EON Resources shares surge 12.65% after hours on $45.5 million funding, debt retirement, and Permian drilling expansion.

EON Resources Inc. surged 12.65% in after-hours trading following the announcement of a $45.5 million funding round and a farmout agreement with Virtus Energy Partners, LLC. The transaction enables EON to retire $40 million in senior debt while advancing its $300 million Permian Basin drilling program, which includes up to 90 horizontal wells with an estimated net present value of $95 million. The funding and strategic partnership were highlighted in a special conference call on September 30, 2025, and subsequent regulatory filings, signaling improved liquidity and operational scalability. Management’s recent purchase of 1.076 million shares during the third quarter further reinforced investor confidence in the company’s growth trajectory.