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Intrepid Potash

IPI

Intrepid Potash is a diversified mineral company and the sole producer of muriate of potash in the United States.

Market cap
$460.62M+3.8%
Revenue$320.6M+20.1%
Net income$14.4M+107%
Free cash flow$57.9M+111%
EPS (diluted)$1.09+107%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$64.9M
EPS estimate$0.39

Financials

Q1 2026

Income statement

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Revenue$98.7M+4.4%
Gross profit$17.7M+32.7%
Operating income$6.2M+68.2%
Net income$7.4M+61.1%
EPS (diluted)$0.56+60.0%

Balance sheet

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Cash & equivalents$99.9M+119%
Total debt$3.7M-2.5%
Total equity$498.2M+3.9%
Total assets$641.5M+6.7%

Cash flow

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Operating cash flow$23.2M+112%
CapEx$5.1M-33.0%
Free cash flow$18.0M+454%

Valuation & ratios

Valuation

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Market cap$460.62M+3.8%
Enterprise value$364.44M-5.6%
P/E31.9×
P/S1.4×

Returns & leverage

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Return on equity3%+1.5pp
Debt / equity0.0×
Current ratio5.3×+0.1×

Segments

By product

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Mineral$98.7M+4.3%
Trio$52.3M+5.2%
Potash$41.9M+12.5%
Salt$2.6M-22.3%
Brine Water$1.4M-30.4%

By segment

See full
Trio$52.5M+5.4%
Potash$46.1M+5.8%
Corporate Segment and Other Operating Segment$28.0K-97.5%

Competitors

Profile

Intrepid Potash is a diversified mineral company and the sole producer of muriate of potash in the United States. The company extracts and processes essential nutrients including potassium, magnesium, and sulfur, alongside water and brine products for the agricultural, animal feed, and energy sectors. Its core value proposition lies in its strategic domestic production footprint and its ability to deliver specialized fertilizer blends and oilfield solutions to the Permian Basin and broader U.S. markets.

Competitive position

The only domestic producer of muriate of potash in the U.S., maintaining a niche position against larger international competitors through geographic proximity to U.S. customers.

GeographiesUnited States, New Mexico, Utah
Customer segmentsAgribusiness, Energy Sector, Industrial Manufacturers
Business modelExtraction and Refining, Commodity Production, Asset Leasing
SuppliersSolar energy for evaporation, Federal grazing and mineral leases, Water rights permits, Mining equipment and labor
CustomersFertilizer distributors, Livestock feed producers, Oil and gas operators in the Permian Basin, Road maintenance departments
Listed2008
Employees485.0
CEOKevin S. Crutchfield
FilingsSEC EDGAR

Questions, answered.

What is Intrepid Potash's market cap?
Intrepid Potash (IPI) has a market capitalization of $460.6M and trades on NYSE.
What is Intrepid Potash's revenue and profitability?
Intrepid Potash generated $320.6M in trailing twelve-month revenue with net income of $14.4M, representing a net margin of -71.8%. Gross margin stands at 12.6%, with free cash flow of $57.9M. These figures are based on the Q1 2026 filing.
Who are Intrepid Potash's competitors?
Intrepid Potash's key competitors include Mosaic Company, Compass Minerals International, Nutrien Ltd., and others. These companies compete in similar markets and product categories.
Who does Intrepid Potash partner with?
Intrepid Potash's notable partners include Aquatech International, LLC, Adionics, Canpotex.
What subsidiaries does Intrepid Potash have?
Intrepid Potash's subsidiaries include Intrepid South.
Where is Intrepid Potash headquartered?
Intrepid Potash is headquartered in United States of America and employs approximately 485 people. It has been publicly traded since 2008.