INFINITY NATURAL RESOURCES INC CLA (INR)
Energy · Independent Oil and Gas Exploration and Production · NYSE
Infinity Natural Resources is an independent oil and natural gas exploration and production company with operations in key North American basins including the Appalachian region.
What INFINITY NATURAL RESOURCES INC CLA does
Infinity Natural Resources is an independent exploration and production company engaged in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) from properties in key North American basins. The company operates through a full-cost methodology, conducting horizontal drilling and utilizing advanced technologies like 3D seismic data to identify and develop drilling prospects. The company recently acquired the Antero Ohio Assets through a joint operating partnership structure with Northern, significantly expanding its production and reserve base.
Themes: Natural gas and crude oil exploration and production, Horizontal drilling and resource development, Appalachian basin operations, Proved reserves development, Oil and gas commodity hedging
Fundamentals
- Price$14.88 as of 2026-08-21 close
- Market cap$874M as of 2026-08-24
- 1-year return+8.8% 2025-08-21 close $13.68 → 2026-08-21 close $14.88
- P/E18.51 as of 2026-08-24
- Net margin+11.1% as of 2026-08-24
- Gross margin+77.0% as of 2026-08-24
- ROE+16.8% as of 2026-08-24
- Debt / equity1.04 as of 2026-08-24
- Revenue growth (YoY)+23.8% as of 2026-08-24
- Revenue CAGR (3y)+48.5% SEC XBRL
- Beta-0.84 as of 2026-08-24
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
How INR compares in its sector
- price-to-earnings ratiomiddle range 118 covered Energy peers, as of 2026-08-24
- net profit marginmiddle range 149 covered Energy peers, as of 2026-08-24
- operating margintop 25% 149 covered Energy peers, as of 2026-08-24
- gross margintop 25% 142 covered Energy peers, as of 2026-08-24
- return on equitymiddle range 152 covered Energy peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 138 covered Energy peers
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How INFINITY NATURAL RESOURCES INC CLA looks technically
INFINITY NATURAL RESOURCES INC CLA (INR) is trading 1.6% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed below its 200-day average about 37 trading days ago — a "death cross", a bearish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 25 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 68, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-05-20, pushing above its recent trading range. It is 24.0% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 1.6% above its 200-day average, the long-term trend line — a longer-term uptrend | +1.6% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $13.14 | $13.14 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $14.65 | $14.65 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 22 calendar days ago — the swings before that are what the structure reading is measured on | 22 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 37 trading days ago — a "death cross", a bearish long-term signal | 37 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 1.6% above | +1.6% |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 25 (a reading of 25+ marks a strong trend) | 24.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 68, neither overbought (above 70) nor oversold (below 30) | 68.2 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($12.60 to $15.09) — its "stochastic" reading is 92 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 91.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 16 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $19.59 | $19.59 |
|---|---|---|
| From the 52-week high | it is 24.0% below its 52-week high (its highest price of the past year) | -24.0% |
| Above the 52-week low | it is 33.7% above its 52-week low (its lowest price of the past year) | +33.7% |
| Below the 52-week high | it is 24.0% below its highest point of the past year | 24.0% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-05-20, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day high, its first since 2026-05-20, pushing above its recent trading range | 1 session |
| All-time high | its highest closing price on record is $23.00 (set on 2025-01-31) | $23.00 |
| Given back of the 52-week move | over the past year its closes ranged ($11.20 to $19.23), and it has given back around half of its rise from last year’s low — 54% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $14.01 to $14.27. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 54.2% |
| From the all-time high | it is 35.3% below its all-time high | -35.3% |
| Nearest price level | it is trading 0.8% above a support level at $14.76 — a price it turned at four times since 2025-03-07, most recently on 2025-08-12. Since 2025-01-31 it has 6 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.8% |
| All-time low | its lowest closing price on record is $11.13 (set on 2025-11-06) | $11.13 |
| Above the all-time low | it is 33.7% above its all-time low | +33.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 80% of the past ~6 months) | 80th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.6449 between its high and its low — about 4.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.6449 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $12.00 and $14.97 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $12.00 – $13.49 – $14.97 |
| Typical daily range (% of price) | its price moves about 4.3% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.3% |
| Stretch from the 200-day average | it is trading 0.4 daily ranges above its 200-day average price (1.6% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.4 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.92× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 3 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 3 sessions ago |
|---|---|---|
| Since a bearish engulfing | 4 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 4 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | -0.1% |
|---|---|---|
| Gap filled | a 5.0% gap down opened on 2026-08-11 has been "filled" 8 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 8 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 4 sessions in a row, a +7.44% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 4 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 8.5 percentage points (the stock gained 10.9% while the market gained 2.3%) | +8.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 0.4 percentage points (the stock gained 3.5% while the market gained 3.1%) | +0.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 23.3 percentage points (the stock lost 12.2% while the market gained 11.1%) | -23.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 11.7 percentage points (the stock gained 8.8% while the market gained 20.5%) | -11.7% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.4% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thick, spanning 12.5% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | +0.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is sitting right on the average price paid so far this year, so the typical buyer over that stretch is roughly break-even. That average is $14.91 — a volume-weighted average of daily closes over 154 sessions, not a true tick-by-tick VWAP. | -0.2% |
|---|---|---|
| Vs the average paid since it last reported | the price is 11% above the average price paid since it last reported on 2026-07-17 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $13.41 — a volume-weighted average of daily closes over 26 sessions, not a true tick-by-tick VWAP. | +10.9% |
Price levels it has turned at before
INR last closed at $14.88 on 2026-08-21. Since 2025-01-31 it has turned at 6 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $14.76 | Support | 0.8% below the last close | turned there four times · 2025-03-07 to 2025-08-12 |
| $15.13 | Resistance | 1.7% above the last close | turned there twice · 2025-12-05 to 2026-04-17 |
| $15.47 | Resistance | 4.0% above the last close | turned there five times · 2025-07-31 to 2026-02-24 |
| $14.14 | Support | 5.0% below the last close | turned there three times · 2025-09-26 to 2026-05-14 |
| $13.84 | Support | 7.0% below the last close | turned there five times · 2025-04-07 to 2026-07-22 |
| $15.98 | Resistance | 7.4% above the last close | turned there twice · 2025-06-06 to 2025-07-18 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · Pulled back from the 12-month high · Broke out to a new 20-day high · lagging the market · At the top of its 14-day range (stochastic above 80) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.13 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
- Mean price target$22.63 range $18.00 – $27.00; median $23.00
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for INR
- Consensus EPS estimate$0.858 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Integration risks associated with the recently acquired Antero Ohio Assets, including management disruption, unforeseen liabilities, and potential inability to realize anticipated cost savings and strategic benefits.","Drilling and exploration risk: wells may not yield oil, natural gas, or NGLs in commercially viable quantities, and seismic data interpretation is subject to error and cannot guarantee hydrocarbon presence, which could result in significant losses and reserve write-downs.","Capital requirements and financing risk: substantial capital expenditures are required for drilling programs and development; if cash flows are lower than expected or financing cannot be obtained on satisfactory terms, production and reserves could decline materially."]
What changed in the latest 10-Q
AI-assisted comparison of INR's 10-Q filed 2026-05-12 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
- Added:
- Added reference to '2025 Form 10-K' instead of '2024 Form 10-K' in forward-looking statements section (2026-05-12 filing)
- Added description of 'gathering' operations in Overview: 'gathering of hydrocarbons' and 'gathering and transportation capacity' (2026-05-12 filing)
- Added specific geopolitical events: 'including in the Middle East, Venezuela, Russia and Ukraine' and 'military conflict involving the United States, Israel and Iran escalated in the Middle East' in February-March 2026 (2026-05-12 filing)
- Added commodity price ranges for Q1 2026: WTI crude oil $60.04-$91.38 per Bbl and Henry Hub natural gas $2.98-$7.49 per MMBtu (2026-05-12 filing)
- Added quarterly price table with 2025 Q4 and 2026 Q1 data; updated table to show oil prices of $59.64 (Q4 2025) and $71.98 (Q1 2026), and gas prices of $3.55 (Q4 2025) and $5.05 (Q1 2026) (2026-05-12 filing)
- Added new 'Recent Developments' section with Chase Acquisition details dated January 20, 2026 (2026-05-12 filing)
- Added Preferred Stock Transaction details from February 23, 2026 involving $350 million issuance to Quantum and Carnelian (2026-05-12 filing)
- Added Antero Acquisition details from February 23, 2026 for $720.0 million purchase price (2026-05-12 filing)
- Added Notes Offering details from March 20, 2026 (2026-05-12 filing)
- Added 'Factors That Significantly Affect Comparability' section with Antero Acquisition and Full-Period Versus Partial-Period Effects explanations (2026-05-12 filing)
- Removed:
- Removed description of 'approximately 95,600 net surface acres with exposure to the core of the Marcellus and Utica Shale plays' from Overview (2025-11-10 filing)
- Removed references to specific 2024 market conditions: 'Concerns of global economic growth, inflation, the Federal Reserve's recent decisions to adjust interest rates, OPEC+'s recent decisions to increase production' (2025-11-10 filing)
- Removed discussion of 2024 natural gas price drivers: 'mild winter weather, liquefied natural gas project delays and higher than expected natural gas production' (2025-11-10 filing)
- Removed commodity price ranges for January 1-September 30, 2025 period: WTI $62.17-$75.74 per Bbl and Henry Hub $2.87-$3.96 per MMBtu (2025-11-10 filing)
- Removed quarterly price table showing 2024 data (Q1-Q4 2024) and 2025 Q1-Q3 data (2025-11-10 filing)
- Removed inflation discussion paragraph: 'Due to the cyclical nature of the oil and gas industry...oilfield costs typically lag and do not adjust downward as fast as commodity prices do...heightened for the remainder of 2025 due to concerns over global trade wars' (2025-11-10 filing)
- Removed 'Recent Developments' section detailing share repurchase program authorized November 10, 2025 for up to $75.0 million (2025-11-10 filing)
- Removed 'Public Company Expenses' subsection estimating $4-6 million per year in incremental G&A expenses (2025-11-10 filing)
- Removed 'Corporate Reorganization' subsection discussing predecessor INR Holdings financial statements (2025-11-10 filing)
- Removed 'Interest Expense' subsection describing IPO-related debt reduction (2025-11-10 filing)
- Removed 'Income Taxes' subsection discussing predecessor LLC structure (2025-11-10 filing)
- Reworded:
- Changed 'acquisition, development, and production' to 'acquisition, development, production and gathering' in Overview (2026-05-12 vs 2025-11-10)
- Changed Overview description from 'We have amassed approximately 95,600 net surface acres with exposure to the core of the Marcellus and Utica Shale plays' to 'Our operations are focused on the Utica Shale in eastern Ohio as well as our dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania' (2026-05-12 vs 2025-11-10)
- Changed 'stacked development inventory that leverages shared infrastructure and operational efficiencies' language added to Overview (2026-05-12 filing)
- Changed commodity price discussion from discussing 2024-2025 historical conditions to discussing Q1 2026 conditions and 'macroeconomic uncertainty, changes to the regulatory environment and geopolitical instability and tensions' (2026-05-12 vs 2025-11-10)
- Changed time period reference from 'January 1, 2025 through September 30, 2025' to 'January 1, 2026 through March 31, 2026' for commodity price ranges (2026-05-12 vs 2025-11-10)
- Notes:
- The newer filing (2026-05-12) covers Q1 2026 period while the older filing (2025-11-10) covers Q3 2025 period, which explains temporal differences in Recent Developments sections
- The older filing's 'Recent Developments' section discussing share repurchase program was replaced with entirely different acquisition and financing activities in the newer filing
- Table page numbers differ: older filing shows 'Table of Contents' at page 24, newer filing at page 29, suggesting document length changes
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
9 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 90 days9 buys ($2M) · 0 sells — 4 buying insiders
- Last 180 days11 buys ($2M) · 0 sells — 4 buying insiders
Cluster buying: 4 different insiders reported open-market purchases (SEC code P) of INR within a 30-day window between 2026-05-22 and 2026-06-17. Disclosed Form 4 activity, not a prediction of performance or a buy signal.
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-17. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about INR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding INR as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 2,101,802
- Reported value $37,012,733
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 5 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
INR had 2,970,988 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for INR because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 2,970,988
- Prior settlement (shares) 2,938,178
- Reported change 1.12%
- Days to cover (reported) 9.65
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Antero Resources (AR)
- EQT Corporation (EQT)
- Range Resources (RRC)
- Southwestern Energy (SWN)
- CNX Resources (CNX)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare INR vs…
Frequently asked questions
What does INFINITY NATURAL RESOURCES INC CLA (INR) do?
Infinity Natural Resources is an independent exploration and production company engaged in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) from properties in key North American basins. The company operates through a full-cost methodology, conducting horizontal drilling and utilizing advanced technologies like 3D seismic data to identify and develop drilling prospects.
What sector is INFINITY NATURAL RESOURCES INC CLA (INR) in?
INFINITY NATURAL RESOURCES INC CLA (INR) is classified in the Energy sector. Its industry is Independent Oil and Gas Exploration and Production. It trades on NYSE.
Who are INFINITY NATURAL RESOURCES INC CLA's (INR) competitors?
Notable peers of INFINITY NATURAL RESOURCES INC CLA (INR) include Antero Resources, EQT Corporation, Range Resources, Southwestern Energy and CNX Resources. This peer set is informational only — not financial advice.
Is INFINITY NATURAL RESOURCES INC CLA (INR) overbought or oversold right now?
INFINITY NATURAL RESOURCES INC CLA (INR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 68, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on INR come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.