EON Resources Inc.
EONR NYSE Crude Petroleum & Natural Gas Financials FY2021–FY2025
Revenue
Total sales reported in the income statement.
$16.9M
12.8%
vs prior year
Operating margin
Operating income as a share of revenue.
−60.6%
40.8 pts
Net income
Profit after all expenses, interest and tax.
−$7.5M
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−13.1%
9.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$0.24 EPS (TTM)
What EON Resources Inc. does
No business description yet.
- Legal name
- EON Resources Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Sep 28, 2026
- Accession · CIK
- 0001213900-26-103762
0001842556
Revenue and margins
EON Resources Inc. had $16.9M of revenue in fiscal 2025, down 12.8% on the year before.
FY21
Revenue —
FY22
Revenue $35.4M
FY23
Revenue —
FY24
Revenue $19.4M
FY25
Revenue $16.9M
Q2 '23
Revenue $7.3M
Q3 '23
Revenue $5.3M
Q1 '24
Revenue $3.3M
Q2 '24
Revenue $5.1M
Q3 '24
Revenue $7.4M
Q4 '24
Revenue $3.7M
Q1 '25
Revenue $4.5M
Q2 '25
Revenue $4.6M
Q3 '25
Revenue $4.4M
Q4 '25
Revenue $3.4M
Q1 '26
Revenue $1.0M
Q2 '26
Revenue $6.5M
FY21
Gross —
Operating —
Net —
FCF —
FY22
Gross —
Operating 49.0%
Net 51.7%
FCF —
FY23
Gross —
Operating —
Net —
FCF —
FY24
Gross —
Operating −19.8%
Net −41.9%
FCF —
FY25
Gross —
Operating −60.6%
Net −44.1%
FCF —
Gross
Operating
Net
FCF
Q2 '23
Gross —
Operating 43.2%
Net 36.7%
FCF —
Q3 '23
Gross —
Operating 11.7%
Net −12.3%
FCF —
Q1 '24
Gross —
Operating −68.9%
Net −143.0%
FCF —
Q2 '24
Gross —
Operating −6.5%
Net −12.6%
FCF —
Q3 '24
Gross —
Operating 27.0%
Net 18.3%
FCF —
Q4 '24
Gross —
Operating −87.2%
Net −111.8%
FCF —
Q1 '25
Gross —
Operating 0.1%
Net −45.0%
FCF —
Q2 '25
Gross —
Operating −6.9%
Net −63.8%
FCF —
Q3 '25
Gross —
Operating −40.4%
Net 128.9%
FCF —
Q4 '25
Gross —
Operating −246.3%
Net −305.3%
FCF —
Q1 '26
Gross —
Operating −640.7%
Net −596.2%
FCF —
Q2 '26
Gross —
Operating −19.6%
Net −10.7%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY21
Net income −$0.0M
FY22
Net income $18.3M
FY23
Net income —
FY24
Net income −$8.1M
FY25
Net income −$7.5M
Q2 '23
Net income $2.7M
Q3 '23
Net income −$0.7M
Q1 '24
Net income −$4.7M
Q2 '24
Net income −$0.6M
Q3 '24
Net income $1.3M
Q4 '24
Net income −$4.1M
Q1 '25
Net income −$2.0M
Q2 '25
Net income −$3.0M
Q3 '25
Net income $5.6M
Q4 '25
Net income −$10.5M
Q1 '26
Net income −$5.8M
Q2 '26
Net income −$0.7M
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS −$1.25
FY25
Diluted EPS −$0.24
Q2 '23
Diluted EPS —
Q3 '23
Diluted EPS —
Q1 '24
Diluted EPS −$0.90
Q2 '24
Diluted EPS −$0.12
Q3 '24
Diluted EPS $0.24
Q4 '24
Diluted EPS −$0.47
Q1 '25
Diluted EPS −$0.11
Q2 '25
Diluted EPS −$0.06
Q3 '25
Diluted EPS $0.10
Q4 '25
Diluted EPS −$0.17
Q1 '26
Diluted EPS —
Q2 '26
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY21
Return on capital —
Return on equity −12.4%
Return on assets −4.1%
FY22
Return on capital 32.2%
Return on equity 127.9%
Return on assets 56.3%
FY23
Return on capital —
Return on equity —
Return on assets —
FY24
Return on capital −3.4%
Return on equity −1,980.9%
Return on assets −8.0%
FY25
Return on capital −13.1%
Return on equity −26.3%
Return on assets −7.7%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY21
Free cash flow —
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY21
Cash from operations −$0.1M
Capital spending —
FY22
Cash from operations $18.7M
Capital spending —
FY23
Cash from operations $8.7M
Capital spending —
FY24
Cash from operations $3.7M
Capital spending —
FY25
Cash from operations −$7.6M
Capital spending —
Cash from operations
Capital spending
Q2 '23
Cash from operations $2.4M
Capital spending —
Q3 '23
Cash from operations $2.7M
Capital spending —
Q1 '24
Cash from operations $1.1M
Capital spending —
Q2 '24
Cash from operations $1.1M
Capital spending —
Q3 '24
Cash from operations $1.1M
Capital spending —
Q4 '24
Cash from operations $0.4M
Capital spending —
Q1 '25
Cash from operations −$1.8M
Capital spending —
Q2 '25
Cash from operations −$0.5M
Capital spending —
Q3 '25
Cash from operations −$7.2M
Capital spending —
Q4 '25
Cash from operations $1.9M
Capital spending —
Q1 '26
Cash from operations −$0.3M
Capital spending —
Q2 '26
Cash from operations $0.5M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
EON Resources Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 381.6%.
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
Q2 '23
Dividends —
Buybacks —
Q3 '23
Dividends —
Buybacks $0.0M
Q1 '24
Dividends —
Buybacks —
Q2 '24
Dividends —
Buybacks —
Q3 '24
Dividends —
Buybacks —
Q4 '24
Dividends —
Buybacks —
Q1 '25
Dividends —
Buybacks —
Q2 '25
Dividends —
Buybacks —
Q3 '25
Dividends —
Buybacks —
Q4 '25
Dividends —
Buybacks —
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks —
Dividends
Buybacks
FY21
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.03B
Balance sheet
Cash, debt and the ratios that show how comfortably EON Resources Inc. can carry it.
FY21
Cash $0.0M
Debt —
FY22
Cash $2.0M
Debt $26.8M
FY23
Cash $3.5M
Debt $92.3M
FY24
Cash $3.0M
Debt $87.9M
FY25
Cash $0.4M
Debt $9.1M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.0M | $2.0M | $3.5M | $3.0M | $0.4M |
| Debt incl. finance leases | — | $26.8M | $92.3M | $87.9M | $9.1M |
| Net debt / EBITDA | — | 1.3x | — | — | — |
| Debt / equity | — | 0.9x | — | 22.9x | 0.2x |
| Interest coverage | — | 16.1x | — | −0.5x | −2.1x |
| Current ratio | 1.5x | 1.3x | 0.3x | 0.1x | 0.1x |
| Quick ratio | 1.5x | 1.3x | 0.3x | 0.1x | 0.1x |
| Total assets | $0.3M | $64.7M | $101M | $103M | $90.5M |
| Total liabilities | $0.2M | $36.2M | $72.0M | $77.6M | $36.7M |
| Shareholders' equity | $0.1M | $28.5M | −$3.0M | $3.8M | $53.0M |
| Net debt (− = net cash) | — | $24.7M | $88.8M | $84.9M | $8.7M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | ✕ | ✓ | — | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✓ | ✓ | ✓ | ✕ |
| Return on assets rose | — | ✓ | — | — | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | — | ✓ | ✕ |
| Debt fell relative to assets | — | — | ✕ | ✓ | ✓ |
| Current ratio rose | — | ✕ | ✕ | ✕ | ✕ |
| Share count didn't rise | — | — | — | — | ✕ |
| Gross margin rose | — | — | — | — | — |
| Revenue rose relative to assets | — | — | — | — | ✕ |
| F-score | — / 3 | — / 5 | — / 3 | — / 5 | 1 / 8 |
| Accruals ratio | 21.7% | −1.1% | — | −11.6% | 0.2% |
| Altman Z'' | 2.28 | 2.60 | — | −3.04 | −2.06 |
5 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | — | $35.4M | — | $19.4M | $16.9M |
| Operating income | −$0.0M | $17.4M | — | −$3.8M | −$10.3M |
| Interest expense | — | $1.1M | $0.1M | $7.6M | $4.9M |
| Pretax income | −$0.0M | $18.3M | — | −$13.3M | −$4.7M |
| Income tax | — | $0.2M | — | −$3.5M | $2.8M |
| Net income | −$0.0M | $18.3M | — | −$8.1M | −$7.5M |
| Diluted EPS | — | — | — | −$1.25 | −$0.24 |
| Diluted shares | — | — | — | 0.01B | 0.03B |
| Cash flow | |||||
| Cash from operations | −$0.1M | $18.7M | $8.7M | $3.7M | −$7.6M |
| Depreciation and amortization | — | $1.6M | — | $2.4M | $3.2M |
| Stock-based compensation | — | $0.0M | — | $2.8M | $1.1M |
| Balance sheet | |||||
| Cash and short-term investments | $0.0M | $2.0M | $3.5M | $3.0M | $0.4M |
| Total debt | — | $26.8M | $92.3M | $87.9M | $9.1M |
| Current assets | $0.3M | $5.5M | $6.8M | $5.2M | $3.1M |
| Current liabilities | $0.2M | $4.2M | $20.1M | $36.4M | $24.9M |
| Property and equipment, net | — | — | — | $0.0M | $0.0M |
| Total assets | $0.3M | $64.7M | $101M | $103M | $90.5M |
| Total liabilities | $0.2M | $36.2M | $72.0M | $77.6M | $36.7M |
| Preferred stock | — | — | — | — | $0.0M |
| Shareholders' equity | $0.1M | $28.5M | −$3.0M | $3.8M | $53.0M |
| Margins | |||||
| Operating margin | — | 49.0% | — | −19.8% | −60.6% |
| EBITDA margin | — | 53.6% | — | −7.4% | −41.9% |
| Net margin | — | 51.7% | — | −41.9% | −44.1% |
| Returns | |||||
| Return on capital | — | 32.2% | — | −3.4% | −13.1% |
| Return on capital employed | −12.4% | 28.7% | — | −5.8% | −15.7% |
| Return on equity | −12.4% | 127.9% | — | −1,980.9% | −26.3% |
| Return on assets | −4.1% | 56.3% | — | −8.0% | −7.7% |
| Return on tangible equity | −12.4% | 64.2% | — | −211.5% | −14.1% |
| Growth | |||||
| Revenue growth | — | — | — | — | −12.8% |
| Share count change | — | — | — | — | 381.6% |
| Financial health | |||||
| Net debt / EBITDA | — | 1.3x | — | — | — |
| Debt / equity | — | 0.9x | — | 22.9x | 0.2x |
| Interest coverage | — | 16.1x | — | −0.5x | −2.1x |
| Current ratio | 1.5x | 1.3x | 0.3x | 0.1x | 0.1x |
| Quick ratio | 1.5x | 1.3x | 0.3x | 0.1x | 0.1x |
| Capital allocation | |||||
| Stock comp / revenue | — | 0.0% | — | 14.3% | 6.3% |
| Quality scores | |||||
| Piotroski F-score | — | — | — | — | 1.0 |
| Altman Z'' | 2.3 | 2.6 | — | −3.0 | −2.1 |
| Accruals ratio | 21.7% | −1.1% | — | −11.6% | 0.2% |
Source: SEC EDGAR XBRL filings (CIK 0001842556). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.