Roth Capital Highlights Strategic Expansion for Infinity Natural Resources (INR) Following Ohio Utica Acquisition

Core Viewpoint - Infinity Natural Resources Inc. is identified as a promising investment opportunity, particularly following its recent acquisition in the Ohio Utica Shale, which enhances its operational control and inventory [1][2]. Group 1: Acquisition Details - Infinity Natural Resources announced a $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources Corporation and Antero Midstream Corporation [2]. - The acquisition includes approximately 71,000 net acres in Ohio's Guernsey, Belmont, and Harrison counties, which produced around 133 MMcfe/d as of Q3 2025, with a composition of 81% gas and 19% liquids [3]. - The deal adds over 110 undeveloped laterals totaling 1.6 million lateral feet and 764 billion cubic feet of undeveloped reserves, increasing Infinity's total controlled horizontal acreage in Ohio to approximately 102,000 net acres with 1.4 Tcfe of undeveloped net reserves [3]. Group 2: Financial Implications - Roth Capital raised the price target for Infinity Natural Resources to $18 from $17, maintaining a Buy rating, indicating confidence in the company's growth potential following the acquisition [1]. - Northern Oil & Gas Inc. will acquire a 49% interest in the assets for $588 million, leaving Infinity with a 51% interest for a net purchase price of $612 million [2]. Group 3: Company Overview - Infinity Natural Resources focuses on acquiring, exploring, and developing properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States [4].