secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001421461-26-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146126000012/0001421461-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146126000012/ipi-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001421461-26-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer