---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-25-000032"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:14:16.454873+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intrepid Potash Q3 net income $3.7M on strong pricing; Trio margins surge

## Summary
- Net income $3.7M ($0.28 diluted EPS) vs loss $1.8M in Q3 2024; adjusted net income $1.5M ($0.11/sh).
- Total sales $53.2M, down 7% YoY on lower oilfield solutions revenue; gross margin rose to $10.6M from $7.7M.
- Potash sales volumes up 15% to 62K tons; avg realized price $381/ton (+7%); production delayed for evaporation.
- Trio avg price $402/ton (+29% YoY) due to tight sulfate supply; gross margin $4.4M vs $0.6M; COGS per ton improved.
- Adjusted EBITDA $12.0M (up from $10.0M); 2025 capex guidance narrowed to $30-34M; HB AMAX permits expected Q1 2026.

## SEC filing metadata
- accession: 0001421461-25-000032
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2025-11-05T23:59:59+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/1421461/000142146125000032/0001421461-25-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146125000032/ipi-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-25-000032
- JSON: https://secwatch.observer/filing/0001421461-25-000032.json
- Plain text: https://secwatch.observer/filing/0001421461-25-000032.txt

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