---
schema_version: "secwatch.filing_event.v1"
accession: "0001421461-26-000012"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:35:51.363261+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Intrepid Potash Q1 net income $6.9M, adj. EBITDA $19.0M; sells South Ranch for $70M

## Summary
- Net income from cont ops $6.9M ($0.52 diluted); adj. net income $8.2M ($0.62) vs $3.4M ($0.26) YoY.
- Sales from cont ops $98.7M (+4% YoY); combined potash+Trio volumes 211k tons (second highest since 2016).
- Trio gross margin $14.8M, highest since 2022; Trio avg price $387/ton (+12% YoY).
- Sold majority of South Ranch to HydroSource for $70M on Apr 1, 2026; oilfield solutions no longer a reportable segment.
- FY2026 capex guidance $40-50M; Trio production 285-300k tons; $99.3M cash, no debt on $150M revolver.

## SEC filing metadata
- accession: 0001421461-26-000012
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000142146126000012/0001421461-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000142146126000012/ipi-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421461-26-000012
- JSON: https://secwatch.observer/filing/0001421461-26-000012.json
- Plain text: https://secwatch.observer/filing/0001421461-26-000012.txt

## Source-grounded claims
- claim_id: f4b527f96121ffc09c8bdee7011f119f9f418bb5
  claim: Intrepid Potash, Inc. reported first quarter of 2026 results: revenue $98.7 million, net income $6.9 million, EPS $0.52 per diluted share.
  evidence_excerpt: for potash and Trio ® , and continued improvement in Trio ® margins led to another quarter of strong financial results, highlighted by: • Sales from continuing operations of $98.7 million ; • Net income from continuing operations of $6.9 million , or $0.52 per diluted share; • Adjusted net income from continuing operations (1) of $8.2 million , or $0.62 per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000142146126000012/0001421461-26-000012-index.htm

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