Infinity Natural Resources Inc banner
I

Infinity Natural Resources Inc
NYSE:INR

Watchlist Manager
Infinity Natural Resources Inc
NYSE:INR
Watchlist
Price: 15.78 USD -1.38% Market Closed
Market Cap: $1B

Infinity Natural Resources Inc
Investor Relations

Infinity Natural Resources Inc is a US-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Morgantown, West Virginia. The company went IPO on 2025-01-31. Infinity Natural Resources, Inc. is an independent energy company. The company is focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Its properties include Utica Shale Oil-Ohio, and Marcellus Shale Dry Gas and Utica Deep Dry Gas-Pennsylvania. Its activities are focused on developing its Ohio properties, which are centered in the volatile oil window of the Utica Shale. Its Pennsylvania properties are predominately located to the northeast of Pittsburgh in Westmoreland, Armstrong and Indiana counties. The company has expanded its leasehold position through a series of subsequent acquisitions and has over 30,250 net surface acres with exposure to both Marcellus and Utica Shales and operates 13 producing horizontal wells and three drilled and uncompleted wells. The company maintains an inventory of 120 and 66 undeveloped Marcellus and Utica locations in Pennsylvania. Its Pennsylvania acreage overlays the dry gas Utica Shale, providing 66 highly prospective locations.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 11, 2026
AI Summary
Q4 2025

Production: Q4 net production averaged 45.3 MBOE/day; full-year 2025 production stated as 35.3 BOE/day and management said 2025 production grew ~46% vs. 2024.

Financials: Q4 adjusted EBITDAX was $94.0 million; full-year adjusted EBITDA was $261 million; operating costs averaged $5.56 per BOE in Q4 and declined ~36% YoY.

Acquisitions & Balance Sheet: Closed a $1.2 billion Ohio Utica acquisition from Antero (includes midstream); issued $350 million perpetual convertible preferred securities convertible at $21.36; net debt ~$148 million and total liquidity ~$227 million.

2026 Plan: Will run 2 rigs in 2026, expect to turn 31 gross wells, guide development capital of $450–$500 million and forecast net production of between 345 and 375 MCF/day (management said this represents ~70% growth YoY).

Operational execution: Emphasis on long laterals (average well turned to sales >1,700 lateral feet in 2025), 6–7 month cycle times, and standardization across Ohio and Pennsylvania to preserve capital efficiency.

Hedging & optionality: Company locked attractive oil hedges for 2026–2027 and intends to balance oil vs. gas development depending on price environment.

Midstream strategy: Acquisition included midstream ownership increasing company-controlled midstream capacity (cited ~1.2 Bcf/day capacity) and management expects midstream capital and third-party revenue opportunities.

Key Financials
Net production (Q4)
45.3 MBOE per day
Production (full year 2025)
35.3 BOE per day
Adjusted EBITDAX (Q4)
$94.0 million
Adjusted EBITDA (full year)
$261 million
Realized oil price (Q4)
$51.22 per barrel
Realized natural gas price (Q4)
$3.14 per Mcfe
Realized NGL price (Q4)
$23.56 per barrel
Adjusted EBITDA margin (per Mcfe, Q4)
$3.76 per Mcfe
Adjusted EBITDA margin (per BOE, Q4)
$22.58 per BOE
Operating costs (Q4)
$5.56 per BOE
Capital expenditures (FY 2025 total)
approximately $326 million
Drilling & completion CapEx (FY 2025)
$274.7 million
Land spend (FY 2025)
$35.5 million
Midstream & infrastructure investments (FY 2025)
approximately $16.1 million
Development capital expenditures (FY 2025)
approximately $290.8 million
Share repurchases (Q4)
87,000 shares at $13.50 average; total ~$1.2 million
Perpetual convertible preferred securities issued
$350 million (convertible at $21.36 per share)
Net debt (year-end)
approximately $148 million
Total liquidity (year-end)
approximately $227 million
2026 wells expected to turn to sales
31 gross wells
2026 production guidance
between 345 and 375 MCF per day
2026 development capital guidance
$450 million to $500 million
Rigs operated (current / 2026)
2 rigs (operated)
Wells turned into sales (Q4)
6 wells totaling 103,000 lateral feet
Wells spudded (Q4)
9 wells totaling approximately 142,000 lateral feet
Wells turned into sales (full year 2025)
23 wells (12 in Pennsylvania, 11 in Ohio)
DUCs (entering 2026)
8 DUCs
Average lateral feet for wells turned to sales (2025)
exceeded 1,700 lateral feet
Inventory
over 390 locations (more than 10 years at a 2-rig program)
Acquisition cost (Antero Ohio Utica)
$1.2 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Zack Arnold
President, CEO & Director
No Bio Available
Mr. David J. Sproule
Senior EVP, CFO & Director
No Bio Available
Mr. Raleigh Wolfe
General Counsel & Secretary
No Bio Available
Mr. Ian Costello
Senior Vice President of Operations
No Bio Available
Mr. Gregory Pipkin Jr.
Vice President of Corporate Development & Strategy
No Bio Available
Mr. Ryan Warner P.E.
Senior Vice President of Commercial and Production
No Bio Available
Ms. Britney Crookshanks
Senior Vice President of Land
No Bio Available

Contacts

Address
WEST VIRGINIA
Morgantown
2605 Cranberry Square
Contacts
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett