EON Resources Inc. (NYSE:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Given the current volatility in the market, the Company's contractual hedging program mitigates the negative impact of reduced oil price risk through the end of CY 2025.

Approximately 70% of the Company's oil production is contractually hedged.

Hedge prices the Company receives are from $70.10 to $70.50 per barrel.

The hedges are established and fixed in volume and price for the next 9 months.

"EON has a very responsible hedging program designed to protect the Company from volatile swings in oil prices as we have witnessed this week apparently driven by the expected increase in oil production by Saudi Arabia," said Mitchell B. Trotter, CFO of EON. "While we do not believe that the current oil price volatility will last for an extended period of time, our hedging program mitigates a negative impact to our financial results."