Infinity Natural Resources (INR) Q3 FY2026 earnings: revenue $198 million, up 147.8% on the year
Infinity Natural Resources, Inc. (INR) reported revenue of $198 million for Q3 FY2026, the quarter ended 30 September 2026, up 147.8% on the same quarter a year earlier. Net income was -$122,000, and diluted earnings per share $-0.37. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.
Revenue
$198 million
+147.8% on the year · +15.5% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
40.1%
30.0% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$122,000
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.37
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Production nearly doubled year over year: Net daily production was 431.7 MMcfe/d, up 100% from the third quarter 2025. Natural gas rose 104% to 282.6 MMcf/d and oil rose 79% to 14.0 Mbbls/d.
Adjusted EBITDAX reached record level: Adjusted EBITDAX was $137.7 million, an Adjusted EBITDAX Margin of $3.47 per Mcfe, against $60.0 million in the third quarter 2025. Both are non-GAAP measures.
Quarter net loss included hedge losses: Net loss was $(0.4) million, or $(0.37) per diluted share, including $63.2 million of mark-to-market hedge losses.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
137
138
42.1
-0.5%
+226.1%
Capital expenditure
11.2
13.0
3.9
-13.4%
+187.6%
Free cash flow
126
125
38.2
+0.9%
+230.1%
Free cash flow margin
63.8%
73.0%
47.9%
Cash from investing
-123
-179
-84.8
Cash from financing
-13.5
-6.3
41.0
Depreciation and amortisation
54.7
44.4
27.6
+23.1%
+98.2%
Share-based compensation
3.3
3.2
2.3
+2.7%
+45.8%
Buybacks
0.0
n/a
0.0
Diluted shares, weighted
19m
36m
16m
-46.3%
+22.3%
Shares outstanding at period end
63m
63m
61m
+0.0%
+4.2%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
388
399
289
-2.7%
+34.5%
Redeemable equity
706
707
608
-0.0%
+16.1%
Debt
539
538
75.4
+0.1%
+614.9%
Operating lease liabilities
1.6
1.3
1.0
+28.9%
+62.2%
Other liabilities
620
542
139
+14.3%
+345.1%
Total liabilities and equity
2,254
2,187
1,113
+3.1%
+102.6%
Cash and equivalents
26.2
25.9
4.6
+1.1%
+472.5%
Receivables
89.6
69.7
37.0
+28.5%
+142.0%
Other assets
2,139
2,092
1,071
+2.3%
+99.7%
Total assets
2,254
2,187
1,113
+3.1%
+102.6%
Questions
What was Infinity Natural Resources' revenue in Q3 FY2026?
Infinity Natural Resources (INR) reported revenue of $198 million for Q3 FY2026, the quarter ended 30 September 2026, up 147.8% on the same quarter a year earlier.
How much did Infinity Natural Resources earn in Q3 FY2026?
Net loss for Q3 FY2026 was $122,000, and the diluted loss per share $0.37.
When did Infinity Natural Resources report Q3 FY2026 results?
Infinity Natural Resources filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 9 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 9 November 2026: the filing.