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Infinity Natural Resources (INR) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Infinity Natural Resources (INR) Q2 2026 earnings results →
Q2 2026 Revenue up 130% year over year to $171M · 19¢ of every $1 of revenue kept as net profit · operating margin 41.2%
Infinity Natural Resources made $171M in Q2 2026 (+130% Y/Y): Oil, natural gas, and natural gas liquids sales $170M, Midstream and other revenues $609K. Operating margin 41.2%, net earnings $31.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
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Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $171.0M in Q2 2026, up 130% year over year and up 10% from the previous quarter. Oil revenues was the largest line at 56% of revenue. Oil revenues added $65.0M year over year (up 206%), 67% of the total change. Midstream and other revenues declined 70%.
Operating profit was $70.5M, a 41.2% margin (up 12.1 points year over year). Of the extra revenue versus Q2 2025, 51% reached operating profit, above the 29% margin then. Total costs grew 90% against revenue growth of 130%. The fastest-growing cost line was General & admin (+136%). Net earnings were $31.8M, up 77% year over year. The effective tax rate was 4.8%. Non-operating items added $43.0M, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $137.8M (up 96% year over year), 128% of net income including minority interests. Non-cash charges added back $44.4M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $17.8M. Capital expenditures of $165.6M exceeded it, leaving free cash flow of −$27.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $171M | +130% | 41.2% | $31.8M | $138M |
| Q1 2026 | 10-Q | May 12, 2026 | $155M | +82% | 42.2% | −$6.3M | $58.4M |
| Q4 2025 | 10-K | Mar 10, 2026 | $117M | +69% | 46.4% | $20.7M | $75.1M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $79.7M | +15% | 30.0% | $10.4M | $42.1M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $74.5M | +6% | 29.1% | $18.0M | $70.4M |
| Q1 2025 | 10-Q | May 13, 2025 | $85.2M | +70% | -103.3% | −$128M | $74.2M |
| Q4 2024 | 10-K | Mar 28, 2025 | $69.1M | — | 40.9% | −$5.5M | $30.1M |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Infinity Natural Resources
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.
In its own words, from its 10-K, filed Mar 10, 2026.
Infinity Natural Resources against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +130% against the peers' median +52%. Operating margin: 41.2% against the peers' median 33.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| INR Infinity Natural Resources | Q2 2026 | $171M | +130% | 41.2% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Infinity Natural Resources 10-Q on SEC EDGAR · CIK 2029118 · Crude Petroleum & Natural Gas
13F: who owns INR and who is buying
More on INR
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
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