EON Resources shares surge 13.32% premarket after retiring $41M debt, $27M preferred shares, and boosting equity by $22.7M.

EON Resources Inc. surged 13.32% in premarket trading following the release of its record Q3 2025 results, which highlighted a $5.6 million net income, $41 million in senior/seller debt retirement, and a $22.7 million increase in shareholder equity. The company secured $45.5 million in funding through a combination of perpetual overriding royalty interests and a farmout agreement with Virtus Energy, enabling debt reduction and unlocking growth potential in its Permian Basin assets. A $13.4 million gain on asset sales and $1.8 million in debt forgiveness further boosted earnings. Management emphasized the funding’s role in positioning EON for expansion, including a 90-well horizontal drilling program in the San Andres formation. These developments, signaling improved financial health and growth prospects, directly drove the premarket rally.