EON Resources (EONR) AI Stock Analysis

• Market Cap: $19.49M
• Dividend Yield: N/A
• Average Volume (3M): 2.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• 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: 3.52
• Enterprise Value/Revenue: 3.96
• Enterprise Value/Gross Profit: 4.97
• Enterprise Value/Ebitda: 4.11
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $0.39 ▲(1.03% Upside)

EON Resources' overall score is driven by strong earnings call performance, offset by financial challenges and valuation concerns. The company's strategic initiatives and debt reduction are positive, but operational inefficiencies and market valuation issues remain significant risks.

Positive Factors

Material Debt Reduction

Eliminating $41M of senior and seller debt materially lowers interest burden and financial risk. A much-reduced leverage profile increases balance-sheet flexibility for drilling programs and acquisitions, supporting multi-year growth without incremental financing strain.

Partnered Drilling Program and Reserve Growth

The farmout with retained 35% working interest aligns capital with operational expertise and shares drilling risk. A program to drill up to 92 wells over five years should expand reserves and production capability, creating a multi-year, self-sustaining production and cash-flow runway.

High Gross Margin and Improving Profitability

Sustained gross margins near 80% imply strong upstream economics per unit produced, offering durable buffer versus cost swings. Improvement in net margins indicates better conversion of revenue into earnings, supporting reinvestment capacity and longer-term cash generation if operating issues persistently improve.

Negative Factors

Negative Operating Cash Flow

Negative operating cash flow shows core operations currently do not generate sufficient cash, and a high FCF-to-net-income ratio indicates reliance on non-operating items. This undermines sustainable funding of capex, drilling programs and weakens resilience to cyclical commodity downturns.

Declining Revenue and Negative EBIT

Declining top-line with a deeply negative EBIT margin signals structural operational inefficiencies or cost base misalignment. Even with strong gross margins, high operating costs or impairment risk can erode profitability and limit free cash flow generation over the medium term.

Convertible Note Dilution Risk

Outstanding convertible notes present a structural equity dilution overhang as they convert into shares. During periods of equity funding or as converts are exercised, dilution can reduce per-share earnings and limit upside for existing shareholders, complicating capital planning for multi-year drilling.

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

EON Resources is facing significant financial challenges, characterized by declining revenues, high leverage, and negative profitability. The company's strong gross profit margin is not translating into net profits, and its cash flow position is weak, raising concerns about its financial sustainability in the oil and gas industry.

Income Statement

EON Resources shows a declining revenue trend with a negative revenue growth rate of -7.39% TTM. The company has a strong gross profit margin of 81.09% TTM, but it is overshadowed by a negative net profit margin of -31.26% TTM, indicating significant losses. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 3.75 TTM, indicating potential financial risk. The return on equity is negative at -23.74% TTM, suggesting that the company is not generating sufficient returns on shareholders' equity. The equity ratio stands at 16.04% TTM, showing a low proportion of equity financing.

Cash Flow

Cash flow analysis indicates a negative operating cash flow and free cash flow TTM, with a free cash flow to net income ratio of -9.66. This suggests that the company is struggling to generate cash from its operations, which could impact its ability to sustain operations without additional financing.

Breakdown	TTM	Dec 2024	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: Negative
• Last Price: 0.39
• 50DMA: Negative
• 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 Negative. The current price of 0.39 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.44, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.89 is Neutral, neither overbought nor oversold. The STOCH value of 25.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	$22.10M	13.20	9.11%	0.96%	7.26%	40.01%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RBNE	55 Neutral	$10.30M	―	―	―	―	―
EONR	52 Neutral	$19.49M	-6.44	-135.30%	―	―	―
RCON	46 Neutral	$18.09M	-0.73	-8.78%	―	-3.41%	-50.85%
BATL	44 Neutral	$19.09M	-0.35	-164.49%	―	-4.08%	-325.73%

EON Resources Corporate Events

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.

EON Resources Holds Annual Stockholders Meeting

On October 29, 2025, EON Resources, Inc. held its annual meeting of stockholders, where 51.32% of the total outstanding shares were represented. During the meeting, stockholders elected three Class II Directors, ratified the appointment of CBIZ CPAs P.C. as the independent accounting firm, and approved the 2025 Omnibus Incentive Plan. A proposal to adjourn the meeting was withdrawn as all other proposals were approved.

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.