EON Resources Reports A 19% Increase in Revenues and Lower Costs for the First Quarter of 2026, Advances San Andres Horizontal Drilling as Early Tests Confirm Commercial Oil Production
ACCESSWIRE•13/10/2026•10:40 ET
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Key Highlights
- ➤Q1 net-of-derivatives revenue $4.2 million, down from $4.5 million year over year
- ➤Q1 net loss widened to $5.8 million from $2.1 million year over year
- ➤Three vertical San Andres tests produced commercial oil; best exceeded 100 BOPD
- ➤Two horizontal wells reached 10,000-foot drilling lengths; production expected this month
- ➤San Andres reserve value estimated at $95.8 million PV-10 using $59.25 oil
HOUSTON, TX / ACCESS Newswire / October 13, 2026 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with approximately 20,000 leasehold acres in the Permian Basin and approximately 1.2 billion barrels of original oil in place. The Company has filed its 10-Q for the first quarter of 2026.
The next phase of growth for EON through the San Andres horizontal drilling program in Eddy County, New Mexico has begun. During Q1, 5 vertical San Andres test wells and the first 3 new horizontal wells were permitted.
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