Intrepid Potash, Inc.
IPI · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · 13.4M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $15M (gross $22M, SBC $7M)
Reference price $45.24 · est. market cap ~$608M — last insider sale, 2026-05-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C63Only U.S. potash producer with a clean, liquid balance sheet but low, declining returns typical of a commodity price-taker.
Strengths
- Fortress liquidity: current ratio 4.4 (81st pct), interest coverage 46 (95th pct), $83.7M cash and $25.5M FCF with minimal debt
- Unique U.S. potash/Trio position plus diversifying oilfield-water and lithium JDA optionality
Risks
- Net income fell ~105% YoY (13th pct); ROA 1.8% and ROE 2.3% are thin/below median as potash prices declined
- Commodity price/demand volatility, single-region concentration and limited product diversification versus larger rivals
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Key metrics
Return on equity
2.3%
Return on assets
1.8%
Interest coverage
46.0×
Current ratio
4.4×
Free cash flow
$26M
EBITDA
$51M
Tangible book value
$491M
Cash & investments
$84M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Sheehan Christina | Tax withheld | 87 | $37.18 |
| 2026-06-04 | Ingold Cris | Option exercise | 122 | — |
| 2026-06-04 | Ingold Cris | Tax withheld | 36 | $37.18 |
| 2026-06-04 | Crutchfield Kevin S | Option exercise | 2.0K | — |
| 2026-06-04 | Sheehan Christina | Option exercise | 297 | — |
| 2026-06-04 | Crutchfield Kevin S | Tax withheld | 754 | $37.18 |
| 2026-05-28 | Zisch William M | Grant | 2.1K | — |
| 2026-05-28 | WHITHAM BARTH E | Grant | 2.1K | — |
| 2026-05-28 | McBride Mary E | Grant | 2.1K | — |
| 2026-05-28 | Lancaster Lori A | Grant | 2.1K | — |
| 2026-05-28 | Elliott Chris A. | Grant | 2.1K | — |
| 2026-05-28 | Avendano Gonzalo M | Grant | 2.1K | — |
| 2026-05-14 | Crutchfield Kevin S | Option exercise | 1.9K | — |
| 2026-05-14 | Crutchfield Kevin S | Tax withheld | 690 | $42.63 |
| 2026-05-12 | Lancaster Lori A | Sell | 4.8K | $45.24 |
| 2026-04-12 | Ingold Cris | Tax withheld | 711 | $37.35 |
| 2026-03-17 | Sheehan Christina | Grant | 4.0K | — |
| 2026-03-17 | Sheehan Christina | Tax withheld | 1.4K | $41.94 |
| 2026-03-17 | Kim Richard Charles | Grant | 4.6K | — |
| 2026-03-17 | Ingold Cris | Grant | 1.9K | — |
| 2026-03-17 | Ingold Cris | Tax withheld | 471 | $41.94 |
| 2026-03-17 | Crutchfield Kevin S | Grant | 23K | — |
| 2026-03-17 | Crutchfield Kevin S | Tax withheld | 3.3K | $41.94 |
| 2026-03-15 | Sheehan Christina | Tax withheld | 1.7K | $45.26 |
| 2026-03-15 | Ingold Cris | Tax withheld | 289 | $45.26 |
| 2025-12-02 | Crutchfield Kevin S | Option exercise | 932 | — |
| 2025-12-02 | Crutchfield Kevin S | Tax withheld | 7.2K | $25.58 |
| 2025-07-25 | Sheehan Christina | Option exercise | 295 | — |
| 2025-07-25 | Sheehan Christina | Tax withheld | 87 | $35.89 |
| 2025-07-25 | Preston Matthew D | Option exercise | 424 | — |
| 2025-07-25 | Preston Matthew D | Tax withheld | 157 | $35.89 |
| 2025-07-25 | Ingold Cris | Option exercise | 122 | — |
| 2025-07-25 | Ingold Cris | Tax withheld | 36 | $35.89 |
| 2025-07-25 | Crutchfield Kevin S | Option exercise | 2.0K | — |
| 2025-07-25 | Crutchfield Kevin S | Tax withheld | 591 | $35.89 |
| 2025-07-22 | Jornayvaz Robert P III | Sell | 53K | $34.30 |
| 2025-05-29 | HARVEY HUGH E JR | Grant | 2.3K | — |
| 2025-05-29 | Zisch William M | Grant | 2.3K | — |
| 2025-05-29 | WHITHAM BARTH E | Grant | 2.3K | — |
| 2025-05-29 | McBride Mary E | Grant | 2.3K | — |
| 2025-05-29 | Lancaster Lori A | Grant | 2.3K | — |
| 2025-05-29 | Elliott Chris A. | Grant | 2.3K | — |
| 2025-05-29 | Avendano Gonzalo M | Grant | 2.3K | — |
| 2025-05-27 | Jornayvaz Robert P III | Sell | 76 | $37.05 |
| 2025-05-23 | Jornayvaz Robert P III | Sell | 7 | $37.00 |
| 2025-05-21 | Jornayvaz Robert P III | Sell | 1.3K | $37.05 |
| 2025-05-20 | Jornayvaz Robert P III | Sell | 23K | $37.06 |
| 2025-05-06 | Jornayvaz Robert P III | Sell | 60K | $37.66 |
| 2025-05-05 | Preston Matthew D | Tax withheld | 996 | $32.57 |
| 2025-05-05 | Sheehan Christina | Tax withheld | 394 | $32.57 |
| 2025-04-28 | Jornayvaz Robert P III | Sell | 400 | $34.03 |
| 2025-04-25 | Sheehan Christina | Tax withheld | 394 | $33.25 |
| 2025-04-25 | Preston Matthew D | Tax withheld | 830 | $33.25 |
| 2025-04-12 | Ingold Cris | Tax withheld | 710 | $27.69 |
| 2025-04-10 | Preston Matthew D | Tax withheld | 1.4K | $26.10 |
| 2025-04-01 | Jornayvaz Robert P III | Sell | 17 | $30.00 |
| 2025-03-27 | Jornayvaz Robert P III | Sell | 1.3K | $30.58 |
| 2025-03-26 | Jornayvaz Robert P III | Sell | 9.0K | $30.56 |
| 2025-03-25 | Jornayvaz Robert P III | Sell | 8.7K | $30.68 |
| 2025-03-24 | Jornayvaz Robert P III | Sell | 15K | $30.58 |
| 2025-03-17 | Sheehan Christina | Grant | 6.0K | — |
| 2025-03-17 | Ingold Cris | Grant | 2.5K | — |
| 2025-03-17 | Crutchfield Kevin S | Grant | 27K | — |
| 2025-03-17 | Preston Matthew D | Grant | 8.6K | — |
| 2025-03-17 | Jornayvaz Robert P III | Sell | 26K | $28.68 |
| 2025-03-17 | Sheehan Christina | Tax withheld | 439 | $29.18 |
| 2025-03-17 | Preston Matthew D | Tax withheld | 1.3K | $29.18 |
| 2025-03-17 | Ingold Cris | Tax withheld | 256 | $29.18 |
| 2025-03-15 | Preston Matthew D | Tax withheld | 2.3K | $26.57 |
| 2025-03-15 | Sheehan Christina | Tax withheld | 1.8K | $26.57 |
| 2025-03-15 | Ingold Cris | Tax withheld | 290 | $26.57 |
| 2025-03-14 | Jornayvaz Robert P III | Sell | 47K | $26.54 |
| 2025-02-27 | Jornayvaz Robert P III | Sell | 4.8K | $26.34 |
| 2025-02-26 | Jornayvaz Robert P III | Sell | 600 | $25.52 |
| 2025-02-25 | Jornayvaz Robert P III | Sell | 15K | $25.67 |
| 2025-02-14 | Jornayvaz Robert P III | Sell | 57K | $25.84 |
| 2025-01-29 | Jornayvaz Robert P III | Sell | 27K | $26.78 |
| 2025-01-28 | Jornayvaz Robert P III | Sell | 15K | $26.54 |
| 2025-01-27 | Jornayvaz Robert P III | Sell | 5.6K | $27.35 |
| 2025-01-21 | Jornayvaz Robert P III | Sell | 25K | $26.93 |
| 2025-01-14 | Avendano Gonzalo M | Grant | 1.0K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-15 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-06-03 | Shareholder voteReg FDExhibits | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-04-02 | Material agreementAcquisition/dispositionDebt obligationReg FDExhibits | filing ↗ |
| 2026-03-16 | Exec/director changeExhibits | filing ↗ |
| 2026-03-04 | ResultsExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-15 | 2026-06-15 | 0001104659-26-074079 ↗ |
| 8-K | 2026-06-03 | 2026-05-28 | 0001104659-26-070128 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001421461-26-000014 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001421461-26-000012 ↗ |
| 8-K | 2026-04-02 | 2026-03-30 | 0001104659-26-039206 ↗ |
| 8-K | 2026-03-16 | 2026-03-11 | 0001104659-26-028565 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001421461-26-000008 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001421461-26-000005 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001421461-25-000033 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001421461-25-000032 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001421461-25-000024 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001421461-25-000020 ↗ |