Infinity Natural Resources Posts $57.5M Derivative Gain

By Ahmed Jamerson • Friday, July 17 13:02 • Permanent Link

Infinity Natural Resources said its derivative portfolio swung to a $57.5 million gain in the second quarter of 2026, driven by $63.9 million in unrealized mark-to-market gains that more than offset $6.4 million in realized losses on settled contracts.

The company’s open hedge book at June 30 showed oil swaps totaling 4.074 million barrels with a weighted average price of $63.51 per barrel and a negative fair value of $4.937 million. Those oil positions were split across several years, including 1.480 million barrels in 2026, 1.710 million barrels in 2027, and 884,000 barrels in 2028. The associated collar positions covered 532,000 barrels with a weighted average ceiling of $78.00 and floor of $70.00, carrying a $3.031 million fair value.

In natural gas, the company reported 159.547 million MMBtu of swaps with a total fair value of $37.599 million. The largest exposure was in 2027 at 44.334 million MMBtu, followed by 2028 at 35.370 million MMBtu and 2029 at 29.970 million MMBtu. The weighted average swap price on that book ranged from $4.04 per MMBtu in 2026 down to $3.56 in 2030.

Infinity also held 19.212 million MMBtu of fixed-basis gas swaps, valued at $8.255 million, and 91.492 million MMBtu of basis swaps that carried a negative fair value of $8.926 million. Its NGL hedges totaled 2.978 million barrels with a $5.061 million fair value. The NGL positions were priced at a weighted average of $36.13 per barrel in 2026, $33.68 in 2027, and $57.96 in 2028. Following these announcements, the company's shares moved 1.3%, and are now trading at a price of $13.2501. If you want to know more, read the company's complete 8-K report here.

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