Filing Flows › Infinity Natural Resources (INR) › Q3 2025
Infinity Natural Resources (INR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Infinity Natural Resources (INR) reported revenue of $79.7M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +7% from the quarter before. Operating margin was 30.0%, net earnings $10.4M (13.0% of revenue).
Infinity Natural Resources, Q3 2025: revenue $79.7M (+15% year over year), operating margin 30.0%, net earnings $10.4M, operating cash flow $42.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.7M | +7% | +15% |
| Operating profit | $23.9M | +10% | +4% |
| Net earnings | $10.4M | -42% | -77% |
| Operating cash flow | $42.1M | -40% | -17% |
What changed
Revenue was $79.7M in Q3 2025, up 15% year over year and up 7% from the previous quarter. Oil revenues was the largest line at 51% of revenue. Natural gas revenues added $15.6M year over year (up 133%), 148% of the total change. NGL revenues declined 13%.
Operating profit was $23.9M, a 30.0% margin (down 3.2 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 33% margin then. Total costs grew 21% against revenue growth of 15%. The fastest-growing cost line was General & admin (+199%). Net earnings were $10.4M, down 77% year over year. The effective tax rate was -9.2%. Non-operating items added $12.7M, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $42.1M (down 17% year over year), 105% of net income including minority interests. Non-cash charges added back $27.6M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $27.8M. Capital expenditures of $80.8M exceeded it, leaving free cash flow of −$38.8M.
Questions
What was Infinity Natural Resources' revenue in the third quarter 2025?
Infinity Natural Resources (INR) reported revenue of $79.7M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +7% from the quarter before.
Was Infinity Natural Resources profitable in the third quarter 2025?
Operating profit was $23.9M (30.0% of revenue) and net earnings $10.4M.