INFINITY NATURAL RESOURCES, INC. INR
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).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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 | 0.90 | 0.00 | 0.00 | — |
| EPS, diluted | 0.89 | 0.00 | 0.00 | — |
| Shares, diluted (wtd. avg.) | 61.0M | 0 | 0 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $159.5M | $257.7M | $350.4M |
| Gross profit | — | — | — | — |
| Net income | — | $86.7M | $0 | $13.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 1311
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|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $85.51B | 17.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $64.15B | 39.9x | -5.0% |
| FANG | Diamondback Energy, Inc. | $57.62B | 35.9x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $56.53B | 12.3x | 5.4% |
| EQT | EQT Corp | $34.80B | 16.8x | 63.9% |
| EXE | EXPAND ENERGY Corp | $22.30B | 12.3x | 186.3% |
| PR | Permian Resources Corp | $21.35B | 19.9x | 1.3% |
| OVV | Ovintiv Inc. | $19.91B | 15.1x | -3.1% |