EON Resources (EONR) AI Stock Analysis

• Market Cap: $19.19M
• Dividend Yield: N/A
• Average Volume (3M): 2.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.63
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 12
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Energy
• EPS (TTM): 0.10
• Shares Outstanding: 49,968,346
• 10 Day Avg. Volume: 1,329,557
• 30 Day Avg. Volume: 2,593,539
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 37.42
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: 1.27
• Enterprise Value/Gross Profit: 1.60
• Enterprise Value/Ebitda: 1.32
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.21
• Revenue Forecast (FY): $45.01M

• Rating: 52 Neutral
• Price Target: $0.40 ▲(2.31% Upside)
• Action: Upgraded Date: 01/28/26
• Date: Action: Upgraded 01/28/26

The score is held back primarily by weak financial quality (declining revenue, negative EBIT margin, and negative operating cash flow). Offsetting factors include improved leverage and a positive earnings-call narrative centered on debt elimination, equity improvement, and a funded drilling/growth plan. Technicals are broadly neutral and valuation signals are limited due to a negative P/E and no dividend yield.

Positive Factors

Material debt reduction / low leverage

Retiring $41M of debt and lowering debt-to-equity to 0.09 materially reduces interest burden and financial risk, improving liquidity and enabling capital allocation to drilling and acquisitions without adding leverage. This durable balance-sheet repair increases strategic optionality over months.

Funded, multi-year drilling program via farmout

A funded farmout that retains 35% WI and carried participation for early wells provides low-capex production growth and reserve additions. The arrangement spreads technical risk, supplies near-term funded activity, and creates a multi-year development runway supporting sustained production growth.

High gross margin and improving ROE

A very strong gross margin indicates low extraction and direct operating costs per barrel, while ROE improvement and higher shareholder equity show recovering profitability. These structural earnings drivers support margin sustainability if production volumes and commodity realizations hold.

Negative Factors

Declining revenue and weak core cash generation

TTM revenue contraction and negative operating cash flow signal the core business has not consistently converted production into positive operating cash. Reliance on financing, farmouts or non-operating items to meet cash needs raises sustainability concerns for funding operations and sustaining capex over the medium term.

Negative operating profitability (EBIT)

A materially negative EBIT margin indicates upstream operations are not covering operating overhead and exploration costs before non-operating items. This structural operating loss narrows management flexibility to self-fund growth and makes results sensitive to commodity prices and production mix.

Midstream / commodity and dilution risks

Inability to sell produced gas because of buyer plant issues, plus management-flagged oil-price sensitivity, can materially reduce realizations and cash flow. Combined with remaining convertible notes exposure, these execution and market risks could compress cash generation and force dilutive financing.

EON Resources Business Overview & Revenue Model

Company Description

EON Resources Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 343 wells producing oil and gas, as well as 207 injection wells covering an area of approximately 13,700 contiguous acres. The company was formerly known as HNR Acquisition Corp and changed its name atop EON Resources Inc. in September 2024. EON Resources Inc. was incorporated in 2020 and is headquartered in Houston, Texas.

How the Company Makes Money

EONR generates revenue primarily through the exploration and production of oil and gas resources. The company earns money by selling extracted oil and gas to various markets, including domestic and international buyers. Key revenue streams include the sale of crude oil, natural gas, and potentially other minerals. Additionally, EONR may engage in joint ventures or partnerships with larger energy companies to share exploration costs and enhance its operational capabilities. Such partnerships can provide access to advanced technology and expertise, further contributing to the company's profitability. Market fluctuations in energy prices and demand dynamics also significantly influence EONR's earnings potential.

EON Resources Financial Statement Overview

Summary

Mixed fundamentals: declining revenue (-4.81% TTM) and weak operating profitability (EBIT margin -31.66%) plus negative operating cash flow weigh heavily, partially offset by improved net margin (15.39% TTM) and materially lower leverage (debt-to-equity 0.09).

Income Statement

EON Resources has experienced declining revenue over the past years, with a negative revenue growth rate of -4.81% in the TTM period. The gross profit margin remains strong at approximately 79.74%, but the company struggles with profitability as indicated by a negative EBIT margin of -31.66% in the TTM. The net profit margin improved to 15.39% in the TTM, showing some recovery from previous losses.

Balance Sheet

The balance sheet shows improvement in financial stability, with a significant reduction in the debt-to-equity ratio to 0.09 in the TTM, indicating lower leverage. The return on equity improved to 11.55%, reflecting better profitability. However, the equity ratio is relatively low, suggesting potential risks in financial stability.

Cash Flow

Cash flow analysis reveals challenges, with negative operating cash flow in the TTM and a high free cash flow to net income ratio of 2.90, indicating reliance on non-operating activities for cash generation. Despite a significant free cash flow growth rate of 396.65%, the negative operating cash flow coverage ratio highlights ongoing operational cash challenges.

Breakdown	TTM	Mar 2025	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.31M	20.27M	26.82M	40.20M	0.00
Gross Profit	13.81M	16.15M	26.82M	35.10M	0.00
EBITDA	16.68M	-138.76K	8.33M	24.12M	-13.78K
Net Income	2.66M	-9.08M	-4.03M	18.30M	-13.78K
Balance Sheet
Total Assets	89.52M	102.71M	100.73M	64.71M	335.98K
Cash, Cash Equivalents and Short-Term Investments	875.60K	2.97M	3.51M	2.02M	38.74K
Total Debt	5.39M	43.26M	44.00M	26.88M	0.00
Total Liabilities	28.62M	74.99M	70.12M	36.20M	224.76K
Stockholders Equity	60.90M	3.11M	-2.80M	28.50M	111.22K
Cash Flow
Free Cash Flow	-26.56M	125.62K	1.67M	1.76M	-86.71K
Operating Cash Flow	-9.17M	3.70M	8.68M	18.65M	-86.71K
Investing Cash Flow	28.11M	-3.58M	11.34M	-20.70M	0.00
Financing Cash Flow	-20.81M	-659.52K	-20.87M	3.00M	100.45K

EON Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.39
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EONR, the sentiment is Neutral. The current price of 0.39 is above the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.39, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 72.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EONR.

EON Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXC	71 Outperform	$21.79M	17.54	9.11%	0.96%	7.26%	40.01%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RBNE	56 Neutral	$11.21M	―	―	―	―	―
EONR	52 Neutral	$19.19M	-6.57	-135.30%	―	―	―
BATL	48 Neutral	$67.14M	-1.22	-164.49%	―	-4.08%	-325.73%
RCON	46 Neutral	$15.03M	-0.58	-8.78%	―	-3.41%	-50.85%

EON Resources Corporate Events

EON Resources Adds Independent Director to Support Growth

On January 26, 2026, EON Resources Inc. appointed petroleum engineer Kyle Bulpitt as an independent Class II director to fill the board vacancy created by the retirement of long-serving director and early company backer Byron Blount on December 31, 2025. Bulpitt, 33, who currently serves as Executive Vice President for Corporate Development at Aethel Energy and has a background spanning acquisitions and divestitures, debt and equity financing, asset-backed securitizations and petroleum reserves analysis, will chair EON’s Audit Committee and sit on its Compensation and Nominating and Corporate Governance Committees, receiving standard non-employee director compensation plus an additional retainer for his audit role; company executives emphasized that his dealmaking and financing expertise aligns with EON’s next stage of financing and acquisition-driven growth in its Permian Basin portfolio.

The most recent analyst rating on (EONR) stock is a Hold with a $0.44 price target. To see the full list of analyst forecasts on EON Resources stock, see the EONR Stock Forecast page.

EON Resources outlines growth strategy in 2025 shareholder letter

In a January 21, 2026 shareholder letter reviewing 2025, EON Resources highlighted a transformative recapitalization completed on September 9, 2025, in which the company secured $45.5 million in funding that retired $20 million of senior institutional debt, settled a $20 million promissory note to the Grayburg-Jackson field seller for $7 million, recovered preferred units previously held by the seller in exchange for 1.5 million common shares, and acquired a 10% overriding royalty interest in its principal GJF asset. This balance sheet restructuring significantly reduced monthly debt service, improved EON’s debt and equity position, and, together with a concurrent farmout of the San Andres formation to Virtus Energy Partners, positioned the company for future growth and potential acquisitions. Under the September 9, 2025 Farmout Agreement, Virtus acquired a 65% working interest and operational control over the San Andres rights in the GJF, paying $5 million in cash plus up to $2 million for workovers and $20 million for a 5% overriding royalty interest on future San Andres production, while EON retained a 35% working interest and a carried interest in the first three horizontal wells. The arrangement is expected to boost EON’s net oil production via no-cost workovers and, once drilling begins in 2026, to generate sufficient cash flow from the initial three wells to fund participation in a potential inventory of up to 92 horizontal locations, allowing EON to concentrate on its Seven Rivers waterflood program while Virtus focuses on horizontal San Andres development, with anticipated production and cash flow impacts beginning in the third quarter of 2026.

The most recent analyst rating on (EONR) stock is a Hold with a $0.38 price target. To see the full list of analyst forecasts on EON Resources stock, see the EONR Stock Forecast page.

EON Resources director Byron Blount resigns from board

EON Resources Inc. announced that board member Byron Blount resigned from the Board of Directors and from the Audit, Compensation, and Nominating and Corporate Governance Committees, effective December 31, 2025. The company emphasized that Blount’s departure did not stem from any dispute or disagreement with management, its operations, or its financial or other practices, suggesting the move was not related to governance or performance concerns for stakeholders.

The most recent analyst rating on (EONR) stock is a Hold with a $0.47 price target. To see the full list of analyst forecasts on EON Resources stock, see the EONR Stock Forecast page.

EON Resources Reports Record Q3 2025 Net Income

EON Resources Inc. reported a record net income of $5.6 million for the third quarter of 2025, having retired $41 million in debt and increased shareholder equity by $22.7 million. The company secured $45.5 million in funding through various financial instruments, including a farmout agreement with Virtus Energy Partners for horizontal well development, positioning itself for future growth and expansion.

The most recent analyst rating on (EONR) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on EON Resources stock, see the EONR Stock Forecast page.