EON Resources Inc. Reports Management and Directors Purchased 364,000 Shares of EON Class A Common Stock
EON Resources Inc. (NYSE American:EONR), a Permian Basin-focused energy company, announced significant insider stock purchases totaling 364,000 shares by its management team and independent directors. The company operates 750 producing and injection wells across 20,000 leasehold acres in southeast New Mexico, producing over 1,000 barrels of oil per day.
The purchases occurred following a lifted trading blackout period after the company's Q2 results. Management, including CEO Dante Caravaggio and CFO Mitchell B. Trotter, expressed optimism about EON's future, particularly with upcoming funding expected in September. The insider group now collectively owns approximately 3 million shares, demonstrating strong confidence in the company's potential.
EON Resources Inc. (NYSE American:EONR), societ脿 energetica focalizzata sul Permian Basin, ha annunciato acquisti significativi di azioni da parte di dirigenti e consiglieri indipendenti per un totale di 364.000 azioni. L鈥檃zienda gestisce 750 pozzi produttivi e di iniezione su 20.000 acri di concessioni nel sud-est del New Mexico, con una produzione superiore a 1.000 barili di petrolio al giorno.
Gli acquisti sono avvenuti dopo la fine del periodo di blackout sul trading successivo alla pubblicazione dei risultati del secondo trimestre. I vertici, tra cui l鈥橝D Dante Caravaggio e il CFO Mitchell B. Trotter, hanno espresso ottimismo sul futuro di EON, in particolare in vista di finanziamenti previsti per settembre. Il gruppo di insider detiene ora complessivamente circa 3 milioni di azioni, segno di forte fiducia nelle prospettive della societ脿.
EON Resources Inc. (NYSE American:EONR), una compa帽铆a energ茅tica centrada en la cuenca P茅rmica, anunci贸 compras significativas de acciones por parte de su equipo directivo y directores independientes por un total de 364.000 acciones. La empresa opera 750 pozos productores y de inyecci贸n en 20.000 acres de arrendamientos en el sureste de Nuevo M茅xico, produciendo m谩s de 1.000 barriles de petr贸leo por d铆a.
Las compras se realizaron tras levantarse el periodo de suspensi贸n de negociaci贸n posterior a los resultados del segundo trimestre. La direcci贸n, incluidos el CEO Dante Caravaggio y el CFO Mitchell B. Trotter, mostraron optimismo sobre el futuro de EON, especialmente con la financiaci贸n esperada en septiembre. El grupo de insiders posee ahora colectivamente aproximadamente 3 millones de acciones, lo que demuestra una fuerte confianza en el potencial de la compa帽铆a.
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EON Resources Inc. (NYSE American:EONR), une soci茅t茅 茅nerg茅tique ax茅e sur le bassin permien, a annonc茅 des achats d鈥檃ctions importants r茅alis茅s par sa direction et ses administrateurs ind茅pendants pour un total de 364 000 actions. L鈥檈ntreprise exploite 750 puits de production et d鈥檌njection sur 20 000 acres de concessions dans le sud-est du Nouveau-Mexique, produisant plus de 1 000 barils de p茅trole par jour.
Les achats ont eu lieu apr猫s la lev茅e de la p茅riode d鈥檌nterdiction de n茅gociation suivant les r茅sultats du deuxi猫me trimestre. La direction, dont le CEO Dante Caravaggio et le CFO Mitchell B. Trotter, s鈥檈st montr茅e optimiste quant 脿 l鈥檃venir d鈥橢ON, notamment en vue d鈥檜n financement attendu en septembre. Le groupe d鈥檌niti茅s d茅tient d茅sormais collectivement environ 3 millions d鈥檃ctions, t茅moignant d鈥檜ne forte confiance dans le potentiel de la soci茅t茅.
EON Resources Inc. (NYSE American:EONR), ein auf das Permian Basin fokussiertes Energieunternehmen, gab bekannt, dass das Management und unabh盲ngige Direktoren insgesamt 364.000 Aktien erworben haben. Das Unternehmen betreibt 750 F枚rder- und Injektionsbohrungen auf 20.000 Pacht-Acres im S眉dosten von New Mexico und produziert mehr als 1.000 Barrel 脰l pro Tag.
Die K盲ufe erfolgten nach Aufhebung der Handels-Sperrfrist nach den Q2-Ergebnissen. Das Management, darunter CEO Dante Caravaggio und CFO Mitchell B. Trotter, 盲u脽erte sich zuversichtlich in Bezug auf EONs Zukunft, insbesondere im Hinblick auf geplante Finanzierungen im September. Die Insider-Gruppe h盲lt nun gemeinsam rund 3 Millionen Aktien und demonstriert damit gro脽es Vertrauen in das Potenzial des Unternehmens.
- Strong insider confidence demonstrated through purchase of 364,000 shares
- Management team collectively owns significant stake of 3 million shares
- Upcoming funding completion expected in September 2025
- Company maintains steady production of over 1,000 barrels of oil per day
- Management's trading windows are restricted by significant blackout periods throughout the year
Insights
Management's purchase of 364,000 shares signals strong insider confidence while they already own substantial equity positions totaling ~3 million shares.
EON Resources' management team and directors have collectively purchased
The company operates in the Permian Basin with 20,000 leasehold acres across two fields containing 750 producing and injection wells, generating over 1,000 barrels of oil daily. While modest in scale compared to larger Permian operators, this production base provides meaningful cash flow.
What's particularly notable is management's already substantial ownership position of approximately 3 million shares before these purchases. This level of insider ownership - now further increased - creates strong alignment with shareholders, as executives have significant personal capital at risk alongside investors.
The timing is also revealing - management made these purchases after Q2 results and ahead of anticipated September funding completion. Their willingness to deploy personal capital before this funding finalizes suggests confidence in both the funding outcome and the company's post-funding trajectory.
Chairman Salvucci's characterization of the stock as "fundamentally undervalued" combined with this coordinated buying activity from multiple insiders represents a classic strong-conviction insider signal rather than token purchases. Executives are voting with substantial personal capital that EON's market valuation doesn't reflect its intrinsic value.
HOUSTON, TX / / August 27, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with 20,000 leasehold acres comprised of two fields in the Permian Basin in southeast New Mexico. The fields have a total of 750 producing and injection wells producing over 1,000 barrels of oil per day. Today, the Company reports that part of the management team and several independent directors ("Team") purchased a combined 364,000 shares of the Company's Class A Common Stock on the open market in the last week.
"The Team is restricted from buying stock under black-out periods for significant blocks of time through-out the year. After a certain number of days have passed from the filing of our 10-Q, the black-out is lifted until certain rules resume the black-out," said Mitchell B. Trotter, CFO of the Company. "When the black-out period was lifted, the Team was able to, and did, purchase a significant number of shares last week."
"With our , and the previously announced funding that is expected to be completed in September, management is extremely optimistic about our future. The management and directors timely purchased EON shares in the open market as allowed," said Dante Caravaggio, President and CEO of the Company.
"This is a very seasoned management team, one of the best in the oil and gas industry. I am pleased and thankful they believe, as I do, that this company has a fantastic future and that our common stock is fundamentally undervalued," said Joseph Salvucci, Sr., EON's Chairman of the Board. "The group has accumulated EON stock when allowed, and collectively own around 3 million shares. These purchases demonstrate that we are deeply invested in this company and its potential. We are committed to our shareholders."
About EON Resources Inc.
EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in a diversified portfolio of long-life producing oil and natural gas properties and other energy holdings. EON's approach is to build an energy company through acquisition and through selective development of its properties. Class A Common Stock of EON trades on the NYSE American Stock Exchange under the symbol of "EONR" and the Company's public warrants trade under the symbol of "EONRWS". For more information on the Company, please visit the .
About the Grayburg-Jackson Field Property
Our Grayburg-Jackson Field ("GJF") is primarily a waterflood property located on the Northwest Shelf of the Permian Basin in Eddy County, New Mexico. The GJF comprises of 13,700 contiguous leasehold acres with 342 producing wells, 207 injection wells and 1 water source well for a total of 550 wells. Leasehold rights include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC, estimates proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") is approximately 956 million barrels of oil. Primary production is currently from the Seven Rivers formation. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations, plus another 40 million barrels from a horizontal drilling program in the San Andres. More information on the property can be located on the of our website.
About the South Justis Field Property
The South Justis Field ("SJF") is a carbonate reservoir similar to the rest of the Permian, and is located in Lea County, New Mexico approximately 100 miles from the GJF. The SJF is comprised of 5,360 contiguous acres containing 208 total producing and injection wells with well spacing of 50 acres. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ("OOIP") is approximately 207 million barrels of oil. More information on the property can be located on the of our website.
Forward-Looking Statements
The South Justis Field ("SJF") is a carbonate reservoir, similar to the rest of the Permian. The SJF was first developed in the 1960's and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of
The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with well spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON's Grayburg-Jackson Oil Field property. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ("OOIP") is approximately 207 million barrels of oil.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see ) and with the Securities and Exchange Commission (see ). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
[email protected]
SOURCE: EON Resources Inc.
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