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INFINITY NATURAL RESOURCES, INC.

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

INR$13.17+3.0%Stored close · as of Nov 9, 2026

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Cautionary Statement Regarding Forward-Looking Statementsii

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Some of the information in this Quarterly Report on Form 10-Q (this “Quarterly Report”) may contain “forward-looking statements.” All statements, other than statements of historical fact included in this Quarterly Report regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, our ability to pay future dividends and make share repurchases, prospects, plans and objectives of management, among other similar statements, are forward-looking statements. When used in this Quarterly Report, words such as “may,” “assume,” “forecast,” “could,” “should,” “will,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “target,” “outlook,” “guidance,” “budget” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events at the time such statements were made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) and in this Quarterly Report. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include:

oil, natural gas and NGL prices;

our business strategy;

our ability to integrate operations or realize any anticipated operational or corporate synergies and other benefits of our acquisitions, including the Antero Acquisition (as defined herein);

the timing and amount of our future production of oil, natural gas and NGLs;

our estimated proved reserves;

our ability to achieve or maintain certain financial and operational metrics;

our drilling prospects, inventories, projects and programs;

actions taken by the Organization of Petroleum Exporting Countries, or OPEC, and other allied countries, collectively known as OPEC+, as it pertains to the global supply and demand of, and prices for, oil, natural gas and NGLs;

armed conflict, political instability or civil unrest in oil and gas producing regions, including armed conflict and instability in the Middle East, including the ongoing conflict in Iran, Venezuela, Mexico and the conflict between Russia and Ukraine, and the related potential effects on laws and regulations, or the imposition of economic or trade sanctions;

our ability to replace the reserves we produce through drilling and property acquisitions;

the occurrence or threat of epidemic or pandemic diseases, or any government response to such occurrence or threat;

risks and restrictions related to our debt agreements and the level of our indebtedness;

risks and restrictions related to our Series A Preferred Stock (as defined herein);

our financial strategy, leverage, liquidity and capital required for our development program;

our pending legal matters;

our ability to comply with environmental, health and safety laws, regulations and obligations;

our price differentials;

our ability to reduce or offset our greenhouse gas emissions, including our ability to achieve carbon neutrality;

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our hedging strategy and results;

our competition and government regulations;

our marketing of oil, natural gas and NGLs;

our leasehold or business acquisitions;

our costs of developing our properties;

general global political and economic conditions, including changes in interest rates and associated Federal Reserve policies and the impact of inflation on our business;

changes in tariffs, trade policy, trade barriers, price and exchange controls and other regulatory requirements;

credit markets;

uncertainty regarding our future operating results;

technological advancements, including artificial intelligence and its application in our industry; and

our plans, objectives, expectations and intentions contained in this Quarterly Report.

We caution you that these forward-looking statements are subject to all of the risks and uncertainties incident to the development, production, gathering and sale of oil, natural gas and NGLs, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, commodity price volatility; inflation; lack of availability and cost of drilling, completion and production equipment and services; supply chain disruption; project construction delays; environmental risks; drilling, completion and other operating risks; lack of availability or capacity of midstream gathering, processing, fractionation and transportation infrastructure; regulatory changes; the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital; the timing of development expenditures; impacts of geopolitical and world health events, including trade wars; cybersecurity risks; and the other risks described under “Item 1A. Risk Factors” in this Quarterly Report and in our 2025 Form 10-K.

Reserve engineering is a process of estimating underground accumulations of hydrocarbons that cannot be measured in an exact way. The accuracy of any reserve estimates depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any future production and development program. Accordingly, reserve estimates may differ significantly from the quantities of oil and natural gas that are ultimately recovered.

Should one or more of the risks or uncertainties described in this Quarterly Report or our 2025 Form 10-K occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements.

All forward-looking statements, expressed or implied, included in this Quarterly Report are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.

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