EON Resources Inc.
For the period ended Dec 31, 2024. Filed Apr 16, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 16, 2025
EONR$0.26-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Successor · Predecessor | ||||||
|---|---|---|---|---|---|---|
| Year Ended December 31, 2024 · November 15, 2023 to December 31, 2023 · January 1, 2023 to November 14, 2023 | ||||||
| Operating activities: | ||||||
| Net income (loss) | $(9,080,283) | $(9,001,202) | $4,970,863 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation, depletion, and amortization expense | 2,407,098 | 352,127 | 1,497,749 | |||
| Accretion of asset retirement obligations | 144,988 | 11,062 | 843,865 | |||
| Equity-based compensation | 2,778,991 | 3,445,965 | - | |||
| Deferred income tax benefit | (3,470,407) | (2,365,632) | - | |||
| Amortization of operating lease right-of-use assets | - | - | (403) | |||
| Amortization of debt issuance costs | 2,361,627 | 1,191,553 | 3,890 | |||
| Gain on extinguishment of liabilities | (1,638,138) | - | - | |||
| Change in fair value of unsettled derivatives | 361,290 | (443,349) | (1,215,693) | |||
| Change in fair value of convertible note liability | 192,744 | - | - | |||
| Change in fair value of warrant liability | 804,004 | (187,704) | - | |||
| Change in fair value of forward purchase agreement | (561,099) | (3,268,581) | - | |||
| Change in other property, plant, and equipment, net | - | - | 83,004 | |||
| Loss on sale of assets | - | - | 816,011 | |||
| Changes in operating assets and liabilities: | ||||||
| Accounts receivable | 411,240 | 1,793,055 | (921,945) | |||
| Prepaid expenses and other assets | 423,116 | (258,431) | 26,833 | |||
| Related party note receivable interest income | - | - | (313,401) | |||
| Accounts payable | 3,024,413 | 8,091,598 | 1,480,138 | |||
| Accounts payable – related parties | (316,651) | (138,000) | - | |||
| Accrued liabilities and other | 3,018,930 | 1,251,677 | 753,595 | |||
| Royalties payable | 2,729,398 | (313,381) | 157,991 | |||
| Royalties payable, related party | 109,425 | 323,717 | 8,066 | |||
| Net cash provided by operating activities | 3,700,686 | 484,474 | 8,190,563 | |||
| Investing activities: | ||||||
| Development of crude oil and gas properties | (3,555,062) | (238,499) | (6,769,557) | |||
| Purchases of other equipment | (20,000) | - | - | |||
| Acquisition of business, net of cash acquired | - | (30,827,804) | - | |||
| Trust Account withdrawals | - | 49,362,479 | - | |||
| Issuance of related party note receivable | - | - | (190,998) | |||
| Net cash provided by (used in) investing activities | (3,575,062) | 18,296,176 | (6,960,555) | |||
| Financing activities: | ||||||
| Proceeds from issuance of long-term debt | - | 28,000,000 | - | |||
| Payment of debt issuance costs | - | (808,992) | - | |||
| Repayments of long-term debt | (3,984,286) | (319,297) | (3,000,000) | |||
| Proceeds of short-term notes payable | 1,298,200 | - | - | |||
| Repayment of short-term notes payable | (989,018) | - | - | |||
| Proceeds from related party notes payable | 450,000 | - | - | |||
| Repayment of related party notes payable | (62,750) | - | - | |||
| Proceeds from sale of common stock | 2,628,334 | - | - | |||
| Redemptions of common stock | - | (44,737,839) | - | |||
| Net cash used in financing activities | (659,520) | (17,866,128) | (3,000,000) | |||
| Net change in cash and cash equivalents | (533,896) | 914,522 | (1,769,992) | |||
| Cash and cash equivalents at beginning of period | 3,505,454 | 2,590,932 | 2,016,315 | |||
| Cash and cash equivalents at end of period | $2,971,558 | $3,505,454 | $246,323 | |||
| Cash paid during the period for: | ||||||
| Interest on debt | $6,146,139 | $370,625 | $2,002,067 | |||
| Income taxes | $ | - | $154,000 | $ | - | |
| Amounts included in the measurement of operating lease liabilities | $ | - | $ | - | $56,625 | |
| Supplemental disclosure of non-cash investing and financing activities: | ||||||
| Operating lease assets obtained in exchange for operating lease obligations | $ | - | $ | - | $ | - |
| Accrued purchases of property and equipment at period end | $2,540,703 | $141,481 | $256,237 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.