INFINITY NATURAL RESOURCES, INC. (INR) Form 10-Q — Aug 10, 2026

$INRForm 10-QFiled Aug 10, 2026, 4:31 PM ET0002029118-26-000098Original filing

Infinity Natural Resources posted Q2 2026 total revenues of $171.0 million, up 130% year over year, with net income of $108.0 million ($31.8 million attributable to the company). Net production jumped 75% to 348,495 Mcfe/d, driven by the $683.9 million Antero Acquisition completed February 23, 2026 and 30 new wells placed in service. The quarter was funded with $350.0 million of Series A Preferred Stock sold to Quantum Capital Group and Carnelian Energy (8% dividend, stepping to 12% after year five) and $550.0 million of 7.625% senior notes due 2031, while the credit facility borrowing base doubled to $875.0 million — fully undrawn at quarter end.

Key figures

Eps: Q2 2026 basic $1.35 / diluted $0.88; 1H 2026 basic $1.11 / diluted $0.98 (vs $(1.09) prior-year 1H)
Revenue: $171.0 million (Q2 2026); $325.9 million (1H 2026)
Net Income: $108.0 million Q2 2026 ($31.8 million attributable to INR); $101.7 million 1H 2026 vs $(56.4) million loss 1H 2025
Total Debt: $538.2 million long-term debt
Debt Amount: $550.0 million 7.625% senior notes; credit facility undrawn with $875.0 million capacity
Revenue Yoy: +130% (Q2 2026); +104% (1H 2026)
Total Assets: $2.187 billion
Cash Position: $25.9 million (June 30, 2026)
Interest Rate: 7.625% fixed on Notes; SOFR + 2.75%-3.75% on revolver; Series A Preferred 8.0% rising to 12.0% after year five
Maturity Date: April 1, 2031 (senior notes)
Shares Outstanding: 18,642,028 Class A and 44,780,230 Class B as of August 6, 2026
Capex 1h 2026: $259.9 million
Q2 net production: 31,713 MMcfe (+75% YoY)
Impairment recorded: No
Legacy owner interest: 70.6% of INR Holdings
Q2 realized gas price: $2.34 per Mcf (-12% YoY)
Q2 realized oil price: $85.41 per Bbl (+51% YoY)
Preferred dividend paid: $7.1 million cash on July 15, 2026
Q2 avg daily production: 348,495 Mcfe/d vs 198,681 Mcfe/d prior year
Preferred gross proceeds: $350.0 million ($334.0 million net)
Operating cash flow 1h 2026: $196.3 million
Chase acquisition consideration: 2,517,194 Class A shares
Antero acquisition consideration: $683.9 million cash for 60% undivided interest in Ohio upstream and midstream assets

Price after filing

1 day: 0.0%7 days: +6.7%30 days: +19.6%

Close on the filing date to close N calendar days later (from $12.98). Historical, not a forecast.

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