Significant Increase in Adjusted EBITDA and Net Income
Intrepid reported adjusted EBITDA of $16.4 million and adjusted net income of $6 million for Q2 2025, compared to the previous year's adjusted EBITDA of $9.2 million and adjusted net loss of $40,000.
Potash and Trio Production Growth
Year-to-date production of potash and Trio increased by 8% each compared to the same period in 2024, with improvement in cost of goods sold per ton by 12% and 18% respectively.
Strong Potash Segment Performance
Potash segment saw a 25% increase in sales volumes and a 13% improvement in cost of goods sold, resulting in the best quarterly segment gross margin in over a year.
Trio Segment Success
Trio production rates and mill recoveries exceeded expectations, with a 10% improvement in cost of goods sold per ton compared to Q2 2024.
Oilfield Solutions Segment Contribution
This segment maintained steady performance with revenue of $4.3 million and gross margin of 30%.