Natural Resources, Inc. (NYSE: INR) released its third quarter financial report slightly lower than analysts' expectations, but its stock price rose 3.7% in after hours trading on Monday after the company announced a $75 million share buyback plan.

This Appalachian Basin oil and gas producer had adjusted earnings per share of $0.65 in the third quarter, slightly lower than analysts' expectations of $0.67. The company achieved strong production growth, with a total net daily output increasing by 39% compared to the same period last year, reaching 36.0 MBoe/d（ Thousands of barrels of oil equivalent per day, while natural gas production surged by 70% year-on-year.

Investors have responded positively to the newly authorized $75 million share repurchase plan, and the company stated that considering the current stock price, this is an opportunistic way to create meaningful value for shareholders.

We delivered outstanding operational performance in the third quarter INR President and CEO Zack Arnold express. The production line put into operation enabled the company to achieve a daily net output of 47.9% in October MBoe/d Our record continues to enhance our position as a leading oil and gas producer in the Appalachian Basin. "

The company has narrowed its annual production guidance to 33.5 to 35 MBoe/d， Focus on the high-end of the previous scope. INR The development capital budget for 2025 will also be tightened to $270 million to $292 million.

INR Reported net income of $40 million, adjusted EBITDAX For 60 million US dollars, after adjustment EBITDAX The profit margin is $18.12 per barrel of oil equivalent.

The company's product portfolio consists of approximately 22% petroleum, 14% natural gas liquids, and 64% natural gas. INR Ten wells were put into production this quarter, including six oil based wells in Ohio and four natural gas based wells in Pennsylvania.