Intrepid Potash, Inc.

Intrepid Announces Third Quarter 2026 Results

Intrepid Potash reported Q3 2026 sales of $51.0 million, roughly flat year-over-year, with net income from continuing operations of $1.7 million ($0.13 per diluted share) versus $0.7 million ($0.05) a year ago. Adjusted EBITDA rose to $11.7 million from $10.7 million, and Trio gross margin jumped 33% on better pricing and lower per-ton costs; the company raised full-year Trio production guidance to 305-315 thousand tons and lifted its Trio list price $30 to $440 per ton. The balance sheet carries $161.4 million of net cash and short-term investments, and the company accelerated buybacks under an expanded $50 million authorization, repurchasing ~88 thousand shares for $3.0 million through October 31. Intrepid was also selected by the USDA for approximately $139 million in proposed FIELDS program matching funding to support a potential 220-thousand-ton sulfate of potash facility near Carlsbad, New Mexico, with a final investment decision targeted for late 2027.

•5d ago

Intrepid Selected for USDA Matching Grant Award to Support Carlsbad Sulfate of Potash Project

Intrepid Potash was selected by the USDA for approximately $139 million in proposed matching funding under the FIELDS program to support a sulfate of potash manufacturing facility near Carlsbad, New Mexico. The planned facility would have annual capacity of about 220,000 tons and would add a new specialty fertilizer product alongside Trio® and potash. The project remains early-stage: it still requires final engineering, completion of the award process, fulfillment of grant conditions, and a final investment decision targeted for late 2027.

•13d ago

Intrepid Announces Second Quarter 2026 Results

Intrepid Potash reported Q2 2026 sales of $66.7 million, slightly lower than the prior year, while gross margin expanded 35% to $16.6 million driven by improved pricing and lower Trio production costs. Adjusted EBITDA increased 27% year-over-year to $17.5 million and adjusted net income rose to $7.4 million, supported by a $13.2 million gain on the completed sale of Intrepid South. Management raised full-year production guidance for both potash and Trio, lowered capital expenditure expectations to approximately $40 million, and expanded the share repurchase authorization to $50 million.

•3mo ago

Intrepid Potash Announces Appointment of Jason Tremblay as Chief Financial Officer

Intrepid Potash appointed Jason Tremblay as Chief Financial Officer, effective June 15, 2026. Mr. Tremblay joins from The Mosaic Company, where he served as Vice President of Enterprise Strategy & Business Support, bringing nearly three decades of experience in the mining and crop nutrition sectors. CEO Kevin Crutchfield highlighted that Tremblay's expertise in capital allocation and strategic leadership will be instrumental in enhancing operating efficiency and delivering shareholder value.

•4mo ago

Intrepid Potash Announces Expansion of Common Stock Repurchase Plan

Intrepid Potash’s Board of Directors approved an expansion of its common stock repurchase program, increasing the authorized amount to $50 million from the original $35 million established in February 2022. The company noted that approximately $13 million remains available under the prior authorization, meaning the net new capital return capacity is roughly $37 million. CEO Kevin Crutchfield stated the move reflects confidence in the company’s long-term potential and strengthened balance sheet, while also noting management is evaluating organic growth initiatives and potential inorganic opportunities.

•5mo ago

American Critical Minerals Receives Final BLM Potash Prospecting Permits for 2026 Drill Program at Green River Project

American Critical Minerals (APCOF) received final BLM and Utah state permits for seven drill holes at its Green River Project in Utah, clearing the way for a 2026 exploration program. The company posted a $549,000 reclamation bond to cover the drilling, which targets potash, lithium, and bromine in the Paradox and Leadville formations. The project is located near Intrepid Potash’s (IPI) Moab Solution Mine, providing regional stratigraphic context, though IPI is not directly involved in this transaction.

•5mo ago

Intrepid Announces First Quarter 2026 Results

Intrepid Potash reported strong Q1 2026 results with sales of $98.7 million and net income more than doubling to $6.9 million compared to the prior year. Adjusted EBITDA increased 30% year-over-year to $19.0 million, driven by supportive prices and margin expansion in the Trio segment. The company also completed the sale of its South Ranch assets for $70 million in cash, bolstering its balance sheet with $99.3 million in cash and no outstanding debt.

•6mo ago