Every 10-Q that Intrepid Potash Inc (IPI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IPI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IPI filings page.
Intrepid Potash, Inc. reported Q2 2026 sales of $66,685 (in thousands) and net income of $15,577 (in thousands), up from $3,263 (in thousands) a year earlier, largely due to the completed sale of Intrepid South, which is reported as discontinued operations.
From continuing operations, net income increased to $2,395 (in thousands) from $1,376, as higher average net realized prices lifted margins: potash reached $391 per ton and Trio® $389 per ton. Gross margin improved to $16,649 (in thousands) from $12,361 despite slightly lower total sales and weaker byproduct revenue.
Cash and cash equivalents rose to $184,994 (in thousands) from $83,537 at year‑end, supported by $55,339 (in thousands) of operating cash flow from continuing operations and Intrepid South proceeds. The company extended its $150,000 (in thousands) revolving credit facility to 2031 with no borrowings outstanding but recorded a $5,000 (in thousands) water‑rights loss contingency and now carries $12,300 (in thousands) of total contingent liabilities.
Intrepid Potash, Inc. generated stronger results for the quarter ended March 31, 2026, with sales of $98.7 million and net income of $7.4 million, up from $4.6 million a year earlier. Net income from continuing operations was $6.9 million, reflecting higher pricing in both potash and Trio®.
Potash average net realized price rose to $353 per ton from $312, while Trio® increased to $387 per ton from $345, offset partly by weaker byproduct and brine-related sales. Gross margin improved to $17.7 million from $13.3 million, despite slightly higher costs.
Operating cash flow more than doubled to $23.2 million, supporting a cash and cash equivalents balance of $99.3 million and no borrowings on a $150 million revolver, whose maturity was extended to 2031. The Board approved the sale of the Intrepid South business, treated as discontinued operations, with $70 million of consideration received around the closing on April 1, 2026.
Intrepid Potash (IPI) reported a return to profitability in Q3 2025. Revenue was $53.2 million versus $57.5 million a year ago, while net income reached $3.7 million compared with a prior-year loss. Gross margin improved to $10.6 million from $7.7 million as costs eased. Diluted EPS was $0.28.
Nine-month performance strengthened. Revenue rose to $222.5 million from $198.9 million, and net income was $11.6 million versus a loss last year. Operating cash flow was $46.9 million, supporting cash and cash equivalents of $77.2 million at September 30, 2025. The company reported no borrowings on its $150 million revolver and remained in covenant compliance.
Mix shift and segment detail. Q3 potash sales were $32.5 million and Trio® $18.1 million, delivering segment gross margins of $6.3 million and $4.4 million, respectively. Oilfield solutions revenue declined to $2.7 million, with a small gross deficit. Other operating income included $1.1 million recognized under the XTO cooperative development agreement; $2.3 million current and $43.8 million long-term remain deferred. The company recorded contingent liabilities of $4.0 million, including amounts related to an unpermitted brine discharge and other items, and closed a $3.5 million federal royalties matter.
Intrepid Potash, Inc. (IPI) 10-Q for quarter ended June 30, 2025: Consolidated sales were $71.5 million for Q2 and $169.2 million for the six months, up from $62.1 million and $141.3 million year-ago. Gross margin improved to $14.3 million in Q2 and $28.9 million YTD. Net income was $3.3 million in Q2 and $7.9 million for the six months, compared with a $3.96 million loss YTD in 2024. Cash and cash equivalents were $85.0 million at June 30, 2025, versus $41.3 million at year-end 2024; no borrowings outstanding under the $150 million revolving credit facility.
Key operational and risk points: Inventory (net) declined to $129.3 million; property, plant and equipment, net $336.3 million. Reportable segments (Potash, Trio®, Oilfield Solutions) showed stronger Trio® margins. Material contingencies include a final New Mexico Supreme Court decision affecting Pecos River water rights (repayment exposure unspecified), a class action alleging unpaid PPE wages (claims in excess of $5.0 million), and an estimated $2.2 million liability for an unpermitted brine discharge.