Infinity Natural Resources, Inc.
INR NYSE Crude Petroleum & Natural Gas Financials FY2023–FY2025
Revenue
Total sales reported in the income statement.
$356M
37.6%
vs prior year
Operating margin
Operating income as a share of revenue.
3.3%
32.9 pts
Net income
Profit after all expenses, interest and tax.
$13.8M
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3.9%
32.5 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $2.58 EPS (TTM)
What Infinity Natural Resources, Inc. does
No business description yet.
- Legal name
- INFINITY NATURAL RESOURCES, INC.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 10, 2026
- Accession · CIK
- 0002029118-26-000014
0002029118
Revenue and margins
Infinity Natural Resources, Inc. had $356M of revenue in fiscal 2025, up 37.6% on the year before.
FY23
Revenue $162M
FY24
Revenue $259M
FY25
Revenue $356M
Q1 '24
Revenue $50.2M
Q2 '24
Revenue $70.4M
Q3 '24
Revenue $69.2M
Q4 '24
Revenue $69.1M
Q1 '25
Revenue $85.2M
Q2 '25
Revenue $74.5M
Q3 '25
Revenue $79.7M
Q4 '25
Revenue $117M
Q1 '26
Revenue $155M
Q2 '26
Revenue $171M
FY23
Gross —
Operating 32.6%
Net 53.6%
FCF —
FY24
Gross —
Operating 36.2%
Net 0.0%
FCF —
FY25
Gross —
Operating 3.3%
Net 3.9%
FCF —
Gross
Operating
Net
FCF
Q1 '24
Gross —
Operating 28.7%
Net −28.0%
FCF —
Q2 '24
Gross —
Operating 39.9%
Net 34.2%
FCF —
Q3 '24
Gross —
Operating 33.1%
Net 64.7%
FCF —
Q4 '24
Gross —
Operating 40.9%
Net −79.3%
FCF —
Q1 '25
Gross —
Operating −103.3%
Net −40.6%
FCF —
Q2 '25
Gross —
Operating 29.1%
Net 24.2%
FCF —
Q3 '25
Gross —
Operating 30.0%
Net 13.0%
FCF —
Q4 '25
Gross —
Operating 46.4%
Net 17.7%
FCF —
Q1 '26
Gross —
Operating 42.2%
Net −1.2%
FCF —
Q2 '26
Gross —
Operating 41.2%
Net 18.6%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY23
Net income $86.7M
FY24
Net income $0.0M
FY25
Net income $13.8M
Q1 '24
Net income −$14.1M
Q2 '24
Net income $24.1M
Q3 '24
Net income $44.8M
Q4 '24
Net income −$54.8M
Q1 '25
Net income −$34.6M
Q2 '25
Net income $18.0M
Q3 '25
Net income $10.4M
Q4 '25
Net income $20.7M
Q1 '26
Net income −$1.9M
Q2 '26
Net income $31.8M
FY23
Diluted EPS $0.00
FY24
Diluted EPS $0.00
FY25
Diluted EPS $0.89
Q1 '24
Diluted EPS —
Q2 '24
Diluted EPS $0.00
Q3 '24
Diluted EPS $0.00
Q4 '24
Diluted EPS —
Q1 '25
Diluted EPS −$2.27
Q2 '25
Diluted EPS $1.18
Q3 '25
Diluted EPS $0.65
Q4 '25
Diluted EPS $1.33
Q1 '26
Diluted EPS −$0.28
Q2 '26
Diluted EPS $0.88
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital —
Return on equity —
Return on assets —
FY24
Return on capital 36.4%
Return on equity —
Return on assets 0.0%
FY25
Return on capital 3.9%
Return on equity 9.0%
Return on assets 1.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY23
Cash from operations $106M
Capital spending —
FY24
Cash from operations $178M
Capital spending —
FY25
Cash from operations $262M
Capital spending —
Cash from operations
Capital spending
Q1 '24
Cash from operations $30.2M
Capital spending —
Q2 '24
Cash from operations $66.6M
Capital spending —
Q3 '24
Cash from operations $50.8M
Capital spending —
Q4 '24
Cash from operations $30.1M
Capital spending —
Q1 '25
Cash from operations $74.2M
Capital spending —
Q2 '25
Cash from operations $70.4M
Capital spending —
Q3 '25
Cash from operations $42.1M
Capital spending —
Q4 '25
Cash from operations $75.1M
Capital spending —
Q1 '26
Cash from operations $58.4M
Capital spending —
Q2 '26
Cash from operations $138M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Infinity Natural Resources, Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.06B
Balance sheet
Cash, debt and the ratios that show how comfortably Infinity Natural Resources, Inc. can carry it.
FY23
Cash $1.5M
Debt —
FY24
Cash $2.2M
Debt $260M
FY25
Cash $2.8M
Debt $0.1M
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $1.5M | $2.2M | $2.8M |
| Debt incl. finance leases | — | $260M | $0.1M |
| Net debt / EBITDA | — | 1.5x | −0.0x |
| Debt / equity | — | — | 0.0x |
| Current ratio | — | 0.6x | 1.6x |
| Quick ratio | — | 0.6x | 1.6x |
| Total assets | — | $915M | $1.2B |
| Total liabilities | — | $407M | $263M |
| Shareholders' equity | — | $0.0M | $307M |
| Net debt (− = net cash) | — | $257M | −$2.8M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ |
| Current ratio rose | — | — | ✓ |
| Share count didn't rise | — | ✓ | ✕ |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | — | — | ✓ |
| F-score | — / 3 | — / 4 | 7 / 8 |
| Accruals ratio | — | −19.4% | −23.0% |
| Altman Z'' | — | 0.35 | 1.59 |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $162M | $259M | $356M |
| Operating income | $52.7M | $93.7M | $11.9M |
| Pretax income | $86.7M | $49.3M | $59.1M |
| Income tax | $0.0M | $0.0M | −$4.9M |
| Net income | $86.7M | $0.0M | $13.8M |
| Diluted EPS | $0.00 | $0.00 | $0.89 |
| Diluted shares | 0.00B | 0.00B | 0.06B |
| Cash flow | |||
| Cash from operations | $106M | $178M | $262M |
| Depreciation and amortization | $53.8M | $73.7M | $104M |
| Stock-based compensation | $0.0M | $0.0M | $133M |
| Balance sheet | |||
| Cash and short-term investments | $1.5M | $2.2M | $2.8M |
| Total debt | — | $260M | $0.1M |
| Current assets | — | $85.6M | $161M |
| Current liabilities | — | $133M | $103M |
| Total assets | — | $915M | $1.2B |
| Total liabilities | — | $407M | $263M |
| Shareholders' equity | — | $0.0M | $307M |
| Margins | |||
| Operating margin | 32.6% | 36.2% | 3.3% |
| EBITDA margin | 65.8% | 64.7% | 32.4% |
| Net margin | 53.6% | 0.0% | 3.9% |
| Returns | |||
| Return on capital | — | 36.4% | 3.9% |
| Return on capital employed | — | 12.0% | 1.0% |
| Return on equity | — | — | 9.0% |
| Return on assets | — | 0.0% | 1.3% |
| Return on tangible equity | — | — | 4.5% |
| Growth | |||
| Revenue growth | — | 60.2% | 37.6% |
| Net income growth | — | −100.0% | — |
| Financial health | |||
| Net debt / EBITDA | — | 1.5x | −0.0x |
| Debt / equity | — | — | 0.0x |
| Current ratio | — | 0.6x | 1.6x |
| Quick ratio | — | 0.6x | 1.6x |
| Capital allocation | |||
| Stock comp / revenue | 0.0% | 0.0% | 37.4% |
| Quality scores | |||
| Piotroski F-score | — | — | 7.0 |
| Altman Z'' | — | 0.3 | 1.6 |
| Accruals ratio | — | −19.4% | −23.0% |
Source: SEC EDGAR XBRL filings (CIK 0002029118). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.