---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-24-000021"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:32:16.253490+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intrepid Potash Q1 net loss $3.1M; sales down 9% YoY; CEO on medical leave

## Summary
- Sales $79.3M (down 9% YoY); net loss $0.24/diluted share vs net income $0.35 prior year.
- Adjusted EBITDA $7.7M vs $16.4M; potash avg net realized price $395/ton (down 19%).
- Trio sales volume 91k tons (+40% YoY); Trio segment gross deficit $1.1M vs margin $1.5M.
- CEO Bob Jornayvaz on temporary medical leave; CFO Matt Preston appointed acting principal executive officer.
- Cash from ops $41.5M incl $45M from XTO; liquidity $196.5M; FY2024 capex guidance $40-50M.

## SEC filing metadata
- accession: 0001421461-24-000021
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2024-05-08T23:59:59+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/1421461/000142146124000021/0001421461-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146124000021/ipi-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-24-000021
- JSON: https://secwatch.observer/filing/0001421461-24-000021.json
- Plain text: https://secwatch.observer/filing/0001421461-24-000021.txt

## Key facts
- Earnings Releases
  Intrepid Potash, Inc. reported the first quarter of 2024 results: revenue $79.3 million, net income Net loss of $3.1 million (or $0.24 per diluted share), EPS $0.24 per diluted share.
  - Period: the first quarter of 2024
  - Revenue: $79.3 million
  - Net income: Net loss of $3.1 million (or $0.24 per diluted share)
  - EPS: $0.24 per diluted share
  - Result: reported results
  source text: In the first quarter of 2024, Intrepid generated sales of $79.3 million , a 9% decreas e from first quarter 2023 sales of $86.9 million. Consolidated gross margin totaled $6.4 million, while net loss totaled $3.1 million, or a net loss of $0.24 per diluted share, which compares to first quarter 2023 net income of $4.5 million, or $0.35 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000142146124000021/0001421461-24-000021-index.htm

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