Slide 1: EON Resources Inc. Conference Call – April 2025
EON Resources Inc. Conference Call – April 2025 NYSE American: EONR https://www.EON-R.com/
Slide 2: Presenters
Presenters • Michael J. Porter – Investor Relations • Dante V. Caravaggio – CEO • Mitchell B. Trotter – CFO • Jesse J. Allen – VP of Operations 2
Slide 3: Why Invest in EON Resources?
Why Invest in EON Resources? • World class Permian asset with 1 billion original barrels in place • Repaired and upgraded most of the field condition issues in 2024 • Agreement with Seller has huge benefits (see press release on Feb 11th) • Reduced the original $120 million purchase price to $60 mil
Slide 4: Why Invest in EON Resources? (continued)
Why Invest in EON Resources? (continued) • Horizontal drilling program in the San Andres (see Feb 26thpress release ) • Possible recovery of an additional 20 million barrels of oil • 50 well locations have been identified with an estimated recovery of 300 to 400 BOPD per well • Immense upside potent
Slide 5: Financials – Income Statement Summary
Financials – Income Statement Summary Q1 Q2 Q3 Q4 YTD Revenues 3,283,099 5,060,795 7,364,346 3,710,680 19,418,919 Operations expenses 3,236,877 3,066,234 3,144,277 3,434,571 12,881,959 General and administrative 2,309,824 2,323,662 2,235,263 3,512,347 10,381,095 Operating income (2,263,601) (329,101
Slide 6: Cash Revenues Averaged $5 Million per Quarter
Cash Revenues Averaged $5 Million per Quarter Q1 Q2 Q3 Q4 YTD Net barrels of oil 64,339 61,259 62,949 62,140 250,686 Average oil price 77.27 79.76 83.80 67.05 76.98 Oil 4,971,150 4,885,959 5,275,254 4,166,335 19,298,698 Gas 178,608 128,084 89,978 86,816 483,486 Other 130,588 130,230 98,452 127,839 4
Slide 7: 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 8: General and Administrative (“G&A”) Cost Summary
General and Administrative (“G&A”) Cost Summary Q1 Q2 Q3 Q4 YTD Salaries and fees and related expenses 502,749 593,110 616,402 538,394 2,250,654 Salaries and fees - equity based 125,680 130,720 172,495 250,608 679,502 Salaries and director fees 628,429 723,830 788,897 789,001 2,930,157 Professional
Slide 9: Non-Cash Expenses
Non-Cash Expenses Q1 Q2 Q3 Q4 YTD 1. Hedging derivatives: Driven by oil Revenues without derivatives 5,280,347 5,144,273 5,463,684 4,380,990 20,269,293 prices at end of each quarter 1 Gain (loss) on derivative instruments (1,997,248) (83,478) 1,900,661 (670,310) (850,374) Total revenues 3,283,099 5,
Slide 10: Balance Sheet Summary
Balance Sheet Summary Year end Cash 3.0 Includes reserve account Receivables 1.8 Collected within a month PP&E, net 97.5 LHO NM property Other assets 0.4 Total assets 102.7 Payables and accruals 17.5 Various field and corporate Debt including interest 47.4 Described on another slide Warrant liabilit
Slide 11: Debt Structure as of December 31, 2024
Debt Structure as of December 31, 2024 • 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 $23
Slide 12: Equity Structure as of December 31, 2024
Equity Structure as of December 31, 2024 • Common stock: There were 10 million shares of Class A common stock and 500K shares of Class B common stock outstanding. • The Class B common stock has voting rights only and can be converted on a one-for-one basis for Class A common stock • Preferred stock:
Slide 13: 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 14: Operations – 2024
Operations – 2024 • Safety – No reportable incidents • 2024 highlights • Stabilized production • Water and flowline repairs and upgrades • Electrical repairs and upgrades • Purchased key pumps, hot oiler, well testers, etc. • Reduced LOE from Q1 and before runrates 14
Slide 15: Operations – Increasing Production
Operations – Increasing Production • Plans to increase production • Sand fracs with low temperature RCS has been successful • Bringing back on-line down wells and injection wells • Horizontal well program 15
Slide 16: Questions & Thank You for Attending
Questions & Thank You for Attending NYSE American: EONR https://www.EON-R.com/
Slide 17: 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 18: 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