INFINITY NATURAL RESOURCES, INC.
Business
Infinity Natural Resources is an independent upstream oil and natural gas producer focused on the Appalachian Basin, primarily in the Utica Shale and Marcellus Shale formations in Ohio and Pennsylvania. The company develops and produces crude oil, natural gas, and natural gas liquids from its reserve base. Infinity operates midstream infrastructure including natural gas gathering pipelines and water systems to support production operations.
Summary from 10-K filed 2026-03-10
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INFINITY NATURAL RESOURCES, INC.'s CIK number?
INFINITY NATURAL RESOURCES, INC.'s SEC CIK number is 0002029118 (2029118). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INFINITY NATURAL RESOURCES, INC.'s SEC filings?
All of INFINITY NATURAL RESOURCES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INFINITY NATURAL RESOURCES, INC. last report earnings?
INFINITY NATURAL RESOURCES, INC. (INR) most recently filed an earnings 8-K with the SEC on Jul 17, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002029118-26-000081). This is INFINITY NATURAL RESOURCES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is INFINITY NATURAL RESOURCES, INC.'s most recent earnings 8-K?
INFINITY NATURAL RESOURCES, INC.'s latest earnings 8-K (Item 2.02) was filed Jul 17, 2026 under accession 0002029118-26-000081. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View INFINITY NATURAL RESOURCES, INC.'s latest earnings 8-K →
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