Intrepid Potash Inc
NYSE:IPI

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Intrepid Potash Inc Logo
Intrepid Potash Inc
NYSE:IPI
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Price: 27.61 USD 0.29% Market Closed
Market Cap: 370.8m USD

Intrepid Potash Inc
Investor Relations

Intrepid Potash, Inc. engages in the delivery of potassium, magnesium, sulfur, and salt essential. The company is headquartered in Denver, Colorado and currently employs 440 full-time employees. The company went IPO on 2008-04-22. The firm delivers potassium, magnesium, sulfur, salt, and water products to agriculture, animal feed and the oil and gas industry. The firm's segments include potash, Trio, and oilfield solutions. The company sells potash into three primary markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. Trio is its specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. The company produces Trio in premium, granular, standard, and fine standard sizes. The company also offers potassium chloride (KCl) real-time mixing services on location for hydraulic fracturing operations and trucking services. The firm also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Strong Profitability: Intrepid delivered net income of $3.7 million in Q3, reversing a loss from last year, and posted its best year-to-date adjusted EBITDA since 2015, excluding 2022’s record pricing.

Operational Improvements: Both Potash and Trio segments saw cost reductions, with significant production improvements in Trio driving better unit economics.

Sales Momentum: The company reported strong order books for both Potash and Trio heading into Q4, supported by successful fill programs and robust pricing.

Guidance & Outlook: Management reaffirmed 2026 Trio production guidance of 70,000–75,000 tons per quarter and expects Potash costs per ton to rise 5–7% next year due to weather-related supply impacts.

Capital Allocation: Intrepid is prioritizing reinvestment in core assets and operational reliability over immediate shareholder returns, with further updates on capital returns pending greater cash flow consistency.

Oilfield Solutions Headwinds: Lower water sales and oilfield activity pressured margins in the segment, with expectations for continued softness into early 2026.

Key Financials
Net Income
$3.7 million
Adjusted EBITDA
$12 million
Year-to-date Adjusted EBITDA
$45 million
Potash Cost of Goods Sold per ton
$327 per ton
Trio Cost of Goods Sold per ton
$238 per ton
Potash Average Net Realized Sales Price
$381 per ton
Potash Sales Volumes (Q3)
62,000 tons
Potash Production (Q3)
41,000 tons
Potash Segment Gross Margin (Q3)
$6.3 million
Potash Segment Gross Margin (Year-to-date)
$13.6 million
Trio Sales Volumes (Q3)
36,000 tons
Trio Average Net Realized Sales Price
$402 per ton
Trio Production (Q3)
70,000 tons
Trio Segment Gross Margin (Q3)
$4.4 million
Trio Segment Gross Margin (Year-to-date)
$23 million
Trio Cost of Goods Sold per ton (Q3)
$257 per ton
Cash Position
$74 million
Capital Expenditures (2025)
$30–34 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Matthew D. Preston
CFO & Acting Principal Executive Officer
No Bio Available
Ms. Christina C. Sheehan
General Counsel & Corporate Secretary
No Bio Available
Mr. Cris Ingold
Chief Accounting Officer
No Bio Available
John Richardson
Director of Investor Relations
No Bio Available
Mr. Zachry Adams
Vice President of Sales & Marketing
No Bio Available
Mr. Evan Mapes C.F.A.
Investor Relations Manager
No Bio Available

Contacts

Address
COLORADO
Denver
1001 17th St Ste 1050
Contacts