Infinity Natural Resources, Inc.(INR)Earnings, Financials & Key Ratios

INR•NYSE

14.4× P/E·Price updated Jun 19, 2026

SectorEnergy IndustryOil & Gas E&P Sub-IndustryU.S. natural gas shale producers

AboutInfinity Natural Resources, Inc. engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in the Utica Shale Oil covering an area of approximately 63,000 net surface acres located in Ohio; and the Marcellus Shale Dry Gas covering an area of approximately 31,000 net surface acres and the Utica Deep Dry Gas covering an area of 30,029 net acres situated in Pennsylvania. Infinity Natural Resources, Inc. was founded in 2017 and is based in Morgantown, West Virginia.Show more

Revenue$356M+37.6%
EBITDA$116M-30.9%
Net Income$24M-51.8%
EPS (Diluted)0.89-76.1%
Gross Margin46.38%-11.0%
EBITDA Margin32.45%-49.8%
Operating Margin3.34%-90.8%
Net Margin6.66%-65.0%
ROE3.2%-68.7%

INR Key Insights

Infinity Natural Resources, Inc. (INR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 31.7%
✓Trading at only 0.2x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 20.0% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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INR Price & Volume

Infinity Natural Resources, Inc. (INR) stock price & volume — 10-year historical chart

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INR Growth Metrics

Infinity Natural Resources, Inc. (INR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years35.54%

TTM44.96%

Profit CAGR

10 Years-

5 Years-

3 Years-29.62%

TTM22%

EPS CAGR

10 Years-

5 Years-

3 Years-8.45%

TTM14.34%

Return on Capital

10 Years18.16%

5 Years18.16%

3 Years9.01%

Last Year1.24%

INR Recent Earnings

Infinity Natural Resources, Inc. (INR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/8 qtrs (83%)●Beat Revenue 4/8 qtrs (67%)

Q2 2026Latest

May 12, 2026

Metric

Actual

Est

EPS

$1.76+107.1%

$0.85

Rev

$155M+7.9%

$143M

Q2 2026

Mar 10, 2026

Metric

Actual

Est

EPS

$1.32+103.1%

$0.65

Rev

$117M+7.1%

$109M

Q4 2025

Nov 10, 2025

Metric

Actual

Est

EPS

$0.65+47.7%

$0.44

Rev

$80M-7.3%

$86M

Q3 2025

Aug 11, 2025

Metric

Actual

Est

EPS

$1.18+162.2%

$0.45

Rev

$74M-9.6%

$82M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 12, 2026	$1.76vs $0.85+107.1%	$155Mvs $143M+7.9%
Q2 2026	Mar 10, 2026	$1.32vs $0.65+103.1%	$117Mvs $109M+7.1%
Q4 2025	Nov 10, 2025	$0.65vs $0.44+47.7%	$80Mvs $86M-7.3%
Q3 2025	Aug 11, 2025	$1.18vs $0.45+162.2%	$74Mvs $82M-9.6%

Based on last 8 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
AMRAlpha Metallurgical Resources, Inc.Direct Competitor	2.36B	185.77	-39.11	-27.99%	-1.83%	-2.47%	0.02
HCCWarrior Met Coal, Inc.Direct Competitor	4.78B	90.58	83.87	-14.12%	9.36%	6.44%	0.13
ARLPAlliance Resource Partners, L.P.Direct Competitor	3.03B	23.52	9.72	-10.37%	11.35%	13.52%	0.26
METCRamaco Resources, Inc.Direct Competitor	759.75M	13.99	-13.58	-19.46%	-11.52%	-13.44%	0.04
BTUPeabody Energy CorporationProduct Competitor	3.02B	24.80	-57.67	-8.86%	-3.07%	-3.33%	0.14
SXCSunCoke Energy, Inc.Product Competitor	733.05M	8.64	-16.62	-5.07%	-3.55%	-9.88%	1.09
CNXCNX Resources CorporationSupply Chain	4.64B	32.67	8.21	59.19%	50.85%	27.46%	0.57
CSXCSX CorporationSupply Chain	84.79B	45.63	29.63	-3.08%	21.55%	23.52%	1.47

Compare INR vs Peers

Infinity Natural Resources, Inc. (INR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AMR

Most directly comparable listed peer for INR.

Scale Benchmark

vs CSX

Larger-name benchmark to compare INR against a more recognizable public peer.

Peer Set

Compare Top 5

vs AMR, HCC, ARLP, METC

INR Income Statement

Infinity Natural Resources, Inc. (INR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	143.16M	161.73M	259.02M	356.43M	426.14M
Revenue Growth %	-	12.98%	60.16%	37.61%	44.96%
Cost of Goods Sold	34.73M	85.78M	124.09M	191.12M	225.29M
COGS % of Revenue	24.26%	53.04%	47.91%	53.62%	-
Gross Profit	108.43M▲ 0%	75.95M▼ 30.0%	134.94M▲ 77.7%	165.31M▲ 22.5%	200.85M▲ 0%
Gross Margin %	75.74%	46.96%	52.09%	46.38%	47.13%
Gross Profit Growth %	-	-29.95%	77.66%	22.51%	-
Operating Expenses	12.97M	23.26M	41.2M	153.41M	22.14M
OpEx % of Revenue	9.06%	14.38%	15.91%	43.04%	-
Selling, General & Admin	12.97M	23.26M	41.2M	153.41M	324.23M
SG&A % of Revenue	9.06%	14.38%	15.91%	43.04%	-
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	0	0	0	0	-1000K
Operating Income	95.46M▲ 0%	52.7M▼ 44.8%	93.74M▲ 77.9%	11.89M▼ 87.3%	178.71M▲ 0%
Operating Margin %	66.68%	32.58%	36.19%	3.34%	41.94%
Operating Income Growth %	-	-44.8%	77.88%	-87.31%	-
EBITDA	113.8M	106.49M	167.46M	115.65M	296.86M
EBITDA Margin %	79.49%	65.84%	64.65%	32.45%	69.66%
EBITDA Growth %	-	-6.42%	57.25%	-30.94%	319.61%
D&A (Non-Cash Add-back)	18.34M	53.8M	73.73M	103.75M	118.15M
EBIT	70.7M	98.58M	70.81M	11.89M	215.99M
Net Interest Income	-2.57M	-11.91M	-21.53M	10.05B	2.85B
Interest Income	0	0	0	59.06B	14.95B
Interest Expense	2.57M	11.91M	21.53M	49.02B	12.11B
Other Income/Expense	-27.33M	33.98M	-44.45M	47.21M	2.03M
Pretax Income	68.13M▲ 0%	86.67M▲ 27.2%	49.29M▼ 43.1%	59.1M▲ 19.9%	180.74M▲ 0%
Pretax Margin %	47.59%	53.59%	19.03%	16.58%	42.41%
Income Tax	0	0	0	-4.86M	-5.24M
Effective Tax Rate %	0%	0%	0%	-8.22%	-2.9%
Net Income	68.13M▲ 0%	86.67M▲ 27.2%	49.29M▼ 43.1%	23.75M▼ 51.8%	47.2M▲ 0%
Net Margin %	47.59%	53.59%	19.03%	6.66%	11.08%
Net Income Growth %	-	27.22%	-43.13%	-51.81%	22%
Net Income (Continuing)	68.13M	86.67M	49.29M	63.96M	185.98M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	670.78M	0
EPS (Diluted)	1.16▲ 0%	1.47▲ 26.7%	3.72▲ 153.1%	0.89▼ 76.1%	2.67▲ 0%
EPS Growth %	-	26.72%	153.06%	-76.08%	14.34%
EPS (Basic)	5.14	6.54	3.72	0.89	-
Diluted Shares Outstanding	59.05M	59.05M	13.25M	15.9M	17.66M
Basic Shares Outstanding	13.25M	13.25M	13.25M	15.43M	17.66M
Dividend Payout Ratio	-	-	-	-	-

INR Balance Sheet

Infinity Natural Resources, Inc. (INR) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	29.08M	70.01M	85.57M	160.64M	16.33M
Cash & Short-Term Investments	739K	1.5M	2.2M	2.2M	16.33M
Cash Only	739K	1.5M	2.2M	2.2M	16.33M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	22.32M	44.1M	71.54M	67.75M	0
Days Sales Outstanding	56.91	99.52	100.81	69.38	32.54
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	6.02M	24.41M	11.82M	-111.6B	0
Total Non-Current Assets	237.63M	618.5M	829.9M	1.08B	0
Property, Plant & Equipment	233.75M	607.38M	821.44M	0	0
Fixed Asset Turnover	0.61x	0.27x	0.32x	-	0.85x
Goodwill	0	0	0	16.73B	0
Intangible Assets	0	0	0	6.01B	0
Long-Term Investments	2.41M	6.17M	0	2.88M	3.61M
Other Non-Current Assets	1.47M	4.94M	8.46M	-21.66B	0
Total Assets	266.7M▲ 0%	688.51M▲ 158.2%	915.47M▲ 33.0%	1.24B▲ 35.5%	16.33M▲ 0%
Asset Turnover	0.54x	0.23x	0.28x	0.29x	0.50x
Asset Growth %	-	158.15%	32.96%	35.54%	8.29%
Total Current Liabilities	57.36M	56.56M	133.35M	102.57M	0
Accounts Payable	41.39M	37.74M	51.37M	38.57M	0
Days Payables Outstanding	435.02	160.58	151.1	73.66	66.68
Short-Term Debt	93K	124K	101K	0	0
Deferred Revenue (Current)	0	0	0	0	0
Other Current Liabilities	5.98M	6K	12.6M	63.81M	0
Current Ratio	0.51x	1.24x	0.64x	1.57x	-
Quick Ratio	0.51x	1.24x	0.64x	1.57x	-
Cash Conversion Cycle	-	-	-	-	-34.14
Total Non-Current Liabilities	59.84M	173.49M	273.88M	160.36M	0
Long-Term Debt	58.05M	171.12M	259.41M	150.86M	0
Capital Lease Obligations	747K	652K	1.14M	966K	3.04M
Deferred Tax Liabilities	0	0	0	1.54M	1.57M
Other Non-Current Liabilities	1.04M	1.72M	13.33M	7M	0
Total Liabilities	117.2M	230.05M	407.22M	262.93M	0
Total Debt	58.98M	172M	260.9M	152.01M	0
Net Debt	58.25M	170.49M	258.69M	149.81M	-16.33M
Debt / Equity	0.39x	0.38x	0.51x	0.16x	-
Debt / EBITDA	0.52x	1.62x	1.56x	1.31x	0.00x
Net Debt / EBITDA	0.51x	1.60x	1.54x	1.30x	-0.05x
Interest Coverage	27.47x	8.28x	3.29x	0.00x	0.02x
Total Equity	149.51M▲ 0%	458.46M▲ 206.6%	508.24M▲ 10.9%	977.92M▲ 92.4%	0▲ 0%
Equity Growth %	-	206.65%	10.86%	92.41%	92.38%
Book Value per Share	2.53	7.76	38.36	61.52	0.00
Total Shareholders' Equity	149.51M	458.46M	508.24M	307.14M	0
Common Stock	149.51M	458.46M	508.24M	607K	0
Retained Earnings	0	0	0	-4.44M	0
Treasury Stock	0	0	0	0	0
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	670.78M	0

INR Cash Flow Statement

Infinity Natural Resources, Inc. (INR) cash flow — operating, investing & free cash flow history

Metric	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	64.98M	106.47M	177.67M	261.79M	245.99M
Operating CF Margin %	45.39%	65.83%	68.59%	73.45%	-
Operating CF Growth %	-	63.87%	66.86%	47.35%	116.68%
Net Income	68.13M	86.67M	49.29M	63.96M	47.2M
Depreciation & Amortization	18.34M	53.8M	73.73M	103.75M	118.15M
Stock-Based Compensation	0	0	0	133.42M	0
Deferred Taxes	0	0	0	-4.86M	-5.25M
Other Non-Cash Items	-12.81M	-25.01M	52.57M	-44.24M	118.13M
Working Capital Changes	-8.68M	-8.98M	2.09M	9.75M	-32.25M
Change in Receivables	-9.07M	-21.77M	-27.45M	3.79M	-35.89M
Change in Inventory	0	0	0	0	0
Change in Payables	-2.16M	7.57M	16.37M	743K	-11.98M
Cash from Investing	-95.66M	-436.69M	-256.12M	-430.17M	-1.02B
Capital Expenditures	-95.66M	-436.69M	-256.12M	-430.17M	-1.02B
CapEx % of Revenue	66.82%	270.01%	98.88%	120.69%	239.51%
Acquisitions	0	0	0	0	0
Investments	-	-	-	-	-
Other Investing	0	0	0	0	0
Cash from Financing	29M	330.98M	79.15M	169.03M	842.79M
Debt Issued (Net)	29.91M	112.95M	88.27M	-108.61M	-34.35M
Equity Issued (Net)	0	222.28M	500K	285.28M	886.52M
Dividends Paid	0	0	0	0	0
Share Repurchases	0	0	0	-1.19M	-8K
Other Financing	-908K	-4.26M	-9.62M	-7.65M	-9.38M
Net Change in Cash	-1.69M▲ 0%	765K▲ 145.3%	699K▼ 8.6%	646K▼ 7.6%	68.12M▲ 0%
Free Cash Flow	-30.68M▲ 0%	-330.21M▼ 976.1%	-78.45M▲ 76.2%	-168.38M▼ 114.6%	-774.66M▲ 0%
FCF Margin %	-21.43%	-204.17%	-30.29%	-47.24%	-181.79%
FCF Growth %	-	-976.13%	76.24%	-114.63%	-640.41%
FCF per Share	-0.52	-5.59	-5.92	-10.59	-43.86
FCF Conversion (FCF/Net Income)	0.95x	1.23x	3.60x	11.02x	-16.41x
Interest Paid	2.18M	10.14M	19.2M	0	0
Taxes Paid	0	0	0	0	0

INR Key Ratios

Infinity Natural Resources, Inc. (INR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2023	2024	2025	TTM
Return on Equity (ROE)	28.51%	10.2%	3.2%	6.91%
Return on Invested Capital (ROIC)	9.45%	10.07%	0.94%	18.09%
Gross Margin	46.96%	52.09%	46.38%	47.13%
Net Margin	53.59%	19.03%	6.66%	11.08%
Debt / Equity	0.38x	0.51x	0.16x	-
Interest Coverage	8.28x	3.29x	0.00x	0.02x
FCF Conversion	1.23x	3.60x	11.02x	-16.41x
Revenue Growth	12.98%	60.16%	37.61%	44.96%

INR SEC Filings & Documents

Infinity Natural Resources, Inc. (INR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 12, 2026·SEC

Material company update

Apr 15, 2026·SEC

Material company update

Apr 14, 2026·SEC

10-Q Quarterly Reports

FY 2026

May 12, 2026·SEC

INR Frequently Asked Questions

Infinity Natural Resources, Inc. (INR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Infinity Natural Resources, Inc. (INR) reported $426.1M in revenue for fiscal year 2025. This represents a 198% increase from $143.2M in 2022.

Infinity Natural Resources, Inc. (INR) grew revenue by 37.6% over the past year. This is strong growth.

Yes, Infinity Natural Resources, Inc. (INR) is profitable, generating $47.2M in net income for fiscal year 2025 (6.7% net margin).

Dividend & Returns

Infinity Natural Resources, Inc. (INR) has a return on equity (ROE) of 3.2%. This is below average, suggesting room for improvement.

Infinity Natural Resources, Inc. (INR) had negative free cash flow of $774.7M in fiscal year 2025, likely due to heavy capital investments.

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Infinity Natural Resources, Inc.(INR)Earnings, Financials & Key Ratios

INR•NYSE

14.4× P/E·Price updated Jun 19, 2026

SectorEnergy IndustryOil & Gas E&P Sub-IndustryU.S. natural gas shale producers

Revenue$356M+37.6%
EBITDA$116M-30.9%
Net Income$24M-51.8%
EPS (Diluted)0.89-76.1%
Gross Margin46.38%-11.0%
EBITDA Margin32.45%-49.8%
Operating Margin3.34%-90.8%
Net Margin6.66%-65.0%
ROE3.2%-68.7%