EON Resources Inc.
For the period ended Jun 30, 2026. Filed Oct 22, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Oct 22, 2026
EONR$0.27+3.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
EON Resources, Inc.
FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| Part I. Financial Information | 1 | |
| Item 1. | Financial Statements | 1 |
| Condensed Consolidated Balance Sheets as of June 30, 2026 (Unaudited) and December 31, 2025 | 1 | |
| Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited) | 2 | |
| Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited) | 3 | |
| Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025 (Unaudited) | 4 | |
| Notes to Unaudited Condensed Consolidated Financial Statements | 5 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 32 |
| Item 3. | Quantitative and Qualitative Disclosures Regarding Market Risk | 40 |
| Item 4. | Controls and Procedures | 40 |
| Part II. Other Information | 42 | |
| Item 1. | Legal Proceedings | 42 |
| Item 1A. | Risk Factors | 42 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 42 |
| Item 3. | Defaults Upon Senior Securities | 42 |
| Item 4. | Mine Safety Disclosures | 42 |
| Item 5. | Other Information | 42 |
| Item 6. | Exhibits | 43 |
| Part III. Signatures | 44 | |
i
Part I. Financial Information
CONDENSED CONSOLIDATED BALANCE SHEETS
| · · June 30, 2026 · · · December 31, 2025 · | ||||||||
|---|---|---|---|---|---|---|---|---|
| · · (Unaudited) · · · · · | ||||||||
| ASSETS | | | | | | | | |
| Cash and cash equivalents | | $691,672 | | | $375,036 | | ||
| Accounts receivable | | | | | | | | |
| Crude Oil and natural gas sales | | | 2,341,573 | | | | 1,405,032 | |
| Other | | | 32,028 | | | | 32,911 | |
| Short-term hedging derivative instrument asset | | | - | | | | 63,334 | |
| Prepaid expenses and other current assets | | | 1,364,636 | | | | 1,199,129 | |
| Total current assets | | | 4,429,909 | | | | 3,075,442 | |
| Crude oil and natural gas properties, successful efforts method: | | | | | | | | |
| Proved Properties | | | 92,853,397 | | | | 90,443,361 | |
| Accumulated depreciation, depletion, amortization | | | (8,878,750) | | | (4,951,565) | ||
| Total oil and natural gas properties, net | | | 83,974,647 | | | | 85,491,796 | |
| Other property, plant and equipment, net | | | 20,000 | | | | 20,000 | |
| Other noncurrent assets | | | 1,891,348 | | | | 1,891,348 | |
| TOTAL ASSETS | | $90,315,904 | | | $90,478,586 | | ||
| | | | | | | | | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | |
| Current liabilities | | | | | | | | |
| Accounts payable | | $8,212,120 | | | $8,351,450 | | ||
| Accounts payable – related parties | | | 294,720 | | | | 107,782 | |
| Accrued liabilities and other | | | 7,360,951 | | | | 9,821,912 | |
| Revenue and royalties payable | | | 7,113,880 | | | | 5,028,415 | |
| Short-term hedging derivative instrument liabilities | | | 938,285 | | | | - | |
| Current portion of long term debt | | | 2,703,338 | | | | 1,617,337 | |
| Current portion of derivative liability | | | 437,838 | | | | - | |
| Total current liabilities | | | 27,061,132 | | | | 24,926,896 | |
| Long-term debt, net of current portion and discount | | | - | | | | - | |
| Related party notes payable, net of discount | | | 3,746,454 | | | | 200,000 | |
| Convertible note liability, net of discount and current portion | | | 1,303,994 | | | | 811,486 | |
| Convertible note liability, related party, net of discount and current portion | | | 1,250,000 | | | | 1,250,000 | |
| Derivative liability, net of current | | | 931,109 | | | | 407,366 | |
| Derivative liability, related party | | | 1,803,000 | | | | 2,309,000 | |
| Long-term hedging derivative instrument liabilities | | | 112,905 | | | | - | |
| Deferred tax liability | | | 2,711,415 | | | | 4,830,392 | |
| Asset retirement obligations | | | 1,345,686 | | | | 1,281,147 | |
| Other liabilities | | | 675,000 | | | | 675,000 | |
| Total for non-current liabilities | | | 13,879,563 | | | | 11,764,391 | |
| Total liabilities | | | 40,940,695 | | | | 36,691,287 | |
| Commitments and Contingencies | | | | | | | | |
| Redeemable common stock, $0.0001 par value; 400,000 shares outstanding subject to redemption at $15.00 per share as of June 30,2026 and December 31, 2025, respectively | | | 800,000 | | | | 800,000 | |
| Stockholders’ equity | | | | | | | | |
| Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | | | - | | | | - | |
| Class A Common stock, $0.0001 par value; 100,000,000 authorized shares, 55,424,861 and 51,740,701 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | | | 5,541 | | | | 5,173 | |
| Class B Common stock, $0.0001 par value; 20,000,000 authorized shares, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | | | - | | | | - | |
| Additional paid in capital | | | 89,170,727 | | | | 87,118,006 | |
| Accumulated (deficit) | | | (40,601,059) | | | (34,135,880) | ||
| Total stockholders’ equity | | | 48,575,209 | | | | 52,987,299 | |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY | | $90,315,904 | | | $90,478,586 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.