EON Resources Raises Sequential Revenue 19% as San Andres Tests Advance

EON Resources increased first-quarter revenue net of hedging derivatives by 19.4% sequentially to $4.22 million as it advanced horizontal drilling in New Mexico’s Permian Basin. Total expenses fell 37% sequentially to $7.17 million. The company posted a net loss of $5.77 million, compared with a $6.45 million loss in the fourth quarter of 2025 and a $2.06 million loss in the first quarter of 2025. Reported revenue after noncash derivative effects was $968,193, down from $4.51 million a year earlier. Noncash derivative losses totaled $3.25 million in the latest quarter, compared with $30,636 in the year-earlier period.

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