Infinity Natural Resources
Produces oil, natural gas, and NGLs across Appalachian shale assets.
Something off on this page? Send us feedback.
Profile
Produces crude oil, natural gas, and NGLs from Appalachian Basin shale assets, with activity centered on Ohio Utica oil and Pennsylvania Marcellus and Utica dry gas. Operates one exploration and production segment and depends on commodity prices, drilling execution, midstream access, permits, and basin concentration.
Acquires, develops, and produces crude oil, natural gas, and NGLs from Appalachian Basin shale reservoirs. The operating footprint centers on Ohio Utica oil and Pennsylvania Marcellus and Utica dry gas, with sales tied to U.S. customers and one reportable exploration and production segment.
Uses a basin-concentrated model from Morgantown, close to current operations and future drilling sites. The company has built its public profile around Appalachian operating experience, local partnerships, safety, environmental stewardship, and development of unconventional reserves.
Results are shaped by commodity prices, reserve estimates, drilling timing, access to capital, gathering and transportation capacity, permits, environmental obligations, and the integration of recently acquired Ohio Utica upstream and midstream assets.
Company facts
Key statistics
Year to date +4.1% · Average volume (30d) 263.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 8, 2026 | Stephens | Target | $23 | ||
| Jul 8, 2026 | Raymond James | Reiterate | Strong Buy | $23 | $26 |
| Dec 9, 2025 | Roth Capital | Reiterate | Buy | $17 | $18 |
| Nov 12, 2025 | Keybanc | Reiterate | Overweight | $19 | |
| Oct 13, 2025 | Roth Capital | Target | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.82 | $0.88 | +7.8% | $163.0M | $171.0M | +4.9% | +0.50% |
| May 12, 2026Q1 FY26 | $0.85 | $1.76 | +107.1% | $143.5M | $154.9M | +7.9% | −6.27% |
| Mar 10, 2026Q4 FY25 | $0.65 | $1.32 | +103.1% | $109.3M | $117.1M | +7.1% | +4.72% |
| Nov 10, 2025Q3 FY25 | $0.44 | $0.65 | +47.7% | $108.2M | $79.7M | −26.3% | +15.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $85.2M | $74.5M | $79.7M | $117.1M | $154.9M | $171.0M | |
| Gross profit | $51.2M | $33.2M | $38.6M | $68.9M | $97.1M | $95.3M | |
| Operating income | −$88.0M | $21.7M | $23.9M | $54.3M | $65.3M | $70.5M | |
| Net income | −$24.7M | $18.0M | $10.4M | $20.7M | −$1.9M | $31.8M | |
| Diluted EPS | −$2.27 | $1.18 | $0.65 | $1.23 | −$0.28 | $0.70 | |
| Gross margin | 60.1% | 44.6% | 48.4% | 58.9% | 62.7% | 55.7% | |
| Operating margin | -103.3% | 29.1% | 30.0% | 46.4% | 42.2% | 41.2% |
Fiscal years (4-quarter sums)FY23 $161.7M · FY24 $259.0M · FY25 $356.4M
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $160.14B · Total debt $540.0M · Total assets $2.19B · Shareholders' equity $742.5M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 18.75M · Float 16.26M · 86.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| INR (II) Investments, LLC · 10 percent owner | 12.86M | 68.56% | Form 4 | Mar 18, 2026 |
| Carnelian Energy Capital GP V, L.P. | 3.51M | 16.19% | 13D | Mar 2, 2026 |
| Franklin Resources Inc | 2.34M | 12.50% | 13F | Aug 13, 2026 |
| Westwood Holdings Group Inc | 2.15M | 11.48% | 13F | Aug 14, 2026 |
| American Century Companies Inc | 2.14M | 11.41% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 17, 2026 | Scott Gieselman | director | +10,000 | $12.94 |
| Jun 11, 2026 | William J. Quinn | director, 10 percent owner: | +11,497 | $13.20 |
| Jun 12, 2026 | Steven D. Gray | director | +25,000 | $12.81 |
| Jun 10, 2026 | David P. Poole | director | +7,500 | $14.00 |
| Jun 11, 2026 | David P. Poole | director | +4,000 | $13.50 |
Peers
- EQT
Dominant Appalachian dry-gas operator with Marcellus/Utica scale
- Antero Resources
Appalachian gas and NGL peer with West Virginia Marcellus depth
- CNX Resources
Southwest Pennsylvania gas peer with Marcellus/Utica focus
- Range Resources
Pennsylvania Marcellus producer with gas and NGL overlap
- Expand Energy
Large gas producer spanning Northeast and Southwest Appalachia
- Gulfport Energy
Eastern Ohio Utica and Marcellus producer with gas-weighted output
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Infinity Natural Resources | $15.38 | +0.33% | $288.4M | 6.7 | 4.9 | 0.6 | +129.6% |
| EQT | $54.67 | +0.19% | $34.13B | 12.0 | 16.3 | 3.7 | −29.2% |
| Antero Resources | $38.50 | +0.13% | $11.82B | 11.0 | 9.0 | 2.1 | +29.6% |
| CNX Resources | $36.42 | +0.64% | $5.36B | 6.0 | 10.8 | 2.2 | −35.7% |
| Range Resources | $41.10 | −0.86% | $9.69B | 11.5 | 11.3 | 2.9 | +19.1% |
| Expand Energy | $98.16 | 0.00% | $22.72B | 8.5 | 12.2 | 1.7 | −19.8% |
| Gulfport Energy | $176.37 | +0.01% | $3.17B | 7.1 | 7.0 | 2.1 | +3.8% |
| Median | 9.8 | 11.0 | 2.2 | −8.0% |