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4Q 2024 Earnings Presentation – Infinity Natural Resources

Infinity Natural Resources · Mar 1, 2025 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 1
    4th Quarter 2024 Earnings Presentation March 2025
  2. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 2
    Disclaimer Forward-Looking Statements. This presentation contains forward-looking statements that express the Companys opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future…
  3. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 3
    Initial Public Offering Highlights January 30th, 2025 Priced Initial Public Offering (IPO) 286 million(1) in Proceeds 15.2 million(2) Shares Issued via IPO 60.9 million(3) Total Shares Outstanding (1) Total net…
  4. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 4
    Premier Appalachian Operator with Balanced Inventory Infinity Natural Resources Overview Key INR Statistics Unique Appalachian Footprint Top Tier Inventory with Leading Capital Efficiency Ohio Utica Shale Marcellus & Utica Deep Dry Gas…
  5. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 5
    Balanced Inventory Accommodates All Commodity Environments INR optimizes the value of its resources with significant inventory within two distinct acreage positions that are uniquely oil and gas focused Gas-Weighted Pennsylvania Dry…
  6. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 6
    Recent Operational Activity Operational Update Pennsylvania Drilling Operations Opportunistically constructed and currently drilling a natural gas focused pad in Pennsylvania Targeting over 54k lateral feet in the Marcellus Shale…
  7. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 7
    Q4 and Full Year 2024 Highlights Production Highlights Financial Highlights Turned in line six oil weighted wells and 14 oil weighted wells in the Q4 2024 FY 2024 volatile oil window of Ohios Utica Shale during the 4th quarter 2024…
  8. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 8
    High Returns and Low Finding Cost Yields Leading Capital Efficiency 2024A Capital Efficiency Ratio(1)(2) (x) Leading capital efficiency among Appalachian peers 3.0x INR three-year average capital efficiency of 3.5x 2.6x 2.1x…
  9. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 9
    Low Leverage Provides Operational and Financial Flexibility Financial Profile and Commentary Leverage Benchmarking vs Select Natural Gas Peers Year-End 2024 Net Debt(3) / 2024A Adjusted EBITDAX(1)(2) Target net leverage of less than…
  10. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 10
    2025 Outlook and Guidance Drilling & Completion Capital Expenditures: 240 million - 280 million Midstream Capital Expenditures: 9 million - 12 million Total Net Daily Production: 32 35 MBoe/d Representing growth of approximately 40%…
  11. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 11
    Environmental, Social and Governance Infinitys ESG Focus Achievements Owns and operates modern, unconventional assets; minimal near- Diligent Tracking and Reporting term P&A liability Operates in highly regulated operating…
  12. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 12
    Investment Highlights Core Acreage with Deep, High-Return Drilling Inventory Across Commodities Disciplined, Low-Cost Operator Generating Top Tier Well Results Strategic Long-Term Growth Driven by Deep Appalachian Roots…
  13. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 13
    Appendix
  14. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 14
    Reserves Summary Total Proved Reserves Total Proved Developed Reserves (Net MMBoe) (Net MMBoe) 170 68 69 142 83 33 YE '22 YE '23 YE '24 YE '22 YE '23 YE '24 Inventory Replacement (Stick Count) Reserve Categories…
  15. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 15
    Hedge Book Overview FY 2025 FY 2026 FY 2027 Q1 Q2 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 Q4 2027 WTI Fixed Price Swaps Crude Oil Total Volume (Bbl) 633,800 582,800 551,000 419,600 2,187,200 131,000 124,000 116,000 107,000 478,000 - -…
  16. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 16
    Hedge Book Overview FY 2025 FY 2026 FY 2027 Q1 Q2 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 Q4 2027 Ethane Fixed Price Swaps Ethane Total Volume (Gallons) 3,293,000 3,033,500 2,828,000 2,625,000 11,779,500 2,300,000 2,190,000 1,796,000…
  17. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 17
    Non-GAAP Definitions Adjusted EBITDAX is defined as net income plus interest, net, income tax expense, depreciation, depletion, and amortization, unrealized gain (loss) on derivative instruments, net cash settlements received (paid) on…
  18. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 18
    Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX Reconciliation (in thousands, unless specified) For the Year Ended For the Three Months Ended December 31, Ended December 31, 2024 2023 2024 2023 Net Income 49,286…
  19. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 19
    Reconciliation of PV-10 to Standardized Measure of Oil and Gas PV-10 Reconciliation (in thousands, unless specified) December 31, 2024 2023 2022 Future cash inflows 4,181,440 3,865,302 3,116,373 (1) Future development costs…
  20. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 20
    Reconciliation of All-In F&D All-In F&D (in thousands, unless specified) December 31, 2024 2023 2022 Acquisition costs: Proved properties 19,172 274,732 2,066 Unproved properties 89,174 1,047 - Development costs 165,795…
  21. 4Q 2024 Earnings Presentation – Infinity Natural Resources – slide 21
    Reconciliation of Capital Efficiency Capital Efficiency (in thousands, unless specified) December 31, 2024 2023 2022 Adjusted EBITDAX 195,719 126,494 75,971 Adjusted EBITDAX Margin ( / Boe) 22.20 18.33 23.54 All-In F&D ( /…

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