Intrepid Potash (IPI)
Produces muriate of potash and Trio fertilizer while selling water to Permian Basin drillers.
Something off on this page? Send us feedback.
Mines muriate of potash and Trio, a chloride-free specialty fertilizer, at sites in Utah and New Mexico, while a third segment sells water and land easements to Permian Basin oil and gas operators. Potash and Trio account for most of the revenue, with sales concentrated almost entirely in the United States.
Mines muriate of potash, a crop-nutrient fertilizer, at three solar-evaporation sites in Utah and New Mexico, and produces Trio, a chloride-free langbeinite fertilizer, from a single underground mine near Carlsbad. A third segment sells water, brine, and land easements to Permian Basin oil and gas operators.
Potash and Trio provide most of the revenue, with the oilfield business a smaller complement; sales concentrate almost entirely within the United States. Potash prices are set globally by far larger producers in Canada, Belarus, and Russia, exposing margins to import competition.
Permian Basin drilling activity, including a multi-year payment arrangement with XTO Energy tied to development pace near Carlsbad, shapes cash flow in the oilfield segment. Solar-pond evaporation, not conventional underground mining, defines the potash operation's cost structure and keeps it the only muriate-of-potash producer operating at scale in the country.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | UBS | Reiterate | Rating: —Target: $26 | Target: $29 |
| May 14, 2026 | UBS | Reiterate | Rating: —Target: $24 | Target: $26 |
| Jan 12, 2026 | UBS | Reiterate | Rating: —Target: $40 | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $185.0M · Total debt $3.2M · Total assets $649.9M · Shareholders' equity $515.2M
- Revenue
- $66.7M
- Operating income
- $1.1M
- Net income
- $15.6M
No dividends on record.
| Institutions | 62.55% | 8.42M shares | |
|---|---|---|---|
| 159 holders · as of Jun 30, 2026 | |||
| Insiders | 10.53% | 1.42M shares | |
| 14 holders · as of Jul 28, 2026 | |||
| Other | 26.92% | 3.62M shares | |
| remainder | |||
13.46M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.59% | 1.16M | as of Jun 30, 2026 |
Robert P. III JornayvazInsider10 percent owner | 7.61% | 1.02M | filed Jul 25, 2025 |
Dimensional Fund Advisors LPInstitution | 5.74% | 772,388 | as of Jun 30, 2026 |
American Century Companies IncInstitution | 3.90% | 524,907 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.82% | 513,596 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Lori A. Lancaster | director | −4,800 | $45.24 |
- Nutrien
World's largest potash producer; Saskatchewan mines; dual-listed NYSE/TSX
- Mosaic
Global potash (Saskatchewan) and phosphate (Florida) fertilizer producer
- ICL
Global potash, bromine, and phosphate producer from Dead Sea and Spain mines
- Compass Minerals
US salt and sulfate-of-potash specialty fertilizer producer on NYSE
- SQM (ADR)
Chilean producer of potassium nitrate/sulfate fertilizers and lithium
- CF Industries
Largest global ammonia producer; pure-play nitrogen fertilizer, no potash
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Intrepid Potash | $36.95 | −0.70% | $499.8M | 18.8 | 20.0 | 1.7 | −6.7% |
| Nutrien | $75.27 | −0.21% | $36.21B | 15.3 | 14.2 | 1.3 | +0.3% |
| Mosaic | $24.44 | −1.17% | $7.86B | 130.2 | 26.9 | 0.7 | −6.0% |
| ICL | $5.32 | −1.57% | $6.97B | 22.5 | 12.1 | 0.9 | +16.5% |
| Compass Minerals | $23.29 | −2.14% | $998.6M | 55.3 | 18.9 | 0.8 | +0.3% |
| SQM (ADR) | $69.57 | −0.89% | $20.05B | 14.4 | 8.8 | 3.0 | +136.7% |
| CF Industries | $120.86 | +0.22% | $18.53B | 8.9 | 9.3 | 2.4 | +17.6% |
| Median | 18.9 | 13.2 | 1.1 | +8.4% |