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Infinity Natural Resources, Inc. (NYSE: INR) provided an update on the impact of derivative contracts for the first quarter of 2026.
For the quarter ended March 31, 2026, Infinity recognized realized losses associated with settled derivative contracts of approximately $18 million. The results reflect cash settlements tied to financial contracts referencing crude oil prices, natural gas prices, and regional basis differentials.
In addition to the cash settlements recorded during the quarter, the company recorded non-cash unrealized losses in its outstanding derivative portfolio of approximately $47 million. These unrealized losses arise from the periodic revaluation of open derivative positions using prevailing forward commodity price curves at the end of the reporting period.
Infinity said the unrealized adjustments do not represent current-period cash inflows or outflows. Instead, they reflect accounting remeasurement of the company’s derivative portfolio for contracts that remain open.
Overall, the combined effect of realized settlements and unrealized valuation changes resulted in estimated total derivative losses of approximately $65 million for the quarter. Infinity noted that these derivative contracts were entered into pursuant to its board-approved hedging strategy.
The company stated that the information in the press release related to first quarter 2026 financial and operating information is preliminary and unaudited. It is based on estimates and subject to completion of the company’s financial closing procedures. Final amounts for the three months ended March 31, 2026 will be reported in its Quarterly Report on Form 10-Q for the period ended March 31, 2026 or in the corresponding earnings release.
Infinity (NYSE: INR) is a growth-oriented, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Its operations are focused on the Utica Shale in eastern Ohio and on stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania.
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