Intrepid Potash, Inc. (IPI) AI Stock Analysis

Intrepid Potash, Inc. extracts and produces potash for domestic and international markets across three operating segments: Potash, Trio, and Oilfield Solutions. Its Potash segment supplies muriate of potash (potassium chloride) for agricultural fertilizer, industrial processes, animal feed supplements, and drilling fluids. The Trio segment produces a specialized fertilizer formulation combining potassium, sulfate, and magnesium into a single particle. Through its Oilfield Solutions segment, the company provides water, potassium chloride mixing services, and trucking solutions for hydraulic fracturing in oil and gas operations. Founded in 2000, Intrepid Potash is headquartered in Denver, Colorado.

Intrepid Potash delivered a 5-year revenue CAGR of 8.7% between FY2020 and FY2025. In FY2025, revenue rebounded 17.1% to $298.3M, returning the business to profitability with net income of $11.2M and an operating margin of 5.2%, following net losses of -$35.7M in FY2023 and -$212.8M in FY2024. Over the trailing twelve months, revenue totaled $241.6M with a profit margin of 10.9% and an operating margin of 2.5%. For the latest quarter ended June 30, 2026, revenue fell 1.5% year-over-year, while quarterly earnings expanded by 382.3%.

As of June 30, 2026, Intrepid Potash held $185.0M in cash and short-term investments against total debt of $3.2M, resulting in net cash of $181.8M. Total assets reached $649.9M alongside shareholders' equity of $515.2M, supported by a current ratio of 6.33 and a debt-to-equity ratio of 0.01. In FY2025, the business generated $55.8M in operating cash flow and $25.5M in free cash flow while deploying $30.2M toward capital expenditures. Share count declined 1.3% over the prior 5 years.

Intrepid Potash has a market cap of $435.5M and an enterprise value of $312.4M. The stock trades at a trailing P/E of 35.6x and a forward P/E of 41.2x, above the median of its US-listed Basic Materials peers at 19.7x and 13.4x, respectively. Conversely, its EV/EBITDA multiple of 5.5x is lower than the peer median of 10.5x, while price-to-sales matches the peer median at 1.8x. Over the past year, IPI gained 17.2%, slightly outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of -21.9% significantly lagged the index's 83.0% gain.

Wall Street coverage includes 3 analysts, with 1 Strong Buy and 2 Strong Sell ratings. The mean price target is $36.50, representing a 12.8% premium to the last close of $32.36 on October 16, 2026. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $269.5M and EPS of $2.08, up 44.5%. For next fiscal year, analysts forecast revenue of $257.3M and EPS of $1.38, reflecting a decline of 33.7%. The company has beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Intrepid Potash, Inc. (IPI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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