Earnings summaries and quarterly performance for Intrepid Potash.
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Intrepid Potash, Aquatech, and Adionics Announce Progress on Utah Lithium Project
IPI
New Projects/Investments
- Intrepid Potash, Aquatech International, and Adionics announced progress on their lithium development project in Wendover, Utah, with the successful completion of test work to produce battery-grade lithium carbonate from byproduct brine.
- The testing achieved a lithium extraction rate of 92.9% and an overall lithium chloride purity above 99.5%, with Aquatech successfully converting the lithium-rich brine to a ≥99.5% lithium carbonate product.
- Under their Joint Development Agreement, the parties will continue to evaluate a lithium facility in Wendover, aiming to complete feasibility studies and detailed engineering for a 5,000 metric tonne lithium extraction facility with a goal of reaching a final investment decision in 2026.
- Intrepid's CEO stated that monetizing lithium from their byproduct magnesium chloride brine will constitute an important step forward in driving margin improvement at Wendover, while the company plans to limit its capital exposure and risk.
4 days ago
Intrepid Potash, Aquatech, and Adionics Announce Progress on Utah Lithium Project
IPI
New Projects/Investments
- Intrepid Potash, Aquatech International, and Adionics have successfully completed test work at Intrepid's Wendover, Utah potash facility, producing battery-grade lithium carbonate from byproduct brine.
- The testing achieved a lithium extraction rate of 92.9% and an overall lithium chloride purity above 99.5%, with Aquatech further converting it to a ≥99.5% lithium carbonate product meeting key battery manufacturing specifications.
- Under their Joint Development Agreement (JDA), the parties will continue evaluating a lithium facility in Wendover, aiming to complete feasibility studies and detailed engineering for a 5,000 metric tonne lithium extraction facility with a goal of reaching a final investment decision in 2026.
- Intrepid's CEO, Kevin Crutchfield, stated the company plans to limit its capital exposure and risk while monetizing lithium from byproduct brine to drive margin improvement at Wendover.
4 days ago
Intrepid Potash Reports Strong Q3 2025 Results with Improved Profitability and Positive Outlook
IPI
Earnings
Guidance Update
New Projects/Investments
- Intrepid Potash reported net income of $3.7 million and Adjusted EBITDA of $12 million for Q3 2025, a significant improvement compared to a net loss of $1.8 million and Adjusted EBITDA of $10 million in the prior year period.
- The company's strong performance was primarily driven by higher pricing in potash and trio and increased production, leading to improved unit economics, with year-to-date potash cost of goods sold improving by 9% to $327 per ton and trio by 15% to $238 per ton.
- For Q4 2025, Intrepid expects potash sales volumes between 50,000-60,000 tons at an average net realized sales price of $385-$395 per ton, and trio sales volumes between 80,000-90,000 tons at $372-$382 per ton.
- Looking into 2026, the company forecasts annual potash production of 270,000-280,000 tons and annual trio production of 285,000-295,000 tons, with trio expected to see a 5%-7% improvement in per unit costs.
- Intrepid maintains a debt-free balance sheet and a cash position of approximately $74 million, with a 2025 capital program spend projected between $30 million-$34 million.
Nov 6, 2025, 5:00 PM
Intrepid Potash, Inc. Announces Third Quarter 2025 Results
IPI
Earnings
Guidance Update
New Projects/Investments
- Intrepid Potash, Inc. reported total sales of $53.2 million, net income of $3.7 million, and adjusted EBITDA of $12.0 million for the third quarter of 2025.
- Year-to-date Q3 2025 net income reached $12.6 million and adjusted EBITDA was $45.0 million, which the CEO noted as the best performance since 2015, excluding record pricing in 2022.
- The Potash segment saw sales increase by $4.1 million in Q3 2025 compared to the prior year, driven by a 15% increase in sales volumes to 62 thousand tons and a 7% increase in average net realized sales price per ton to $381.
- The company projects 2025 capital expenditures to be between $30 and $34 million and maintained a strong liquidity position with $74 million in cash and cash equivalents and no outstanding borrowings on its $150 million revolving credit facility as of October 31, 2025.
- Looking forward, Intrepid expects higher Trio® production rates of approximately 70 to 75 thousand tons per quarter in 2026 from its East Mine.
Nov 5, 2025, 9:34 PM
Intrepid Potash Announces Third Quarter 2025 Results
IPI
Earnings
Guidance Update
New Projects/Investments
- Intrepid Potash reported total sales of $53.2 million, net income of $3.7 million, and adjusted EBITDA of $12.0 million for the third quarter of 2025.
- For the nine months ended September 30, 2025, the company achieved net income of $12.6 million and adjusted EBITDA of $45.0 million.
- Potash sales volumes increased 15% to 62 thousand tons in Q3 2025, with the average net realized sales price per ton rising to $381.
- Capital expenditures for Q3 2025 totaled $7.7 million, bringing the year-to-date total to $20.2 million, with full-year 2025 expenditures projected between $30 million and $34 million.
- As of October 31, 2025, the company had $74 million in cash and cash equivalents and no outstanding borrowings on its $150 million revolving credit facility.
Nov 5, 2025, 9:30 PM
Quarterly earnings call transcripts for Intrepid Potash.
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