Reported revenue fell 73%, while revenue before noncash adjustments rose 19%
EON Resources Inc. (EONR) reported a 73% drop in adjusted Q1 2026 revenue but a 19% increase in operating revenue before noncash adjustments. The company's San Andres horizontal wells have started operations, with no production hedged. EON has no senior debt and focuses on balancing revenue growth with downside protection.
