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…
Infinity Natural Resources Goes Public January 30th, 2025 Priced Initial Public Offering 286 million(1) in proceeds 15.2 million(2) Shares issued (1) Total net proceeds from offering net of underwriting fees, but not…
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…
Infinity Natural Resources Overview Position with Significant Upside Premier Appalachian Footprint Disciplined, high-growth business in the Appalachian Ohio Utica Shale Marcellus & Utica Deep Dry Gas Basin with exposure to core oil…
Premier Appalachian Oil & Gas Company Top Tier Capital Efficiency; Direct Exposure to Utica Volatile Oil Window and PA Deep Dry Gas Utica 123,000 net horizon acres with 333(1) gross horizontal drilling locations(4) (implying 19 years of…
Leading Capital Efficiency 2023A Capital Efficiency Ratio(1)(2) (x) 8.2x Appalachian Peers Other 3.6x Infinity 3.2x 3.2x 3.2x 3.0x 2.4x 2.2x 2.1x 2.0x 1.9x 1.8x 1.7x 1.7x 1.6x 1.3x 1.3x 1.3x 1.1x 1.0x 0.9x 0.7x 0.6x 0.6x…
Track Record of Acquisition and Execution Company Highlights Company growth has been created through a combination of strategic acquisitions and acreage trades coupled with organic development and asset optimization Since its first…
Substantial Volumes Expected from 2025 Operations Operational Update Tortola Pad Turned to sales the four-well Stillion-Beros pad and the two-well Beros unit: Over 80k lateral feet in Guernsey County, Ohio Both developments…
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…
Recent Ohio Utica Oil Activity in the Industry Core Acreage Position INR & EOG Utica Well Results(1)(2) 6 Month BO/Ft Utica Shale 16.8 15.9 Other 14.8 14.7 12.3 11.4 11.3 11.0 10.9 10.7 10.4 10.2 10.1 10.1 9.7 9.4 8.7 8.1…
Demonstrated Outperformance Among Peers Technical prowess and cross-functional alignment delivers best-in-class results in Carroll County Top Carroll County Wells Since 2021(2) Carroll County Acreage Position IP90 bbls per day…
Technical Acumen Yields Consistent, Leading Results A benign depositional environment coupled with technological improvements and expertise promotes operational efficiency and repeatable results With Long-Lateral Development in Zone in…
Pennsylvania Operating Area Marcellus Dry Gas Acreage Position 2.1 TCF of natural gas reserves(3) and 113 locations with 5 DUCs that Received approved have an average lateral length of 14,000 feet Anegada Utica well permit Actively…
Operating Area: Utica Deep Dry Gas Utica Deep Dry Gas Acreage Position(2) 11 41 Gaut 4IHSU INR has 66 Utica locations 7 Shaw 1DHSU Total LL: 6,170 ft Total LL: 8,721 ft Status: Producing Acreage position affords Status: Producing…
Strong Balance Sheet and Financial Profile Financial Objectives Infinity Leverage Over Time Net Debt / LTM Adjusted EBITDAX(1) (x) Disciplined growth through development 1.1x of high-return drilling inventory 1.0x 0.9x 0.9x 0.9x…
Environmental, Social and Governance Infinitys ESG Focus Achievements Owns and operates modern, unconventional assets; minimal near-term P&A liability Diligent Tracking and Reporting Operates in highly regulated operating environment…
Appendix
Proven Senior Management Team Experienced management team with founders who have worked together for over a decade Zack Arnold: President and Chief Executive Officer David Sproule: Executive Vice President and Chief Financial…
Board of Directors Possess Wealth of Experience Steve Gray - Chairman Steven Cobb Katherine M. Gallagher Scott Gieselman Sarah James David Poole Billy Quinn Brian Seline Zack Arnold David Sproule 20
Non-GAAP Definitions Adjusted EBITDAX is defined as net income plus interest expense, net, income tax expense, depreciation, depletion, and amortization, unrealized gain (loss) on derivative instruments, net cash settlements received…
Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX Reconciliation(1) (in thousands, unless specified) For the Nine Months For the LTM Ended For the Year Ended Ended September 30, September 30, December 31, 2024 2023…