EON Resources says 2025 annual report overstated depreciation expense by $3.54 million, cannot be relied upon

EON Resources Inc. disclosed in an 8-K filed with the SEC on 13 October 2026 that it found an error in the calculation of depletion, depreciation and amortisation expense for the fourth quarter of the fiscal year ended 31 December 2025, as reported in its annual report on Form 10-K for that year, filed on 28 September 2026.

The filing states the depletion, depreciation and amortisation expense for the year ended 31 December 2025 was overstated by $3,540,000 and that net loss decreased by $2,632,000. The company says it expects the reported loss allocated to its shareholders for the year to be reduced from $10.1 million to approximately $7.5 million once it files an amended 2025 Form 10-K.

Management determined on 8 October 2026 that the 2025 Form 10-K filed on 28 September 2026 should no longer be relied upon, according to the filing. The company states the restatement is non-cash in nature and will have no impact on its cash flows or cash, cash equivalents and marketable investments. It adds that authorised officers discussed the matter with its independent registered accounting firm, CBIZ CPAs P.C.

The 8-K says the preliminary evaluation is subject to completion of the company's restatement analysis, financial close and reporting process, and the financial statement audits and reviews for the affected period. The filing does not state when the amended 2025 Form 10-K will be filed.

SEC EDGAR records show this is not EON Resources' first such disclosure: the company filed an earlier 8-K on 27 February 2026 also reporting that past accounts could not be relied upon. The record reviewed here does not say whether the two disclosures relate to the same underlying issue.