Infinity Natural Resources, Inc. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
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Infinity Natural Resources, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $523m. Free-cash-flow margin fell to -59.2% from 110.9% a year earlier. Operating margin widened to 40.9% from -5.1%. It passes 0 of our 2 financial-health checks.
Our model value for Infinity Natural Resources is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Infinity Natural Resources, Inc.'s trailing-twelve-month revenue grew 75.4% year on year, with a free-cash-flow margin of -59.2%.
Current signal Revenue growth accelerating: TTM revenue growth rose to 75.4% (+30.4pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Infinity Natural Resources, Inc. as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. | — | Does not apply: debt and other claims exceed the reserves' standardised measure |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$25 ~$20–$39 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Infinity Natural Resources, Inc. with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2025 |
|---|---|
| Share price | $14.73 |
| Market value | $898m |
| + Net debt (− = net cash) | $148m |
| Enterprise value | $1.0bn |
| Multiples | |
| Price / sales | 2.5x |
| Price / earnings | 64.9x |
| Price / free cash flow | 3.4x |
| EV / EBITDA | 9.0x |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Next results: November 9, 2026, after the close. Analysts expect revenue of $181m and EPS of $0.84 (range $0.43 to $1.17) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $3.21 | +91% | $682m | +91% |
| Next | $3.29 | +3% | $775m | +14% |
Next year's EPS estimate has moved −16.5% in 90 days, across 6 analysts.
The consensus EPS forecast for the current fiscal year is −4.6% on 90 days ago. In the last 30 days, 2 analysts raised Infinity Natural Resources, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $3.36 | $3.94 |
| 60 days ago | $3.21 | $3.56 |
| 30 days ago | $3.19 | $3.17 |
| 7 days ago | $3.25 | $3.36 |
| Now | $3.21 | $3.29 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.83 | −$0.65 | −178.2% |
| Dec 2025 | $0.63 | $0.02 | −97.5% |
| Sept 2025 | $0.46 | $0.25 | −45.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| INR | −5% |
| Industry peers (median) | +18% |
| S&P 500 | +11% |
| Months that ended higher | |
| INR | 55% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| INR | −36% |
| S&P 500 | −9% |
Worst fall since January 31, 2025: 49% from February 3, 2025 to November 6, 2025. Getting back needed a 95% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 14, 2026 | −6.4% | −0.8% | −1.9% | — |
| August 10, 2026 | +8.0% | −0.3% | +6.7% | +17.3% |
| July 17, 2026 | −0.5% | −1.1% | +0.9% | +5.9% |
| May 12, 2026 | −7.6% | +0.4% | −0.6% | −21.8% |
| April 20, 2026 | −0.6% | −0.9% | +0.8% | +0.8% |
| March 10, 2026 | +2.4% | −0.3% | +0.9% | −8.0% |
| November 10, 2025 | +16.9% | +1.8% | +12.5% | +29.0% |
| August 11, 2025 | −0.3% | +0.9% | −6.1% | −2.3% |
| May 12, 2025 | +6.0% | +4.0% | +1.2% | +3.6% |
| March 27, 2025 | −0.7% | −2.3% | −4.5% | −8.9% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY24 Q4 | $259M |
| FY25 Q1 | $294M |
| FY25 Q2 | $298M |
| FY25 Q3 | $308.5M |
| FY25 Q4 | $356.4M |
| FY26 Q1 | $426.1M |
| FY26 Q2 | $522.7M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY24 Q4 | 36.2% |
| FY25 Q1 | -3.0% |
| FY25 Q2 | -5.1% |
| FY25 Q3 | -4.6% |
| FY25 Q4 | 3.3% |
| FY26 Q1 | 38.8% |
| FY26 Q2 | 40.9% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY24 Q4 | 68.6% |
| FY25 Q1 | 87.8% |
| FY25 Q2 | 110.9% |
| FY25 Q3 | 44.5% |
| FY25 Q4 | 73.4% |
| FY26 Q1 | -88.4% |
| FY26 Q2 | -59.2% |
Each dollar Infinity Natural Resources took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $356M | |
|---|---|---|
| Other income | $1.9M | 0.5% of revenue |
| Selling, general and admin | $153M | 43.0% of revenue |
| Other operating costs | $191M | 53.6% of revenue |
| Operating income | $11.9M | 3.3% of revenue |
| Net income | $13.8M | 3.9% of revenue |
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 162 | 259 | 356 | 523 |
| EBITDA | 106 | 167 | 116 | 353 |
| Operating income | 53 | 94 | 12 | 214 |
| Net income | 87 | 0 | 14 | 61 |
| Diluted EPS | $0.00 | $0.00 | $0.89 | — |
| Growth (year on year) | ||||
| Revenue | — | +60.2% | +37.6% | +75.4% |
| EBITDA | — | +57.3% | −30.9% | +416.9% |
| Operating income | — | +77.9% | −87.3% | — |
| Net income | — | −100.0% | — | — |
| Margins | ||||
| EBITDA margin | 65.8% | 64.7% | 32.4% | 67.5% |
| Operating margin | 32.6% | 36.2% | 3.3% | 40.9% |
| Net margin | 53.6% | 0.0% | 3.9% | 11.7% |
| Free-cash-flow margin | −106.7% | 68.6% | 73.4% | −59.2% |
| Cash flow | ||||
| Cash from operations | 106 | 178 | 262 | 313 |
| Capital spending | 279 | 0 | 0 | 623 |
| Free cash flow | −172 | 178 | 262 | −309 |
| Stock-based pay | 0 | 0 | 133 | 10 |
| Free cash flow after stock pay | −172 | 178 | 128 | −319 |
| Balance sheet | ||||
| Cash | 2 | 2 | 3 | 26 |
| Total debt | 0 | 260 | 151 | 538 |
| Net debt (negative = net cash) | −2 | 257 | 148 | 512 |
| Diluted shares | — | — | 61m | — |
| Returned to shareholders | ||||
| Buybacks | 0 | 0 | 1 | — |
| Total returned | 0 | 0 | 1 | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 69 | 69 | 85 | 74 | 80 | 117 | 155 | 171 |
| EBITDA | 44 | 46 | −67 | 45 | 51 | 86 | 101 | 115 |
| Operating income | 23 | 28 | −88 | 22 | 24 | 54 | 65 | 71 |
| Net income | 45 | −55 | −35 | 18 | 10 | 21 | −2 | 32 |
| Diluted EPS | $0.00 | $0.00 | −$1.14 | $0.59 | $0.33 | $0.67 | −$0.14 | $0.88 |
| Growth (year on year) | ||||||||
| Revenue | — | — | +69.6% | +5.7% | +15.1% | +69.4% | +81.8% | +129.6% |
| EBITDA | — | — | −322.4% | −5.2% | +17.0% | +87.4% | — | +153.5% |
| Operating income | — | — | −709.3% | −22.8% | +4.1% | +92.0% | — | +225.2% |
| Net income | — | — | — | −25.3% | −76.8% | — | — | +76.5% |
| Diluted EPS | — | — | — | — | — | — | — | +49.2% |
| Margins | ||||||||
| EBITDA margin | 63.6% | 66.1% | −78.3% | 60.9% | 64.6% | 73.1% | 65.2% | 67.2% |
| Operating margin | 33.1% | 40.9% | −103.3% | 29.1% | 30.0% | 46.4% | 42.2% | 41.2% |
| Net margin | 64.7% | −79.3% | −40.6% | 24.2% | 13.0% | 17.7% | −1.2% | 18.6% |
| Free-cash-flow margin | −49.0% | 317.8% | 87.2% | 94.5% | −284.8% | 294.0% | −364.2% | 80.5% |
| Cash flow | ||||||||
| Cash from operations | 51 | 30 | 74 | 70 | 42 | 75 | 58 | 138 |
| Capital spending | 85 | −190 | 0 | 0 | 269 | −269 | 623 | 0 |
| Free cash flow | −34 | 220 | 74 | 70 | −227 | 344 | −564 | 138 |
| Stock-based pay | 0 | 0 | 127 | 2 | 2 | 2 | 2 | 3 |
| Free cash flow after stock pay | −34 | 220 | −53 | 68 | −229 | 342 | −566 | 134 |
| Last 12 months unless stated | INR | BSM | TXO | GRNT | GPRK | REPX | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $523m | $524m | $497m | $496m | $493m | $484m | $1.3bn |
| Revenue growth, last 12 months | 75.4% | 19.8% | 49.6% | 14.6% | −25.5% | 23.2% | 11.0% |
| Revenue growth, 3-year average | — | −10.8% | 9.2% | 4.7% | — | 13.3% | 1.4% |
| Revenue growth, latest quarter | 129.6% | −6.6% | 67.9% | 36.7% | — | 94.2% | 31.9% |
| Operating margin | 40.9% | 56.4% | −8.7% | 7.5% | 22.4% | 38.4% | 22.4% |
| Operating margin, 3-year average | — | 62.3% | −27.0% | 15.4% | 24.5% | 39.4% | 16.5% |
| Net margin | 11.7% | 48.5% | −7.5% | −5.6% | 10.1% | 24.5% | 10.4% |
| Cash from operations / revenue | 60.0% | 61.1% | 28.8% | 51.7% | 3.0% | 49.4% | 42.7% |
| Free-cash-flow margin | −59.2% | 39.2% | 7.4% | 31.6% | −17.0% | 48.4% | 18.9% |
| Free-cash-flow margin, 3-year average | — | 56.0% | 12.4% | 44.7% | 2.3% | 51.5% | 19.1% |
| Stock pay / revenue | 1.9% | 2.0% | 2.7% | 1.1% | 0.9% | 2.3% | 1.5% |
| Change in share count | — | — | 28.8% | 0.2% | −2.0% | −0.1% | 0.4% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Oil Natural Gas and Natural Gas Liquids | $350M | 98.3% | ▲ 36.0% |
| Oil Reserves (part of Oil Natural Gas and Natural Gas Liquids) | $174M | 49.6% | ▲ 7.5% |
| Natural Gas Reserves (part of Oil Natural Gas and Natural Gas Liquids) | $127M | 36.4% | ▲ 149.1% |
| Natural Gas Liquids Reserves (part of Oil Natural Gas and Natural Gas Liquids) | $49.3M | 14.1% | ▲ 9.5% |
| Midstream Activities | $6.1M | 1.7% | ▲ 360.2% |
From Infinity Natural Resources, Inc.'s 10-K filed March 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Franklin Resources Inc | $29.8M | 2.3M | 12.0% | ▲ 41.0% |
| Westwood Holdings Group Inc | $27.3M | 2.2M | 11.1% | ▲ 1.0% |
| American Century Companies Inc | $27.2M | 2.1M | 11.0% | ▲ 14.4% |
| Blackrock, Inc. | $17M | 1.3M | 6.9% | ▲ 7.0% |
| Hancock Prospecting Pty Ltd | $13.3M | 1.0M | 5.4% | New |
| Silvercrest Asset Management Group LLC | $13.2M | 1.0M | 5.3% | ▲ 48.2% |
| Vanguard Capital Management LLC | $9.6M | 758K | 3.9% | ▲ 12.1% |
| Ameriprise Financial Inc | $9.5M | 750K | 3.9% | ▲ 58.3% |
| Yaupon Capital Management LP | $8.3M | 654K | 3.4% | ▲ 20.2% |
| CIBC Bancorp Usa Inc. | $7.7M | 607K | 3.1% | ▼ 4.4% |
| UBS Group AG | $7.7M | 607K | 3.1% | ▲ 88.4% |
| Geode Capital Management, LLC | $5.6M | 443K | 2.3% | ▲ 20.8% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Infinity Natural Resources, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Baetz Cary D EVP and CFO | September 25, 2026 | Buy | 316 | $13.58 | $4,291 |
| Baetz Cary D EVP and CFO | September 24, 2026 | Buy | 22,000 | $13.44 | $295,680 |
| Gieselman Scott Director | September 22, 2026 | Buy | 10,000 | $13.07 | $130,700 |
| Gieselman Scott Director | September 21, 2026 | Buy | 18,467 | $12.62 | $233,054 |
| Gieselman Scott Director | June 17, 2026 | Buy | 10,000 | $12.94 | $129,400 |
| Gray Steven D Director | June 12, 2026 | Buy | 25,000 | $12.81 | $320,250 |
| Poole David P Director | June 11, 2026 | Buy | 4,000 | $13.50 | $54,000 |
| Quinn William J Director | June 11, 2026 | Buy | 11,497 | $13.20 | $151,760 |
| Poole David P Director | June 10, 2026 | Buy | 7,500 | $14.00 | $105,000 |
| Quinn William J Director | June 5, 2026 | Buy | 44,000 | $13.19 | $580,360 |
| Gieselman Scott Director | June 3, 2026 | Buy | 670 | $13.44 | $9,005 |
| Quinn William J Director | June 3, 2026 | Buy | 10,503 | $13.20 | $138,640 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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