--- title: "Intrepid Potash | 8-K: FY2026 Q1 Revenue: USD 98.69 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285437352.md" datetime: "2026-05-06T20:51:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285437352.md) - [en](https://longbridge.com/en/news/285437352.md) - [zh-HK](https://longbridge.com/zh-HK/news/285437352.md) --- # Intrepid Potash | 8-K: FY2026 Q1 Revenue: USD 98.69 M Revenue: As of FY2026 Q1, the actual value is USD 98.69 M. EPS: As of FY2026 Q1, the actual value is USD 0.52. EBIT: As of FY2026 Q1, the actual value is USD 5.558 M. #### Consolidated Financial Performance - **Sales from continuing operations**: Intrepid Potash, Inc. reported sales from continuing operations of $98.7 million in Q1 2026, an increase from $94.5 million in Q1 2025. - **Gross margin**: The gross margin was $17.7 million in Q1 2026, up from $13.3 million in Q1 2025. - **Net income from continuing operations**: Net income from continuing operations increased to $6.9 million in Q1 2026, compared to $3.4 million in Q1 2025. - **Operating Income**: Operating Income for Q1 2026 was $6,225 thousand, rising from $3,702 thousand in Q1 2025. - **Adjusted net income from continuing operations**: Adjusted net income from continuing operations was $8.2 million in Q1 2026, an increase from $3.9 million in Q1 2025. - **Adjusted EBITDA**: Adjusted EBITDA for Q1 2026 was $19.0 million, up from $14.6 million in Q1 2025. #### Cash Flow - **Net cash provided by operating activities of continuing operations**: Net cash provided by operating activities of continuing operations significantly increased to $21.3 million in Q1 2026 from $6.8 million in Q1 2025. - **Net cash provided by operating activities**: Total net cash provided by operating activities was $23,167 thousand in Q1 2026, compared to $10,917 thousand in Q1 2025. - **Net cash used in investing activities**: Net cash used in investing activities was - $5,151 thousand in Q1 2026, an improvement from - $5,668 thousand in Q1 2025. - **Net cash used in financing activities**: Net cash used in financing activities was - $2,291 thousand in Q1 2026, compared to - $887 thousand in Q1 2025. #### Liquidity - **Cash and cash equivalents**: As of March 31, 2026, Intrepid Potash, Inc. held $99.3 million in cash and cash equivalents. - **Revolving credit facility**: There were no outstanding borrowings on the $150 million revolving credit facility, which is set to mature in March 2031. #### Segment Performance ##### Potash Segment - **Sales**: Potash segment sales were $46,119 thousand in Q1 2026, up from $43,577 thousand in Q1 2025. - **Gross margin**: The segment’s gross margin was $3,067 thousand in Q1 2026, an increase from $2,503 thousand in Q1 2025. - **Sales volumes**: Sales volumes for the Potash segment totaled 105 thousand tons in Q1 2026, compared to 103 thousand tons in Q1 2025. - **Production volumes**: Production volumes increased to 104 thousand tons in Q1 2026 from 93 thousand tons in Q1 2025. - **Average net realized sales price per ton**: The average net realized sales price per ton was $353 in Q1 2026, a 13% increase from $312 in Q1 2025. - **Cost of goods sold (COGS) per ton**: COGS per ton was $334 in Q1 2026, compared to $313 in Q1 2025. - **Lower of cost or net realizable value inventory adjustments**: Inventory adjustments were $0.8 million in Q1 2026, down from $1.3 million in Q1 2025. ##### Trio® Segment - **Sales**: Trio® segment sales increased by 5% to $52,538 thousand in Q1 2026 from $49,842 thousand in Q1 2025. - **Gross margin**: The gross margin for the Trio® segment was $14,838 thousand in Q1 2026, significantly up from $10,434 thousand in Q1 2025. - **Sales volumes**: Sales volumes for Trio® were 106 thousand tons in Q1 2026, a 4% decline from 110 thousand tons in Q1 2025. - **Production volumes**: Production volumes increased by 10% to 69 thousand tons in Q1 2026 from 63 thousand tons in Q1 2025. - **Average net realized sales price per ton**: The average net realized sales price per ton was $387 in Q1 2026, a 12% increase from $345 in Q1 2025. - **Cost of goods sold (COGS) per ton**: COGS per ton improved to $229 in Q1 2026 from $235 in Q1 2025. #### Other Key Operational Metrics and Events - **Combined potash and Trio® sales volumes**: Combined sales volumes for potash and Trio® reached 211 thousand tons in Q1 2026, marking the second-highest quarterly sales total since the West mine was idled in 2016. - **Overall per-ton costs improvement**: Overall per-ton costs showed a 5% improvement compared to Q4, attributed to investments in operational efficiency. - **Sale of Intrepid South Ranch**: On April 1, 2026, Intrepid Potash, Inc. sold most assets of Intrepid South Ranch for $70 million, which included an $8 million deposit received in December 2025, resulting in the Oilfield Solutions segment no longer being reportable. - **Capital Expenditures**: Capital expenditures were $5.1 million in Q1 2026. #### Outlook / Guidance Intrepid Potash, Inc. anticipates full-year 2026 Trio® production to be between 285 to 300 thousand tons and projects 2026 capital expenditures to range from $40 million to $50 million. The company’s partners are progressing with FEL-3 engineering and associated permitting for the Wendover Lithium Project, with further details expected later in the year. 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