secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001421461-25-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146125000014/0001421461-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146125000014/ipi-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001421461-25-000014

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