EON Resources records $4.2 million Q1 revenue amid continued growth

• EON Resources (NASDAQ:EONR) reported first-quarter 2026 revenue excluding derivatives of $4.2 million and advanced its San Andres horizontal drilling program.
• The company’s revenue increased from $3.5 million in the prior quarter but declined from $4.5 million a year earlier after a $3.25 million non-cash derivative impact.
• EON Resources said two horizontal wells reached total depth and are expected to begin production in October 2026.

EON Resources (NASDAQ:EONR) reported first-quarter 2026 revenue excluding derivatives of $4.2 million, compared with $3.5 million in the fourth quarter of 2025 and $4.5 million in the prior-year period.

After including a $3.25 million non-cash derivative impact, reported revenue was $968,193, while the company’s net loss narrowed sequentially to $5.77 million but increased compared with the same period a year earlier.

The company said three tested vertical wells produced commercial oil quantities, while two horizontal wells reached total depth and a third encountered a high-pressure shallow water zone that required plugging.

EON Resources expects the two completed horizontal wells to begin production in October 2026, with production results expected in November, while March cash declined to $129,772 and debt increased to $7.38 million.

EON Resources focuses on oil and gas exploration and production, including its San Andres horizontal drilling program, while managing capital requirements and operational expansion.