Sector: Fertilizers
Geography: United States
COMM_IPI
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/IPI
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | PARTIAL | 98.7 y/y 4.4% | 6.2 y/y 68.2% | 10.0 y/y 1.0% | 16.2 y/y 19.3% | 7.4 y/y 61.1% | 23.2 | -5.2 | 641.5 y/y 6.7% | 498.2 y/y 3.9% | 6.0% | -95.6 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 79.1 y/y 41.8% | 2.8 y/y 123.5% | 10.9 y/y 17.5% | 13.6 y/y 661.0% | -0.4 y/y 99.8% | 8.9 | -10.7 | 632.2 y/y 6.3% | 491.4 y/y 3.6% | 2.3% | -78.2 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 53.2 y/y -7.5% | 0.9 y/y — | 10.2 y/y 11.6% | 11.1 y/y 60.9% | 3.7 y/y — | -4.0 | -7.7 | 616.5 y/y -23.5% | 490.7 y/y -27.9% | 1.0% | -73.5 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 71.5 y/y 15.2% | 3.3 y/y — | 9.7 y/y 3.8% | 12.9 y/y 54.8% | 3.3 y/y — | 39.9 | -4.1 | 607.2 y/y -23.8% | 483.8 y/y -29.1% | 2.7% | -81.6 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 94.5 y/y 19.2% | 3.7 y/y — | 9.9 y/y -1.5% | 13.6 y/y 81.7% | 4.6 y/y — | 10.9 | -7.7 | 601.3 y/y -25.1% | 479.5 y/y -29.7% | 3.9% | -41.9 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 55.8 y/y -1.5% | -11.7 y/y 75.3% | 9.3 y/y -4.8% | -2.4 y/y 93.5% | -207.0 y/y -455.0% | 7.6 | -6.1 | 594.5 y/y -22.6% | 474.4 y/y -30.7% | -36.9% | -41.3 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 57.5 y/y 5.7% | -2.2 y/y — | 9.1 y/y -10.7% | 6.9 y/y 565.3% | -1.8 y/y — | -4.3 | -9.6 | 806.2 y/y 1.7% | 680.6 y/y -5.5% | -0.4% | -35.1 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 62.1 y/y -23.4% | -0.9 y/y -112.9% | 9.3 y/y 3.7% | 8.4 y/y -48.5% | -0.8 y/y -119.3% | 27.7 | -11.3 | 797.0 y/y 0.1% | 682.2 y/y -6.0% | -0.5% | -49.9 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 79.3 y/y -8.8% | -2.5 y/y -147.4% | 10.0 y/y -4.6% | 7.5 y/y -53.0% | -3.1 y/y -169.5% | 41.5 | -11.7 | 802.6 y/y 0.2% | 682.0 y/y -5.3% | -1.8% | -32.0 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 56.7 y/y — | -47.4 y/y — | 9.7 y/y — | -37.7 y/y — | -37.3 y/y — | 4.6 | -26.6 | 768.6 y/y — | 684.4 y/y — | -5.1% | -0.1 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 54.5 y/y — | -9.2 y/y — | 10.2 y/y — | 1.0 y/y — | -7.2 y/y — | -0.3 | -16.6 | 792.8 y/y — | 720.4 y/y — | -1.3% | 3.0 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 81.0 y/y — | 7.3 y/y — | 9.0 y/y — | 16.2 y/y — | 4.3 y/y — | 30.5 | -20.9 | 796.3 y/y — | 726.1 y/y — | 2.4% | -13.2 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 86.9 y/y — | 5.4 y/y — | 10.5 y/y — | 15.9 y/y — | 4.5 y/y — | 8.4 | -21.0 | 801.0 y/y — | 720.3 y/y — | — | -2.4 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
| Year | Reserves, million tons |
|---|---|
| 2025 | 7.20 |
| 2024 | 7.60 |
| Year | Production, thousand tons |
|---|---|
| 2025 | 553 +1.3% |
| 2024 | 546 +24.1% |
| 2023 | 440 |
SEC 10-K (CIK 1421461) via DeepSeek; IPI primary-product production & reserves.
Current 770spot vs LTM +2%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: +0.5% ▼ -4.2 pp 1d
Main driver: Potash (US Gulf Nola) +2% vs LTM; revenue ×1.02 vs costs ×1.03; EBITDA 50→28; at 11.8× EV/EBITDA → +1%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Potash (US Gulf Nola) (rev) | +100% | 770.41 | 756.84 | 666.09 | +2% | -12% |
| Henry Hub Gas (cost) | -5% | 2.91 | 3.37 | 3.11 | -14% | -8% |
| Electricity Spot (cost) | -5% | 57.80 | 58.56 | 52.39 | -1% | -11% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 299 |
| LTM EBITDA | 50 |
| LTM cash costs (revenue − EBITDA) | 249 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.018 (+2%) |
| = Spot revenue | 305 |
| Revenue multiplier — 3y price | ×0.880 (-12%) |
| = 3-year-price revenue | 263 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.028 (+3%) |
| = Spot cash costs | 256 |
| Cost multiplier — 3y price | ×1.027 (+3%) |
| = 3-year-price cash costs | 255 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 49 |
| = 3-year-price EBITDA | 8 |
| Conservative EBITDA = min(spot, avg) | 28 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 11.8x |
| Target EV = EV/EBITDA × conservative EBITDA | 334 |
| Net debt | -96 |
| Target market cap = EV − net debt | 442 |
| Current market cap | 440 |
Upside = target market cap ÷ current − 1 = +0.5%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q2 | 81 | 62 | +30.0% | 16 | 9 | +73.9% |
| 2023 Q3 | 54 | 55 | -1.2% | 1 | -2 | — |
| 2023 Q4 | 57 | 63 | -10.7% | -37 | 4 | -1126.0% |
| 2024 Q1 | 79 | 60 | +32.0% | 7 | -11 | — |
| 2024 Q2 | 62 | 58 | +7.0% | 8 | -15 | — |
| 2024 Q3 | 58 | 61 | -5.0% | 7 | -9 | — |
| 2024 Q4 | 56 | 61 | -8.4% | -1 | -9 | — |
| 2025 Q1 | 95 | 70 | +35.4% | 14 | 8 | +67.5% |
| 2025 Q2 | 71 | 83 | -13.9% | 13 | 20 | -35.1% |
| 2025 Q3 | 53 | 86 | -38.1% | 11 | 22 | -50.6% |
| 2025 Q4 | 76 | 78 | -3.3% | 10 | 16 | -35.9% |
| 2026 Q1 | 99 | 83 | +18.4% | 16 | 20 | -19.6% |
Projected EV/EBITDA 4.3x · target 75th pct (3y) 11.8x · LTM avg 11.5x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Intrepid Potash (IPI) — from primary filings.
Intrepid Potash, Inc. produces and sells potassium, magnesium, sulfur, salt, and water products for agricultural, industrial, and oilfield applications. Its operations are divided into Potash, Trio, and Oilfield Solutions segments.