SCHEDULE: EON Resources: Pogo Royalty Group Exits 5% Stake
Beneficial Ownership Update
Pogo Royalty and affiliated entities have filed a final amendment to their Schedule 13D, indicating their beneficial ownership in EON Resources Inc. has fallen below 5% due to new share issuances by the company.
Summary
- Pogo Royalty, LLC, CIC Pogo LP, CIC IV GP LLC, CIC Partners Firm LP, and CIC Partners Firm GP LLC (collectively, the "Reporting Persons") no longer beneficially own more than 5% of EON Resources Inc.'s Class A Common Stock.
- This change occurred because EON Resources Inc. issued additional shares of Class A Common Stock to parties other than the Reporting Persons.
- As of September 29, 2025, the Reporting Persons collectively beneficially owned 2,000,000 shares of Class A Common Stock.
- The 2,000,000 shares represent 4.55% of the total 43,991,721 Class A Common Stock shares outstanding as of September 29, 2025.
- This Amendment No. 5 to Schedule 13D is the final amendment and constitutes an exit filing for the Reporting Persons, meaning they are no longer required to report their holdings on Schedule 13D.
Sentiment
Score: 5
Explanation: Neutral. The filing is a factual disclosure of a change in beneficial ownership due to share dilution from the issuer, not an assessment of company performance or a strategic move by the Reporting Persons to divest.
Future Outlook
The filing does not contain any forward-looking statements or guidance from EON Resources Inc. or the Reporting Persons.
Industry Context
This filing is a regulatory disclosure of a change in beneficial ownership by a specific investor group and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Existing shareholders (including the Reporting Persons) experienced dilution due to the issuance of additional shares by EON Resources Inc.
Next Steps
- The Reporting Persons will no longer be required to file Schedule 13D amendments for EON Resources Inc. as their beneficial ownership is below 5%.
Key Dates
| Date | Description |
|---|---|
| 2023-11-24 | Original Schedule 13D filing date by the Reporting Persons. |
| 2025-09-29 | Date of event requiring this filing, as beneficial ownership dropped below 5%. Also, the date EON Resources Inc. filed a Supplement to its Definitive Proxy Statement on Schedule 14A, disclosing the increased number of outstanding shares. |
| 2025-10-07 | Date of filing this Amendment No. 5 to Schedule 13D. |
Keywords
EON Resources, Pogo Royalty, Schedule 13D, beneficial ownership, equity stake, SEC filing, Class A Common Stock, institutional investor, exit filing
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