INFINITY NATURAL RESOURCES Business Summary

Infinity Natural Resources, Inc. (INR) is a private independent exploration and production (E&P) company focused on the acquisition, development, and exploitation of unconventional natural gas and oil assets within the Appalachian Basin, specifically targeting the Utica and Marcellus shale plays. The company’s revenue model is driven by the extraction and sale of natural gas, natural gas liquids (NGLs), and crude oil through long-term midstream gathering agreements and regional spot market transactions. INR’s primary business segments include upstream development and strategic asset management, utilizing advanced horizontal drilling and multi-stage hydraulic fracturing to optimize production from its core acreage in Ohio and Pennsylvania. In the regional market, INR competes directly with large-cap producers such as EQT Corporation, Antero Resources, and Range Resources. Positioned as a high-growth, private-equity-backed operator, INR distinguishes itself through operational agility and a disciplined acquisition strategy, targeting high-quality, non-core assets divested by larger public entities to achieve superior capital efficiency. The company is led by a management team with extensive operational and technical expertise in the Appalachian region. Zack Arnold serves as President and Chief Executive Officer, bringing a deep pedigree from his previous leadership roles at Rice Energy and EQT Corporation, where he oversaw large-scale shale development programs. The executive suite is further bolstered by seasoned professionals with backgrounds in petroleum engineering and energy finance from top-tier E&P firms, emphasizing a data-centric approach to reservoir optimization. INR is a portfolio company of Pearl Energy Investments, a prominent Dallas-based private equity firm specializing in the energy industry. This partnership provides INR with substantial financial liquidity and a board of directors comprised of veteran energy investors, facilitating the company’s aggressive expansion through large-scale acquisitions and technical innovation in the field.