---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-23-000021"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:37:53.764898+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intrepid Q2 net income $4.3M ($0.33 EPS) vs $23.7M; sales down 12% to $81.0M

## Summary
- Net income $4.3M ($0.33 diluted EPS) vs $23.7M ($1.74) in Q2 2022; gross margin $15.4M vs $41.8M.
- Total sales $81.0M (-12% YoY); potash avg realized price $479/ton (-35%), Trio $333/ton (-32%).
- Potash sales volume 79k tons (+41% YoY); Trio volume 63k tons (+7%); production down in both.
- Oilfield Solutions sales $5.1M (-32%); gross margin $1.3M vs $3.8M.
- Full-year 2023 capex guided $65-75M; liquidity $165.6M (cash $15.6M + undrawn credit line).

## SEC filing metadata
- accession: 0001421461-23-000021
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000142146123000021/0001421461-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146123000021/ipi-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-23-000021
- JSON: https://secwatch.observer/filing/0001421461-23-000021.json
- Plain text: https://secwatch.observer/filing/0001421461-23-000021.txt

## Key facts
- Earnings Releases
  Intrepid Potash, Inc. reported second quarter of 2023 results: revenue $81.0 million, net income $4.3 million, EPS $0.33 per diluted share.
  - Period: second quarter of 2023
  - Revenue: $81.0 million
  - Net income: $4.3 million
  - EPS: $0.33 per diluted share
  - Result: reported results
  source text: Intrepid generated second quarter 2023 sales of $81.0 million , a 12% decreas e from second quarter 2022 sales of $91.7 million. Consolidated gross margin in the second quarter of 2023 totaled $15.4 million, while net income totaled $4.3 million, or $0.33 per diluted share, 2 which compares to second quarter 2022 net income of $23.7 million, or $1.74 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000142146123000021/0001421461-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.