Slide 1: Third Quarter of 2025 Earnings Call
NYSEAM:EONR Third Quarter of 2025 Earnings Call November 2025 Eon Resources Inc. NYSE - AM:EONR https:// www.EON - R.com/
Slide 2: Presenters
NYSEAM:EONR Presenters Dante V. Caravaggio CEO Mitchell B. Trotter CFO David M. Smith General Counsel Jesse J. Allen VP of Operations 2
Slide 3: Company Overview
NYSEAM:EONR Company Overview ~ 20,000 acres (two fields) Leasehold Acres Fields Wells (Producing + Injection) Current Oil Production Reserves / Original Oil In Place (OOIP) Field Depths / Zones Development Plans / Upside Grayburg - Jackson Oil Field (Eddy County) & South Justis Field (Lea County) ~
Slide 4: EON Resources – Historical Third Quarter
NYSEAM:EONR EON Resources – Historical Third Quarter 4 • Funding of $45.5 million closed on September 9, 2025 • $40.5 million of volumetric/ORRI funding from private investor • $5.0 million from Virtus for the San Andres Farmout agreement • Major improvement to the balance sheet • Retired and elimin
Slide 5: Recent Financing Highlights
NYSEAM:EONR Recent Financing Highlights 5 $45.5 Million of Funding Closed (Q3 2025) • $20.0 million → 15% royalty interest in Grayburg - Jackson Field • $20.5 million → 5% royalty interest in San Andres formation (Farmout program) • $5.0 million → Farmout of additional San Andres formation rights •
Slide 6: Balance Sheet – Major Improvements
NYSEAM:EONR Q3 Q2 Q1 875,604 3,060,971 3,074,094 Cash 1,790,099 1,652,177 1,957,188 Receivables 84,197,401 100,088,351 98,089,791 PP&E, net 2,652,194 1,162,497 738,973 Other assets 89,515,298 105,963,996 103,860,046 Total assets 6,160,396 7,779,960 8,244,644 Accounts payable 3,911,147 9,118,446 8,39
Slide 7: Income Statement – Historical Results
NYSEAM:EONR Income Statement – Historical Results Expenses: • GJF LOE consistent quarter to quarter with SJF LOE added in Q3 • Recurring G&A costs are declining. The Q3 results includes $1.1 million of expenses from the funding Gains: • Gain as result of funding & farmout • Gain from retirement of s
Slide 8: Operations
NYSEAM:EONR Operations 8 • Safety – No reportable incidents • Combined production remains consistent at approximately 1,000 gross barrels of oil per day (“BOPD”) • There are 4 well service rigs across both fields • Installed 2 miles of injection pipeline by end of Q3. Pressure testing and fine - tun
Slide 9: Farmout Overview
NYSEAM:EONR Farmout Overview • EON Resources Inc. (“EON” or the “Company”) entered into a Farmout Agreement (the “Farmout”) to a subsidiary of Virtus Energy Partners, LLC (“Virtus”) on September 9, 2025 Farmout Highlights $5.0 million Consideration Received 65% Post Deal Working Interest (San Andres
Slide 10: EON Resources – What's Next
NYSEAM:EONR EON Resources – What’s Next 10 • Upside • Improving financials with increased oil production through 2026 • Waterline gets energized in Q4 adding 150 BOPD within 90 days of line start - up • A material acquisition in 1st half of next year • Horizontal drilling to commence in Q2 of 2026 •
Slide 11: Thank You for Interest in EON Resources Inc.
NYSEAM:EONR Thank You for Interest in EON Resources Inc. (NYSE - AM:EONR) Company Website https:// www.EON - R.com/ Investor Relations mike@plrinvest.com 3730 Kirby Drive, Suite 1200 Houston, Texas 77098
Slide 12: Disclaimer
NYSEAM:EONR Disclaimer 12 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 inv
Slide 13: Disclaimer (cont.) Forward-Looking Statements
NYSEAM:EONR Disclaimer (cont.) 13 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 expectat