Intrepid Potash, Inc. 2Q 2026: Revenue $66.69M, Net income $15.58M, EPS $1.17— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Intrepid Potash reported Q2 2026 revenue of $66.69M and net income of $15.58M, with diluted EPS at $1.17, significantly up from the prior year. Despite a slight revenue decline, higher potash and Trio prices boosted margins. The company sold its Intrepid South unit to focus on core operations and deferred major capital spending while reviewing AMAX cavern technicals.
Intrepid Potash, Inc. reported second-quarter 2026 results with revenue of $66.69M, net income of $15.58M and diluted EPS of $1.17, versus $67.54M, $3.26M and $0.25, respectively, in the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $66.69M | $67.54M | (1.3%) |
| Net income² | $15.58M | $3.26M | 377.4% |
| Diluted EPS³ | $1.17 | $0.25 | 368% |
¹ Reported as “Sales”. ² Reported as “Net Income”. ³ Reported as “Diluted income per share”.
Business Highlights
- Average net realized prices increased (potash $391/ton, Trio $389/ton in Q2), supporting higher gross margin despite modest volume declines.
- Sales mix shifted toward feed markets for potash and stronger U.S. domestic Trio® sales, aiding price realizations.
- Trio® production rose after commissioning a continuous miner, lowering per‑ton costs and improving Trio® gross margin.
- Company sold Intrepid South (closed April 1, 2026), reclassifying the oilfield business as discontinued to focus core operations.
- Continuing an AMAX cavern technical review and deferring major capital spending to address brine injection and bitterns management before further investment.
Original SEC Filing: Intrepid Potash, Inc. [ IPI ] - 10-Q - Aug. 05, 2026