Earnings Per Share

3 Months Ended

Mar. 31, 2025

Basic (loss) earnings per share is calculated by dividing net (loss) income attributable to Infinity Natural Resources, Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted net (loss) earnings per share gives effect, when applicable, to unvested RSUs and PSUs granted under the Plan and the exchange INR Units (and the cancellation of an equal number of shares of Class B common stock) held by the Legacy Owners into Class A common stock.

The following table summarizes the calculation of weighted average shares of Class A common stock outstanding used in the computation of diluted loss per share:


	For the Three Months Ended March 31, 2025
(in thousands, except per share amounts)
Net loss attributable to Infinity Natural Resources, Inc.	$	(34,569)

Weighted average number of Class A common stock outstanding:
Basic	15,237,500
Effect of dilutive securities:
INR Units	—
RSUs	—
PSUs	—
Diluted	15,237,500

Net loss attributable to Infinity Natural Resources, Inc. per share of Class A common stock
Basic	$	(2.27)
Diluted	$	(2.27)

The calculation of diluted net loss per share for the three months ended March 31, 2025 excludes (i) the exchange of INR Units (and the cancellation of an equal number of shares of Class B common stock) to Class A common stock and (ii) 474,491 and 455,601 unvested RSUs and PSUs, respectively, because their inclusion in the calculation would be anti-dilutive.