Intrepid Potash, Inc. Announces First Quarter 2026 Results

Intrepid Potash, Inc. ("Intrepid", "the Company", "we", "us", or "our") (NYSE:IPI) today reported its results for the first quarter of 2026.


First Quarter Highlights & Management Commentary

Supportive prices, resilient demand for potash and Trio®, and continued improvement in Trio® margins led to another quarter of strong financial results, highlighted by:

- Sales from continuing operations of $98.7 million;

- Net income from continuing operations of $6.9 million, or $0.52 per diluted share;

- Adjusted net income from continuing operations(1) of $8.2 million, or $0.62 per diluted share; and

- Adjusted EBITDA(1) of $19.0 million.

Kevin Crutchfield, Intrepid's Chief Executive Officer, commented: "We started 2026 with a great quarter and I want to thank our entire team for their commitment to safety and hard work. Our first quarter net income from continuing operations of $6.9 million and adjusted EBITDA of $19.0 million validates our focus on consistent execution across our core fertilizer business.

Combined potash and Trio® sales volumes were 211 thousand tons, our second highest quarterly sales total since idling the West mine in 2016. Trio® continues to be our strongest segment, as we posted the highest quarterly margin for the segment since 2022. Prices remained supportive in the spring and our investments in operational efficiency showed their worth as per-ton costs improved 5% compared to Q4.

Overall, potash market fundamentals remain constructive and the U.S. agriculture market has shown resiliency despite uncertainty from rising input costs. As we redouble our focus on core operations to serve these markets and to unlock the value of all the critical minerals we produce, the future is bright for Intrepid."


Key Financial & Operational Metrics Summary

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