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Mar 31
Intrepid Potash Q1 2025 Earnings Report
Intrepid Potash reported strong first quarter 2025 results driven by improved potash and Trio® unit economics, strong Trio® pricing, and high sales volumes.
Key Takeaways
Intrepid Potash, Inc. announced strong first quarter 2025 results with total sales of $97.8 million, net income of $4.6 million, and adjusted EBITDA of $16.6 million. The company achieved its highest quarterly sales volume since 2016, driven by solid performance in potash and Trio®.
Total sales reached $97.8 million, an increase from $79.3 million in the prior year.
Net income was $4.6 million, or $0.35 per diluted share, a significant improvement from a net loss of $3.1 million in the prior year.
Adjusted EBITDA more than doubled to $16.6 million compared to $7.7 million in the same prior year period.
Combined potash and Trio® sales volumes were 213 thousand tons, the highest since Q1 2016.
Intrepid Potash
Intrepid Potash
Intrepid Potash Revenue by Segment
Revenue by Segment
Potash Revenue
CapyFin.comTrio Revenue
CapyFin.comOilfield Solutions Revenue
CapyFin.com Forward Guidance
Intrepid believes it is well-positioned for the remainder of the year, with strong potash demand and a debt-free balance sheet.
Positive Outlook
- Potash pricing continues to find support due to strong global demand and balanced supply.
- Key crop futures are steady and trading at higher levels compared to early-March.
- Debt-free balance sheet provides a position of strength.
- Strong liquidity position enhances financial stability.
- Continued improvement in production profiles and unit economics.
Challenges Ahead
- Uncertainty in broader markets in recent weeks.
- Potential for changes in price, demand, or supply of products and services.
- Challenges and legal proceedings related to water rights.
- Risks associated with adverse changes in economic conditions or credit markets.
- Potential for increased labor costs or difficulties in hiring and retaining qualified employees.
Revenue & Expenses
Visualization of income flow from segment revenue to net income