Infinity Natural Resources Inc-A 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-42499 INFINITY NATURAL RESOURCES, INC. (Exact name of registrant as specified in its charter)_________________________ 99-3407012 Delaware (State or other jurisdiction ofincorporation or organization) (I.R.S. Employer Identification No.) (304) 212-2350 (Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days. YesNo Table of Contents Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo The number of shares of the Registrant’s Class A common stock and Class B common stock outstanding as of May 8, 2026 was18,751,607 and 44,780,230, respectively. Cautionary Statement Regarding Forward-Looking StatementsiiGlossary of Oil and Natural Gas TermsivPart I - Financial Information1Item 1. Financial Statements1Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations29Item 3. Quantitative and Qualitative Disclosures About Market Risk40Item 4. Controls and Procedures41 Part II - Other InformationItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. Exhibits CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Some of the information in this Quarterly Report on Form 10-Q (this “Quarterly Report”) may contain “forward-looking statements.”All statements, other than statements of historical fact included in this Quarterly Report regarding our strategy, future operations, financialposition, estimated revenues and losses, projected costs, our ability to make share repurchases, prospects, plans and objectives ofmanagement are forward-looking statements. When used in this Quarterly Report, words such as “may,” “assume,” “forecast,” “could,”“should,” “will,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “target,” “outlook,” “guidance,” “budget” andsimilar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifyingwords. These forward-looking statements are based on management’s current belief, based on currently available information, as to theoutcome and timing of future events at the time such statement was made. When considering forward-looking statements, you should keepin mind the risk factors and other cautionary statements in our Annual Report on Form 10-K for the year ended December 31, 2025 (the“2025 Form 10-K”) and in this Quarterly Report. Factors that could cause our actual results to differ materially from the resultscontemplated by such forward-looking statements include: •oil, natural gas and NGL prices;•our business strategy;•our ability to integrate operations or realize any anticipated operational or corporate synergies and other benefits of ouracquisitions, including the Antero Acquisition;•the timing and amount of our future production of oil, natural gas and NGLs;•our estimated proved reserves;•our ability to achieve or maintain certain financial and operational metrics;•our drilling prospects, inventories, projects and programs;•actions taken by the OPEC and other allied countries (collectively known as “OPEC+”) as it pertains to the global supply anddemand of, and prices for,