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Aug. 5, 2026 Source: Intrepid Potash news release DENVER -- Intrepid Potash, Inc. ("Intrepid", "the Company", "we", "us", or "our") (NYSE:IPI) today reported its results for the second quarter of 2026. Second Quarter Highlights & Management Commentary *Supportive pricing, stable Trio® sales volumes, and continued improvement in Trio® margins drove improved profitability in the second quarter of 2026, highlighted by: *Expanded gross margin by 35% compared with the prior-year quarter despite slightly lower sales from continuing operations. *Increased full-year 2026 production guidance for potash to 290-300 thousand tons and Trio ® to 295-305 thousand tons. Lowest Trio ® COGS per ton since Q4 2019. *Increased net income to $15.6 million including $13.2 million gain on sale of Intrepid South, compared with $3.3 million in the second quarter of 2025. *Reported net income from continuing operations of $2.4 million, up from $1.4 million in the prior year quarter. *Delivered Adjusted EBITDA (1) from continuing operations of $17.5 million, up from $13.8 million in the second quarter of 2025. *Completed the sale of Intrepid South for $68.9 million, including $62.0 million of cash proceeds received during the second quarter of 2026. *Lowered full-year 2026 capital expenditure guidance to approximately $40 million. *Expanded the Company's share repurchase authorization to $50 million. Kevin Crutchfield, Intrepid's Chief Executive Officer, commented: "We delivered improved profitability in the second quarter, reflecting supportive markets, disciplined execution, and continued progress across our core fertilizer portfolio. Trio® performed particularly well, with higher production, improved unit costs, and stronger margins as demand for chloride-free, sulfate-containing nutrients continued to benefit from supportive market conditions. "In potash, higher production and improved pricing helped offset lower sales volumes. For both Trio® and potash, we are raising our full-year production outlook based on the operating progress achieved to date. "We remain focused on the areas within our control--operating safely, improving reliability and efficiency, and delivering value from our core assets. With a strong balance sheet, increased production guidance for both potash and Trio, lower expected capital expenditures, and an expanded share repurchase authorization, we believe Intrepid is well positioned to build on our momentum through the remainder of 2026." To read the entire report click hrer. Tweet |
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