Quarterly ResultMay 12, 2026, 04:23 PM
Infinity Natural Resources Q1 Net Loss $6.3M; Adj. EBITDAX +70%
AI Summary
Infinity Natural Resources reported a significantly narrowed net loss of $6.3 million for Q1 2026, compared to $128.362 million in Q1 2025. The company achieved 88% growth in total net daily production to 299.3 MMcfe/d and a 70% increase in Adjusted EBITDAX to $97.3 million. These results follow the completion of a transformative $1.2 billion acquisition of upstream and midstream assets in Ohio and Pennsylvania, an upsized $550 million Senior Notes offering, and a $350 million strategic equity investment.
Key Highlights
- Completed $1.2 billion acquisition of upstream and midstream assets from Antero Resources and Chase Oil Corp.
- Completed upsized offering of $550 million of 7.625% Senior Notes due 2031.
- Completed $350 million strategic equity investment from Quantum Capital Group and Carnelian Energy Capital.
- Total net daily production grew 88% to 299.3 MMcfe/d in Q1 2026 compared to Q1 2025.
- Net loss narrowed to $6.3 million ($0.28 per share) in Q1 2026 from $128.362 million ($2.27 per share) in Q1 2025.
- Adjusted EBITDAX grew 70% to $97.3 million in Q1 2026 compared to Q1 2025.
- Generated $58.4 million of net cash provided by operating activities for the quarter.
- Reaffirmed 2026 capital budget of $450 million to $500 million and net production guidance of 345-375 MMcfe/d.