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Infinity Natural Resources expands Appalachian footprint with equity acquisition

Story Highlights
  • Infinity Natural Resources acquired Chase Oil’s South Bend field working interest in an all-stock, $36 million deal.
  • The bolt-on adds immediate gas production, future drilling inventory and advances Infinity’s consolidation strategy in Appalachia.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Infinity Natural Resources expands Appalachian footprint with equity acquisition

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Infinity Natural Resources, Inc. Class A ( (INR) ) has issued an announcement.

On January 20, 2026, Infinity Natural Resources completed an all-stock acquisition of Chase Oil Corporation’s non-operated working interest in Infinity’s South Bend field in Pennsylvania, issuing 2,517,194 Class A shares valued at roughly $36 million in a private transaction exempt from SEC registration. The deal, effective January 1, 2026, adds 18 producing wells generating about 14 MMcf/d of net natural gas output as of December 2025, three in-progress wells expected online in the first half of 2026, and future inventory across 40 gross Marcellus and 38 gross Utica locations on 1,613 net acres in each play, bolstering Infinity’s core dry gas position in Armstrong and Indiana Counties and marking its first use of equity as acquisition currency following its recently announced $1.2 billion Antero Ohio transaction; management highlighted that the bolt-on is expected to provide immediate production and EBITDA uplift and to be accretive in 2026 and 2027, reinforcing the company’s post-IPO strategy of consolidation in the Appalachian Basin.

The most recent analyst rating on (INR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Infinity Natural Resources, Inc. Class A stock, see the INR Stock Forecast page.

Spark’s Take on INR Stock

According to Spark, TipRanks’ AI Analyst, INR is a Neutral.

The score is held back primarily by weaker recent profitability and consistently negative free cash flow despite strong revenue growth and improving leverage. Positively, the latest earnings call showed strong production momentum, raised guidance, and a share repurchase program, while technical signals are mixed and valuation is less supportive due to a negative P/E.

To see Spark’s full report on INR stock, click here.

More about Infinity Natural Resources, Inc. Class A

Infinity Natural Resources, Inc. (NYSE: INR) is a growth-oriented, independent energy company focused on the acquisition, development and production of hydrocarbons in the Appalachian Basin. The company’s operations center on the Utica Shale in eastern Ohio and stacked dry gas assets in the Marcellus and Utica Shales in southwestern Pennsylvania, with an emphasis on generating free cash flow from its natural gas-focused portfolio.

Average Trading Volume: 370,021

Technical Sentiment Signal: Strong Sell

Current Market Cap: $825.5M

Learn more about INR stock on TipRanks’ Stock Analysis page.

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