Management Buys 364,000 Shares of EON Resources

EON Resources Inc., an upstream energy company based in Houston, Texas, announced that its management team and directors acquired 364,000 shares of its Class A Common Stock. This purchase occurred following the lifting of a black-out period, highlighting the management's belief in EON’s potential. The company operates two fields in the Permian Basin, New Mexico, with daily oil production exceeding 1,000 barrels.

Chief Financial Officer Mitchell B. Trotter noted that stock purchases were made in compliance with trading regulations. President and CEO Dante Caravaggio expressed optimism about EON's future, referencing second-quarter results and impending funding expected in September.

Chairman Joseph Salvucci emphasized that the management’s stock acquisitions signal strong faith in EON's future. Collectively, the team now owns about three million shares.