10-Q quarterly report · filed Nov 6, 2025

Intrepid Potash, Inc. (IPI) Q3 2025 10-Q Quarterly Report

Short answer

Intrepid Potash, Inc. (IPI) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025.

Q3 2025 key financials · XBRL

Net income
$4M
+304.3% YoY · +14.8% QoQ
EPS (diluted)
$0.28
+300.0% YoY · +12.0% QoQ

Source: XBRL data from the Intrepid Potash, Inc. (IPI) Q3 2025 10-Q on SEC EDGAR. USD.

Intrepid Potash, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Potash realized price $381/ton vs $356 YoY; sales volume up 15%
  • Trio® realized price $402/ton vs $312 YoY; sales volume down 20%
  • Water sales $0.6M vs $7.9M YoY, reflecting lower oilfield demand
  • Near-term outlook: balanced potash outlook and supportive China and India contract settlements
  • Headwinds: tariff uncertainty, recycled-water adoption, weather, rail availability, and fertilizer demand variability

Risk Factors

  • Tariff exposure triggered by U.S. measures since February 2025, increasing raw-material, equipment, wage, and energy costs
  • Trade-policy uncertainty from reciprocal, trafficking, and Section 232 tariffs, with USMCA exemptions subject to renegotiation
  • MSHA and OSHA compliance exposure, heightened by potential stricter enforcement after high-profile mining accidents
  • Customer-demand risk from tariffs affecting purchasing decisions and market conditions

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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