EON Resources $EONR Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up EON Resources Inc. ($EONR). Last filing: 10-Q, 2026-10-13. 9 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-05-19. Non-reliance (8-K Item 4.02) filed 2026-10-13.
🔖 Exposure: revenue $16.9M (FY2025), total debt $4.5M. Experience: revenue down 12.8% on the year, down 21.8% a year over 3 years; operating margin -60.6%, down from -19.8%. Soundness: equity 58.6% of assets, return on equity -14.1%. Credibility: 3 audited years, little weight, marked down from moderate: on 2026-10-13 the company said earlier statements should no longer be relied on (8-K Item 4.02), and no 10-K has been filed since. Range: 80% of past cases like this landed between $10.3M and $18.5M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin -60.6% against a 16.8% median; growth -12.8% against 7.8%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
| Cash flow (op · inv · fin · free) | −$8M · $25M · −$20M · — |
| Investment book (cash · short · long) | $0M · — · — · current ratio 0.12 |
| Revenue swing · equity of assets | — · 57.9% |
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $17M |
| Revenue, on the year | −12.8% |
| Revenue, a year over the record | −21.8% |
| Operating margin | −60.6% |
| Operating margin, prior year | −19.8% |
| Net margin | −44.3% |
| Research and development | not filed separately |
| Total debt | $5M |
| Equity of assets | 58.6% |
| Return on equity | −14.1% |
| Payout of profit | — |
| Dividend per share | $18 |
| Earnings per share | $-0.24 |
| Book value per share | $1.70 |
| Revenue per share | $0.54 |
| Shares outstanding | 31,191,907 |
| Audited years read | 3 |
Peers: the median of 45 filers with $50M+ revenue in crude petroleum & natural gas.
Health HarborEON Resources sails as: Old boat
Health watch · 12 monthsLate annual report noticeExchange listing notice or transferEarlier statements no longer to be relied on ×2Late quarterly report notice ×3Director or officer change ×2
Sailing speed follows growth: -21.8% a year crosses the harbor in 120 seconds.
🌊 Visit the Bay →- filed late annual report notice, earlier statements no longer to be relied on, late quarterly report notice in the last 12 months
- operating cash flow was negative
- revenue is hard to predict: its 80% range is ±28%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-10-13
- 8-K · 2026-10-13 · 4.02 Non-Reliance on Previously Issued Financial Statements
- 10-K · 2026-09-28
- 8-K · 2026-04-28 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-04-22 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-02-27 · 4.02 Non-Reliance on Previously Issued Financial Statements
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company