---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-25-000014"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:00:25.509960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Q1 net income $4.6M vs loss of $3.1M YoY; adjusted EBITDA doubles to $16.6M

## Summary
- Total sales $97.8M (+23% YoY); net income $4.6M ($0.35 diluted EPS) vs net loss $(3.1M) prior year.
- Adjusted EBITDA $16.6M ($0.39 adjusted diluted EPS), roughly double prior year $7.7M.
- Potash sales volumes 103K tons (+39% YoY); avg realized price $312/ton (-21%). Trio volumes 110K tons (+21%); price $345/ton (+15%).
- Trio gross margin $10.4M, improving from deficit of $1.1M prior year; potash gross margin $2.5M vs $5.6M.
- Cash $66M, no revolver borrowings; 2025 capex guidance reaffirmed $36-42M; HB AMAX sample well permitting ongoing.

## SEC filing metadata
- accession: 0001421461-25-000014
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1421461/000142146125000014/0001421461-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146125000014/ipi-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-25-000014
- JSON: https://secwatch.observer/filing/0001421461-25-000014.json
- Plain text: https://secwatch.observer/filing/0001421461-25-000014.txt

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