EON Resources Inc.: restates 2025 Form 10-K; reduces net loss by $2,632,000

What happened

• The company determined an error in the calculation of depletion, depreciation and amortization expense for the fourth quarter of the fiscal year ended Dec 31, 2025 in its annual report on Form 10-K filed with the SEC on Sep 28, 2026. Management determined on Oct 8, 2026 that the 2025 Form 10-K should no longer be relied upon. The company reported it will file an amended 2025 Form 10-K.

Key details

• Depletion, depreciation and amortization expense for the year ended Dec 31, 2025 was overstated by $3,540,000.
• Net loss decreased by $2,632,000; reported loss allocated to shareholders is expected to be reduced from $10,100,000 to approximately $7,500,000.
• The restatement is described as non-cash and will have no impact on the company’s cash flows or cash, cash equivalents and marketable investments.
• Authorized officers discussed the matters with the company’s independent registered accounting firm, CBIZ CPAs P.C.; the evaluation is preliminary and subject to completion of the company’s analysis, financial close and the audits/reviews for the affected period.

Why it may matter

• Item reported: Item 4.02 — non-reliance on previously issued financial statements, covering a correction to reported depletion, depreciation and amortization and resulting restatement and amendment of the 2025 Form 10-K. The filing also includes forward-looking statements about the expected restatement and timing, which the company says are subject to completion of its analysis and audits. This filing does not show why the insider traded or why the company acted.