Infinity Natural Resources, Inc. (INR) stock analysis

INRNYSECrude Petroleum & Natural GasFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 11/3054% below fair value

$12.94−0.25 (-1.90%)

Close on Nov 13, 2026Market cap $820.68MP/E 8.3Yield –

StockData Score

Prices as of Nov 13, 2026How the score works

Mixed11 of 30 checks passed

Infinity Natural Resources passes 11 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation: 3/6
Growth: 1/6
Past performance: 3/6
Financial health: 4/6
Dividend: 0/6

What stands out

Margin of safety over 20%
The price is 54.3% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $12.94 is below our fair value estimate of $28.30.
Return on capital over 10%
Return on invested capital was 81.3%, above the 10% that usually covers the cost of capital.
No debt
Infinity Natural Resources has no borrowings on its latest balance sheet.

What to watch

Elevated bankruptcy risk
The Altman Z-score is 1.24; above 3 is the safe zone and below 1.8 the distress zone.
Guidance lowered
Infinity Natural Resources lowered its 2026 oil and liquids outlook on Aug 10, 2026.
P/B above the industry
Infinity Natural Resources's price-to-book of 2.11 is above the Crude Petroleum and Natural Gas median of 1.38.
Short-term assets don't cover short-term debts
Current assets are 0.70 times current liabilities.

Valuation3/6

P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
Infinity Natural Resources's P/E of 8.3 is below the Crude Petroleum and Natural Gas median of 10.2.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
Infinity Natural Resources's price-to-book of 2.11 is above the Crude Petroleum and Natural Gas median of 1.38.
Trading below fair value
The share price of $12.94 is below our fair value estimate of $28.30.
Margin of safety over 20%
The price is 54.3% below fair value, more than the 20% cushion we look for.

Growth1/6

Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 108% over the last twelve months; the Crude Petroleum and Natural Gas median is 9.1%.
Guidance lowered
Infinity Natural Resources lowered its 2026 oil and liquids outlook on Aug 10, 2026.
Gross margin trend
This company does not report gross profit.

Past performance3/6

Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 81.3%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Infinity Natural Resources's return on equity of 14.9% is above the Crude Petroleum and Natural Gas median of 5.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin above the industry
Infinity Natural Resources's net margin of 7.9% is above the Crude Petroleum and Natural Gas median of 4.5%.

Financial health4/6

No debt
Infinity Natural Resources has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets don't cover short-term debts
Current assets are 0.70 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is 1.24; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

No dividend
Infinity Natural Resources has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$28.30

The share price is 54% below this estimate.

20%+ below

Near fair value

20%+ above

$12.94Price$28.30Fair value

Method	Multiple used	Own 5Y median	Industry median	Value per share	Weight
P/E	10.2×	–	10.2×	$15.85	44%
EV/EBITDA	5.5×	–	5.5×	$38.48	39%
P/Bleft out, too far from the others	1.4×	–	1.4×	$8.43	–
Earnings power	7.6% cost of equity	–	–	$37.75	17%
Fair value				$28.30	100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day: $3.19M
Value traded per 1% price move: $1.73M

Downside

Medium risk

Typical loss in a bad month: 19.2%
Volatility (annualized): 44%
Sharpe ratio, 1 year: -0.20
Beta to the S&P 500 (5Y): 0.11

Typical bad-month loss, week by week

Margins

Share of revenue, fiscal years 2022 to 2025

Operating margin

3.3%

Net margin

3.9%

Per year	1 year	3 years	5 years	10 years	Five-year pace
Revenue	+37.6%	–	–	–
Operating income	-87.3%	–	–	–

Measure	FY2022	FY2022	FY2025	Trend
Current ratio	–	–	1.57
Diluted shares	–	–	61M

DuPont analysis

Return on equity split into margin, efficiency and leverage

Net margin3.9%

Asset turnover0.33×

Equity multiplier7.02×

Return on equity, FY20259.0%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	3.9%	0.33×	7.02×	9.0%

Where these numbers come from

Parsed from the XBRL in Infinity Natural Resources's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing