Infinity Natural Resources Inc-A 2024年度报告

FORM10-K (MarkOne)☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the fiscal year ended December31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF1934 FOR THE TRANSITION PERIOD FROMTO Commission FileNumber001-42499 INFINITY NATURAL RESOURCES, INC.(Exact name of Registrant as specified in its Charter) 99-3407012(I.R.S. EmployerIdentification No.) Delaware(State or other jurisdiction ofincorporation or organization) 2605 Cranberry SquareMorgantown, WV(Address of principal executive offices) Registrant’s telephone number, including area code:(304)212-2350 Securities registered pursuant to Section12(b) of the Act: Title of each classTradingSymbol(s)Name of each exchangeon which registeredClassA common stock, par value $0.01 per shareINRThe New York Stock Exchange Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.YES☐NO☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section13 or 15(d) of the Act.YES☐NO☒ Indicate by check mark whether the Registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.YES☐NO☒ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the Registrant was required to submit suchfiles).YES☐NO☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2of the Exchange Act. Largeacceleratedfiler☐Non-acceleratedfiler☒Emerginggrowthcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined inRule12b-2of the Exchange Act).YES☐NO☒ The Company was not a public company as of the last business day of its most recently completed second quarter and therefore cannot calculate theaggregate market value of its voting andnon-votingcommon equity held bynon-affiliatesat such date. The number of shares of the Registrant’s ClassA common stock and ClassB common stock outstanding as of March21, 2025 was 15,237,500 and45,638,889, respectively. DOCUMENTS INCORPORATED BY REFERENCE: None. Table of Contents Table of Contents Cautionary Statement Regarding Forward-Looking StatementsCommonly Used Defined TermsGlossary of Oil and Natural Gas TermsRisk Factors Summary PARTI Item1.BusinessItem1A.Risk FactorsItem1B.Unresolved Staff CommentsItem1C.CybersecurityItem2.PropertiesItem3.Legal ProceedingsItem4.Mine Safety Disclosures PARTII Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem6.[Reserved]Item7.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem7A.Quantitative and Qualitative Disclosures About Market RiskItem8.Financial Statements and Supplementary DataItem9.Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem9A.Controls and ProceduresItem9B.Other InformationItem9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections PARTIIIItem10. Directors, Executive Officers and Corporate GovernanceItem11.Executive CompensationItem12.Security Ownership of Certain Beneficial Owners and Management and Related Stoc