EON Resources Amends Agreement With Pogo Royalty To Cut Cash Payment By $1.5M And Reduce Stock Issuance By 1.5M Shares; Expected By End Of July 2025

Amendment to Agreement with Seller Reduces Cash Obligation by $1.5 million; and Reduces Stock Requirement by 1.5 million Shares; Closing Expected by end of July 2025

HOUSTON, TX / ACCESS Newswire / June 17, 2025 / EON Resources Inc. (NYSE:EONR) ("EON" or the "Company") announced that on June 13, 2025 the Company amended the Purchase, Sale, Termination and Exchange Agreement dated February 10, 2025 with Pogo Royalty, LLC ("Pogo" or "Seller"). Closing on the terms of the amendment will result in further improvement to the restructuring of EON's balance sheet by reducing the total cash obligation of the Company to Seller by $1.5 million (from $22.0 million down to $20.5 million), and reducing the stock issuance consideration to Seller by 1.5 million shares of Class A Common Stock (down from 3.0 million Class A shares). A copy of the Original Agreement Press Release dated February 11, 2025 appears on the Company's website.