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Infinity Natural Resources cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$27.7M in Q2 2026 · −$309M over twelve months

Operating cash flow$138M
Capital spending−$166M
Free cash flow−$27.7M
Cash / net income1.3×

Analysis

In Q2 2026, Infinity Natural Resources generated $138M of operating cash flow and spent $166M on capital projects, leaving free cash flow of −$27.7M. That is $15.5M less than in Q2 2025 (−$12.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was $313M; the largest uses were capital spending ($623M), other investing ($491M), net borrowing (+) / repaid (−) ($34.6M); besides operations, cash came from other financing ($854M); the cash balance rose by $19.6M.

Operating cash flow was $138M against net income of $108M — 1.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$44.4M, payables +$21.3M, receivables −$20.3M.

Free cash flow

Infinity Natural Resources: free cash flow by quarterInfinity Natural Resources: free cash flow by quarter−$33.9MQ3 2024$28.7MQ4 2024−$31.4MQ1 2025−$12.2MQ2 2025−$227MQ3 2025$72.7MQ4 2025−$564MQ1 2026−$27.7MQ2 2026
Operating cash flow less capital spending.
Infinity Natural Resources: operating cash flow against capital spendingInfinity Natural Resources: operating cash flow against capital spendingOperating cash flowCapital spending$50.8M$84.7MQ3 2024$30.1M$1.4MQ4 2024$74.2M$106MQ1 2025$70.4M$82.6MQ2 2025$42.1M$269MQ3 2025$75.1M$2.4MQ4 2025$58.4M$623MQ1 2026$138M$166MQ2 2026
Latest (Q2 2026): Operating cash flow $138M, Capital spending $166M.

Capital allocation, year by year

Infinity Natural Resources: where the cash came from (up) and went (down), by fiscal yearInfinity Natural Resources: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingBuybacksFY2023: Operating cash flow $106MFY2023: Net borrowing $113MFY2023: Capital spending −$279M$219MFY2023FY2024: Operating cash flow $178MFY2024: Net borrowing $88.3MFY2024: Capital spending −$250M$266MFY2024FY2025: Operating cash flow $262MFY2025: Net borrowing −$109MFY2025: Capital spending −$356MFY2025: Buybacks −$1.2M$262MFY2025
Over these 3 years operating cash flow totalled $546M; the largest uses were capital spending ($885M) and net borrowing ($109M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$25.9M
Debt$55K
Net cash$25.8M
Due within a year$40K

Infinity Natural Resources's operations bring cash in ($313M over twelve months), and it spends more than that on capital projects: a gap of $309M funded from its $25.9M of cash and investments and from borrowing ($55K of debt, $40K due within a year). That is a choice to invest, not a cash runway running down.

Infinity Natural Resources: debt maturities by year (FY2025)Infinity Natural Resources: debt maturities by year (FY2025)$40KYear 1$15KYear 2
Principal due in each year as disclosed in the annual report, against $25.9M of cash and investments now.

Where the cash came from and went

Infinity Natural Resources: sources (+) and uses (−) of cash, Q2 2026Infinity Natural Resources: sources (+) and uses (−) of cash, Q2 2026Capital spending−$166MOperating cash flow$138MCash drawn (+) / kept (−)$47.1MOther investing−$13.1MOther financing−$6.3M
Infinity Natural Resources: sources (+) and uses (−) of cash, TTM to Q2 2026Infinity Natural Resources: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$854MCapital spending−$623MOther investing−$491MOperating cash flow$313MNet borrowing (+) / repaid (−)−$34.6MCash drawn (+) / kept (−)−$19.6M

From profit to cash

Infinity Natural Resources: net income to operating cash flow, Q2 2026Infinity Natural Resources: net income to operating cash flow, Q2 2026Net income$108MDepreciation & amortization$44.4MStock-based pay$3.2MDeferred taxes$4.9MReceivables−$20.3MPayables$21.3MAccrued liabilities$16.3MPrepaid and other assets$2.6MOther operating capital−$123KOperating cash flow$138M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$138M−$166M——$47.1M−$27.7M
Q1 2026$58.4M−$623M$399M$350M−$70.1M−$564M
Q4 2025$75.1M−$2.4M$75.5M—$1.7M$72.7M
Q3 2025$42.1M−$269M$40.9M—$1.7M−$227M
Q2 2025$70.4M−$82.6M$23.0M—−$1.4M−$12.2M
Q1 2025$74.2M−$106M−$248M$286M−$2.7M−$31.4M
Q4 2024$30.1M−$1.4M$34.6M—−$638K$28.7M
Q3 2024$50.8M−$84.7M$37.3M—$5.3M−$33.9M

Infinity Natural Resources: income statement and cash flow

Infinity Natural Resources, Q2 2026: revenue $171M (+130% year over year), operating margin 41.2%. The chart follows the revenue to costs, profit and cash.

Infinity Natural Resources: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.