Infinity Natural Resources Inc

infinitynaturalresources.com

What Do They Do?

Produces and sells oil, natural gas, and natural gas liquids from properties in the Appalachian Basin to purchasers.

How Do They Make Money?

Customers pay for delivered oil, natural gas, and natural gas liquids at market-based prices, generally 30 to 60 days after production.

revenue

Segment	Share	Revenue	How money arrives
Oil, natural gas, and natural gas liquids sales Sold outright	98%		Sold outright
Midstream activities	1.7%

Who Are Their Customers?

Oil, natural gas, and NGL purchasers buy production; for some gas and liquids contracts, midstream gathering and processing entities handle the product and remit proceeds.

Customers above 10% of revenue, FY2025

of revenue from three customers (33%, 35%, 16%)

FY2024: 82% from three customers

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

3% of revenue

▼ −87% vs FY2024 ($93.7M, 36%)

Net income, FY2025

4% of revenue

vs FY2024 ($0, 0%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +130%; vs $74.5M in Q2 FY2025
Net income: ▲ +77%; vs $18M in Q2 FY2025

Oil, natural gas, and natural gas liquids sales share of revenue vs 97.3% in Q2 FY2025

Aug 10, 2026 Cary Baetz appointed CFO, replacing David Sproule Baetz's appointment and Sproule's resignation take effect on August 12, 2026.

Revenue over time

Oil, natural gas, and natural gas liquids sales Midstream activities

$500M$250M$0

FY2023 FY2024 FY2025

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