Description of Infinity Natural Resources Inc's Business Segments
The company operates a single reportable segment focused on the acquisition, exploration, development, and production of crude oil and natural gas within the United States. All sales of oil and natural gas are to customers located in the United States. Revenue is primarily derived from interests in crude oil and natural gas production sales. The chief executive officer, serving as the chief operating decision maker (CODM), manages the business as one operating and reporting segment, using net income to evaluate segment profit or loss, assess performance, and allocate capital resources. Segment assets correspond to total assets reported on the balance sheet. Major expense categories include gathering, processing, and transportation; lease operating; production and ad valorem taxes; depreciation, depletion, and amortization; general and administrative expenses; and other segment income and expenses, which encompass net interest expense, gains or losses on derivative instruments, other income or losses, and income tax expense or benefit. Detailed total revenues and expenses for the years ended December 31, 2025, 2024, and 2023 are provided in the accompanying table.
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