Filing Flows › Infinity Natural Resources (INR) › Q2 2025
Infinity Natural Resources (INR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Infinity Natural Resources (INR) reported revenue of $74.5M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -13% from the quarter before. Operating margin was 29.1%, net earnings $18.0M (24.2% of revenue).
Infinity Natural Resources, Q2 2025: revenue $74.5M (+6% year over year), operating margin 29.1%, net earnings $18.0M, operating cash flow $70.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.5M | -13% | +6% |
| Operating profit | $21.7M | — | -23% |
| Net earnings | $18.0M | — | -25% |
| Operating cash flow | $70.4M | -5% | +6% |
What changed
Revenue was $74.5M in Q2 2025, up 6% year over year and down 13% from the previous quarter. Oil revenues was the largest line at 42% of revenue. Natural gas revenues added $19.7M year over year (up 182%), 487% of the total change. Oil revenues declined 35%.
Operating profit was $21.7M, a 29.1% margin (down 10.7 points year over year). Operating profit fell $6.4M even though revenue rose $4.0M versus a year earlier, so costs grew faster than sales. Total costs grew 25% against revenue growth of 6%. The fastest-growing cost line was General & admin (+53%). Net earnings were $18.0M, down 25% year over year. The effective tax rate was -0.8%. Non-operating items added $49.7M, 70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $70.4M (up 6% year over year), 98% of net income including minority interests. Non-cash charges added back $23.6M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $27.5M. Capital expenditures of $82.6M exceeded it, leaving free cash flow of −$12.2M.
Questions
What was Infinity Natural Resources' revenue in the second quarter 2025?
Infinity Natural Resources (INR) reported revenue of $74.5M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -13% from the quarter before.
Was Infinity Natural Resources profitable in the second quarter 2025?
Operating profit was $21.7M (29.1% of revenue) and net earnings $18.0M.