Infinity Natural Resources, Inc.

INR is an independent energy company focused on acquiring, developing, and producing hydrocarbons in the Appalachian Basin. The company's operations are concentrated in the Utica Shale in eastern Ohio and its dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania. This provides a stacked development inventory that utilizes shared infrastructure and operational efficiencies. INR maintains a balanced portfolio of oil and natural gas assets, allowing for optimization of its development plan in response to commodity price changes. The company's corporate headquarters are located in Morgantown, WV. Shares of INR's Class A common stock are traded on the New York Stock Exchange under the ticker symbol "INR". On February 23, 2026, INR completed the acquisition of certain rights, title, and interests in upstream oil and gas properties, rights, and related assets located in Ohio from Antero Resources Corporation, Antero Minerals LLC, and Monroe Pipeline LLC. This acquisition was pursuant to a purchase and sale agreement dated December 5, 2025, between INR Holdings and Northern Oil and Gas Inc. Unless otherwise stated, the operating and financial information in this Annual Report does not reflect the completion of the Antero Acquisition or the Preferred Investment.