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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 154,872 $ 85,165
Operating expenses:    
Gathering, processing, and transportation 19,723 12,070
Lease operating 8,916 6,772
Production and ad valorem taxes 2,349 632
Midstream operations and maintenance expense 1,478 662
Depreciation, depletion, and amortization 35,660 21,258
General and administrative [1] 21,413 131,750
Total operating expenses 89,539 173,144
Operating income (loss) 65,333 (87,979)
Other income (expense):    
Interest, net (5,789) (3,067)
Loss on derivative instruments (65,134) (37,218)
Other expense (1,101) (63)
Net loss before income tax expense (benefit) (6,691) (128,327)
Income tax expense (benefit) (348) 35
Net loss (6,343) (128,362)
Net income attributable to Infinity Natural Resources, LLC prior to the reorganization 0 9,914
Net loss attributable to redeemable non-controlling interests (4,472) (103,707)
Net loss attributable to Infinity Natural Resources, Inc. $ (1,871) $ (34,569)
Weighted-average common stock outstanding—Basic (in shares) 17,662,870 15,237,500
Net loss per share of Class A common stock—Basic (in dollars per share) $ (0.28) $ (2.27)
Weighted-average common stock outstanding—Diluted (in shares) 17,662,870 15,237,500
Net loss per share of Class A common stock— Diluted (in dollars per share) $ (0.28) $ (2.27)
Oil, natural gas, and natural gas liquids sales    
Revenues:    
Total revenues $ 150,704 $ 84,184
Midstream activities    
Revenues:    
Total revenues $ 4,168 $ 981
[1] General and administrative expense includes share-based compensation of $126.1 million for the three months ended March 31, 2025, incurred in connection with the Company's initial public offering (“IPO”).