Intrepid Potash
Produces muriate of potash and Trio fertilizer while selling water to Permian Basin drillers.
Something off on this page? Send us feedback.
Profile
Mines muriate of potash and Trio, a chloride-free specialty fertilizer, at sites in Utah and New Mexico, while a third segment sells water and land easements to Permian Basin oil and gas operators. Potash and Trio account for most of the revenue, with sales concentrated almost entirely in the United States.
Mines muriate of potash, a crop-nutrient fertilizer, at three solar-evaporation sites in Utah and New Mexico, and produces Trio, a chloride-free langbeinite fertilizer, from a single underground mine near Carlsbad. A third segment sells water, brine, and land easements to Permian Basin oil and gas operators.
Potash and Trio provide most of the revenue, with the oilfield business a smaller complement; sales concentrate almost entirely within the United States. Potash prices are set globally by far larger producers in Canada, Belarus, and Russia, exposing margins to import competition.
Permian Basin drilling activity, including a multi-year payment arrangement with XTO Energy tied to development pace near Carlsbad, shapes cash flow in the oilfield segment. Solar-pond evaporation, not conventional underground mining, defines the potash operation's cost structure and keeps it the only muriate-of-potash producer operating at scale in the country.
Company facts
Categories
Key statistics
Year to date +33.3% · Average volume (30d) 188.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | UBS | Reiterate | Sell | $26 | $29 |
| May 14, 2026 | UBS | Reiterate | Sell | $24 | $26 |
| Jan 12, 2026 | UBS | Reiterate | Sell | $40 | $24 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.78 | $0.56 | −28.1% | $64.9M | $66.7M | +2.8% | −0.62% |
| May 6, 2026Q1 FY26 | $0.48 | $0.62 | +29.2% | $88.3M | $98.7M | +11.8% | +2.50% |
| Mar 4, 2026Q4 FY25 | $0.26 | $0.49 | +88.5% | $65.2M | $75.9M | +16.3% | +10.57% |
| Nov 5, 2025Q3 FY25 | $0.13 | $0.11 | −15.4% | $65.2M | $53.2M | −18.4% | −8.56% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $94.5M | $71.5M | $53.2M | $75.9M | $98.7M | $66.7M | |
| Gross profit | $12.7M | $13.6M | $9.9M | $14.7M | $16.9M | $16.6M | |
| Operating income | $3.5M | $4.7M | $917.0K | $5.1M | $5.6M | $1.1M | |
| Net income | $4.6M | $3.3M | $3.7M | −$429.0K | $7.4M | $15.6M | |
| Diluted EPS | $0.35 | $0.25 | $0.28 | −$0.03 | $0.56 | $1.17 | |
| Gross margin | 13.4% | 19.1% | 18.6% | 19.4% | 17.1% | 25.0% | |
| Operating margin | 3.7% | 6.5% | 1.7% | 6.8% | 5.7% | 1.6% |
Fiscal years (4-quarter sums)FY21 $270.3M · FY22 $337.6M · FY23 $279.1M · FY24 $254.7M · FY25 $295.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $185.0M · Total debt $3.2M · Total assets $649.9M · Shareholders' equity $515.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 13.43M · Float 10.84M · 80.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Intrepid Production Corp | 1.34M | 10.00% | 13D | Jun 6, 2025 |
| Gonzalo M. Avendano · director | 1.21M | 9.00% | Form 4 | Jun 1, 2026 |
| Teton Trust Co LLC as Trustee of Clearway Trust | 1.20M | 9.00% | 13D | Feb 4, 2026 |
| BlackRock, Inc. | 1.16M | 8.60% | 13F | Aug 7, 2026 |
| Jornayvaz Robert P III · 10 percent owner | 1.02M | 7.62% | Form 4 | Jul 25, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Lori A. Lancaster | director | −4,800 | $45.24 |
Peers
- Nutrien
World's largest potash producer; Saskatchewan mines; dual-listed NYSE/TSX
- Mosaic
Global potash (Saskatchewan) and phosphate (Florida) fertilizer producer
- ICL
Global potash, bromine, and phosphate producer from Dead Sea and Spain mines
- Compass Minerals
US salt and sulfate-of-potash specialty fertilizer producer on NYSE
- SQM (ADR)
Chilean producer of potassium nitrate/sulfate fertilizers and lithium
- CF Industries
Largest global ammonia producer; pure-play nitrogen fertilizer, no potash
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Intrepid Potash | $37.85 | +0.58% | $505.1M | 19.0 | 20.4 | 1.7 | −6.7% |
| Nutrien | $73.84 | +0.44% | $35.29B | 14.9 | 13.7 | 1.3 | +0.3% |
| Mosaic | $23.71 | +0.38% | $7.50B | 124.2 | 25.5 | 0.6 | −6.0% |
| ICL | $5.71 | +2.06% | $7.23B | 23.3 | 12.6 | 0.9 | +16.5% |
| Compass Minerals | $24.62 | −0.06% | $1.03B | 57.3 | 21.1 | 0.8 | +0.3% |
| SQM (ADR) | $78.54 | −0.17% | $22.46B | 16.2 | 9.8 | 3.3 | +136.7% |
| CF Industries | $125.55 | −0.16% | $19.32B | 9.3 | 9.6 | 2.5 | +17.6% |
| Median | 19.8 | 13.2 | 1.1 | +8.4% |