---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-25-000020"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:04:03.649278+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Intrepid Potash Q2 net income $3.3M, adjusted EBITDA $16.4M, cuts production outlook

## Summary
- Total sales $71.5M, net income $3.3M ($0.25 diluted), adjusted EBITDA $16.4M (up ~75% YoY).
- Potash volumes up 25% to 69k tons; avg price down 11% to $361/ton; COGS per ton improved 13% to $337.
- Trio volumes up 11%, avg price up 17% to $368/ton; gross margin $8.1M vs $2.2M last year.
- Cuts 2025 potash production forecast to 270k-280k tons (from 285k-295k) due to weather & AMAX brine delay.
- Cash $87M, no borrowings on $150M revolver; 2025 capex guided $32-37M.

## SEC filing metadata
- accession: 0001421461-25-000020
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000142146125000020/0001421461-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146125000020/ipi-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-25-000020
- JSON: https://secwatch.observer/filing/0001421461-25-000020.json
- Plain text: https://secwatch.observer/filing/0001421461-25-000020.txt

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