Intrepid Potash, Inc.

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 4, 2026

IPI$33.40+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

INTREPID POTASH, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
	Nine Months Ended September 30,
	2026	2025
Cash Flows from Operating Activities:
Net income	$24,727	$11,614
Income from discontinued operations, net of tax	(13,719)	(6,081)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	28,351	27,645
Accretion of asset retirement obligation	2,329	1,948
Amortization of deferred financing costs	226	226
Stock-based compensation	3,553	3,774
Lower of cost or net realizable value inventory adjustments	1,339	2,160
Impairment of long-lived assets	—	1,866
Loss (gain) on disposal of assets	40	(1,420)
Allowance for parts inventory obsolescence	601	2,335
Loss on equity investment	—	888
Equity in loss of unconsolidated entities	13	318
Changes in operating assets and liabilities:
Trade accounts receivable, net	5,557	(4,036)
Other receivables, net	(191)	(2,432)
Inventory, net	(3,904)	(1,256)
Prepaid expenses and other current assets	(1,741)	(1,591)
Accounts payable, accrued liabilities, and accrued employee compensation and benefits	1,180	4,460
Operating lease liabilities	(743)	(847)
Deferred other income	(1,692)	(1,692)
Other liabilities	4,620	(558)
Net cash provided by operating activities of continuing operations	50,546	37,321
Net cash provided by operating activities of discontinued operations	2,368	9,552
Net cash provided by operating activities	52,914	46,873
Cash Flows from Investing Activities:
Additions to property, plant, equipment, mineral properties and other assets	(24,897)	(18,835)
Purchase of investments	(14,530)	—
Proceeds from sale of assets	9	1,357
Proceeds from redemptions/maturities of investments	—	1,000
Other investing, net	—	2,129
Net cash used in investing activities of continuing operations	(39,418)	(14,349)
Net cash provided by investing activities of discontinued operations	59,169	3,164
Net cash provided by (used in) investing activities	19,751	(11,185)

INTREPID POTASH, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
	Nine Months Ended September 30,
	2026	2025
Cash Flows from Financing Activities:
Payments of financing lease	(982)	(735)
Capitalized debt fees	(811)	—
Employee tax withholding paid for restricted stock upon vesting	(1,304)	(890)
Repurchases of common stock	(822)	—
Proceeds from exercise of stock options	14	1,842
Net cash (used in) provided by financing activities	(3,905)	217
Net Change in Cash, Cash Equivalents and Restricted Cash	68,760	35,905
Cash, Cash Equivalents and Restricted Cash, beginning of period	84,135	41,898
Cash, Cash Equivalents and Restricted Cash, end of period	$152,895	$77,803
Supplemental disclosure of cash flow information
Net cash paid during the period for:
Interest	$343	$324
Income taxes	$211	$246
Amounts included in the measurement of operating lease liabilities	$870	$1,266
Accrued purchases for property, plant, equipment, and mineral properties	$3,650	$1,753
Right-of-use assets exchanged for operating lease liabilities	$—	$2,185
Right-of-use assets exchanged for financing lease liabilities	$1,063	$1,380

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