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Intrepid Potash, Inc. (IPI) stock

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NYSE: IPI NYSE Fertilizers & Agricultural Chemicals Next results ~November 3, 2026

Intrepid Potash, Inc. is a US-listed company in the fertilizers & agricultural chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$25

Valuation models combined (3)

Base case. Range ~$14–$36. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, residual income), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Intrepid Potash, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds83 adding, 76 cuttingOf 33 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 48% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 143.0% over 90 days.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 0.2 against the S&P 500.
  • Earnings expected to fall. The consensus expects earnings per share to fall 29% next year.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.56 against an average estimate of $0.38: beat by 48.2%
Revenue
$67m, down 1.3% on a year earlier
Share reaction
+1.4% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
potash production 290 to 300 (full-year 2026); trio® production 295 to 305 (2026)
Next report
November 3, 2026; average EPS estimate $0.38

Intrepid Potash's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.9%
  • 1 week-1.2%
  • 1 month-5.4%
  • This year+11.8%
  • 1 year+16.4%
  • 5 years-31.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$1.99

Growth

Share count change
+1.8%

Cash

Free cash flow (TTM)
$29.7M

Earnings

Last results
August 4, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Intrepid Potash, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Intrepid Potash, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$36 ~$28–$39 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$14 ~$16–$20 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$16 ~$9.3–$27 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$2.4 ~$2.0–$2.9 Left out: out of range vs price (0.08x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$25 ~$14–$36 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Intrepid Potash, Inc. with Fertilizers & Agricultural Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025
Share price$23.89$21.92$27.73
Market value$305m$282m$365m
+ Net debt (− = net cash)−$71000−$41m−$84m
Enterprise value$305m$241m$282m
Multiples
Price / sales 1.1x1.1x1.2x
Price / earnings ——32.7x
Price / free cash flow —8.4x14.3x
EV / EBITDA —13.5x5.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $51m and EPS of $0.38 (range $0.13 to $0.62) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.09 +45% $270m +8%
Next $1.48 −29% $260m −4%

Next year's EPS estimate has moved +143.0% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +52.8% on 90 days ago. In the last 30 days, 0 analysts raised Intrepid Potash, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Intrepid Potash, Inc., last 90 days
$0.00 $1.00 $2.00 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.37 Current fiscal year, 60 days ago: $2.11 Current fiscal year, 30 days ago: $2.11 Current fiscal year, 7 days ago: $2.08 Current fiscal year, Now: $2.09 $2.09 Next fiscal year, 90 days ago: $0.61 Next fiscal year, 60 days ago: $1.41 Next fiscal year, 30 days ago: $1.41 Next fiscal year, 7 days ago: $1.38 Next fiscal year, Now: $1.48 $1.48

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.37$0.61
60 days ago $2.11$1.41
30 days ago $2.11$1.41
7 days ago $2.08$1.38
Now $2.09$1.48

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.38 $0.56 +48.2%
Mar 2026 $0.48 $0.62 +28.7%
Dec 2025 $0.33 $0.49 +48.1%
Sept 2025 $0.18 $0.11 −38.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Potash production full-year 2026 290k to 300k Raised
    “We are increasing our full-year 2026 potash production guidance to a range of 290 thousand to 300 thousand tons, reflecting improved recoveries from focused mill efficiency initiatives and improved brine grade a nd evaporation which extended the harvest season ahead of our summer shutdown.” source
  • Trio® production 2026 295k to 305k Raised
    “For 2026, we are increasing our Trio ® full-year production guidance to a range of 295 thousand to 305 thousand tons.” source
  • Capital expenditures 2026 about $40m Lowered
    “We now expect 2026 capital expenditures of approximately $40 million.” source
  • Potash sales volume Q3 2026 55k to 65k New
    “Q3 2026 Potash sales volume 55-65 thousand tons” source
  • Potash average net realized sales price Q3 2026 $380 to $390 Non-GAAP New
    “Q3 2026 Potash average net realized sales price (1) $380-$390 per ton” source
  • Trio® sales volume Q3 2026 30k to 40k New
    “Q3 2026 Trio® sales volume 30-40 thousand tons” source
Show 1 more item
  • Trio® average net realized sales price Q3 2026 $400 to $410 Non-GAAP New
    “Q3 2026 Trio® average net realized sales price (1) $400-$410 per ton” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

3 analysts, Oct 2026
Buy133%
Hold00%
Sell267%

Monthly trend

  1. Oct 2026123
  2. Sep 2026123
  3. Aug 2026123
  4. Jul 2026123

Counts of recommendations published by analysts covering Intrepid Potash, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.0%
of tradable shares
Days to cover
2.07
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
63%
of shares
Held by insiders
19.0%
of shares
Employees
478
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
IPI+77%−32%−17%−8%+27%+12%
Industry peers (median)+24%+22%−16%+8%−7%+15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
IPI50%42%42%42%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
IPI−38%−77%−48%−26%−39%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 86% from May 16, 2018 to April 3, 2020. Getting back needed a 621% gain, reached on November 1, 2021, 577 days after the low.

Price behaviour

52-week range
$23.94 – $48.84
From 52-week high
−36.5%
vs 50-day average
−12.0%
vs 200-day average
−15.2%
Volatility (1 year)
54%
Beta vs S&P 500
0.17

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±8.7%
After a week
8 up, 4 down
typical move ±10.9%
After a month
8 up, 4 down
typical move ±11.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +1.4% +1.6% +10.8% +23.9%
May 6, 2026 −3.7% +1.1% +13.2% −12.8%
March 4, 2026 +10.8% +0.1% +22.7% +21.7%
November 5, 2025 −6.8% −0.7% +3.3% −1.4%
August 6, 2025 −11.9% +0.7% −13.1% −14.8%
May 5, 2025 +14.8% −1.4% +7.2% +14.1%
March 3, 2025 −7.5% −2.9% −1.4% +13.2%
November 4, 2024 +13.5% +1.0% +9.3% +6.7%
August 5, 2024 −1.3% −2.0% −8.7% +0.4%
July 10, 2024 +10.8% +0.1% +14.5% −3.2%
May 8, 2024 +15.3% +0.6% +17.3% +17.9%
March 6, 2024 +7.1% +1.5% −9.0% +1.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Intrepid Potash took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $298M
  2. Cost of revenue $244M · 81.6%
  3. Gross profit $54.8M · 18.4%
  4. Selling, general and admin $36.7M · 12.3%
  5. Other operating costs $7.4M · 2.5%
  6. Operating income $10.7M · 3.6%
  7. Net income $11.2M · 3.7%

Shares of revenue. Source: Intrepid Potash's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 279 255 298
Gross profit 37 29 55
EBITDA −5 18 51
Operating income −44 −20 11
Net income −36 −213 11
Diluted EPS −$2.80 −$16.53 $0.85
Growth (year on year)
Revenue — −8.7% +17.1%
EBITDA — — +187.3%
Margins
Gross margin 13.2% 11.4% 18.4%
EBITDA margin −1.6% 7.0% 17.2%
Operating margin −15.8% −7.8% 3.6%
Net margin −12.8% −83.6% 3.7%
Free-cash-flow margin −7.8% 13.3% 8.6%
Cash flow
Cash from operations 43 72 56
Capital spending 65 39 30
Free cash flow −22 34 26
Stock-based pay 7 4 5
Free cash flow after stock pay −28 30 20
Balance sheet
Cash 4 41 84
Total debt 4 0 0
Net debt (negative = net cash) −0 −41 −84
Diluted shares 13m 13m 13m
Returned to shareholders
Buybacks 0 0 —
Total returned 0 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $650m
Short-term assets $313mLonger-term assets $337m
What it owes, and who funded it · $650m
Short-term liabilities $49mLonger-term liabilities $85mShareholders' equity $515m
  • Short-term assets cover short-term liabilities $313m of assets due within a year against $49m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $313m short-term assets against $85m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $10m against $61,000 of interest.

From Intrepid Potash, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+1.8%
year over year

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Trio $144M 48.4% ▲ 37.0%
Potash $140M 46.8% ▲ 11.8%
Oil Field Services $14.4M 4.8% ▼ 41.5%
Products and services
Line of business Revenue Share YoY
Trio $144M 48.3% ▲ 37.4%
Potash $115M 38.5% ▲ 14.9%
Salt $12.2M 4.1% ▼ 6.7%
Brines $11M 3.7% ▼ 0.8%
Other $7M 2.3% ▲ 1.0%
Magnesium Chloride $6.2M 2.1% ▲ 16.3%
Water Product $3.2M 1.1% ▼ 76.7%

From Intrepid Potash, Inc.'s 10-K filed March 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$285M
Institutions reporting
148
Shares held vs prior quarter
▲ 8.0%
Positions opened / closed
24 / 34

Top buyers and sellers, Q2 2026: 83 institutions bought and 76 sold ; the biggest buyer was First Eagle Investment Management, LLC (+496K shares) and the biggest seller Driehaus Capital Management LLC (−184K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $37.9M 1.2M 13.3% ▲ 25.9%
Dimensional Fund Advisors LP $25.3M 772K 8.9% ▲ 5.2%
First Eagle Investment Management, LLC $21.2M 647K 7.4% ▲ 327.8%
American Century Companies Inc $17.2M 525K 6.0% ▲ 59.7%
Vanguard Capital Management LLC $16.8M 514K 5.9% ▲ 0.8%
Goehring & Rozencwajg Associates, LLC $9.8M 298K 3.4% ▲ 11.5%
Geode Capital Management, LLC $9.1M 279K 3.2% ▲ 7.3%
Gate City Capital Management, LLC $8M 244K 2.8% ▲ 8.9%
State Street Corp $7.9M 242K 2.8% ▲ 1.5%
Royce & Associates LP $7.3M 224K 2.6% ▲ 14.6%
Vanguard Portfolio Management LLC $6.8M 209K 2.4% ▲ 7.4%
D. E. Shaw & Co., Inc. $6.3M 192K 2.2% ▼ 2.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Intrepid Potash, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $217,152 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $217,152 net selling
Insider Date Trade Shares Price Value
Lancaster Lori A Director May 12, 2026 Sell 4,800 $45.24 $217,152

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 6, 2026
  • March 4, 2026
  • November 5, 2025
  • August 6, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on Intrepid Potash, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Intrepid Potash, Inc. in brief

What does Intrepid Potash, Inc. do?
Intrepid Potash, Inc. is a US-listed company in the fertilizers & agricultural chemicals industry. Its financial year ends in December.
What is Intrepid Potash, Inc.'s stock ticker?
Intrepid Potash, Inc. trades under the ticker IPI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Intrepid Potash, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and First Eagle Investment Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Intrepid Potash, Inc.'s market cap?
On December 31, 2025, Intrepid Potash, Inc.'s market capitalisation was about $365M, with a price-to-earnings ratio of 32.7 and net debt of -$83.5M. Market figures come from third-party market data and may be delayed.
Are insiders buying or selling Intrepid Potash, Inc. stock?
Over the last 12 months, Intrepid Potash, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Intrepid Potash, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Intrepid Potash, Inc. announces its own schedule.