IPI Intrepid Potash, Inc.
Price Chart
Executive Summary
Intrepid Potash reported Q1 2026 adjusted EPS of $0.62 (29% beat vs $0.48 consensus) and revenue of $98.7M (12% beat vs $88.3M), driven by higher potash prices and Trio margin expansion. The company also completed the $70M sale of Intrepid South Ranch on April 1, 2026, eliminating a segment and bolstering its no-debt balance sheet to $99.3M cash.
Actionable Insight
The strong beat and asset sale significantly de-risk the balance sheet and simplify the business to pure-play fertilizer. Monitor Q2 for continued margin improvement and any update on the Wendover lithium project. The stock should re-rate higher given improved fundamentals.
Key Facts
- Q1 2026 revenue from continuing operations: $98.7M vs $94.5M YoY (+4.4%)
- Adjusted EPS from continuing operations: $0.62 vs $0.30 YoY
- Adjusted net income from continuing operations: $8.2M vs $3.9M YoY
- Completed sale of Intrepid South Ranch on April 1, 2026 for $70M cash
- Cash and cash equivalents: $99.3M, no debt on $150M credit facility
- Trio segment gross margin improved to $14.8M from $10.4M YoY on higher pricing
Financial Impact
Earnings beat consensus by 29% on adjusted EPS and 12% on revenue; $70M asset sale strengthens balance sheet to $99.3M cash, no debt.
Risk Factors
- Potash and Trio prices are commodity-driven and subject to volatility
- Trio sales volumes declined 4% YoY despite higher revenue
- Potash segment COGS per ton increased to $334 from $313 YoY, pressuring margins
- Lithium project remains early stage with no near-term revenue
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001421461-26-000012 |
| Document: ipi-20260506.htm | 0001421461-26-000012 |
| Document: 0001421461-26-000012-index-headers.html | 0001421461-26-000012 |
| Document: 0001421461-26-000012-index.html | 0001421461-26-000012 |
| Document: 0001421461-26-000012.txt | 0001421461-26-000012 |
| 8-K Data (Synthetic) | 0001421461-26-000012 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
6d ago
|
8-K
| $37.18 $34.96 | ▼ −5.97% | ▼ −3.37% | $34.67 (−6.75%) |
|
May 6, 2026
4w ago
|
8-K
| $38.61 $38.61 | · 0.00% | ▼ −0.83% | $34.67 (−10.20%) |
|
Apr 17, 2026
7w ago
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DEFA14A
| $35.78 $36.98 | ▲ +3.35% | ▲ +4.01% | $34.67 (−3.10%) |
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Mar 4, 2026
13w ago
|
8-K
| $39.87 $42.53 | ▲ +6.67% | ▲ +7.99% | $34.67 (−13.04%) |
US Market Status
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