10-Q quarterly report · filed May 7, 2026

Intrepid Potash, Inc. (IPI) Q1 2026 10-Q Quarterly Report

Short answer

Intrepid Potash, Inc. (IPI) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $99M with net income of $7M.

Q1 2026 key financials · XBRL

Revenue
$99M
Net income
$7M
+61.1% YoY
Operating margin
6.3%
Gross margin
17.9%
EPS (diluted)
$0.56
+60.0% YoY

Source: XBRL data from the Intrepid Potash, Inc. (IPI) Q1 2026 10-Q on SEC EDGAR. USD.

Intrepid Potash, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Potash realized price $353/ton vs $312/ton YoY
  • Trio realized price $387/ton vs $345/ton; volume down 4% YoY
  • Byproduct sales $4.5M vs $6.4M YoY, weakest performance
  • Intrepid South sale closed April 1 for $70M; remaining $62M received at closing
  • Outlook: firm spring demand and potash values; tariff and weather uncertainty as headwinds

Risk Factors

  • Newly emphasized tariff risk triggered by U.S. measures since February 2025, including reciprocal, trafficking, and Section 232 tariffs
  • Regulatory exposure under MSHA and OSHA, with high-profile mining accidents potentially prompting stricter enforcement
  • Near-term cost pressure from tariffs affecting raw materials, equipment, wages, energy, and customer purchasing decisions
  • USMCA exemption uncertainty and potential renegotiation threatening Canada and Mexico trade-cost assumptions

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

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