inc.
Thank You for Interest in NYSEAM:EONR EON Resources Inc. (NYSE-AM:EONR) 3730 Kirby Drive, Suite 1200 Investor Relations Company Website Houston, Texas 77098 mike@plrinvest.com https://www.EON-R.com/
Slide 17: Disclaimer
Disclaimer NYSEAM:EONR This presentation of EON Resources Inc. (“EON” or the “Company”) shall not constitute a “solicitation” as defined in Rule 14a-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 o
Slide 18: Disclaimer (cont.)
Disclaimer (cont.) NYSEAM:EONR 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, hope