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Infinity Natural Resources, Inc. ("Infinity" or the "Compan...

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Infinity Natural Resources, Inc. ("Infinity" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/INR">INR</a>) today announced the appointment of Timothy Dugan to its Board of Directors (the "Board") on July 13, 2026.

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Mr. Dugan brings more than four decades of leadership experience across the Appalachian energy industry, having served as a chief executive officer, chief operating officer and public company director. His background spans upstream operations, midstream infrastructure, capital allocation and strategic transactions, providing the Board with extensive operational and industry expertise.

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"Tim is a highly respected executive in the Appalachian energy industry, with a proven track record of building high-quality businesses, creating shareholder value and leading organizations through periods of growth and strategic transformation," said Zack Arnold, President and Chief Executive Officer of Infinity. "Having had the opportunity to work alongside Tim earlier in my career, I have seen firsthand his leadership, operational expertise and strategic judgment and look forward to working with him again. His decades of experience across our basin and thoughtful leadership will be invaluable as we continue executing our long-term strategy. We are pleased to welcome Tim to our Board."

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Mr. Dugan most recently served as President and Chief Executive Officer of Olympus Energy, where he led the company through its successful sale to EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EQT">EQT</a>). Previously, he served as Executive Vice President and Chief Operating Officer of CNX Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNX">CNX</a>), where he also served as Chief Operating Officer and a director of CNX Midstream Partners LP.

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Over a career spanning more than 40 years, Mr. Dugan has led large-scale upstream development programs, overseen midstream infrastructure and played a key role in strategic transactions across the Appalachian Basin. Earlier in his career, he held senior operational and engineering roles at Chesapeake Energy, Equitable Production Company and Cabot Oil &amp; Gas Corporation. Mr. Dugan holds a Bachelor of Science degree in Chemical Engineering from the University of Pittsburgh.

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<b xmlns="http://www.w3.org/1999/xhtml">About Infinity</b>

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Infinity (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/INR">INR</a>) is a growth oriented, independent energy company focused on the acquisition, development, production and gathering of hydrocarbons in the Appalachian Basin. Our operations are focused on the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania.

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Thomas Marchetti
<br xmlns="http://www.w3.org/1999/xhtml"></br>Vice President, Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>Infinity Natural Resources, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:ir@infinitynr.com" shape="rect">ir@infinitynr.com</a>

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Infinity Natural Resources Appoints Timothy Dugan to Board of Directors

Infinity Names Dugan to Board, Signaling Appalchian Growth and Governance Focus

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;
Infinity Natural Resources, Inc. (&quot;Infinity&quot; or the &quot;Compan...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Infinity Natural Resources announced the July 13, 2026 appointment of Timothy Dugan to its board. Dugan brings four decades in the Appalachian energy sector, including leadership roles at Olympus Energy and CNX Resources. The addition could bolster governance and strategic execution as Infinity pursues Utica and Marcellus growth, though no immediate financial impact or guidance was provided.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Infinity appoints Dugan to its Board on July 13, 2026. Experienced in Appalachia leadership.</li><li>Dugan led Olympus Energy’s sale to EQT; former CNX COO.</li><li>Board adds seasoned operator with upstream and midstream expertise.</li><li>Infinity focuses on Utica and Marcellus assets, seeking long-term growth.</li><li>CEO cites Dugan as valuable for governance and strategic execution.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Infinity Natural Resources, Inc. (INR)</strong>: Board appointment may support strategic execution in the Appalachian Basin.</li><li><strong>EQT Corporation (EQT)</strong>: Olympus Energy was sold to EQT; Dugan led the sale, signaling potential strategic fit with Infinity.</li><li><strong>CNX Resources Corporation (CNX)</strong>: Dugan previously EVP/COO; CNX background could bolster Infinity&#039;s operational oversight.</li><li><strong>CNX Midstream Partners LP (CNXM)</strong>: Dugan served as COO and director; midstream insight may aid Infinity&#039;s infrastructure planning.</li><li><strong>Olympus Energy (Private)</strong>: Led by Dugan; sale to EQT demonstrates deal-making capability relevant to execution.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Board additions are material governance events that can influence capital allocation, strategic direction, and long-term value creation, particularly for growth-focused Appalachian energy plays like Infinity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Board appointment could improve governance and strategic execution over time.</li><li>No near-term capital moves or earnings guidance disclosed.</li><li>Appalachian Basin expertise may enhance capital allocation and project execution.</li><li>Possible valuation re-rating if governance translates into higher ROIC and growth.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of board appointment: July 13, 2026.</li><li>Timothy Dugan has four decades of leadership in the Appalachian energy sector.</li><li>Former CEO of Olympus Energy; led its sale to EQT Corporation.</li><li>Previously EVP and COO of CNX Resources; director of CNX Midstream Partners.</li><li>Infinity focuses on Utica Shale (eastern Ohio) and stacked dry gas assets in Marcellus/Utica (PA).</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Longer-term upside potential as governance improves; near-term price impact is limited.</p>
  </section>
</section>


<article>
  <section>
    <p><strong>Infinity Natural Resources, Inc.</strong> ("Infinity" or the "Company") (NYSE: INR) today announced the appointment of Timothy Dugan to its Board of Directors (the "Board") on July 13, 2026.</p>
  </section>

  <section>
    <p>Mr. Dugan brings more than four decades of leadership experience across the Appalachian energy industry, having served as a chief executive officer, chief operating officer and public company director. His background spans upstream operations, midstream infrastructure, capital allocation and strategic transactions, providing the Board with extensive operational and industry expertise.</p>
  </section>

  <section>
    <p>"Tim is a highly respected executive in the Appalachian energy industry, with a proven track record of building high-quality businesses, creating shareholder value and leading organizations through periods of growth and strategic transformation," said Zack Arnold, President and Chief Executive Officer of Infinity. "Having had the opportunity to work alongside Tim earlier in my career, I have seen firsthand his leadership, operational expertise and strategic judgment and look forward to working with him again. His decades of experience across our basin and thoughtful leadership will be invaluable as we continue executing our long-term strategy. We are pleased to welcome Tim to our Board."</p>
  </section>

  <section>
    <p>Mr. Dugan most recently served as President and Chief Executive Officer of Olympus Energy, where he led the company through its successful sale to EQT Corporation (NYSE: EQT). Previously, he served as Executive Vice President and Chief Operating Officer of CNX Resources Corporation (NYSE: CNX), where he also served as Chief Operating Officer and a director of CNX Midstream Partners LP.</p>
  </section>

  <section>
    <p>Over a career spanning more than 40 years, Mr. Dugan has led large-scale upstream development programs, overseen midstream infrastructure and played a key role in strategic transactions across the Appalachian Basin. Earlier in his career, he held senior operational and engineering roles at Chesapeake Energy, Equitable Production Company and Cabot Oil & Gas Corporation. Mr. Dugan holds a Bachelor of Science degree in Chemical Engineering from the University of Pittsburgh.</p>
  </section>

  <section>
    <h3>Key Facts at a Glance</h3>
    <ul>
      <li><strong>Appointment date:</strong> July 13, 2026</li>
      <li><strong>Board role:</strong> Director</li>
      <li><strong>Stock symbol:</strong> INR (NYSE)</li>
      <li><strong>Industry focus:</strong> Appalachian Basin, Utica Shale, Marcellus Shales</li>
    </ul>
  </section>

  <section>
    <h2>About Infinity</h2>
    <p>Infinity (NYSE: INR) is a growth oriented, independent energy company focused on the acquisition, development, production and gathering of hydrocarbons in the Appalachian Basin. Our operations are focused on the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania.</p>
  </section>

  <section>
    <p>Thomas Marchetti<br>Vice President, Investor Relations<br>Infinity Natural Resources, Inc.<br>Email: <a href="mailto:ir@infinitynr.com" rel="nofollow">ir@infinitynr.com</a></p>
  </section>
</article>

Infinity Natural Resources announced the July 13, 2026 appointment of Timothy Dugan to its board. Dugan brings four decades in the Appalachian energy sector, including leadership roles at Olympus Energy and CNX Resources. The addition could bolster governance and strategic execution as Infinity pursues Utica and Marcellus growth, though no immediate financial impact or guidance was provided.

Infinity Natural Resources Appoints Timothy Dugan to Board of Directors

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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