EON Resources Inc. (NYSE:EONR) ("EON" or the "Company") is an independent upstream energy company with 20,000 leasehold acres in the Permian Basin. The fields have a total of 750 producing and injection wells producing over 1,000 barrels of oil per day. Today, the Company announced it is increasing its hedging position in 2026 and 2027 to leverage future contracts to manage various risks.

EON took advantage of higher oil price spikes in September 2025 and the last couple of weeks to lock in hedging contracts at favorable pricing. These recent contracts were all swaps and provide for an average price for oil of greater than $60.00 per barrel. EON has now established its hedging position at 60% of current oil production for the balance of 2026, and 50% for the first quarter of 2027. EON will continue to monitor oil prices to further enhance our hedging position as new production comes on line, and into the later quarters of 2027.

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