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Financial statements

EON Resources Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data EON Resources Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2022FY2024
Revenue35.419.4
General and administrative2.9510.4
Operating expenses1823.3
Operating income-0.0117.4-3.84
Interest expense1.087.64
Interest income00.06
Other non-operating income0.94-9.45
Pre-tax income-0.0118.3-13.3
Income tax0.22-3.47
Net income to minority interests-1.7
Net income-0.0118.3-8.13
EBITDA19-1.44
EPS, basic-1.25
EPS, diluted-1.25
Shares, basic (weighted)6.48
Shares, diluted (weighted)6.48
Dividend per share11.50

Balance sheet

FY2021FY2022FY2024
Cash and equivalents0.042.022.97
Other current assets0.20
Total current assets0.345.485.16
Property, plant and equipment0.02
Lease right-of-use assets0.13
Other non-current assets0.01
Total assets0.3464.7103
Accounts payable1.228.87
Accrued liabilities0.140.4
Short-term debt26.844.1
Total current liabilities0.224.2336.4
Long-term debt34.2
Lease liabilities0.06
Other non-current liabilities0.68
Total liabilities0.2236.277.6
Total debt26.843.8
Paid-in capital0.1230.5
Retained earnings-0.01-3.18-26.7
Shareholders' equity0.1128.53.84
Minority interests20.4
Total equity0.1128.524.3
Total liabilities and equity0.3464.7103
Shares outstanding2.883.0110.3

Cash flow statement

FY2021FY2022FY2024
Net income0.0118.3-9.83
Depreciation and amortization1.612.41
Stock-based compensation0.012.78
Deferred income tax-3.47
Change in receivables-0.240.41
Cash from operations-0.0918.73.7
Acquisitions-31.1
Purchases of investments-88
Cash from investing-20.7-3.58
Debt issued80.7
Stock issued0.12.63
Cash from financing0.13-0.66
Net change in cash0.010.95-0.53
Interest paid6.15
Income taxes paid0.85

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.49 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-31.8%Operating income / revenue.
EBITDA margin-20.3%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin4.4%Pre-tax income / revenue.
Net margin-9.1%Net income / revenue.
Operating cash flow margin-53.2%Cash from operations / revenue.
Effective tax rate534.2%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)-2.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-1.8%Net income / average total assets.
Return on invested capital (ROIC)-6.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue13.3%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue11.5%Depreciation and amortization / revenue.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.35xCurrent assets / current liabilities.
Quick ratio0.06x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.06x(Cash + short-term investments) / current liabilities.
Debt / equity0.09xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.3%Total debt / total assets.
Liabilities / assets32.0%Total liabilities / total assets.
Net debt$4.8MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-0.84xOperating income / interest expense.
Working capital-$9.9MCurrent assets - current liabilities.
Tangible book value$60.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.19xRevenue / average total assets.
Fixed asset turnover861xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.03Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.31Revenue / diluted weighted shares.
Operating cash flow per share-$0.17Cash from operations / diluted weighted shares.
Book value per share$1.11Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.11Tangible book value / shares outstanding.
Cash per share$0.02(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$24.6MShare price x shares outstanding.
Enterprise value$29.4MMarket cap + total debt - cash - short-term investments.
P/S1.43xMarket cap / revenue.
P/B0.40xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.40xMarket cap / tangible book value, when positive.
EV/Sales1.71xEnterprise value / revenue.
Earnings yield-6.4%Net income / market cap (the inverse of P/E).
What was EON Resources Inc.'s revenue in fiscal 2024?

EON Resources Inc. reported revenue of $19.4M for fiscal 2024, 45.2% lower than the year before.

Was EON Resources Inc. profitable in fiscal 2024?

No. It reported a net loss of $8.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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