IPI
Intrepid Potash, Inc.26.25
-0.35-1.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
352.46MP/E (TTM)
-Basic EPS (TTM)
-15.20Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Intrepid Potash swung to profitability in Q2 FY2025 ended June 30, 2025, posting $71.5M sales up 15% y/y and $14.3M gross margin, more than doubling from $7.6M, while operating income hit $3.3M versus a $1.6M loss. Potash and Trio® segments drove the surge, with sales up 13% and 25% y/y on 25% and 11% higher volumes, despite 11% and 17% softer net prices per ton; costs per ton fell thanks to ramped production spreading fixed expenses. Cash swelled to $85.0M from operations, with $50.9M YTD operating cash flow and full $150M revolver availability, no debt outstanding. Yet Trio® impairments persist at $1.2M, tied to fair value shortfalls. Tariffs loom as a wildcard, hiking input costs amid trade flux.
8-K
Q2 sales up 15%, EBITDA soars
Intrepid Potash reported Q2 2025 results on August 6, with total sales climbing 15% to $71.5 million and adjusted EBITDA surging 78% to $16.4 million, fueled by higher potash and Trio volumes despite softer prices. Potash sales hit 69 thousand tons at $361 per ton, while Trio reached 70 thousand tons at $368 per ton, lifting gross margins. Yet weather at the HB facility will trim 2025 potash output to 270k-280k tons.
8-K
Stockholders approve directors, auditors
Intrepid Potash's stockholders convened virtually on May 29, 2025, with 83.82% turnout approving key matters. Mary E. McBride and Barth E. Whitham secured Class II director seats for three years, despite some withheld votes. KPMG LLP's appointment as auditors passed overwhelmingly, while executive pay approval drew mixed support. Governance continuity holds firm.
10-Q
Q1 FY2025 results
Intrepid Potash swung to operating income of $5.0M in Q1 FY2025 ended March 31, 2025, up from a $4.3M loss y/y, driven by sales climbing 23% y/y to $97.8M on higher potash and Trio volumes despite softer prices. Gross margin expanded to $14.6M from $6.4M y/y, fueled by 39% more potash tons sold and 21% more Trio tons, with per-ton costs dropping on ramped production; diluted EPS hit $0.35, reconciling to 13.1M shares. Cash from operations fell to $10.9M from $41.5M y/y, yet quarter-end cash stood at $45.7M with $150M revolver availability and no debt outstanding. The CDA Amendment with XTO added $1.1M in other operating income. Water rights litigation lingers as a key risk.
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