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EON Resources (EONR) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 17, 2025

EON Resources (EONR) reported revenue of $4.4M for the third quarter 2025 (Q3 2025), -41% from a year earlier and -6% from the quarter before. Operating margin was -40.4%, net earnings $5.6M (128.9% of revenue).

Revenue$4.4M
Year over year-41%
Quarter over quarter-6%
Operating margin-40.4%
Net earnings$5.6M

EON Resources, Q3 2025: revenue $4.4M (-41% year over year), operating margin -40.4%, net earnings $5.6M, operating cash flow −$7.2M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$4.4M-6%-41%
Operating profit−$1.8M——
Net earnings$5.6M——
Operating cash flow−$7.2M——

What changed

Revenue was $4.4M in Q3 2025, down 41% year over year and down 6% from the previous quarter.

Operating costs exceeded revenue by $1.8M, an operating margin of -40.4%. Total costs grew 14% against a revenue fall of 41%. The fastest-growing cost line was General & admin (+16%). Net earnings were $5.6M, up 317% year over year. The effective tax rate was 52.7%. Non-operating items added $13.7M, 115% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$7.2M. Non-cash charges added back $527K of depreciation and amortization and $420K of share-based compensation. Working capital and other items used $13.8M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$8.7M.

Questions

What was EON Resources' revenue in the third quarter 2025?

EON Resources (EONR) reported revenue of $4.4M for the third quarter 2025 (Q3 2025), -41% from a year earlier and -6% from the quarter before.

Was EON Resources profitable in the third quarter 2025?

Operating loss was $1.8M (-40.4% of revenue) and net earnings $5.6M.

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Source: EON Resources 10-Q on SEC EDGAR.