Infinity Natural Resources, Inc. (INR) Stock Price & Analysis
Infinity Natural Resources, Inc. (INR) closed at USD 14.34 on Friday, October 23, 2026, up 3.84% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 13.81; the Oct 23, 2026 session ranged USD 13.84–14.5 on volume of 164,574 shares. Market capitalization is $267.33M, with a 52-week range of USD 11.13–19.59 (NYQ). Source: Nexqual, retrieved October 24, 2026 at 12:40 UTC.
Also available as compact Markdown for AI agents: nexqual.com/INR.md
Key facts (INR)
- Last four reported quarters (through Jun 30, 2026): revenue $523M, net income $61.0M (11.7% margin) (SEC filings).
- Valuation: P/E 4.4x (avg 64.9x at the last 1 fiscal year-ends).
- Insider open-market purchases, last ~7 months: 10 Form 4 filings, $2.6M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.78 on a 1–5 scale) (9 analysts), mean target USD 21.44 (range 17–26).
- Total return with dividends: 1Y +22.4% vs S&P 500 +13.4%; 5Y -31.9% vs S&P 500 +76.9%.
- Next earnings: 2026-11-09, EPS estimate USD 0.83, revenue estimate $181M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (INR)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $162M | $259M | $356M | $523M |
| Operating income | $52.7M | $93.7M | $11.9M | $214M |
| Net income | $86.7M | $0K | $13.8M | $61.0M |
| EPS (diluted) | $0.00 | $0.00 | $0.89 | — |
| Operating margin | 32.6% | 36.2% | 3.3% | 40.9% |
| Net margin | 53.6% | 0.0% | 3.9% | 11.7% |
| Revenue growth | — | +60.2% | +37.6% | — |
| Cash + short-term investments | $1.5M | $2.2M | $2.8M | — |
| Total debt | — | $260M | $55K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (INR)
P/E 4.4x · P/S 0.5x · P/B 0.7x · Earnings yield 22.80%
P/E at fiscal year-ends: Dec 2025 64.9x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (INR)
10 purchases, $2.6M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-24…2026-09-25 | Baetz Cary D | EVP and CFO | 22,316 | $300K | 13.44 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-21…2026-09-22 | Gieselman Scott | Director | 28,467 | $364K | 12.78 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-17 | Gieselman Scott | Director | 10,000 | $129K | 12.94 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-12 | Gray Steven D | Director | 25,000 | $320K | 12.81 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-11 | Quinn William J | Director | 11,497 | $152K | 13.2 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-10…2026-06-11 | Poole David P | Director | 11,500 | $159K | 13.82 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-05 | Quinn William J | Director | 44,000 | $580K | 13.19 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-03 | Quinn William J | Director | 10,503 | $139K | 13.2 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-02…2026-06-03 | Gieselman Scott | Director | 14,100 | $188K | 13.36 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-22…2026-05-26 | Gieselman Scott | Director | 20,900 | $295K | 14.11 | Too little history (no open-market trades in 2023 or 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (INR)
Consensus Buy (mean 1.78 on a 1–5 scale), 9 analysts; mean target USD 21.44 (low 17, high 26).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Scotiabank | Initiated | Sector Outperform | $17 |
| 2026-10-14 | RBC Capital | Target lowered | Outperform | $22 → $21 |
| 2026-07-08 | Stephens & Co. | Target lowered | Overweight | $24 → $23 |
| 2026-07-08 | Raymond James | Target lowered | Strong Buy | $30 → $26 |
| 2026-07-07 | RBC Capital | Reiterated | Outperform | $27 |
Total return (dividends reinvested) (INR)
| 1Y (from 2025-10-24) | 5Y (from 2025-01-27) | |
|---|---|---|
| Total return | +22.4% | -31.9% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +22.4% | -19.9% |
| Volatility (annualized) | 46.1% | 44.9% |
| Max drawdown | -36.4% (Mar 2026→Jul 2026) | -46.1% (Feb 2025→Oct 2025) |
INR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil, natural gas, and natural gas liquids sales | $170.4M | 100.0% | +135.1% |
| — Oil revenues (part of Oil, natural gas, and natural gas liquids sales) | $96.6M | 56.7% | +206.1% |
| — Natural gas revenues (part of Oil, natural gas, and natural gas liquids sales) | $46.1M | 27.1% | +51.4% |
| — NGL revenues (part of Oil, natural gas, and natural gas liquids sales) | $27.7M | 16.2% | +165.2% |
| Midstream and other revenues | $609,000 | 0.4% | -69.6% |
| Total revenue | $170.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
INR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Wright & Company | “Our internal staff of petroleum engineers works closely with Wright to ensure the integrity, accuracy and timeliness of data furnished to Wright.” |
| Partner | Northern Oil and Gas | “We and Northern jointly own the Antero Ohio Assets pursuant to an undivided interest acquisition structure and are subject to a cooperation agreement, infrastructure joint ownership agreement and joint operating agreement with Northern.” |
Quoted from the company's 10-K filed Mar 10, 2026.
INR customer concentration
In the period ended Dec 31, 2025, 4 direct customers each accounted for at least 10% (35%, 33%, 16%, 0%) of revenue, per the company's 10-K filed Mar 10, 2026. The company does not name them.
INR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.83 | $0.88 | -5.5% | $181.2M | 6 |
| Next quarter (ends Dec 2026) | $0.76 | $0.95 | -19.8% | $184.4M | 5 |
| Current fiscal year (ends Dec 2026) | $3.21 | $3.38 | -4.9% | $682.6M | 6 |
| Next fiscal year (ends Dec 2027) | $3.29 | $3.93 | -16.3% | $774.6M | 6 |
Key Statistics (as of October 24, 2026 at 12:40 UTC)
| Price | USD 14.34 |
|---|---|
| Change | ▲ 3.84% (up) |
| Previous Close | USD 13.81 |
| Open | USD 13.76 |
| Day Range | USD 13.84 – 14.5 |
| 52-Week Range | USD 11.13 – 19.59 |
| Volume | 164,574 shares |
| Market Cap | $267.33M |
| Exchange | NYQ |
Technical Analysis (INR)
Nexqual's technical model rates INR "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 24, 2026 at 12:40 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 55.5 (neutral) |
| vs SMA50 | Above (USD 13.99) |
| MACD | 0.05 (positive) |
Analyst Ratings (INR)
Wall Street analysts rate INR "Buy" based on 9 analysts, with a mean price target of USD 21.44 (range USD 17–26), per Nexqual as of October 24, 2026 at 12:40 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 21.44 |
| High Target | USD 26 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 9 / 0 / 0 |
Earnings (INR)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD 0.83 |
| Revenue Estimate | $181.16M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.65 vs est 0.83 ▼ miss |
| 2025-12-31 | USD 0.02 vs est 0.63 ▼ miss |
| 2025-09-30 | USD 0.25 vs est 0.46 ▼ miss |
Source: Nexqual, October 24, 2026 at 12:40 UTC.
Financials & Fundamentals (INR)
| Total Revenue | $522.68M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +129.60% |
| Gross Margin | +78.37% |
| Operating Margin | +74.87% |
| Profit Margin | +11.54% |
| ROE | +19.26% |
| Debt / Equity | 0.37 |
| Current Ratio | 0.87 |
| Total Cash | $25.88M |
| Total Debt | $540.02M |
Source: Nexqual, October 24, 2026 at 12:40 UTC.
Financial Health Score (INR)
Nexqual rates Infinity Natural Resources, Inc.'s overall financial health "Solid" across five dimensions, as of October 24, 2026 at 12:40 UTC.
| Growth | Strong — Revenue +38% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 78%, operating 75% (last 12 months) |
| Balance Sheet | Mixed — $3M cash and investments, no debt (Dec 2025, SEC) |
| Cash Flow | Solid — Operating cash flow $262M (FY ended Dec 2025, 10-K) |
| Efficiency | Solid — ROE 19%, ROA 10.3% |
Ownership (INR)
| Insider Ownership | +18.19% |
|---|---|
| Institutional Ownership | +106.06% |
| Shares Outstanding | 18.64M |
| Float | 15.08M |
| Short % of Float | +19.64% |
Source: Nexqual, October 24, 2026 at 12:40 UTC.
Leadership (INR)
Infinity Natural Resources, Inc. is led by Zack Arnold, President, CEO & Director, per Nexqual as of October 24, 2026 at 12:40 UTC.
| President, CEO & Director | Zack Arnold |
|---|---|
| Executive VP & CFO | Cary D. Baetz |
| Senior Vice President of Operations | Ian Costello |
| Vice President of Investor Relations | Thomas Michael Marchetti |
| Senior Vice President of Commercial and Production | Ryan Warner P.E. |
Major Backers & Investors (INR)
Notable institutional backers of Infinity Natural Resources, Inc. include Franklin Resources, Inc., Westwood Holdings Group Inc., American Century Companies Inc, according to Nexqual as of October 24, 2026 at 12:40 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Franklin Resources, Inc. | 12.57% |
| Westwood Holdings Group Inc. | 11.54% |
| American Century Companies Inc | 11.47% |
| Franklin Strategic Series-FRANKLIN SMALL CAP GROWTH FUND | 10.02% |
| Hancock Prospecting Pty Ltd | 5.62% |
| Silvercrest Asset Management Group, LLC | 5.57% |
| Ameriprise Financial, Inc. | 4.02% |
| Yaupon Capital Management, LP | 3.51% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.19% |
| Vanguard Group | 4.06% |
Source: Nexqual, October 24, 2026 at 12:40 UTC.
From Infinity Natural Resources, Inc.'s Latest SEC 10-K Filing (filed 2026-03-10)
Key Strengths & Strategy (as disclosed to the SEC)
- Our contiguous HBP acreage and company-owned midstream infrastructure allow us to maximize the economics of the stacked Marcellus and Utica plays.
Partnerships
- We funded the transaction with cash on hand, the proceeds of the Preferred Investment and borrowings under our Credit Facility, which was amended and expanded in connection with closing.
- The EPAct of 2005 also provided FERC with the power to assess civil penalties of up to $1,000,000 per day (adjusted annually for inflation) for violations of the NGA and NGPA.
Legal & Regulatory Risks (Item 1A, quoted)
- Our operations are subject to stringent environmental, health and safety laws and regulations that may expose us to significant costs and liabilities that could exceed current expectations.
- We may be involved in legal and regulatory proceedings that could result in substantial liabilities.
- Climate change legislation or regulations restricting emissions of GHGs could result in increased operating costs and adversely affect our business.
- Changes to trade regulation, quotas, duties or tariffs, caused by the changing U.S. and geopolitical environments or otherwise, may increase our costs, result in fewer growth capital opportunities or projects, limit the amount of raw materials and products that we can import, decrease demand for certain of our services or otherwise adversely impact our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BSM | Black Stone Minerals, L.P. | USD 14.97 | ▲ 1.77% |
| BTE | Baytex Energy Corp | USD 5.5 | ▲ 3.38% |
| CRK | Comstock Resources, Inc. | USD 14.13 | ▲ 1.15% |
| CRC | California Resources Corporatio | USD 54.53 | ▲ 2.96% |
| CNX | CNX Resources Corporation | USD 36.54 | ▲ 2.27% |
| CRGY | Crescent Energy Company | USD 13.83 | ▲ 3.75% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 12:40 UTC. This page is informational and not investment advice.
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