INFINITY NATURAL RESOURCES LOSSES $64.4M

By Ahmed Jamerson • Thursday, October 15 01:42 • Permanent Link

Infinity Natural Resources said third-quarter 2026 derivative contracts produced a combined loss of about $64.4 million.

The company recorded $1.2 million of realized losses from settled contracts in the quarter ended Sept. 30, 2026. It also booked $63.2 million of non-cash unrealized mark-to-market losses on open positions.

By commodity, the company’s open oil hedges totaled 3.395 million barrels across swaps and 465,000 barrels under collars. Those positions carried a combined negative fair value of $46.8 million at Sept. 30, 2026, with swaps accounting for $44.6 million of that loss and collars for $2.2 million.

Natural gas swaps were the largest volume hedge category, covering 144.87 billion cubic feet equivalent and carrying a positive fair value of $36.8 million at quarter-end. Infinity also reported $9.5 million of positive fair value on fixed-basis gas swaps and a $7.9 million loss on gas basis swaps.

For natural gas liquids, the company had 2.348 million barrels of swaps outstanding, with a negative fair value of $14.8 million.

Across the portfolio, the company’s 2026 oil swaps were priced at a weighted average of $63.71 per barrel, 2027 oil swaps at $65.08, and 2028 oil swaps at $70.87. Its 2026 natural gas swaps were priced at $4.31 per MMBtu, falling to $3.91 in 2027, $3.76 in 2028, $3.61 in 2029 and $3.56 in 2030.

The company’s collars included 115,000 barrels in 2026 with a $78.00 ceiling and $70.00 floor, and 350,000 barrels in 2027 with an $84.60 ceiling and $70.00 floor. As a result of these announcements, the company's shares have moved 2.74% on the market, and are now trading at a price of $13.89. Check out the company's full 8-K submission here.

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