EON Resources Inc., an independent upstream energy company with oil and gas properties in the Permian Basin, announced its financial results for the first quarter of 2025. The company reported total revenues of $4.6 million for the quarter, marking an increase of $850,000 from the fourth quarter of 2024. This rise was driven by a $225,000 increase due to higher oil prices, a $575,000 reduction in negative non-cash hedging impact, and a $50,000 increase in generated gas revenues. EON Resources achieved an income from operations of $1.8 million in the first quarter. The company has been implementing cost reduction measures, resulting in a decrease in lease operating expenses to $683,000 per month, down from the $700,000 per month run rate for most of 2024. Capital expenditures for the quarter amounted to $600,000. The company is making significant strides in improving its balance sheet, having reduced its senior debt from an original $28 million to approximately $22 million. Additionally, EON Resources has converted short-term private loans and warrant liabilities into long-term Convertible Notes. The company's production strategy includes hedging 70% of its current oil production at a price of $70.00 per barrel or greater through the end of the calendar year 2025. Operational improvements include the fracing of several wells and restarting acid treatments with improved formulas, which have shown promising results.