Infinity Natural Resources Inc (INR) financial statements: income statement, balance sheet and cash flow
Infinity Natural Resources Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Infinity Natural Resources Inc reported revenue of $356.4M and net income of $64.0M.
Income statement
Infinity Natural Resources Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Total revenues
$356.4M
Gathering, processing, and transportation
$54.8M
Lease operating
$26.7M
Production and ad valorem taxes
$5.9M
Depreciation, depletion, and amortization
$103.8M
General and administrative expense
$153.4M
Total operating expenses
$344.5M
Operating income
$11.9M
Interest, net
($9.7M)
Gain (loss) on derivative instruments
$58.4M
Other income (expense)
($1.5M)
Net income before income tax expense (benefit)
$59.1M
Income tax expense (benefit)
($4.9M)
Net income
$64.0M
Net income attributable to Infinity Natural Resources, LLC prior to the reorganization
$9.9M
Net income attributable to redeemable non-controlling interests
$40.2M
Net income attributable to Infinity Natural Resources, Inc.
$13.8M
Weighted-average common stock outstanding—basic (in shares)
15.4M
Net income (loss) attributable to Infinity Natural Resources, Inc.—basic (in dollars per share)
$0.90
Weighted-average common stock outstanding—diluted (in shares)
61.0M
Net income (loss) attributable to Infinity Natural Resources, Inc.— diluted (in dollars per share)
$0.89
Infinity Natural Resources Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$171.0M
$154.9M
$79.7M
$74.5M
Gathering, processing, and transportation
$29.4M
$19.7M
$12.7M
$14.5M
Lease operating
$10.0M
$8.9M
$6.7M
$6.3M
Production and ad valorem taxes
$1.9M
$2.3M
$799.0K
$3.1M
Midstream operations and maintenance expense
$2.4M
$1.5M
—
—
Depreciation, depletion, and amortization
$44.4M
$35.7M
$27.6M
$23.7M
General and administrative
$12.4M
$21.4M
$8.1M
$5.3M
Total operating expenses
$100.5M
$89.5M
$55.8M
$52.8M
Operating income (loss)
$70.5M
$65.3M
$23.9M
$21.7M
Interest, net
($14.7M)
($5.8M)
($2.3M)
($1.4M)
Gain (loss) on derivative instruments
$57.5M
($65.1M)
$15.3M
$52.1M
Other income (expense)
$144.0K
($1.1M)
($232.0K)
($1.1M)
Net income (loss) before income tax expense (benefit)
$113.5M
($6.7M)
$36.6M
$71.4M
Income tax expense (benefit)
$5.5M
($348.0K)
($3.4M)
($588.0K)
Net income (loss)
$108.0M
($6.3M)
$40.0M
$72.0M
Net income attributable to Infinity Natural Resources, LLC prior to the reorganization
$0
$0
$0
$0
Net income (loss) attributable to redeemable non-controlling interests
$76.2M
($4.5M)
$29.6M
$54.0M
Net income (loss) attributable to Infinity Natural Resources, Inc.
$31.8M
($1.9M)
$10.4M
$18.0M
Weighted-average common stock outstanding—basic (in shares)
18.7M
17.7M
15.4M
15.2M
Weighted-average common stock outstanding—diluted (in shares)
36.2M
17.7M
15.9M
15.2M
Net income (loss) attributable to Infinity Natural Resources, Inc.—basic (in dollars per share)
$1.35
-$0.28
$0.67
$1.18
Net income (loss) attributable to Infinity Natural Resources, Inc. — diluted (in dollars per share)
$0.88
-$0.28
$0.65
$1.18
Balance sheet
Infinity Natural Resources Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$2.8M
Oil and natural gas sales, net
$54.8M
Joint interest and other, net
$12.9M
Short Term Deposit on Acquisitions
$61.2M
Prepaid expenses and other current assets
$4.0M
Commodity derivative assets
$24.8M
Total current assets
$160.6M
Oil and natural gas properties, full cost method (including $88.7 million and $86.5 million as of December 31, 2025 and 2024, respectively excluded from amortization)
$1.3B
Midstream and other property and equipment
$57.1M
Less: Accumulated depreciation, depletion, and amortization
($256.7M)
Property and equipment, net
$1.1B
Operating lease right-of-use assets, net
$1.1M
Deferred tax asset, net
$4.9M
Other assets
$6.7M
Commodity derivative assets
$2.9M
Total assets
$1.2B
Accounts payable
$38.6M
Royalties payable
$39.7M
Accrued liabilities and other
$23.0M
Operating lease liabilities
$181.0K
Commodity derivative liabilities, short-term
$1.1M
Total current liabilities
$102.6M
Credit facility borrowings
$150.9M
Operating lease liabilities, net of current portion
$966.0K
Asset retirement obligations
$3.6M
Commodity derivative liabilities
$3.4M
Tax Receivable Agreement
$1.5M
Total liabilities
$262.9M
Redeemable non-controlling interest
$670.8M
Members’ equity
$0
Common stock outstanding
$607.0K
Additional paid-in capital
$311.0M
Accumulated deficit
($4.4M)
Total stockholders' deficit
$307.1M
Total stockholders’ equity / members’ equity
$0
Total liabilities, redeemable non-controlling interest and stockholders’ equity / members’ equity
Oil and natural gas properties, full cost method (including $114.2 million and $88.7 million as of June 30, 2026 and December 31, 2025, respectively, excluded from amortization)
$2.0B
$1.8B
$1.2B
$1.1B
Midstream and other property and equipment
$352.6M
$343.1M
$55.7M
$46.8M
Less: Accumulated depreciation, depletion, and amortization
($336.5M)
($292.2M)
($225.5M)
($198.0M)
Property and equipment, net
$2.0B
$1.9B
$1.0B
$963.5M
Operating lease right-of-use assets, net
$1.9M
$1.7M
$1.2M
$1.2M
Deferred tax asset, net
$301.0K
$5.2M
$4.2M
$604.0K
Other assets
$16.9M
$18.6M
$7.1M
$7.7M
Commodity derivative assets
$17.9M
$2.7M
$416.0K
$307.0K
Total assets
$2.2B
$2.1B
$1.1B
$1.0B
Accounts payable
$29.9M
$47.6M
$68.4M
$57.6M
Royalties payable
$78.1M
$59.2M
$26.6M
$23.6M
Accrued liabilities and other
$76.5M
$65.3M
$29.3M
$31.2M
Operating lease liabilities
$593.0K
$535.0K
$177.0K
$173.0K
Commodity derivative liabilities, short-term
$2.1M
$30.9M
$4.2M
$7.1M
Total current liabilities
$187.2M
$203.5M
$128.7M
$119.9M
Long-term debt
$538.1M
$537.6M
$75.4M
$34.4M
Operating lease liabilities, non-current
$1.3M
$1.1M
$1.0M
$1.1M
Asset retirement obligations
$7.5M
$7.4M
$3.5M
$3.3M
Commodity derivative liabilities
$298.0K
$6.5M
$5.4M
$8.7M
Tax receivable agreement
$3.6M
$3.6M
$1.6M
$35.0K
Total liabilities
$738.0M
$759.8M
$215.6M
$167.3M
Series A Preferred Stock ($0.01 par value; 350,000 and 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively)
343.6M
337.1M
—
—
Redeemable non-controlling interest
$706.6M
$822.2M
$608.4M
$846.1M
Common stock value
$633.0K
$634.0K
$608.0K
$608.0K
Additional paid-in capital
$382.7M
$189.2M
$312.5M
$44.4M
Retained earnings (accumulated deficit)
$15.6M
($9.4M)
($24.5M)
($34.9M)
Total stockholders’ equity
$398.9M
$180.4M
$288.6M
$10.1M
Total liabilities, stockholders’ equity, redeemable interest and Series A Preferred Stock
$2.2B
$2.1B
$1.1B
$1.0B
Cash flow statement
Infinity Natural Resources Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Net income
$64.0M
Depreciation, depletion, and amortization
$103.8M
Amortization of debt issuance costs
$1.7M
Share-based compensation expense
$133.4M
Loss (gain) on derivative instruments
($58.4M)
Cash received on settlement of derivative instruments
$12.2M
Non-cash lease expense
$248.0K
Deferred income taxes
($4.9M)
Accounts receivable
$3.8M
Prepaid expenses and other assets
($1.8M)
Accounts payable
$743.0K
Royalties payable
$16.6M
Accrued and other expenses
($3.1M)
Other assets and liabilities
($6.5M)
Net cash provided by operating activities
$261.8M
Additions to oil and gas properties
($356.4M)
Additions to oil and gas properties
$0
Deposits of acquisitions of oil and gas properties
($61.2M)
Additions to midstream and other property and equipment
($12.6M)
Net cash used in investing activities
($430.2M)
Borrowings under revolving credit facility
$253.5M
Borrowings on notes payable
$124.0K
Payments on revolving credit facility
($362.0M)
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions