Infinity Natural Resources reported a total derivative gain of approximately $57.5 million for the quarter ended June 30, 2026, reflecting $6.4 million of realized losses on settled contracts and about $63.9 million of non‑cash mark‑to‑market unrealized gains on open positions. The company disclosed open swap and collar positions across oil, natural gas, fixed basis and NGLs with aggregate fair value of $45.0 million across reported categories as of June 30, 2026. Management noted the results are preliminary and unaudited and based on estimates pending completion of financial close procedures.

Financial Highlights

  • Combined derivative result for Q2 2026: approximately $57.5 million total gain (realized losses of ~$6.4M; unrealized mark‑to‑market gains of ~$63.9M).
  • Realized losses on settled derivative contracts during Q2 2026: approximately $6.4 million (cash settlements tied to crude oil, natural gas, NGLs and regional basis differentials).
  • Unrealized mark‑to‑market gain on outstanding derivative portfolio as of June 30, 2026: approximately $63.9 million (non‑cash).
  • Aggregate fair value by reported commodity categories (selected totals shown in tables): Oil swaps & collars net fair value ~$ (4,937) thousand for swaps and $3,031 thousand for collars; Natural Gas (NYMEX) swaps fair value ~$37,599 thousand; Natural Gas fixed basis swaps fair value ~$8,255 thousand; Natural Gas basis swaps fair value ~$(8,926) thousand; NGLs swaps fair value ~$5,061 thousand.
  • Company stated derivative contracts were entered pursuant to a board‑approved hedging strategy; disclosures are preliminary and unaudited.

Business Highlights

  • Hedging activity spans crude oil (WTI), NYMEX natural gas, fixed basis natural gas, regional basis differentials and NGLs with open positions scheduled to settle after June 30, 2026.
  • Open oil hedges cover 4,074 MBbls across 2026–2028 (swaps) and 532 MBbls in collars through 2027, providing price protection with weighted average swap price ~$65–71 per Bbl and collars with average ceiling/floor prices noted.
  • Natural gas hedges (NYMEX) total 159.547 million MMBtu across 2026–2030 with weighted average swap prices declining from $4.04 to $3.56 per MMBtu by 2030, reflecting multi‑year coverage of production exposure.
  • Fixed basis and basis swap positions reflect targeted management of regional differentials and transportation/pricing exposure in the Appalachian Basin, including stacked dry gas and Utica assets.
  • Company reiterated focus on Appalachian Basin operations (Utica Shale in eastern Ohio; Marcellus and Utica assets in southwestern Pennsylvania) while noting preliminary nature of the quarter’s financial and operating information.

Original SEC Filing:

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