INFINITY NATURAL RESOURCES, INC. INR

Energy SIC 1311 - Crude Petroleum & Natural Gas NYSE

We are a growth oriented independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Our operations are focused on the Utica Shale in eastern Ohio as well as our dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania, providing highly economic stacked development inventory that leverages shared infrastructure and operational efficiencies. Our portfolio is balanced across oil and natural gas assets, allowing us to optimize our development plan to respond to changes in commodity prices over time. Unless expressly stated otherwise, the operating and financial information presented in this Annual Report does not give effect to the completion of the Antero Acquisition or the Preferred Investment (each as defined herein).

Last close 15.61 2026-09-04
Market cap $292.1M estimated share count
52-week range 11.13 - 19.59

Valuation FY2025 figures against the last close

P/S0.8x
P/E17.5x
P/FCF1.1x
EV/EBITDA2.5x
Dividend yield
Diluted EPS0.89

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $350.4M$257.7M$159.5M
SG&A $153.4M$13.0M$4.9M
Total operating expenses $344.5M$165.3M$109.0M
Operating income $11.9M$93.7M$52.7M
Pre-tax income $59.1M$49.3M$86.7M
Income tax $4.9M$0$0
Net income $13.8M$0$86.7M
EPS, basic 0.900.000.00
EPS, diluted 0.890.000.00
Shares, diluted (wtd. avg.) $61.0M$0$0

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $2.8M$2.2M$1.5M$739.0K
Receivables $54.8M$39.3M
Total current assets $160.6M$85.6M
Total assets $1.24B$915.5M
Accounts payable $38.6M$51.4M
Total current liabilities $102.6M$133.3M
Long-term debt $55.0K
Total liabilities $262.9M$407.2M
Retained earnings -$4.4M$0
Total equity $307.1M$0$0

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow $261.8M$177.7M$106.5M
Depreciation and amortisation $103.8M$73.7M$53.8M
Stock-based compensation $133.4M$0$0
Investing cash flow -$430.2M-$256.1M-$436.7M
Financing cash flow $169.0M$79.2M$331.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002029118-26-000014.

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