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Intrepid Potash IPI Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$66.7MBeat by $1.8M
EPS$0.56Miss by $0.22
Revenue estimate$64.9M
EPS estimate$0.78
We delivered improved profitability in the second quarter, reflecting supportive markets, disciplined execution, and continued progress across our core fertilizer portfolio. Trio® performed particularly well, with higher production, improved unit costs, and stronger margins as demand for chloride-free, sulfate-containing nutrients continued to benefit from supportive market conditions. In potash, higher production and improved pricing helped offset lower sales volumes. For both Trio® and potash, we are raising our full-year production outlook based on the operating progress achieved to date. We remain focused on the areas within our control—operating safely, improving reliability and efficiency, and delivering value from our core assets. With a strong balance sheet, increased production guidance for both potash and Trio®, lower expected capital expenditures, and an expanded share repurchase authorization, we believe Intrepid is well positioned to build on our momentum through the remainder of 2026.
Kevin Crutchfield

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$51.2M
EPS estimate$0.26

Financials

Q2 2026

Income statement

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Revenue$66.7M-1.3%
Gross profit$16.6M+34.7%
Operating income$1.1M-24.7%
Net income$15.6M+377%
EPS (diluted)$1.17+368%

Balance sheet

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Cash & equivalents$185.6M+117%
Total debt$3.2M-5.1%
Total equity$515.2M+6.5%
Total assets$649.9M+7.0%

Cash flow

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Operating cash flow$34.4M-14.0%
CapEx$8.5M+147%
Free cash flow$25.9M-29.1%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$513.64M+34.6%
Enterprise value$331.29M+10.6%
P/E19.2×
P/S1.6×

Returns & leverage

See full
Return on equity5.4%+2.9pp
Debt / equity0.0×
Current ratio6.3×+1.1×

Segments

By product

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Trio$35.7M+7.5%
Potash$25.2M-9.1%
Brine Water$2.2M+56.3%
Salt$2.2M-31.4%
Magnesium Chloride$1.0M-36.7%

By segment

See full
Trio$35.7M+7.6%
Potash$30.6M-10.0%
Corporate Segment and Other Operating Segment$360.0K+9.1%

FAQ

When did Intrepid Potash report Q2 2026 earnings?
Intrepid Potash (IPI) reported Q2 2026 earnings on August 4, 2026 after market close.
What were Intrepid Potash's Q2 2026 revenue and EPS?
Intrepid Potash reported revenue of $66.7M and eps of $0.56 for Q2 2026.
Did Intrepid Potash beat estimates in Q2 2026?
Revenue beat the consensus estimate of $64.9M by $1.8M. EPS missed the consensus estimate of $0.78 by $0.22.
How did Intrepid Potash's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 6.7% from $71.5M a year earlier and eps grew 24.4% from $0.45.
Where can I find Intrepid Potash's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001421461-26-000020) and the 10-Q periodic report (0001421461-26-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.