---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-24-000010"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:31:26.252193+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intrepid Potash Q4 net loss $37.3M on $42.8M impairment; sales down 15% for 2023

## Summary
- Full-year 2023 sales $279M vs $338M in 2022; net loss $35.7M ($2.80/sh) includes $43.3M impairment.
- Adjusted EBITDA 2023 $41.6M; adjusted net loss $3.0M. Potash avg realized price $466/ton (-35% YoY).
- Received $50M upfront from XTO amendment; additional guaranteed $50M payment and up to $100M possible.
- Cash $35.4M as of March 1, 2024; liquidity $185.4M with zero revolver borrowings.
- 2024 capex guidance $40-50M; HB solution mine projects on track for higher production from H2 2024.

## SEC filing metadata
- accession: 0001421461-24-000010
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2024-03-06T23:59:59+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/1421461/000142146124000010/0001421461-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146124000010/ipi-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-24-000010
- JSON: https://secwatch.observer/filing/0001421461-24-000010.json
- Plain text: https://secwatch.observer/filing/0001421461-24-000010.txt

## Key facts
- Earnings Releases
  Intrepid Potash, Inc. reported fourth quarter and full-year 2023 results: revenue Total sales of $56.7 million in the fourth quarter and $279.1 million for the full-year 2023., net income Net loss of $37.3 million (or $2.91 per diluted share) and $35.7 million (or $2.80 per diluted share) in the fourth quar, EPS $2.91 per diluted share and $2.80 per diluted share, respectively.
  - Period: fourth quarter and full-year 2023
  - Revenue: Total sales of $56.7 million in the fourth quarter and $279.1 million for the full-year 2023.
  - Net income: Net loss of $37.3 million (or $2.91 per diluted share) and $35.7 million (or $2.80 per diluted share) in the fourth quar
  - EPS: $2.91 per diluted share and $2.80 per diluted share, respectively
  - Result: reported results
  source text: Intrepid Potash, Inc. issued a press release announcing its financial results and operating highlights for the fourth quarter and full year ended 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000142146124000010/0001421461-24-000010-index.htm

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