Intrepid Potash, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting net income from continuing operations of $1.732 million for the third quarter.

Key Highlights

  • Quarterly sales: Sales totaled $51.034 million for the three months ended September 30, 2026, compared with $50.807 million in the same period of 2025, according to the filing.
  • Nine-month net income: The company reported net income of $24.727 million for the nine months ended September 30, 2026, versus $11.614 million for the same period in 2025.
  • Cash position: Cash and cash equivalents stood at $152.291 million as of September 30, 2026, up from $83.537 million at December 31, 2025.
  • Earnings per share: Basic net income per share from continuing operations was $0.13 for Q3 2026, with nine-month basic EPS from continuing operations of $0.84.
  • Stockholders' equity: Total stockholders' equity increased to $517.597 million at September 30, 2026, from $491.429 million at December 31, 2025.
  • Discontinued operations gain: Net income from discontinued operations for the nine months ended September 30, 2026, was $13.719 million, net of tax, with no contribution in Q3 2026 alone.
  • Shares outstanding: As of October 31, 2026, the registrant had 13,364,469 shares of common stock outstanding, par value $0.001 per share.

Intrepid Potash Financial Results for the Quarter and Nine Months Ended September 30, 2026

According to the filing, Intrepid Potash, Inc. (NYSE:IPI) reported quarterly sales of $51.034 million for the three months ended September 30, 2026, a slight increase from $50.807 million in the prior-year quarter. Gross margin for Q3 2026 was $10.041 million, compared with $9.952 million in Q3 2025. Operating income for the quarter was $209 thousand, down from $484 thousand in the same period of 2025. The company reported net income from continuing operations of $1.732 million for Q3 2026, versus $729 thousand in Q3 2025.

For the nine months ended September 30, 2026, the filing disclosed sales of $216.404 million versus $212.870 million in the comparable 2025 period. Nine-month gross margin improved to $44.362 million from $35.634 million. Net income from continuing operations for the nine-month period reached $11.008 million, compared with $5.533 million a year earlier. Including discontinued operations of $13.719 million, total net income for the nine months was $24.727 million, the filing stated.

On the balance sheet, the company reported total assets of $654.106 million at September 30, 2026, up from $632.179 million at December 31, 2025. The filing noted that assets held for sale, which stood at $59.154 million at year-end 2025, were zero as of September 30, 2026. Total liabilities declined to $136.509 million from $140.750 million. The company also disclosed that it purchased 21,875 shares of treasury stock during the nine-month period for $822 thousand, and recorded stock-based compensation of $3.553 million for the period.

What Was Disclosed

Intrepid Potash filed its quarterly report covering the period ended September 30, 2026, disclosing income statement, balance sheet, and equity activity results. The filing reflected improved profitability versus the prior-year period and a higher cash balance, alongside the completion of a discontinued operations event.