secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001421461-25-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146125000032/0001421461-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146125000032/ipi-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001421461-25-000032

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