EON Resources (EONR)
Develops mature Permian fields through waterflooding, workovers and partner-operated horizontal drilling.
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Produces crude oil, natural gas and NGLs from mature Permian Basin fields, earning virtually all revenue from oil and gas sales. Its operating model pairs waterflooding, workovers and reactivations with partner-operated horizontal development, while the asset base remains concentrated in southeastern New Mexico.
Produces crude oil, natural gas and NGLs from the Grayburg-Jackson and South Justis fields in southeastern New Mexico's Permian Basin, with a small contribution from third-party water services. Oil and gas operations are its sole reportable segment, and sales occur when custody, title and risk pass to purchasers.
Combines water injection at Grayburg-Jackson with workovers, recompletions and idle-well reactivations across mature vertical-well fields. A separate San Andres program uses partner-operated horizontal wells, while EON retains a non-operated interest.
Depends on its New Mexico field base, oil and gas prices, water availability, and compliant drilling, injection, emissions and waste practices. A small customer base purchased all reported production, and Virtus operates the San Andres interest.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Sep 30, 2025Cash & short-term investments $875.6K · Total debt $5.4M · Total assets $89.5M · Shareholders' equity $60.9M
- Revenue
- $4.6M
- Operating income
- −$1.8M
- Net income
- $5.6M
No dividends on record.
49.97M company shares as of Aug 22, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
FK Venture, LLCStrategic | —6.10% of class, as filed | — | 13Gfiled Aug 13, 2025 ↗ |
13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Ring Energy
Closest conventional-Permian redevelopment and acquisition rival.
- Riley Exploration Permian
Eddy County oil-development and acquisition rival.
- Permian Resources
Large Delaware Basin lease, capital, and oil-development rival.
- Matador Resources
Southeast New Mexico acreage and oil-development rival.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EON Resources | $0.5700 | +1.77% | $27.9M | 8.3 | — | 2.2 | — |
| Ring Energy | $1.50 | 0.00% | $390.8M | — | 7.4 | 1.2 | +26.7% |
| Riley Exploration Permian | $41.03 | −0.32% | $894.3M | 7.5 | 5.5 | 1.8 | +94.2% |
| Permian Resources | $23.84 | +0.06% | $19.94B | 15.7 | 10.7 | 3.5 | +55.2% |
| Matador Resources | $60.31 | +1.25% | $7.40B | 10.2 | 7.8 | 1.9 | +28.2% |
| Median | 10.2 | 7.6 | 1.9 | +41.7% |