Infinity Natural Resources, Inc. reported a total derivative gain of approximately $57.5 million for the second quarter of 2026. The company recognized realized losses of approximately $6.4 million associated with settled derivative contracts, primarily involving crude oil, natural gas, natural gas liquids (NGLs), and regional basis differentials. These realized losses were more than offset by non-cash mark-to-market unrealized gains of approximately $63.9 million in its outstanding derivative portfolio, arising from the revaluation of open positions using prevailing forward commodity price curves as of June 30, 2026.

The derivative contracts were entered into pursuant to the company's board-approved hedging strategy. The unrealized adjustments reflect changes in the market value of open contracts and do not represent current-period cash inflows or outflows.

Open Derivative Contracts

The following tables summarize Infinity’s open derivative contracts scheduled to settle after June 30, 2026.

Preliminary Information

The financial and operating information for the second quarter of 2026 is preliminary and unaudited. Final amounts will be reported in the company's Quarterly Report on Form 10-Q for the period ended June 30, 2026.

Infinity Natural Resources, Inc. appointed Timothy Dugan to its Board of Directors on July 13, 2026, strengthening its governance with over four decades of leadership experience in the Appalachian energy industry. The appointment is effective immediately, adding significant operational and strategic expertise to the Board as the company executes its long-term strategy in the basin.

Mr. Dugan has served as a chief executive officer, chief operating officer, and public company director throughout his career. His background includes upstream operations, midstream infrastructure, capital allocation, and strategic transactions. Zack Arnold, President and Chief Executive Officer of Infinity, stated that Mr. Dugan's experience in building high-quality businesses and creating shareholder value will be invaluable to the company.

Most recently, Mr. Dugan served as President and Chief Executive Officer of Olympus Energy, leading the company through its sale to EQT Corporation. Previously, he held the role of Executive Vice President and Chief Operating Officer of CNX Resources Corporation, where he also served as Chief Operating Officer and a director of CNX Midstream Partners LP.

His career spans more than 40 years, during which he led large-scale upstream development programs and oversaw midstream infrastructure. Earlier in his career, he held senior operational and engineering roles at Chesapeake Energy, Equitable Production Company, and Cabot Oil & Gas Corporation. Mr. Dugan holds a Bachelor of Science degree in Chemical Engineering from the University of Pittsburgh.

Infinity Natural Resources, Inc. is a growth-oriented, independent energy company focused on the acquisition, development, production, and gathering of hydrocarbons in the Appalachian Basin. Its operations are concentrated on the Utica Shale in eastern Ohio and stacked dry gas assets in the Marcellus and Utica Shales in southwestern Pennsylvania.