IPI Intrepid Potash, Inc Common Stock
NYSE · Chemicals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026IPI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Aug. 14, 2020 | 1-for-10 | Reverse |
About Intrepid Potash, Inc Common Stock Company overview from Wikipedia
Intrepid Potash, Inc. (NYSE: IPI), based in Denver, Colorado, is a fertilizer manufacturer. The company is the largest producer of potassium chloride, also known as muriate of potash, in the United States. It owns three mines, all in the Western U.S., near the cities of Carlsbad, New Mexico, Moab, Utah, and Wendover, Utah.
Mines
Carlsbad
There are three sites approximately 30 miles (48 km) East of Carlsbad, New Mexico. The East facility produces sylvite and langbeinite potash, and is capable of fully processing its ore to the storage or shipment stage. The West facility (currently shut down) produced mainly traditional potash, which is shipped by truck to be processed at the North facility for final storage or shipping.
Moab
The Moab or Kane Creek potash mine (38°31′25″N 109°39′15″W) is located along the right (northwest) bank of the Colorado River, about 20 miles (30 km) west of Moab, Utah, at the south end of State Route 279 and the Union Pacific Railroad. The location is known as Potash on U.S. Geological Survey (USGS) topographic maps, and is east of Dead Horse Point State Park and Canyonlands National Park. According to USGS reports, the Paradox Basin contains up to 2.0 billion tons (1.8 billion metric tonnes) of potash, with the primary mine being the one at Kane Creek.
The plant was built by the Texas Gulf Sulphur Company in the early 1960s, opening in 1963 as a conventional underground mine. Later that year, an explosion trapped 25 miners, of whom only seven were able to survive, by building a barricade to trap fresh air. In 1970, operations were changed to a system that combines solution mining and solar evaporation. River water is pumped into the mine and dissolves the potash, after which the brine solution is pumped to evaporation ponds. Intrepid bought the mine in 2000 from the Potash Corporation of Saskatchewan, which had bought Texas Gulf in 1995.
Wendover
The Wendover potash mine is located about 120 miles west of Salt Lake City, Utah, and has been actively used for potash production since 1917. Potash production from naturally occurring brines at the Wendover facility dates back to World War I. During the period from 1920 to 1936, a number of unsuccessful attempts were made to commercially produce potash. By 1939, a successful commercial potash operation was achieved and is still in production.
Lobbying
In 2015, a law firm associated with former U.S. Senator Norm Coleman started lobbying the U.S. State Department on behalf of Intrepid Potash to increase sanctions against Belarus. In 2021, the United States sanctioned Belarusian potash firms, raising potash prices worldwide.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | IPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 38.55Y avg ≈6.1 | ≈6.1 | 16.6 | Fair value | |
| P/S | 1.45Y avg ≈1.1 | ≈1.1 | 1.2 | Fair value | |
| P/B (MRQ) | 0.85Y avg ≈0.6 | ≈0.6 | 1.4 | Undervalued | |
| Price / FCF (TTM) | 13.95Y avg ≈2.9 | ≈2.9 | · | · | |
| Price / Cash Flow (TTM) | 6.95Y avg ≈5.8 | ≈5.8 | 8.9 | Undervalued | |
| Price / Tangible Book | 0.95Y avg ≈0.6 | ≈0.6 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | IPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 18.4% | · | 30.5% | Weak | |
| Operating Margin | 3.6% | · | 1.6% | In line | |
| EBITDA Margin | 17.2% | · | 11.8% | Top tier | |
| Pretax Margin | 3.9% | · | 8.5% | Below avg | |
| Net Profit Margin | 3.8% | · | 13.9% | Top tier | |
| ROA | 1.8% | · | 2.3% | Weak | |
| ROE | 2.3% | · | -10.6% | Top tier | |
| ROIC | 2.1%5Y avg ≈-17.1% | ≈-17.1% | 3.0% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | IPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 6.35Y avg ≈4.2 | ≈4.2 | 2.2 | Strong liquidity | |
| Quick Ratio | 2.25Y avg ≈1.5 | ≈1.5 | 1.2 | Strong liquidity | |
| Interest Coverage | 46.0 | · | 3.1 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | IPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 17.1% | · | · | · | |
| EPS CAGR 3Y | -45.9% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | IPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.5 | Weak | |
| Receivables Turnover | 10.6 | · | 10.2 | In line | |
| Revenue / Employee | ≈$624.1K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Dec 13, 2012 | $7.50 | USD | ≈3.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 4, 2026 | $0.56 | $0.79 | -28.9% |
| March 31, 2026 | $0.62 | $0.48 | 27.9% | |
| Dec. 31, 2025 | $0.49 | $0.33 | 47.0% | |
| Sept. 30, 2025 | $0.11 | $0.13 | -12.9% | |
| June 30, 2025 | $0.45 | $0.11 | 324.1% | |
| March 31, 2025 | $0.39 | $-0.05 | 872.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $298M | $255M | $279M | |
| Gross Profit | $55M | $29M | $37M | |
| SG&A Expense | $37M | $33M | $32M | |
| Operating Income | $11M | $-20M | $-44M | |
| Interest Expense | $232.0K | $112.0K | $0 | |
| Interest Income | $2M | $2M | $298.0K | |
| Other Non-op | $-762.0K | $45.0K | $95.0K | |
| Pretax Income | $12M | $-19M | $-44M | |
| Income Tax | $544.0K | $194M | $-8M | |
| Net Income | $11M | $-213M | $-36M | |
| EPS (Basic) | $0.86 | $-16.53 | $-2.80 | |
| EPS (Diluted) | $0.85 | $-16.53 | $-2.80 | |
| Shares (Basic) | 13,014,205 | 12,880,026 | 12,760,937 | |
| Shares (Diluted) | 13,174,001 | 12,880,026 | 12,760,937 | |
| EBITDA | $51M | $18M | $-5M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $84M | $41M | $4M | |
| Receivables | $32M | $22M | $22M | |
| Inventory | $112M | $113M | $114M | |
| Prepaid Expense | $5M | $5M | $7M | |
| Current Assets | $292M | $184M | $152M | |
| PP&E (Net) | $299M | $344M | $358M | |
| PP&E (Gross) | $701M | $726M | $710M | |
| Accum. Depreciation | $402M | $381M | $352M | |
| Intangibles | · | $5M | $5M | |
| Other Non-current Assets | $7M | $10M | $8M | |
| Total Assets | $632M | $595M | $769M | |
| Accrued Liabilities | $10M | $9M | $14M | |
| Current Liabilities | $56M | $38M | $47M | |
| Capital Leases | $2M | $780.0K | $741.0K | |
| Other Non-current Liabilities | $2M | $2M | $1M | |
| Total Liabilities | $141M | $120M | $84M | |
| Common Stock | $14.0K | $14.0K | $13.0K | |
| Retained Earnings | $-161M | $-172M | $41M | |
| Treasury Stock | $22M | $22M | $22M | |
| Stockholders' Equity | $491M | $474M | $684M | |
| Liabilities + Equity | $632M | $595M | $769M | |
| Shares Outstanding | 13,131,663 | 12,908,078 | 12,807,316 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $41M | $38M | $39M | |
| Stock-based Comp | $5M | $4M | $7M | |
| Deferred Tax | $0 | $194M | $-8M | |
| Amort. of Intangibles | $328.0K | $328.0K | $322.0K | |
| Other Non-cash | $-1M | · | · | |
| Operating Cash Flow | $56M | $72M | $43M | |
| CapEx | $30M | $39M | $65M | |
| Investing Cash Flow | $-13M | $-30M | $-60M | |
| Net Debt Issued | · | · | $0 | |
| Stock Repurchased | · | $0 | $0 | |
| Net Stock Activity | · | $0 | $0 | |
| Financing Cash Flow | $-276.0K | $-6M | $2M | |
| Net Change in Cash | $42M | $37M | $-14M | |
| Taxes Paid | $487.0K | $9.0K | $179.0K | |
| Free Cash Flow | $26M | $34M | $-22M | |
| Levered FCF | $25M | $33M | $-22M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Gross Margin | 18.4% | · | · | |
| Operating Margin | 3.6% | · | · | |
| Net Margin | 3.8% | · | · | |
| Pretax Margin | 3.9% | · | · | |
| EBITDA Margin | 17.2% | · | · | |
| ROA | 1.8% | · | · | |
| ROE | 2.3% | · | · | |
| ROIC | 2.1% | -48.1% | -5.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 4.4 | 4.8 | 3.3 | |
| Quick Ratio | 2.2 | 1.7 | 0.6 | |
| Interest Coverage | 46.0 | -177.3 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.5 | · | · | |
| Receivables Turnover | 10.6 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Book Value / Share | $37.42 | $36.75 | $53.44 | |
| Revenue / Share | $22.65 | · | · | |
| Cash Flow / Share | $4.23 | $5.63 | $3.39 | |
| Cash / Share | $6.36 | $3.20 | $0.32 | |
| EPS (TTM) | $0.85 | $-16.53 | $-2.80 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 17.1% | -8.7% | · | |
| EPS CAGR 3Y | -45.9% | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $298M | $255M | $279M | |
| Net Income TTM | $11M | $-213M | $-36M | |
| Market Cap | $364M | $283M | $306M | |
| P/E | 32.6 | -1.3 | -8.5 | |
| P/S | 1.2 | 1.1 | 1.1 | |
| P/B | 0.7 | 0.6 | 0.4 | |
| P / Tangible Book | 0.7 | 0.6 | 0.5 | |
| P / Cash Flow | 6.5 | 3.9 | 7.1 | |
| P / FCF | 14.3 | 8.4 | -14.0 | |
| Earnings Yield | 3.1% | -75.4% | -11.7% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67M | $99M | · | · | $68M | $95M | · | · | · | · | · | · | · | · | · | · | |
| Gross Profit | $17M | $18M | $15M | $11M | $12M | $13M | $7M | $8M | $8M | $6M | $5M | $491.0K | $15M | $16M | $26M | $27M | |
| SG&A Expense | $10M | $11M | $10M | $9M | $9M | $9M | $8M | $9M | $8M | $8M | $8M | $8M | $8M | $9M | $9M | $9M | |
| Operating Income | $1M | $6M | $-958.0K | $3M | $1M | $4M | $-12M | $-2M | $-2M | $-4M | $-47M | $-9M | $7M | $5M | $6M | $17M | |
| Interest Expense | $0 | $0 | $25.0K | $36.0K | $66.0K | $105.0K | $112.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.0K | $28.0K | |
| Interest Income | $1M | $667.0K | $630.0K | $776.0K | $651.0K | $375.0K | $385.0K | $536.0K | $547.0K | $244.0K | $49.0K | $88.0K | $76.0K | $85.0K | $84.0K | $77.0K | |
| Other Non-op | $73.0K | $48.0K | $34.0K | $24.0K | $-354.0K | $-466.0K | $-159.0K | $136.0K | $60.0K | $8.0K | $20.0K | $19.0K | $43.0K | $13.0K | $22.0K | $-258.0K | |
| Pretax Income | $2M | $7M | $-375.0K | $4M | $1M | $4M | $-12M | $-2M | $-1M | $-4M | $-48M | $-9M | $6M | $6M | $6M | $18M | |
| Income Tax | $57.0K | $59.0K | $54.0K | $264.0K | $35.0K | $78.0K | $195M | $-7.0K | $-304.0K | $-775.0K | $-10M | $-2M | $2M | $2M | $2M | $5M | |
| Net Income | $16M | $7M | $-429.0K | $4M | $3M | $5M | $-207M | $-2M | $-833.0K | $-3M | $-37M | $-7M | $4M | $5M | · | $13M | |
| EPS (Basic) | $1.18 | $0.56 | $-0.04 | $0.29 | $0.25 | $0.36 | $-16.09 | $-0.14 | $-0.06 | $-0.24 | $-2.93 | $-0.56 | $0.34 | $0.35 | $0.32 | $0.99 | |
| EPS (Diluted) | $1.17 | $0.56 | $-0.03 | $0.28 | $0.25 | $0.35 | $-16.09 | $-0.14 | $-0.06 | $-0.24 | $-2.92 | $-0.56 | $0.33 | $0.35 | $0.35 | $0.97 | |
| Shares (Basic) | 13,195,000 | 13,141,000 | · | 13,031,000 | 12,985,000 | 12,917,000 | · | 12,908,000 | 12,886,000 | 12,817,000 | · | 12,789,000 | 12,766,000 | 12,694,000 | · | 13,256,000 | |
| Shares (Diluted) | 13,272,000 | 13,287,000 | · | 13,190,000 | 13,174,000 | 13,088,000 | · | 12,908,000 | 12,886,000 | 12,817,000 | · | 12,789,000 | 12,855,000 | 12,875,000 | · | 13,489,000 | |
| EBITDA | $10M | $16M | · | $13M | $13M | $16M | · | $7M | $7M | $5M | · | $1M | $16M | $15M | · | $26M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $185M | $99M | $84M | $77M | $85M | $46M | $41M | $38M | $52M | $34M | $4M | $3M | $17M | $10M | $19M | $49M | |
| Receivables | $19M | $46M | $34M | $25M | $21M | $48M | $22M | $32M | $22M | $42M | · | $24M | $24M | $39M | · | $38M | |
| Inventory | $105M | $96M | $112M | $111M | $100M | $98M | $113M | $110M | $102M | $103M | · | $108M | $104M | $107M | · | $97M | |
| Prepaid Expense | $4M | $5M | $5M | $5M | $3M | $4M | $5M | $6M | $4M | $6M | · | $6M | $4M | $4M | · | $7M | |
| Current Assets | $313M | $304M | $235M | $222M | $212M | $199M | $184M | $190M | $183M | $188M | · | $147M | $154M | $167M | · | $198M | |
| PP&E (Net) | $295M | $296M | $335M | $334M | $336M | $341M | $344M | $355M | $354M | $355M | · | $403M | $401M | $388M | · | $359M | |
| PP&E (Gross) | $715M | $707M | $749M | $740M | $734M | $731M | $726M | $729M | $722M | $715M | · | $746M | $734M | $713M | · | $667M | |
| Accum. Depreciation | $420M | $411M | $414M | $406M | $398M | $389M | $381M | $374M | $368M | $360M | · | $343M | $334M | $326M | · | $309M | |
| Intangibles | · | · | · | $4M | $5M | $5M | · | $5M | $5M | $5M | · | $5M | $5M | $5M | · | $5M | |
| Other Non-current Assets | $9M | $8M | $11M | $11M | $11M | $10M | $10M | $9M | $9M | $9M | · | $7M | $7M | $7M | · | $7M | |
| Total Assets | $650M | $642M | $632M | $617M | $607M | $601M | $595M | $806M | $797M | $803M | · | $793M | $796M | $801M | · | $808M | |
| Accrued Liabilities | $13M | $12M | $11M | $13M | $11M | $11M | $9M | $15M | $11M | $13M | · | $15M | $14M | $14M | · | $23M | |
| Current Liabilities | $49M | $58M | $54M | $42M | $40M | $38M | $38M | $43M | $33M | $39M | · | $38M | $38M | $44M | · | $49M | |
| Capital Leases | $1M | $1M | $2M | $2M | $2M | $2M | $780.0K | $855.0K | $345.0K | $518.0K | · | $1M | $1M | $2M | · | $2M | |
| Other Non-current Liabilities | · | · | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Total Liabilities | $135M | $143M | $141M | $126M | $123M | $122M | $120M | $126M | $115M | $121M | · | $72M | $70M | $81M | · | $79M | |
| Common Stock | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $13.0K | · | $13.0K | $13.0K | $13.0K | · | $13.0K | |
| Retained Earnings | $-138M | $-153M | $-161M | $-160M | $-164M | $-167M | $-172M | $35M | $37M | $38M | · | $78M | $85M | $81M | · | $72M | |
| Treasury Stock | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | · | $22M | $22M | $22M | · | $3M | |
| Stockholders' Equity | $515M | $498M | $491M | $491M | $484M | $479M | $474M | $681M | $682M | $682M | $684M | $720M | $726M | $720M | $715M | $728M | |
| Liabilities + Equity | $650M | $642M | $632M | $617M | $607M | $601M | $595M | $806M | $797M | $803M | · | $793M | $796M | $801M | · | $808M | |
| Shares Outstanding | 13,207,226 | 13,186,538 | 13,131,663 | 13,116,675 | 13,002,170 | 12,961,175 | 12,908,078 | 12,908,078 | 12,908,078 | 12,875,520 | 12,807,316 | 12,789,326 | 12,789,326 | 12,759,990 | 12,687,822 | 13,195,080 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $10M | $11M | $10M | $9M | $10M | $11M | $9M | $9M | $9M | $11M | $10M | $9M | $9M | $10M | $8M | |
| Stock-based Comp | $2M | $516.0K | $1M | $1M | $1M | $1M | $848.0K | $178.0K | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $1M | |
| Deferred Tax | · | · | $0 | $0 | $0 | $0 | $195M | $-65.0K | $-325.0K | $-789.0K | $-10M | $-2M | $2M | $2M | $2M | $5M | |
| Amort. of Intangibles | · | $2.0K | $82.0K | $82.0K | $82.0K | $2.0K | $82.0K | $82.0K | $84.0K | $80.0K | $81.0K | $80.0K | $81.0K | $80.0K | $81.0K | $80.0K | |
| Other Non-cash | · | $5M | · | · | · | $-5M | · | · | · | $35M | · | · | · | $-9M | · | · | |
| Operating Cash Flow | $34M | $23M | $9M | $-4M | $40M | $11M | $8M | $-4M | $28M | $42M | $5M | $-323.0K | $30M | $8M | $20M | $-14M | |
| CapEx | $8M | $5M | $10M | $8M | $4M | $8M | $6M | $10M | $11M | $12M | $7M | $17M | $21M | $21M | $32M | $14M | |
| Investing Cash Flow | $52M | $-5M | $-2M | $-5M | $-130.0K | $-6M | $-4M | $-9M | $-10M | $-7M | $-5M | $-16M | $-18M | $-20M | $-31M | $-15M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $19M | · | |
| Financing Cash Flow | $-518.0K | $-2M | $-493.0K | $2M | $-431.0K | $-887.0K | $-262.0K | $-180.0K | $-318.0K | $-5M | $2M | $2M | $-5M | $4M | $-20M | $-4M | |
| Net Change in Cash | $86M | $16M | $6M | $-8M | $39M | $4M | $3M | $-14M | $18M | $30M | $1M | $-14M | $7M | $-8M | $-31M | $-33M | |
| Taxes Paid | $119.0K | $0 | $241.0K | $32.0K | $203.0K | $11.0K | $0 | $4.0K | $8.0K | $-3.0K | $-116.0K | $30.0K | $256.0K | $9.0K | $336.0K | $345.0K | |
| Free Cash Flow | · | $18M | · | · | · | $3M | · | · | · | $30M | · | · | · | $-13M | · | · | |
| Levered FCF | · | $18M | · | · | · | $3M | · | · | · | $30M | · | · | · | $-13M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.0% | 17.9% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Margin | 1.6% | 6.3% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Margin | 23.4% | 7.5% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Pretax Margin | 3.7% | 7.0% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | 15.5% | 16.4% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| ROA | 2.5% | 1.2% | · | 0.53% | 0.46% | 0.66% | · | -0.23% | -0.10% | -0.39% | · | -0.90% | 0.54% | 0.56% | · | 1.9% | |
| ROE | 3.1% | 1.5% | · | 0.64% | 0.56% | 0.79% | · | -0.26% | -0.12% | -0.45% | · | -0.99% | 0.60% | 0.64% | · | 2.2% | |
| ROIC | 0.20% | 1.2% | · | 0.63% | 0.67% | 1.0% | · | -0.33% | -0.17% | -0.51% | · | -1.0% | 0.68% | 0.53% | · | 1.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.3 | 5.3 | · | 5.2 | 5.3 | 5.2 | · | 4.4 | 5.5 | 4.8 | · | 3.8 | 4.0 | 3.8 | · | 4.0 | |
| Quick Ratio | 4.1 | 2.5 | · | 2.4 | 2.6 | 2.4 | · | 1.6 | 2.2 | 1.9 | · | 0.7 | 1.1 | 1.1 | · | 1.8 | |
| Interest Coverage | · | · | · | 92.5 | 49.9 | 47.6 | · | · | · | · | · | · | · | · | · | 623.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 3.4 | 2.1 | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $39.01 | $37.78 | · | $37.41 | $37.21 | $36.99 | · | $52.73 | $52.85 | $52.97 | · | $56.33 | $56.77 | $56.45 | · | $55.21 | |
| Revenue / Share | $5.02 | $7.43 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Cash Flow / Share | · | $1.74 | · | · | · | $0.83 | · | · | · | $3.24 | · | · | · | $0.66 | · | · | |
| Cash / Share | $14.01 | $7.53 | · | $5.89 | $6.54 | $3.52 | · | $2.95 | $4.00 | $2.65 | · | $0.22 | $1.34 | $0.82 | · | $3.73 | |
| EPS (TTM) | $1.98 | $1.06 | · | $-15.21 | $-15.63 | $-15.94 | · | $-3.36 | $-3.78 | $-3.39 | · | $0.47 | $2.00 | $3.41 | · | $21.74 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $26M | $14M | · | $-195M | $-201M | $-205M | · | $-43M | $-48M | $-43M | · | · | · | · | · | · | |
| Market Cap | $433M | $564M | · | $401M | $465M | $381M | · | $310M | $302M | $269M | · | $322M | $290M | $352M | · | $522M | |
| P/E | 16.6 | 40.3 | · | -2.0 | -2.3 | -1.8 | · | -7.1 | -6.2 | -6.2 | · | 53.5 | 11.3 | 8.1 | · | 1.8 | |
| P/B | 0.8 | 1.1 | · | 0.8 | 1.0 | 0.8 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.7 | |
| P / Tangible Book | 0.8 | 1.1 | · | 0.8 | 1.0 | 0.8 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.7 | |
| P / Cash Flow | · | 24.3 | · | · | · | 34.9 | · | · | · | 6.5 | · | · | · | 41.7 | · | · | |
| Earnings Yield | 6.0% | 2.5% | · | -49.7% | -43.7% | -54.2% | · | -14.0% | -16.1% | -16.2% | · | 1.9% | 8.8% | 12.4% | · | 54.9% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $298M | $255M | $279M | · | · |
| Gross Margin % | 18.4% | · | · | · | · |
| Operating Margin % | 3.6% | · | · | · | · |
| Net Income | $11M | $-213M | $-36M | · | · |
| Diluted EPS | $0.85 | $-16.53 | $-2.80 | $5.37 | $18.66 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.4 | 4.8 | 3.3 | · | · |
| Quick Ratio | 2.2 | 1.7 | 0.6 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $26M | $34M | $-22M | · | · |
Institutional owners (13F) 164 filers · $293.6M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 25 (-32 vs prior Q) | 34 (+17 vs prior Q) | 59 (+15 vs prior Q) | 46 (0 vs prior Q) | +328K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $37,879,225 | 1,155,559 | 12.90% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $25,319,813 | 772,388 | 8.62% | Shares |
| VANGUARD GROUP INC | $20,092,354 | 724,571 | 6.84% | Shares |
| AMERICAN CENTURY COMPANIES INC | $17,206,452 | 524,907 | 5.86% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $16,835,677 | 513,596 | 5.73% | Shares |
| First Eagle Investment Management, LLC | $10,606,002 | 323,551 | 3.61% | Shares |
| Goehring & Rozencwajg Associates, LLC | $9,764,047 | 297,866 | 3.33% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $9,140,371 | 278,778 | 3.11% | Shares |
| GATE CITY CAPITAL MANAGEMENT, LLC | $8,006,777 | 244,258 | 2.73% | Shares |
| STATE STREET CORP | $7,943,250 | 242,320 | 2.71% | Shares |
| ROYCE & ASSOCIATES LP | $7,346,850 | 224,126 | 2.50% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6,836,302 | 208,551 | 2.33% | Shares |
| D. E. Shaw & Co., Inc. | $6,292,121 | 191,950 | 2.14% | Shares |
| Azarias Capital Management, L.P. | $5,844,051 | 178,281 | 1.99% | Shares |
| Nuveen, LLC | $5,563,127 | 169,711 | 1.89% | Shares |
| MORGAN STANLEY | $4,672,375 | 142,537 | 1.59% | Shares |
| CITADEL ADVISORS LLC | $4,663,512 | 142,267 | 1.59% | Shares |
| Driehaus Capital Management LLC | $4,260,712 | 129,979 | 1.45% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $3,932,256 | 119,959 | 1.34% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $3,881,742 | 118,418 | 1.32% | Shares |
| NORTHERN TRUST CORP | $3,650,610 | 111,367 | 1.24% | Shares |
| JPMORGAN CHASE & CO | $3,399,281 | 101,714 | 1.16% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,353,197 | 102,294 | 1.14% | Shares |
| GOLDMAN SACHS GROUP INC | $3,339,167 | 101,866 | 1.14% | Shares |
| FRANKLIN RESOURCES INC | $2,671,340 | 81,493 | 0.91% | Shares |
| Empowered Funds, LLC | $2,668,390 | 81,403 | 0.91% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,323,905 | 70,894 | 0.79% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,124,144 | 64,800 | 0.72% | Put option |
| RAYMOND JAMES FINANCIAL INC | $2,099,788 | 64,057 | 0.72% | Shares |
| PDT Partners, LLC | $2,030,688 | 61,949 | 0.69% | Shares |
| Glenorchy Capital Ltd | $1,999,806 | 61,006 | 0.68% | Shares |
| NATIXIS | $1,848,792 | 56,400 | 0.63% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,842,236 | 56,200 | 0.63% | Call option |
| Quantinno Capital Management LP | $1,809,620 | 55,205 | 0.62% | Shares |
| Bank of New York Mellon Corp | $1,787,021 | 54,516 | 0.61% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,766,514 | 53,890 | 0.60% | Shares |
| Peapod Lane Capital LLC | $1,513,551 | 46,173 | 0.52% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,499,062 | 45,731 | 0.51% | Shares |
| Brandywine Global Investment Management, LLC | $1,488,824 | 53,690 | 0.51% | Shares |
| Cubist Systematic Strategies, LLC | $1,387,955 | 45,388 | 0.47% | Shares |
| Invesco Ltd. | $1,114,225 | 33,991 | 0.38% | Shares |
| UBS Group AG | $1,102,916 | 33,646 | 0.38% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,088,820 | 33,216 | 0.37% | Shares |
| OSAIC HOLDINGS, INC. | $1,085,419 | 33,116 | 0.37% | Shares |
| Integrated Quantitative Investments LLC | $1,074,692 | 32,785 | 0.37% | Shares |
| Trexquant Investment LP | $1,002,183 | 30,573 | 0.34% | Shares |
| Engineers Gate Manager LP | $988,907 | 30,168 | 0.34% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $950,488 | 28,996 | 0.32% | Shares |
| Creative Planning | $928,395 | 28,322 | 0.32% | Shares |
| Russell Investments Group, Ltd. | $900,204 | 27,462 | 0.31% | Shares |
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Clearway Capital Management LLC, Teton Trust Co LLC as Trustee of Clearway Trust ×5 filings | Feb. 4, 2026 | 9.00% | Amendment | · | SEC |
| Gate City Capital Management, LLC, Michael Melby ×6 filings | Jan. 13, 2026 | 6.83% | Amendment | · | SEC |
| INTREPID PRODUCTION CORP, Jornayvaz Robert P III | June 6, 2025 | 10.00% | Amendment | · | SEC |
| Harvey Operating and Production Company ×14 filings | March 21, 2022 | · | Initial filing | · | SEC |
| Intrepid Production Corporation, Robert P. Jornayvaz III ×13 filings | May 24, 2019 | · | Initial filing | · | SEC |
| Potash Acquisition, LLC, PRV Investors I, LLC, J. Landis Martin ×3 filings | Dec. 10, 2008 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 38 insiders · 20 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kevin S Crutchfield | Chief Executive Officer | July 25, 2026 M | 109,657 | 0 | 0 | $0 |
| Jason Tremblay | Chief Financial Officer | July 7, 2026 A | 12,405 | 0 | 0 | $0 |
| David Honeyfield | President & CFO | Feb. 25, 2014 M | 127,723 | 0 | 0 | $0 |
| Edward Brian Stone | President and COO | Dec. 15, 2022 F | 19,201 | 0 | 0 | $0 |
| Cris Ingold | Chief Accounting Officer | July 25, 2026 M | 13,067 | 0 | 0 | $0 |
| Christina Sheehan | General Counsel | July 25, 2026 M | 28,609 | 0 | 0 | $0 |
| Robert E Baldridge | SVP - New Mexico | March 18, 2022 M | 3,525 | 0 | 0 | $0 |
| Kyle R Smith | VP, General Counsel | March 17, 2022 A | 7,818 | 0 | 0 | $0 |
| Erica Wyatt | Chief Human Resources Officer | March 14, 2021 F | 16,377 | 0 | 0 | $0 |
| Mark A Mcdonald | VP of Sales and Marketing | Nov. 8, 2020 F | 7,434 | 0 | 0 | $0 |
| Joseph G Montoya | VP & Chief Accounting Officer | Nov. 8, 2019 F | 66,327 | 0 | 0 | $0 |
| Margaret Mccandless | VP and General Counsel | Nov. 8, 2019 F | 189,258 | 0 | 0 | $0 |
| Alex Wagner | VP of Bus Dev - Oilfield Srvs | March 14, 2019 A | 22,278 | 0 | 0 | $0 |
| James N Whyte | EVP | Nov. 9, 2018 M | 268,250 | 0 | 0 | $0 |
| Jeffrey Blair | VP of Sales & Marketing | Nov. 8, 2017 F | 160,454 | 0 | 0 | $0 |
| John G Mansanti | SVP Strat. Init. & Tech. Svs. | June 2, 2017 S | 48,483 | 0 | 0 | $0 |
| Brian D Frantz | SVP & Chief Accounting Officer | Feb. 25, 2017 F | 198,665 | 0 | 0 | $0 |
| Kelvin G Feist | SVP of Sales & Marketing | Feb. 25, 2016 M | 36,244 | 0 | 0 | $0 |
| Martin D Litt | EVP and General Counsel | Dec. 20, 2014 F | 54,117 | 0 | 0 | $0 |
| R L Moore | Senior VP-Mrktg and Sales | April 25, 2011 F | 17,244 | 0 | 0 | $0 |
| Gonzalo M Avendano | Director | May 28, 2026 A | 5,419 | 0 | 0 | $0 |
| Mary E Mcbride | Director | May 28, 2026 A | 25,966 | 0 | 0 | $0 |
| Lori A Lancaster | Director | May 28, 2026 A | 12,631 | 0 | 1 | $-217,152 |
| Chris A. Elliott | Director | May 28, 2026 A | 48,776 | 0 | 0 | $0 |
| William M Zisch | Director | May 28, 2026 A | 14,486 | 0 | 0 | $0 |
| Barth E Whitham | Director | May 28, 2026 A | 51,470 | 0 | 0 | $0 |
| Terry Considine | Director | May 19, 2021 A | 19,832 | 0 | 0 | $0 |
| Landis J Martin | Director | May 22, 2019 A | 228,298 | 0 | 0 | $0 |
| Jornayvaz Robert P III | 10% owner | July 22, 2025 S | 3,950 | 0 | 0 | $0 |
| Clearway Capital Management LLC | 10% owner | March 24, 2022 S | 1,336,083 | 0 | 0 | $0 |
| Richard Charles Kim | · | March 17, 2026 A | 4,611 | 0 | 0 | $0 |
| Matthew D Preston | · | July 25, 2025 M | 59,976 | 0 | 0 | $0 |
| Hugh E Harvey JR | · | May 29, 2025 A | 6,725 | 0 | 0 | $0 |
| Rodney D Gloss | · | April 8, 2010 D | 231 | 0 | 0 | $0 |
| Patrick L Avery | · | Feb. 11, 2009 D | 28,616 | 0 | 0 | $0 |
| Potash Acquisition, LLC | · | Dec. 8, 2008 S | 0 | 0 | 0 | $0 |
| PRV Investors I, LLC | · | Dec. 8, 2008 S | 0 | 0 | 0 | $0 |
| INTREPID MINING LLC | · | April 25, 2008 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 29 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 32,013 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.11% | 37,701 SH | Sept. 11, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.05% | 11,677 SH | Aug. 19, 2026 | Daily |
| CALF · Pacer Funds Trust | 0.04% | 39,743 NS | July 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.03% | 78,451 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 25,875 SH | Oct. 2, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 2,331 SH | Oct. 2, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 9,727 SH | Aug. 19, 2026 | Daily |
| VAW · VANGUARD WORLD FUND | 0.02% | 31,526 SH | Aug. 19, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.02% | 83,157 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 288,420 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 5,327 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 64,323 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 44,154 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 37,076 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 1,578 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,726 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 18,181 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 5,073 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 2,547 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 2,969 SH | Sept. 3, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.00% | 1,693 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 12 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 121,995 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 379,874 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 869 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 102,131 SH | Sept. 11, 2026 | Daily |
| IFRA · iShares Trust | · | 18,569 SH | Sept. 11, 2026 | Daily |
| SVAL · iShares Trust | · | 15,350 SH | Sept. 3, 2026 | Daily |
IPI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
2 analysts · 2026-10-04Mean target $36.50 +11.4%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IPI | $364M | 32.6 | 17.1% | 3.8% | 2.3% | 18.4% |
| CTVA | $45.06B | 41.9 | 2.9% | 6.3% | 4.6% | · |
| MOS | · | 14.2 | 8.4% | · | · | · |
| SMG | $3.29B | 23.1 | -3.9% | 4.2% | -44.8% | 30.6% |
| FMC | · | -0.8 | -18.3% | -64.6% | -68.3% | 37.0% |
| UAN | · | 11.0 | 15.4% | 16.3% | · | · |
| PHOS | · | · | · | · | -112.6% | · |
| AVD | · | -2.2 | -5.9% | -9.7% | -23.6% | 28.6% |
| CF | $11.88B | 8.6 | 19.3% | 25.4% | 36.6% | 38.5% |
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