Infinity Natural Resources (INR) investor relations material

Asset base and guidance

• ~177,000 net horizon acres across Ohio Utica and Pennsylvania Marcellus/Utica; ~400 locations and ~12 years of inventory at a 2-rig pace.

• 2Q26 production was 348 MMcfe/d; Adjusted EBITDAX margin was $3.62/Mcfe, and net leverage was 1.1x.

• 2026 guidance: net production 345–375 MMcfe/d, net liquids 18–20 Mbbl/d, annual production growth 70%, development capex $450–$500 million, and 2 operated rigs.

• Market capitalization was $849 million, enterprise value $1.7 billion, and liquidity $901 million, based on the presentation's stated dates and definitions.

Production and financial performance

• 2Q26 total production reached 348 MMcfe/d, up 75% YoY and 17% QoQ; natural gas was 217 MMcf/d, up 73% YoY.

• 2Q26 oil production was 12.4 Mbbl/d, up 102% YoY; NGL production was 9.5 Mbbl/d, up 57% YoY and 22% QoQ.

• Adjusted EBITDAX was $115 million in 2Q26, up 131% YoY and 18% QoQ; operating expenses were $1.14/Mcfe, down 14% YoY and up 12% QoQ.

• 2Q26 production mix was 16% oil, 21% NGL and 62% dry gas, providing exposure to both liquids and natural gas.

Market access and midstream

• Owned midstream systems handled ~70% of 2Q26 net operated natural gas production; system capacity was 1.04 Bcf/d, with 160 miles of gas pipelines and 113 miles of water pipelines.

• Midstream assets were estimated to have $1.3 billion of replacement value; the system was positioned to support development, lower operating costs and add scheduling flexibility.

• Gas sales outlets include REX, TETCO, Rover and EGTS; 90% of gas from Guernsey, Noble and Monroe counties was sold into the REX Zone 3 market.

• South Bend gathering capacity was 400 MMcf/d; dehydration capacity was being upgraded from 200 to 400 MMcf/d, targeted by end of 4Q26.