Slide 1: EON Resources Inc. Conference Call – May 2025
EON Resources Inc. Conference Call – May 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 – Ready for Launch
EON Resources – Ready for Launch • Trending in right direction: lower costs & solid income from operations • Making cuts in costs in response to lower commodity pricing • Financing is on-track to retire seller and senior debt in June • Discussions with potential drilling partners are on schedule • N
Slide 4: Income Statement Summary – Costs are Reducing
Income Statement Summary – Costs are Reducing Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Revenues 3,283,099 5,060,795 7,364,346 3,710,680 4,564,597 Operations expenses 3,236,877 3,066,234 3,144,277 3,434,571 2,751,382 General and administrative 2,309,824 2,323,662 2,235,263 3,512,347 2,084,544 Operating income (
Slide 5: Revenues – Hedging Program Mitigates Oil Price Drop
Revenues – Hedging Program Mitigates Oil Price Drop Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Net barrels of oil 64,339 61,259 62,949 62,140 62,702 Average oil price 77.27 79.76 83.80 67.05 70.06 Oil 4,971,150 4,885,959 5,275,254 4,166,335 4,392,605 Gas 178,608 128,084 89,978 86,816 139,532 Other 130,588 130,23
Slide 6: Production Impact on P&L
Production Impact on P&L Seven Rivers Fracs San Andres Horizonal Wells (Assumes no hedge) Per Well High End Mid-Point Low End (Assumes no hedge) Per Well High End Mid-Point Low End Oil price $ 65.00 $ 75.00 $ 65.00 $ 55.00 Oil price $ 65.00 $ 75.00 $ 65.00 $ 55.00 Gross BOPD per well 20 20 20 20 Gro
Slide 7: G&A Costs – Impact from Reductions Started in Q1
G&A Costs – Impact from Reductions Started in Q1 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Salaries and fees and related expenses 502,749 593,110 616,402 538,394 309,766 Salaries and fees - equity based 125,680 130,720 172,495 250,608 144,163 Salaries and director fees 628,429 723,830 788,897 789,001 453,930 Pr
Slide 8: Balance Sheet Summary
Balance Sheet Summary Q4-24 Q1-25 Cash 3.0 3.1 Includes reserve account Receivables 1.8 1.7 Collected within a month PP&E, net 97.5 98.1 LHO NM property Other assets 0.4 1.0 Total assets 102.7 103.9 Payables and accruals 17.5 16.8 Various field & corporate Debt including interest 47.4 46.4 Warrant l
Slide 9: Debt Structure as of March 31, 2025
Debt Structure as of March 31, 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 $22.5 m
Slide 10: Equity Structure as of March 31, 2025
Equity Structure as of March 31, 2025 • Common stock: There were 17 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 11: Funding Options
Funding Options • The Company is opposed to using excessive amount of equity for fund raising. Options for a properly balanced approach are: • Volumetric funding • Debt financing • Equity instruments • Volumetric funding as described in our March 20th press release • A production/revenue sharing ins
Slide 12: Operations – 2024
Operations – 2024 • Safety – No reportable incidents • Operational highlights • Stabilized production • Water and flowline repairs and upgrades • Electrical repairs and upgrades • Purchased key pumps, hot oiler, well testers, etc. • Reduced LOE to $683K per month from 2024 runrate of 700K 12
Slide 13: Operations – Increasing Production
Operations – Increasing Production • Plans to increase production • Sand fracs with low temperature RCS has been successful • Acid treatment with improved formula has been successful • Bringing back on-line down wells and injection wells • Horizontal well program 13
Slide 14: Questions & Thank You for Attending
Questions & Thank You for Attending NYSE American: EONR https://www.EON-R.com/
Slide 15: Disclaimer
Disclaimer • 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 or other
Slide 16: Disclaimer
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, beliefs, inte