Derivatives (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Weighted-Average Price of Open Commodity Swap Contracts

The following table reflects the weighted-average price of open commodity swap contracts as of September 30, 2025:

Commodity Swaps
			Weighted
	Volume		average
Period	(Bbls/month)		price ($/Bbl)
Q4 2025		2,000	$	62.50
Q1 2026		2,000	$	62.50

The following table reflects the weighted-average price of open commodity swap contracts as of December 31, 2024:

Commodity Swaps
			Weighted
	Volume		average
Period	(Bbls/month)		price ($/Bbl)
Q1-Q2 2025		5,000	$	70.21
Q3-Q4 2025		5,000	$	70.21

Schedule of Derivatives Included in the Accompanying Consolidated Balance Sheets

The combined fair value of derivatives included in the accompanying consolidated balance sheets as of September 30, 2025 and December 31, 2024 is summarized below.

	As of September 30, 2025
	Gross fair value		Amounts netted		Net fair value
Commodity derivatives:
Short-term derivative asset	$	20,561	$	-	$	20,561
Long-term derivative asset		-		-		-
Short-term derivative liability		-		-		-
Long-term derivative liability				-		-
Total derivative liability					$	20,561

	As of December 31, 2024
	Gross fair value			Amounts netted			Net fair value
Commodity derivatives:
Short-term derivative asset	$	151,303		$	(44,906	)	$	106,397
Long-term derivative asset		-			-			-
Short-term derivative liability		(44,906	)		(44,906	)		-
Long-term derivative liability		-			-			-
Total derivative asset							$	106,397

Schedule of Derivatives on the Consolidated Statements of Operations

The effects of the Company’s derivatives on the consolidated statements of operations are summarized below:

	Three Months Ended September 30, 2025			Three Months Ended September 30, 2024			Nine Months Ended September 30, 2025			Nine Months Ended September 30, 2024

Total gain (loss) on unsettled derivatives	$	(653,753	)	$	2,008,631		$	(85,836	)	$	326,508
Total gain (loss) on settled derivatives		429,241			(107,969	)		665,732			(506,571	)
Net gain (loss) on derivatives	$	(224,512	)	$	1,900,662		$	579,896		$	(180,063	)

EON Resources Inc. 10-Q