Infinity Natural Resources Q1 net loss narrows

Infinity Natural Resources

12/05/2026 21:26

Overview

U.S. oil and gas producer's Q1 net daily production rose 88% after major acquisitions

Q1 net loss narrowed to $6.3 mln from $2.27 per share loss a year ago

Adjusted EBITDAX grew 70% yr/yr, driven by higher production and acquisitions

Outlook

Infinity reaffirms 2026 capital budget of $450 mln to $500 mln for development activities

Company expects 2026 net production between 345 and 375 MMcfe/d

Result Drivers

ASSET ACQUISITIONS - Co said major acquisitions in Ohio and Pennsylvania drove higher production and expanded inventory

PRODUCTION GROWTH - Net daily production rose 88% yr/yr, with natural gas output up 169%, helped by new well completions in Ohio Utica Shale

OPERATING COST EFFICIENCIES - Per-unit costs for gathering, processing, transportation, and lease operating declined, reflecting integration of new assets and infrastructure

Company press release: ID:nBw9rtrla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$6.3 mln
Q1 Operating Expenses
$89.5 mln
Q1 Operating Income
$65.3 mln
Q1 Pretax Profit
-$6.7 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Infinity Natural Resources Inc is $25.00, about 56.3% above its May 11 closing price of $16.00

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)