EON Resources Inc. Receives NYSE American Notice for Late Filing of 2025 Annual Report

Key Points from the Announcement

• EON Resources Inc. (NYSE American: EONR) has received a formal notice from NYSE American LLC indicating non-compliance with listing standards due to the company’s failure to file its Annual Report (Form 10-K) for the fiscal year ended December 31, 2025, in a timely manner.
• The NYSE Notice was received on April 16, 2026, and is tied to the company’s inability to complete its financial reporting and closing procedures within the prescribed period.
• Importantly, the notice does not have an immediate effect on the listing or trading of EON’s Class A Common Stock (EONR) or public warrants (EONR WS) on the NYSE American exchange.
• EON Resources now has a six-month window from April 15, 2026, to file the overdue Form 10-K and regain compliance. Failure to do so could result in delisting, although the exchange may grant an additional six-month extension at its discretion.
• The company previously disclosed its delay via a Form 12b-25 filed on April 1, 2026, citing the need for additional time, resources, and effort to complete its financial reporting.
• EON states it is working diligently towards completing the filing and currently expects to do so within the granted period but offers no assurance that it will meet this deadline.

Potentially Price-Sensitive Information for Shareholders

• Regulatory Non-Compliance: Failure to file the Form 10-K is a significant compliance issue that could result in delisting proceedings if not resolved. Such events often have negative implications for share price and investor confidence.
• Operational Update: The delay in reporting is attributed to the need for additional work related to financial close and reporting procedures, which may raise questions about internal controls or financial health.
• No Immediate Trading Impact: Despite the notice, EON’s shares and warrants remain listed and tradable during the compliance window.
• Uncertainty and Risks: The company warns there is no guarantee the Form 10-K will be filed within the allowed period, increasing uncertainty for investors.

Company Overview and Asset Details

EON Resources Inc. is an independent upstream energy company focused on developing onshore oil and natural gas properties, primarily in the Permian Basin. The company holds 20,000 leasehold acres and operates over 750 producing and injection wells, generating more than 1,000 barrels of oil per day.

Key Assets

• Grayburg-Jackson Field (GJF):
  • Located in Eddy County, New Mexico, on the Northwest Shelf of the Permian Basin.
  • Comprises 13,700 contiguous leasehold acres with multiple productive zones (Seven Rivers, Queen, Grayburg, and San Andres intervals) at depths of 1,500 to 4,000 feet.
  • Estimated original oil in place (OOIP) is nearly 1 billion barrels, with less than 7% produced to date.
  • Operates primarily via water reinjection into the Seven Rivers formation.
  • New development slated: A Farmout Agreement with Virtus targets accelerated drilling of 92 new horizontal wells in the San Andres formation between 2026 and 2030.
• South Justis Field (SJF):
  • Located in Lea County, New Mexico, approximately 100 miles from GJF.
  • Encompasses 5,360 contiguous acres with 208 producing and injection wells. Well spacing is 50 acres.
  • Producing intervals include Glorietta, Blinebry, Tubb, Drinkard, and Fusselman, at depths of 5,000–7,000 feet.
  • Estimated OOIP is about 207 million barrels. Waterflood operations are used, recycling produced water to enhance recovery.

Forward-Looking Statements and Risks

The company’s press release contains forward-looking statements regarding its ability to regain compliance and file the overdue Form 10-K. Such statements are subject to risks, including the availability of funds, results of financing efforts, and operational uncertainties. Investors are cautioned not to place undue reliance on these statements as actual results may differ materially.

Investor Relations Contact

Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
Email: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should do their own research or consult with a professional advisor before making investment decisions. The information provided is based on company disclosures and public filings as of the date of this report and may change without notice.

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