Intrepid Potash, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Sales | $51,034 | $50,807 | $216,404 | $212,870 |
| Less: | ||||
| Freight costs | 7,137 | 6,579 | 34,917 | 35,081 |
| Warehousing and handling costs | 2,806 | 2,609 | 9,696 | 9,213 |
| Cost of goods sold | 30,803 | 31,261 | 126,090 | 130,782 |
| Lower of cost or net realizable value inventory adjustments | 247 | 406 | 1,339 | 2,160 |
| Gross Margin | 10,041 | 9,952 | 44,362 | 35,634 |
| Selling and administrative | 9,679 | 8,992 | 30,974 | 27,072 |
| Accretion of asset retirement obligation | 776 | 649 | 2,329 | 1,948 |
| Impairment of long-lived assets | — | — | — | 1,866 |
| Loss (gain) on sale of assets | 74 | 2 | 40 | (1,420) |
| Other operating income | (1,294) | (1,145) | (3,583) | (3,650) |
| Other operating expense | 597 | 970 | 7,105 | 4,220 |
| Operating Income | 209 | 484 | 7,497 | 5,598 |
| Other Income (Expense) | ||||
| Equity in loss of unconsolidated entities | (2) | (86) | (13) | (318) |
| Interest expense, net | — | (36) | — | (207) |
| Interest income | 1,422 | 776 | 3,416 | 1,802 |
| Other income (expense) | 96 | 24 | 217 | (796) |
| Income from Continuing Operations Before Income Taxes | 1,725 | 1,162 | 11,117 | 6,079 |
| Income tax (benefit) expense | (7) | 433 | 109 | 546 |
| Net Income from Continuing Operations | $1,732 | $729 | $11,008 | $5,533 |
| Net Income from Discontinued Operations, Net of Tax | — | 3,016 | 13,719 | 6,081 |
| Net Income | $1,732 | $3,745 | $24,727 | $11,614 |
| Net income per share: | ||||
| Continuing operations - Basic | $0.13 | $0.06 | $0.84 | $0.42 |
| Discontinued operations - Basic | $— | $0.23 | $1.04 | $0.47 |
| Net income - Basic | $0.13 | $0.29 | $1.88 | $0.89 |
| Continuing operations - Diluted | $0.13 | $0.05 | $0.83 | $0.42 |
| Discontinued operations - Diluted | $— | $0.23 | $1.03 | $0.46 |
| Net income - Diluted | $0.13 | $0.28 | $1.86 | $0.88 |
| Weighted Average Shares Outstanding: | ||||
| Basic | 13,203 | 13,031 | 13,180 | 12,978 |
| Diluted | 13,280 | 13,190 | 13,280 | 13,150 |
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