EON Resources Inc.
For the period ended Dec 31, 2024. Filed Apr 16, 2025.
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FY2024 · Filed Apr 16, 2025
EONR$0.27+3.7%Stored close · as of Nov 6, 2026
Contents
Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
| Successor · Predecessor | ||||
|---|---|---|---|---|
| Year Ended December 31, 2024 · November 15, 2023 to December 31, 2023 · January 1, 2023 to November 14, 2023 | ||||
| Revenues | ||||
| Crude oil | $19,298,698 | $2,513,197 | $22,856,521 | |
| Natural gas and natural gas liquids | 483,486 | 70,918 | 809,553 | |
| Gain (loss) on derivative instruments, net | (850,374) | 340,808 | 51,957 | |
| Other revenue | 487,109 | 50,738 | 520,451 | |
| Total revenues | 19,418,919 | 2,975,661 | 24,238,482 | |
| Expenses | ||||
| Production taxes, transportation and processing | 1,715,792 | 226,062 | 2,117,800 | |
| Lease operating | 8,614,080 | 1,453,367 | 8,692,752 | |
| Depletion, depreciation and amortization | 2,407,098 | 352,127 | 1,497,749 | |
| Accretion of asset retirement obligations | 144,988 | 11,062 | 848,040 | |
| General and administrative | 10,381,095 | 3,553,117 | 3,700,267 | |
| Acquisition costs | - | 9,999,860 | - | |
| Total expenses | 23,263,053 | 15,595,595 | 16,856,608 | |
| Operating income (loss) | (3,844,134) | (12,619,934) | 7,381,874 | |
| Other Income (expenses) | ||||
| Change in fair value of warrant liability | (804,004) | 187,704 | - | |
| Change in fair value of convertible note liability | (192,744) | |||
| Change in fair value of FPA liability | 561,099 | 3,268,581 | - | |
| Amortization of debt discount | (2,361,627) | (1,191,553) | - | |
| Interest expense | (7,643,200) | (1,043,312) | (1,834,208) | |
| Interest income | 58,793 | 6,736 | 313,401 | |
| Gain on extinguishment of liabilities | 1,638,138 | - | - | |
| Loss on sale of assets | - | - | (816,011) | |
| Other Income (expense) | 36,989 | 2,937 | (74,193) | |
| Total other income (expenses) | (8,706,556) | 1,231,093 | (2,411,011) | |
| Loss before income taxes | (12,550,690) | (11,388,841) | 4,970,863 | |
| Income tax provision (benefit) | 3,470,407 | 2,387,639 | - | |
| Net income (loss) | (9,080,283) | (9,001,202) | 4,970,863 | |
| Net income (loss) attributable to noncontrolling interests | - | - | - | |
| Net income (loss) attributable to HNR Acquisition Corp. | $(9,080,283) | $(9,001,202) | $4,970,863 | |
| Weighted average share outstanding, common stock - basic and diluted | 6,477,052 | 5,235,131 | - | |
| Net income (loss) per share of common stock – basic and diluted | $(1.40) | $(1.72) | $ | - |
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