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Infinity Natural Resources Appoints New CFO and SVP of Finance
Infinity Natural Resources announced the appointment of Cary Baetz as Executive Vice President and Chief Financial Officer and Andrew Judge as Senior Vice President of Finance, with both effective August 12, 2026. "As Infinity continues to grow across Appalachia, we're building a leadership team with the depth and experience to match our ambitions," said Zack Arnold, President and Chief Executive Officer of Infinity. "Cary has a strong track record raising capital, leading companies through significant transactions, and building the financial infrastructure to support the kind of growth we expect. Andrew brings deep in-basin upstream knowledge and a proven ability to secure capital, evaluate M&A opportunities, and build strong investor relationships." David Sproule, the Company's current Executive Vice President and Chief Financial Officer, has resigned from his position as Executive Vice President and Chief Financial Officer with the Company, effective August 12, 2026. Mr. Sproule's resignation is not a result of any disagreement with the Company on any matter relating to the Company's operations, financial statements, policies, or practices.
Infinity Reports Q2 Revenue of $171.02M, Beating Consensus
Reports Q2 revenue $171.02M, consensus $166.18M. "Our second quarter results reflect continued strong execution of our strategic plan across our Appalachian portfolio, as we delivered strong production growth, advanced development across both our Utica and Marcellus positions, and began developing the assets we acquired earlier this year," said Zack Arnold, President and CEO of Infinity. "During the quarter, we successfully turned in line our first wells from the acquired Antero acreage and moved a rig onto the assets to develop another pad, demonstrating our ability to rapidly incorporate new assets into our development program while maintaining operational execution. We also drilled our first deep dry gas Utica vertical pilot well and lateral, an important step in further evaluating the long-term value and development potential of this emerging opportunity."
Infinity Reaffirms 2026 Capital and Production Guidance
Infinity is reaffirming its 2026 capital & production guidance from its fourth quarter 2025 earnings press release. Infinity's capital budget for 2026 is $450 million to $500 million related to development activities, including drilling and completions and midstream. Net production is expected to be between 345 and 375 MMcfe/d for 2026, with natural gas expected to be between 235 and 255 MMcfe/d and oil and liquids expected to be between 18 and 20 Mbbls/d.
Infinity Reports Derivative Gains of Approximately $57.5 Million for the Quarter
For the quarter ended June 30, Infinity recognized realized losses associated with settled derivative contracts of approximately $6.4M. These results reflect cash settlements tied to financial contracts referencing crude oil prices, natural gas prices, natural gas liquids prices and regional basis differentials. In addition to the cash settlements recorded during the quarter, the Company recorded non-cash mark-to-market unrealized gains in its outstanding derivative portfolio of approximately $63.9M. These unrealized gains arise from the periodic revaluation of open derivative positions using prevailing forward commodity price curves at the end of the reporting period. Because these unrealized adjustments reflect changes in the market value of contracts that remain open, they do not represent current-period cash inflows or outflows but instead reflect the accounting remeasurement of the Company's derivative portfolio. Overall, the combined effect of realized settlements and unrealized valuation changes resulted in a total derivative gain of approximately $57.5M for the quarter. These derivative contracts were entered into pursuant to our board approved hedging strategy.
Qualcomm Shares Drop Over 11% as Investors Worry About AI Demand
High-flying semiconductors and memory names were some of the worst-hit stocks on Tuesday as investors - fretting over the speed of the AI and data center demand frenzy - pulled back on Tech exposure. The worst performer in the S&P 500 - Qualcomm- was down over 11% after the stock's advance of 87% in just 3 weeks at its highs overnight. Intel, Sandisk, Western Digitaland Micron,were down 7%, 6%, 5%, and 4% respectively, though all four names remain in the top 10 ranking in terms of S&P 500's best performers for the year. The rotation from high-momentum to value benefited the Healthcare space, which was the best performing sector in the benchmark today but remains the index's worst sector for the year - Humanawas a standout here with a gain of over 7%, as the stock has now nearly doubled from its late-March lows.Sentiment is cautious in the evening session as S&P e-minis and Nasdaq 100 contracts are both flat. In commodities, WTI Crude Oil remains bid just below $102 per barrel as Middle East tension remains unresolved while base metals continue to trend higher as traders adjust to re-heating inflation expectations, with Copper up for the 4th straight session above $6.60.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Velo3Dup 22.3%SELLAS Life Sciences Groupup 14.4%Nextpowerup 10.5%Arterisup 7.0%ALSO HIGHER -Energy Vaultup 5.1% after announcing strategic development agreement with EskomDOWN AFTER EARNINGS -Karman Holdingsdown 10.4%Resideo Technologiesdown 7.3%Infinity Natural Resourcesdown 7.2%Astronicsdown 5.4%Paysigndown 3.8%Kura Oncologydown 2.1%Oklodown 1.5%
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