I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 66.69 M.
EPS: As of FY2026 Q2, the actual value is USD 1.17.
EBIT: As of FY2026 Q2, the actual value is USD 2.452 M.
Overall Company Performance
Net Income
Intrepid Potash, Inc. reported a net income of $15.6 million for the second quarter of 2026, an increase from $3.3 million in the same prior-year period, which included a $13.2 million gain from the sale of Intrepid South. Net income from continuing operations for the second quarter of 2026 was $2.4 million, up from $1.4 million in the prior-year quarter. For the six months ended June 30, 2026, net income was $23.0 million, including $13.7 million from discontinued operations, compared to $7.9 million in the same prior-year period. Net income from continuing operations for the first half of 2026 was $9.3 million, an increase from $4.8 million in the first half of 2025.
Gross Margin
Gross margin expanded by 35% in the second quarter of 2026 compared to the prior-year quarter, reaching $16.6 million, up from $12.4 million. For the six months ended June 30, 2026, gross margin increased to $34.3 million from $25.7 million in the same prior-year period.
Adjusted EBITDA
Adjusted EBITDA from continuing operations increased to $17.5 million in the second quarter of 2026, up from $13.8 million in the second quarter of 2025. For the first half of 2026, Adjusted EBITDA increased to $36.5 million from $28.4 million in the same prior-year period.
Cash Flow from Continuing Operations
Cash flow from continuing operations was $34.0 million in the second quarter of 2026, a decrease from $36.1 million in the same prior-year period, primarily due to less favorable working capital movements. For the six months ended June 30, 2026, cash flow from continuing operations increased to $55.3 million from $42.9 million in the same prior-year period, reflecting improved profitability and working capital discipline.
Capital Expenditures
Capital expenditures totaled $8.5 million in the second quarter of 2026.
Cash and Cash Equivalents
As of June 30, 2026, cash and cash equivalents totaled $185.0 million, including $62.0 million of cash proceeds from the sale of Intrepid South received during the quarter.
Other Unique Metrics
Intrepid Potash, Inc. completed the sale of Intrepid South for $68.9 million, recognizing a gain of $13.2 million, net of taxes, during the second quarter of 2026. The company recorded a $5.0 million loss contingency related to anticipated water repayment and associated obligations in the second quarter of 2026. The share repurchase authorization was expanded to $50 million in June 2026.
Segment Performance
Potash Segment
For the three months ended June 30, 2026: Sales: $30,602 thousand, a decrease of $3.4 million compared to the prior year. Sales volumes: 59 thousand tons, representing a 14% decline. Average net realized sales price per ton: $391, an 8% increase. Gross margin: $4,918 thousand, an increase of $0.1 million compared to the prior year. Production volumes: 52 thousand tons, an increase of 8 thousand tons compared to the prior year. Average COGS per ton: $359, compared to $337 in the second quarter of 2025.
For the six months ended June 30, 2026: Sales: $76,721 thousand, a slight decrease from $77,571 thousand in the prior year. Gross margin: $7,985 thousand, up from $7,361 thousand in the prior year. Sales volumes: 165 thousand tons, compared to 172 thousand tons in the prior year. Production volumes: 157 thousand tons, up from 137 thousand tons in the prior year. Average net realized sales price per ton: $365, up from $332 in the prior year.
Trio® Segment
For the three months ended June 30, 2026: Sales: $35,723 thousand, an increase of 8% or $2.5 million compared to the prior year. Sales volumes: 70 thousand tons, which were flat. Average net realized sales price per ton: $389, a 6% increase. Gross margin: $11,443 thousand, up from $8,086 thousand in the prior year. Production volumes: 75 thousand tons, 7% higher than the prior year. Average COGS per ton: $205, compared to $235 in the second quarter of 2025.
For the six months ended June 30, 2026: Sales: $88,261 thousand, up from $83,054 thousand in the prior year. Gross margin: $26,281 thousand, up from $18,520 thousand in the prior year. Sales volumes: 176 thousand tons, compared to 181 thousand tons in the prior year. Production volumes: 144 thousand tons, up from 132 thousand tons in the prior year. Average net realized sales price per ton: $388, up from $352 in the prior year.
Outlook / Guidance
Intrepid Potash, Inc. increased its full-year 2026 production guidance for potash to a range of 290-300 thousand tons and for Trio® to 295-305 thousand tons. The company lowered its full-year 2026 capital expenditure guidance to approximately $40 million. For Q3 2026, potash sales volume is projected to be 55-65 thousand tons with an average net realized sales price of $380-$390 per ton, while Trio® sales volume is expected to be 30-40 thousand tons with an average net realized sales price of $400-$410 per ton.