MORGANTOWN, W.Va., July 17, 2026--(BUSINESS WIRE)--Infinity Natural Resources, Inc. ("Infinity" or the "Company") (NYSE: INR) today provided an update on the impact of derivative contracts for the second quarter 2026.
Impact of Derivative Contracts
For the quarter ended June 30, 2026, Infinity recognized realized losses associated with settled derivative contracts of approximately $6.4 million. These results reflect cash settlements tied to financial contracts referencing crude oil prices, natural gas prices, natural gas liquids ("NGLs") prices and regional basis differentials.
In addition to the cash settlements recorded during the quarter, the Company recorded non-cash mark-to-market unrealized gains in its outstanding derivative portfolio of approximately $63.9 million. These unrealized gains arise from the periodic revaluation of open derivative positions using prevailing forward commodity price curves at the end of the reporting period.
Because these unrealized adjustments reflect changes in the market value of contracts that remain open, they do not represent current-period cash inflows or outflows but instead reflect the accounting remeasurement of the Company's derivative portfolio.
Overall, the combined effect of realized settlements and unrealized valuation changes resulted in a total derivative gain of approximately $57.5 million for the quarter. These derivative contracts were entered into pursuant to our board approved hedging strategy.
The following tables summarize Infinity's open derivative contracts scheduled to settle after June 30, 2026.
Swaps | Collars | |||||||||||||||||||
Volume | Weighted Average Price | Fair Value as of June 30, 2026 | Volume | Weighted Average Ceiling Price | Weighted Average Floor Price | Fair Value as of June 30, 2026 | ||||||||||||||
Oil (WTI) | (in MBbls) | ($ per Bbl) | (in thousands) | (in MBbls) | ($ per Bbl) | ($ per Bbl) | (in thousands) | |||||||||||||
2026 | 1,480 | $ | 63.51 | $ | (7,652 | ) | 182 | $ | 78.00 | $ | 70.00 | $ | 669 | |||||||
2027 | 1,710 | $ | 65.08 | $ | (2,372 | ) | 350 | $ | 84.60 | $ | 70.00 | $ | 2,362 | |||||||
2028 | 884 | $ | 70.87 | $ | 5,088 | — | — | — | — | |||||||||||
2029 | — | — | — | — | — | — | — | |||||||||||||
2030 | — | — | — | — | — | — | — | |||||||||||||
Total | 4,074 | $ | (4,937 | ) | 532 | $ | 3,031 |
Swaps | |||||||||
Volume | Weighted Average Price | Fair Value as of June 30, 2026 | |||||||
Natural Gas (NYMEX) | (in MMBtu) | ($ per MMBtu) | (in thousands) | ||||||
2026 | 23,563,000 | $ | 4.04 | $ | 14,979 | ||||
2027 | 44,334,000 | $ | 3.91 | $ | 19,994 | ||||
2028 | 35,370,000 | $ | 3.76 | $ | 2,863 | ||||
2029 | 29,970,000 | $ | 3.61 | $ | (520 | ) | |||
2030 | 26,310,000 | $ | 3.56 | $ | 283 | ||||
Total | 159,547,000 | $ | 37,599 |
Swaps | ||||||||
Volume | Weighted Average Price | Fair Value as of June 30, 2026 | ||||||
Natural Gas (Fixed Basis) | (in MMBtu) | ($ per MMBtu) | (in thousands) | |||||
2026 | 8,840,000 | $ | 3.05 | $ | 5,370 | |||
2027 | 10,372,000 | $ | 2.96 | $ | 2,884 | |||
2028 | — | — | — | |||||
2029 | — | — | — | |||||
2030 | — | — | — | |||||
Total | 19,212,000 | $ | 8,255 |