INR on NYSE

INFINITY NATURAL RESOURCES, INC.

We are a growth oriented independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

$350.4MRevenue, fiscal 20252
$13.8MNet income, fiscal 20252

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  • TickerINR on NYSE1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersMorgantown, West Virginia1
  • Incorporated inDE3
  • Business address2605 Cranberry Square, Morgantown, Wv 265083
  • Filer category, Emerging growth company3
  • Legal formCorporation

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We are a growth oriented independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Our operations are focused on the Utica Shale in eastern Ohio as well as our dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania, providing highly economic stacked development inventory that leverages shared infrastructure and operational efficiencies. Our portfolio is balanced across oil and natural gas assets, allowing us to optimize our development plan to respond to changes in commodity prices over time. Unless expressly stated otherwise, the operating and financial information presented in this Ann…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.4%Operating margin2
3.9%Net margin2
36.0%Revenue growth, 20252
4.5%Return on equity2
0.00×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs95¢$331.7M
  • Income tax1¢$4.9M
  • Profit4¢$13.8M

Out of $350.4M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$261.8M

Out of $261.8M of cash from operations.2

Financial statements

Revenue2$350.4M in 2025+120% since 2023
0$100.0M$200.0M$300.0M$400.0M2023: $159.5M$159.5M20232024: $257.7M$257.7M2024+62%2025: $350.4M$350.4M2025+36%
Operating income2$11.9M in 2025−77% since 2023
0$25.0M$50.0M$75.0M$100.0M2023: $52.7M$52.7M20232024: $93.7M$93.7M2024+78%2025: $11.9M$11.9M2025−87%
Net income2$13.8M in 2025−84% since 2023
0$25.0M$50.0M$75.0M$100.0M2023: $86.7M$86.7M20232024: $0$020242025: $13.8M$13.8M2025
Fiscal year2022202320242025
Revenue$159.5M2$257.7M2$350.4M2
Operating expenses$109.0M2$165.3M2$344.5M2
Operating income$52.7M2$93.7M2$11.9M2
Income before tax$86.7M2$49.3M2$59.1M2
Income tax$02$02-$4.9M2
Net income$86.7M2$02$13.8M2
Earnings per share$0.002$0.002$0.902
Earnings per share (diluted)$0.002$0.002$0.892
Shares (weighted, basic)0 shares20 shares215.4M shares2
Shares (weighted, diluted)0 shares20 shares261.0M shares2

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Leadership

Who has led INFINITY NATURAL RESOURCES, INC., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Cary D. Baetz2026–now
Board members and other officers (19)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorKelly Matthew named Mar 6, 202627

Filings

169 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 26 major events, 70 insider forms, 28 large holders, 2 private raises, 36 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Sep 28, 20264 EDGAR
  3. Sep 23, 20264 EDGAR
  4. Aug 14, 20264 EDGAR
  5. Aug 14, 20263 EDGAR
  6. Aug 14, 2026SCHEDULE 13G EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 10, 202610-Q EDGAR
  9. Aug 10, 20268-K EDGAR
  10. Aug 10, 20268-K EDGAR
  11. Jul 28, 2026SCHEDULE 13G/A EDGAR
  12. Jul 17, 20268-K EDGAR
  13. Jul 15, 20264 EDGAR
  14. Jul 15, 20263 EDGAR
  15. Jul 15, 20268-K EDGAR
  16. Jun 22, 20268-K EDGAR
  17. Jun 18, 20264 EDGAR
  18. Jun 15, 20264 EDGAR
  19. Jun 12, 20264 EDGAR
  20. Jun 11, 20264 EDGAR

The 169 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

27 open-market trades by officers, directors and large owners since October 2021: 25 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Baetz Cary DEVP and CFOBuy316$13.58$4.3KForm 4
Sep 24, 2026Baetz Cary DEVP and CFOBuy22,000$13.44$295.7KForm 4
Sep 22, 2026Gieselman ScottDirectorBuy10,000$13.07$130.7KForm 4
Sep 21, 2026Gieselman ScottDirectorBuy18,467$12.62$233.1KForm 4
Jun 17, 2026Gieselman ScottDirectorBuy10,000$12.94$129.4KForm 4
Jun 12, 2026GRAY STEVEN DDirectorBuy25,000$12.81$320.2KForm 4
Jun 11, 2026Poole David PDirectorBuy4,000$13.50$54.0KForm 4
Jun 11, 2026Quinn William JDirectorBuy11,497$13.20$151.8KForm 4
Jun 10, 2026Poole David PDirectorBuy7,500$14.00$105.0KForm 4
Jun 5, 2026Quinn William JDirectorBuy44,000$13.19$580.4KForm 4
Jun 3, 2026Quinn William JDirectorBuy10,503$13.20$138.6KForm 4
Jun 3, 2026Gieselman ScottDirectorBuy670$13.44$9.0KForm 4
Jun 2, 2026Gieselman ScottDirectorBuy13,430$13.35$179.3KForm 4
May 26, 2026Gieselman ScottDirectorBuy20,000$14.10$282.0KForm 4
May 22, 2026Gieselman ScottDirectorBuy900$14.34$12.9KForm 4
Mar 18, 2026Sproule DavidSee remarksSale275,000$17.43$4.8MForm 4
Dec 16, 2025Poole David PDirectorBuy8,646$12.94$111.9KForm 4
Aug 22, 2025Arnold Zack DavidSee RemarksBuy5,500$13.88$76.3KForm 4
Aug 22, 2025GRAY STEVEN DDirectorBuy16,846$13.96$235.2KForm 4
Aug 21, 2025GRAY STEVEN DDirectorBuy20,252$13.75$278.5KForm 4

All 27 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 23, 2026Raised $350 million in a private offering of equity Form D: 2 investors so far Form D
  2. Jan 20, 2026Raised $36 million in a private offering of equity Form D: 5 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Franklin Resources Inc2,343,737$29.8M0.0%+681,333
Westwood Holdings Group Inc2,152,058$27.3M0.2%+20,386
American Century Companies Inc2,138,714$27.2M0.0%+269,888
BlackRock, Inc.1,340,919$17.0M0.0%+87,241
Hancock Prospecting Pty Ltd1,047,000$13.3M0.2%New
Silvercrest Asset Management Group LLC1,037,535$13.2M0.1%+337,567
Vanguard Capital Management LLC757,700$9.6M0.0%+81,785
Ameriprise Financial Inc750,173$9.5M0.0%+276,270
Yaupon Capital Management LP654,255$8.3M0.3%+110,047
CIBC Bancorp USA Inc.606,721$7.7M0.0%−28,067
UBS Group AG606,543$7.7M0.0%+284,571
Geode Capital Management, LLC443,414$5.6M0.0%+76,392
Renaissance Technologies LLC392,200$5.0M0.0%+55,100
State Street Corp373,880$4.7M0.0%+26,852
Marshall Wace, Llp367,393$4.7M0.0%+30,937
Raymond James Financial Inc331,353$4.2M0.0%+201,695
Russell Investments Group, Ltd.323,684$4.1M0.0%+41,312
Morgan Stanley275,486$3.5M0.0%−55,456
Aqr Capital Management LLC254,784$3.2M0.0%+111,978
Vanguard Portfolio Management LLC199,924$2.5M0.0%+85,065
D. E. Shaw & Co., Inc.169,936$2.2M0.0%New
RR Advisors, LLC165,986$2.1M0.6%No change
Millennium Management LLC161,963$2.1M0.0%+34,079
1492 Capital Management LLC155,074$2.0M0.6%−18,217
Northern Trust Corp139,888$1.8M0.0%+21,797

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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