INFINITY NATURAL RESOURCES, INC.

Listed Company

INRCIK 0002029118NYSENon-AcceleratedEmerging GrowthCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$356.43M

Net Income

$13.84M

Total Assets

$1.24B

Equity

$307.14M

Shares Out

—

Op. Cash Flow

$261.79M

Business

INFINITY NATURAL RESOURCES, INC. is a growth-oriented independent energy company focused on acquiring, developing and producing hydrocarbons. It produces and markets oil, natural gas and natural gas liquids (NGLs) and provides related midstream services through company-owned infrastructure. Its operations are conducted through its ownership interest in INR Holdings and the operating subsidiaries INR Operating, INR Ohio, INR Midstream, Block Island and Cheat Mountain. The company’s assets and development activities are concentrated in the Appalachian Basin, principally eastern Ohio and southwestern Pennsylvania, with production marketed via midstream channels.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Total revenues	356	259	162
Gathering, processing, and transportation	55	49	31
Lease operating	27	28	18
Production and ad valorem taxes	6	1	886,000
Depreciation, depletion, and amortization	104	74	54
General and administrative expense	153	13	5
Total operating expenses	345	165	109
Operating income	12	94	53
Interest, net	−10	−22	−12
Gain (loss) on derivative instruments	58	−22	45
Other income (expense)	−2	−874,000	565,000
Net income before income tax expense (benefit)	59	49	87
Income tax expense (benefit)	−5	0	0
Net income	64	49	87
Net income attributable to Infinity Natural Resources, LLC prior to the reorganization	10	49	87
Net income attributable to redeemable non-controlling interests	40	0	—
Net income attributable to Infinity Natural Resources, Inc.	14	0	—
Weighted-average common stock outstandingbasic (in shares)	15	0	0
Net income (loss) attributable to Infinity Natural Resources, Inc.basic (in dollars per share)	0.9	0	0
Weighted-average common stock outstandingdiluted (in shares)	61	0	0
Net income (loss) attributable to Infinity Natural Resources, Inc. diluted (in dollars per share)	0.89	0	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	3	2	—	—
Oil and natural gas sales, net	55	39	—	—
Joint interest and other, net	13	32	—	—
Short Term Deposit on Acquisitions	61	0	—	—
Prepaid expenses and other current assets	4	12	—	—
Commodity derivative assets	25	0	—	—
Total current assets	161	86	—	—
Oil and natural gas properties, full cost method (including $88.7 million and $86.5 million as of December 31, 2025 and 2024, respectively excluded from amortization)	1,264	933	—	—
Midstream and other property and equipment	57	40	—	—
Less: Accumulated depreciation, depletion, and amortization	−257	−153	—	—
Property and equipment, net	1,065	820	—	—
Operating lease right-of-use assets, net	1	1	—	—
Deferred tax asset, net	5	0	—	—
Other assets	7	8	—	—
Commodity derivative assets	3	0	—	—
Total assets	1,241	915	—	—
Accounts payable	39	51	—	—
Royalties payable	40	23	—	—
Accrued liabilities and other	23	46	—	—
Operating lease liabilities	181,000	247,000	—	—
Commodity derivative liabilities, short-term	1	13	—	—
Total current liabilities	103	133	—	—
Credit facility borrowings	151	259	—	—
Operating lease liabilities, net of current portion	966,000	1	—	—
Asset retirement obligations	4	3	—	—
Commodity derivative liabilities	3	10	—	—
Tax Receivable Agreement	2	0	—	—
Total liabilities	263	407	—	—
Redeemable non-controlling interest	671	0	—	0
Members equity	0	508	—	—
Additional paid-in capital	311	0	—	—
Accumulated deficit	−4	0	—	—
Total stockholders' deficit	307	0	—	0
Total stockholders equity / members equity	0	508	458	150
Total liabilities, redeemable non-controlling interest and stockholders equity / members equity	1,241	915	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation, depletion, and amortization	104	74	54
Amortization of debt issuance costs	2	2	778,000
Share-based compensation expense	133	0	0
Cash received on settlement of derivative instruments	12	28	19
Non-cash lease expense	248,000	203,000	98,000
Deferred income taxes	−5	0	0
Accounts receivable	4	−27	−22
Prepaid expenses and other assets	−2	143,000	−2
Accounts payable	743,000	16	8
Royalties payable	17	6	6
Accrued and other expenses	−3	12	703,000
Other assets and liabilities	−6	−4	−98,000
Net cash provided by operating activities	262	178	106
Additions to oil and gas properties	−356	−250	−146
Additions to oil and gas properties	0	0	−279
Deposits of acquisitions of oil and gas properties	−61	0	0
Additions to midstream and other property and equipment	−13	−7	−12
Net cash used in investing activities	−430	−256	−437
Borrowings under revolving credit facility	254	411	204
Borrowings on notes payable	124,000	0	0
Payments on revolving credit facility	−362	−323	−91
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions	286	500,000	222
Payments of debt issuance costs	−645,000	−5	−4
Payments of initial public offering costs	−7	−4	0
Payments on notes payable	−229,000	−117,000	−110,000
Distributions to noncontrolling interest owners	−242,000	0	0
Share Repurchase Program	−1	0	0
Net cash provided by financing activities	169	79	331
Net increase in cash and cash equivalents	646,000	699,000	765,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro