Intrepid demonstrated strong financial performance with significant improvements in Trio production and cost efficiency. However, the company faces challenges with lower potash production and reduced activity in its Oilfield Solutions segment. Overall, the positive aspects of financial performance and market trends outweigh the challenges.

Company Guidance

During Intrepid Potash, Inc.'s third quarter 2025 earnings call, the company reported a net income of $3.7 million and an adjusted EBITDA of $12 million, a significant improvement from the previous year's net loss of $1.8 million and adjusted EBITDA of $10 million. Year-to-date adjusted EBITDA was $45 million, marking the best performance since 2015. The strong results were driven by higher pricing in Potash and Trio and improved unit economics due to increased production. Potash's cost of goods sold (COGS) per ton improved by 9% to $327, and Trio's by 15% to $238. The company also highlighted a favorable market environment, with corn and soybean futures up by 15% since August lows, and resilient demand in the potash market projected to continue through mid-2027. Looking ahead, Intrepid expects Trio production to reach 285,000 to 295,000 tons in 2026, driving a 5% to 7% improvement in per unit costs. Despite a challenging environment in Oilfield Solutions, Intrepid's balance sheet remains strong with $74 million in cash and no debt. The company plans to focus on operational efficiencies and capital investments to sustain growth.

Strong Financial Performance

Intrepid reported a net income of $3.7 million and adjusted EBITDA of $12 million for Q3 2025, compared to a net loss of $1.8 million and adjusted EBITDA of $10 million in the previous year.

Improved Cost Efficiency

Potash cost of goods sold improved by 9% to $327 per ton, and Trio's cost of goods sold improved by 15% to $238 per ton.

Positive Market Trends

U.S. agriculture market is improving with corn and soybean futures up by 15% since August lows, supported by a new trade deal with China.

Trio Production and Sales Growth

Trio production exceeded expectations with a forecast of 70,000 to 75,000 tons for 2026, and Q3 gross margin of $4.4 million was approximately $4 million higher than last year.

Debt-Free Balance Sheet

Intrepid maintains a debt-free status with a cash position of roughly $74 million.

Intrepid Potash (IPI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IPI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 09, 2026	2025 (Q4)	0.22 / -	-0.11	―	―	―
Nov 05, 2025	2025 (Q3)	0.18 / 0.11	-0.02	650.00% (+0.13)	―
Aug 06, 2025	2025 (Q2)	0.19 / 0.45	0	―	―
May 05, 2025	2025 (Q1)	-0.05 / 0.39	-0.14	378.57% (+0.53)	―
Mar 03, 2025	2024 (Q4)	-0.04 / -0.11	-0.41	73.17% (+0.30)	―
Nov 04, 2024	2024 (Q3)	-0.13 / -0.02	-0.53	96.23% (+0.51)	―
Aug 05, 2024	2024 (Q2)	<0.01 / 0.00	0.33	―	―
May 08, 2024	2024 (Q1)	-0.13 / -0.14	0.37	-137.84% (-0.51)	―
Mar 06, 2024	2023 (Q4)	-0.21 / -0.41	0.83	-149.40% (-1.24)	―
Nov 08, 2023	2023 (Q3)	-0.11 / -0.53	0.97	-154.64% (-1.50)	―

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
Nov 05, 2025	$26.18	$23.94	-8.56%
Aug 06, 2025	$31.03	$29.40	-5.25%
May 05, 2025	$32.57	$38.19	+17.26%
Mar 03, 2025	$24.61	$24.13	-1.95%

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 Mar 09, 2026, Before Open (Confirmed).

What is Intrepid Potash Inc (IPI) earnings time?

Intrepid Potash Inc (IPI) earnings time is at Mar 09, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is IPI EPS forecast?

IPI EPS forecast for the fiscal quarter 2025 (Q4) is 0.22.

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