After Crude Oil’s Recent Spike, This Permian Producer Has Locked In Prices Through 2027

• Expanded hedging position will support production growth expected from its horizontal drilling program, the company said.
• EON added that it used last week’s oil price surge to extend its hedges to a full 24-month period.
• Some of EON's 2026 hedges were placed above $70 per barrel.

EON Resources Inc (EONR) announced on Wednesday the expansion of its oil hedging position to cover its base production needs through 2026 and 2027, taking advantage of recent crude price spikes.

The company said the expanded hedging position will support production growth expected from its planned horizontal drilling program. EON added that it used last week’s oil price surge to extend its hedges to a full 24-month period.

Under the hedging plan, about 75% of expected production is hedged for the next 15 months, while more than 50% of output is hedged for the final nine months of 2027. Some of its 2026 hedges were placed above $70 per barrel, it said.

EONR shares were trading around 1% lower.

Oil Hedging In February

This follows the company’s move in February to expand its hedging position for 2026 and 2027 to manage price risks. EON Resources locked in several hedging contracts during the oil price spike in September, securing swap deals at average prices above $60 per barrel. The company hedged about 60% of its oil production for the rest of 2026 and 50% for the first quarter of 2027.

EON Resources operates about 20,000 leasehold acres in the Permian Basin and manages around 750 producing and injection wells that generate more than 1,000 barrels of oil per day.

How Did Stocktwits Users React?

Retail sentiment has remained in the "extremely bullish" zone over the past 24 hours, amid "extremely high" message volumes.

One user said "plan for more volatility ahead"

Another user said short interest is not a factor for this stock.

Year-to-date, the stock has gained 115%.

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