Filing Flows › Infinity Natural Resources (INR) › Q4 2025
Infinity Natural Resources (INR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Infinity Natural Resources (INR) reported revenue of $117M for the fourth quarter 2025 (Q4 2025), +69% from a year earlier and +47% from the quarter before. Operating margin was 46.4%, net earnings $20.7M (17.7% of revenue).
Infinity Natural Resources, Q4 2025: revenue $117M (+69% year over year), operating margin 46.4%, net earnings $20.7M, operating cash flow $75.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $117M | +47% | +69% |
| Operating profit | $54.3M | +127% | +92% |
| Net earnings | $20.7M | +99% | — |
| Operating cash flow | $75.1M | +78% | +149% |
| Free cash flow | $72.7M | — | +153% |
What changed
Revenue was $117.1M in Q4 2025, up 69% year over year and up 47% from the previous quarter. Oil revenues was the largest line at 46% of revenue.
Operating profit was $54.3M, a 46.4% margin (up 5.5 points year over year). Of the extra revenue versus Q4 2024, 54% reached operating profit, above the 41% margin then. Total costs grew 54% against revenue growth of 69%. The fastest-growing cost line was General & admin (+75%). Net earnings were $20.7M. The effective tax rate was -1.2%. Non-operating items added $25.1M, 32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $75.1M (up 149% year over year), 93% of net income including minority interests. Non-cash charges added back $31.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $38.5M. Capital expenditures of $2.4M left free cash flow of $72.7M.
Questions
What was Infinity Natural Resources' revenue in the fourth quarter 2025?
Infinity Natural Resources (INR) reported revenue of $117M for the fourth quarter 2025 (Q4 2025), +69% from a year earlier and +47% from the quarter before.
Was Infinity Natural Resources profitable in the fourth quarter 2025?
Operating profit was $54.3M (46.4% of revenue) and net earnings $20.7M.