Intrepid Potash Inc (IPI)
NYSE:IPI
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.45Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated clear improvement in operational execution, pricing realization, and profitability, with notable increases in adjusted net income and EBITDA, stronger realized prices for potash and Trio, higher production, and a substantial $70 million asset sale that boosted liquidity. Management outlined ongoing operational projects and detailed 2026 guidance while flagging short-term COGS seasonality, fuel volatility, some mix-driven higher potash unit costs, and outstanding work required to de-risk lithium and other upside projects. Overall, positive operational momentum and a strengthened balance sheet outweigh the manageable near-term cost and execution risks.Company Guidance
Improved Profitability and EBITDA
Adjusted net income from continuing operations of $8.2 million in Q1 2026 versus $3.9 million in Q1 2025 (≈+110% YoY). Adjusted EBITDA of $19.0 million versus $14.6 million in Q1 2025 (≈+30% YoY).
Higher Realized Pricing
Average potash net realized sales price of $353/ton in Q1 2026, up 13% YoY (from $312/ton). Average Trio net realized sales price of $387/ton, up 12% YoY (from $345/ton). Posted potash prices increased by $20/ton and Trio pricing was increased by $15/ton late March (reflected in Q2 spot).
Strong Sales Volumes and Production
Combined potash and Trio sales volumes of 211,000 tons in Q1 (105,000 tons potash; 106,000 tons Trio) — the second-highest quarterly sales total since idling the West Mine in 2016. Potash production of 104,000 tonnes in Q1 versus 93,000 in 2025 (≈+11.8% YoY).
Trio Operational and Margin Performance
Trio production of 69,000 tons in Q1, a 10% increase YoY. Trio segment margin of $14.8 million, up $4.4 million YoY (highest quarterly Trio margin since 2022). Trio COGS improved to $229/ton versus $235/ton in Q1 2025 (≈-2.6% YoY). Trio sales of $52.5 million, up $2.7 million YoY (≈+5.4%). 2026 Trio production guidance of 285,000–300,000 tonnes with expected COGS around $230/ton.
Operational Improvements Driving Efficiency
Commissioning of a new continuous miner increased tons per operating hour and mill recoveries. HB mine and Moab reported higher mill recoveries and improved pond deposition, enabling extended run time and higher throughput. Wendover Primary Pond 7 beginning to contribute and Primary Pond A construction planned for summer 2026 (production gain expected in 2028).
Significant Asset Monetization and Strong Liquidity
Sale of majority of Intrepid South Ranch assets to HydraSource Logistics LLC for $70 million (including $8 million deposit). Company reported an approximate cash balance of $170 million post-transaction and expects interest income on invested cash balances. Proceeds expected to provide optionality for sustaining capital, organic projects, and potential strategic returns to shareholders.
Clear 2026 Capital and Production Guidance
2026 capital program expected at $40–50 million (primarily sustaining capital at East Mine and beginning pond work at Wendover). Potash annual production expected at the upper end of guidance (270,000–285,000 tons) given operational improvements. Q2 guidance: potash sales 50,000–60,000 tonnes at $380–$390/ton, Trio sales 70,000–80,000 tonnes at $390–$400/ton.
Progress on Lithium Project Development
Partners advancing FEL-3 engineering and permitting work; FEL-3 milestone expected early summer to clarify engineering, capital, and operating cost precision. Initial project volumes referenced ~5,000 tonnes LCE in a couple of years if developed as expected.
IPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $37.67 | $38.61 | +2.50% |
Mar 04, 2026 | $36.06 | $39.87 | +10.57% |
Nov 05, 2025 | $26.18 | $23.94 | -8.56% |
Aug 06, 2025 | $31.03 | $29.40 | -5.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Intrepid Potash Inc (IPI) report earnings?
Intrepid Potash Inc (IPI) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Intrepid Potash Inc (IPI) earnings time?
Intrepid Potash Inc (IPI) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is IPI EPS forecast?
IPI EPS forecast for the fiscal quarter 2026 (Q2) is 0.38.