Infinity Natural Resources, Inc. (NYSE: INR) reported a total derivative loss of approximately $64.4 million for the third quarter of 2026. The company disclosed this preliminary figure in a press release dated October 14, 2026, which was filed with the SEC on the same date.
The loss is broken down into two components: realized losses and unrealized losses. For the quarter ended September 30, 2026, the company recognized realized losses of about $1.2 million associated with settled derivative contracts. These settlements involved cash payments tied to financial contracts referencing crude oil prices, natural gas prices, natural gas liquids (NGLs) prices, and regional basis differentials.
In addition to the realized losses, Infinity recorded non-cash mark-to-market unrealized losses of approximately $63.2 million. These losses arise from the periodic revaluation of open derivative positions using prevailing forward commodity price curves at the end of the reporting period. The company notes that these unrealized adjustments reflect accounting remeasurements of the derivative portfolio and do not represent current cash inflows or outflows.
The company states that the derivative contracts were entered into pursuant to a board-approved hedging strategy. The filing includes detailed tables summarizing the company's open derivative contracts scheduled to settle after September 30, 2026. These tables cover various commodities, including oil (WTI), natural gas (NYMEX and fixed basis), and NGLs, detailing volume, weighted average prices, and fair values as of September 30, 2026.
The information provided in the press release is preliminary and unaudited. Final amounts for the three months ended September 30, 2026, will be reported in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2026.
