Intrepid Potash Q1 net income from continuing operations more than doubles to $6.9 million; sales rise 4% to $98.7 million

Intrepid Potash, Inc.

Intrepid Potash, Inc.

IPI

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  • Intrepid Potash reported first-quarter sales from continuing operations of USD 98.7 million, while net income from continuing operations more than doubled to USD 6.9 million.
  • Gross margin widened to USD 17.7 million from USD 13.3 million.
  • Cash flow from continuing operations climbed to USD 21.3 million from USD 6.8 million, with cash and cash equivalents at USD 99.3 million and no outstanding borrowings on its USD 150 million revolver.
  • Potash average net realized sales price per ton rose 13% to USD 353, while Trio average net realized sales price per ton increased 12% to USD 387.
  • Sold most Intrepid South Ranch assets to HydroSource Logistics for USD 70 million, while Trio production outlook for FY 2026 set at 285,000-300,000 tons after commissioning a new continuous miner at East Mine.


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