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Infinity Natural Resources, Inc.

INR

Infinity Natural Resources, Inc. • NYSE
$13.24 ▲ 1.85% (+0.24)
Market Cap $206.60 M
52w High $23.00
52w Low $11.13
Dividend Yield 0%
P/E -15.22
Volume 92.80K
Outstanding Shares 15.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $79.726M ▲ $14.708M ▲ $10.404M ▼ 13.05% ▼ $0.67 ▼ $66.518M ▼
Q2-2025 $74.476M ▼ $11.559M ▼ $17.988M ▲ 24.153% ▲ $1.18 ▲ $96.359M ▲
Q1-2025 $85.165M ▲ $139.184M ▲ $-24.655M ▼ -28.95% ▼ $-2.27 ▼ $-104.002M ▼
Q4-2024 $69.113M ▼ $12.216M ▲ $-5.517M ▼ -7.983% ▼ $2.57 ▲ $17.131M ▼
Q3-2024 $69.242M $9.515M $44.789M 64.685% $0.39 $73.148M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.572M ▼ $1.113B ▲ $215.556M ▲ $288.62M ▲
Q2-2025 $6.282M ▲ $1.024B ▲ $167.314M ▼ $10.143M ▲
Q1-2025 $4.859M ▲ $953.917M ▲ $171.875M ▼ $-52.237M ▼
Q4-2024 $2.203M ▼ $915.466M ▲ $407.224M ▲ $508.242M ▲
Q3-2024 $23.096M $851.042M $86.87M $171.939M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $10.404M ▼ $42.069M ▼ $-84.751M ▲ $40.972M ▲ $-1.71M ▼ $-42.682M ▼
Q2-2025 $17.988M ▲ $70.402M ▼ $-86.115M ▲ $17.136M ▼ $1.423M ▼ $-15.713M ▲
Q1-2025 $-128.362M ▼ $74.229M ▲ $-108.431M ▼ $36.858M ▲ $2.656M ▲ $-34.202M ▼
Q4-2024 $-5.517M ▼ $30.1M ▼ $-61.363M ▲ $31.901M ▲ $638K ▲ $-31.263M ▲
Q3-2024 $44.789M $50.775M $-86.384M $30.313M $-5.296M $-35.609M

Five-Year Company Overview

Income Statement

Income Statement Infinity Natural Resources is already generating revenue and has stayed profitable at the net income level, which is notable for a relatively young exploration and production company. Sales have been trending upward over the past few years, but the pace of growth is still modest, reflecting a company that is scaling its asset base rather than one already in full production mode. Profitability metrics look decent but somewhat uneven, with earnings bouncing around rather than rising in a straight line. This pattern suggests that results are sensitive to drilling schedules, commodity prices, and one‑off items, which is typical for a smaller energy producer. Overall, the income statement shows a business that works on paper, but still needs more scale and consistency to smooth out volatility.

Balance Sheet

Balance Sheet The balance sheet has expanded quickly, with total assets growing as the company acquires and develops more acreage and wells. Both debt and equity have increased, signaling a mix of borrowing and owner capital to fund this growth. Leverage has risen but from a relatively low starting point, and shareholders’ equity has grown steadily, which points to a balance between risk-taking and capital discipline. The reported cash position looks lean, so financial flexibility likely depends on access to credit lines, external capital, and steady cash inflows from operations. Overall, the company appears asset-rich and still in build-out mode, with a capital structure that remains manageable but must be watched as spending continues.

Cash Flow

Cash Flow Cash flow from operations has been positive and improving, which is a good sign that the underlying assets are generating real cash, not just accounting profits. However, free cash flow has been consistently negative because the company is spending heavily on new wells and related infrastructure. This is typical for a growth-focused exploration and production company: most of the cash coming in is being plowed back into the ground. The trade-off is clear—near-term cash burn in exchange for a larger future production base. The key ongoing risk is that investment needs remain high, so the business may continue to rely on external financing or capital market access until spending normalizes.

Competitive Edge

Competitive Edge Infinity Natural Resources operates in the Appalachian Basin, one of the most important gas and liquids regions in the United States, and focuses on both oil and natural gas. This dual-commodity setup gives it flexibility to tilt toward whichever resource is more attractive at a given time, an advantage in a volatile price environment. Management and backers bring deep regional experience and private equity support, which can help in sourcing deals, optimizing operations, and maintaining capital discipline. The company’s bolt-on acquisition strategy points to a measured, incremental approach rather than high-risk, transformative deals. On the other hand, it competes against much larger, well-capitalized players and remains exposed to pipeline constraints, regulatory shifts, and commodity price swings that can quickly change the economics of its projects.

Innovation and R&D

Innovation and R&D The company leans heavily on operational innovation rather than formal lab-style R&D. It uses longer laterals, dense completion designs, and emerging concepts like “U-turn” laterals to pull more hydrocarbons from each surface location, which can lower costs per unit and reduce surface impact. A dedicated technology leadership role and a push into digital tools, automation, and data analytics suggest a serious effort to modernize the field operation and reduce downtime. Water recycling and a structured ESG program show that the firm is trying to align efficiency with environmental expectations, which may help with permitting and stakeholder relations. While many peers are also pursuing similar technologies, Infinity’s edge will come down to how consistently it can execute and convert these tools into lower costs and more reliable well performance.

Summary

Infinity Natural Resources is an early-stage public energy producer with a functioning, profitable operating model, but still at a relatively small scale and investing heavily for growth. Its financial statements show a business that generates positive operating cash and earnings, yet chooses to reinvest aggressively, resulting in negative free cash flow and a growing asset base. The balance sheet reflects this build-out, with expanding assets, rising but still moderate leverage, and growing equity capital. Competitively, the company benefits from its Appalachian focus, flexible mix of oil and gas, experienced leadership, and strong financial sponsors, but faces all the usual sector risks—commodity volatility, regulatory pressure, and intense competition. Its emphasis on drilling efficiency, digital transformation, and ESG-minded practices positions it as a modern operator, though it still needs to prove that these strengths can translate into durable, large-scale, and less volatile financial performance over time.

NEWS

November 11, 2025 · 4:05 PM UTC

Infinity Natural Resources, Inc. to Participate in Upcoming Fourth Quarter 2025 Investor Conferences

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November 10, 2025 · 4:05 PM UTC

Infinity Natural Resources Announces Third Quarter 2025 Results, Updates 2025 Guidance and Announces $75 Million Share Repurchase Program

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November 3, 2025 · 4:05 PM UTC

Infinity Natural Resources Announces Third Quarter 2025 Results Earnings Release and Conference Call Dates

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October 2, 2025 · 7:00 AM UTC

Infinity Natural Resources Increases Borrowing Base under its Credit Facility

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