EON Resources Inc. Amends Agreement to Reduce Financial Obligations

On June 17, 2025, EON Resources Inc. announced amendments to their agreement with Pogo Royalty, LLC, reducing the company's cash obligation by $1.5 million and the stock issuance by 1.5 million shares. These changes are expected to aid EON in restructuring its balance sheet. The closing is anticipated by the end of July 2025.

The amendment decreases EON’s cash requirement to $20.5 million and reduces the Class A Common Stock issuance to 1.5 million shares. Additionally, the agreement includes an extended outside closing date to September 15, 2025. Enstream Capital Management is working on the due diligence for funding.

Decreased oil prices led to Enstream reducing their initial funding. Key elements of the amended agreement include the retirement of a $15 million promissory note and purchasing a 10% Overriding Royalty Interest for $13.5 million. This strategic adjustment aims to create value for EON’s stockholders over the long term.