Overview

* Intrepid Q2 sales rise to $71.5 mln, beating analyst expectations

* Adjusted net income of $6.0 mln exceeds estimates, per LSEG data

* Adjusted EBITDA of $16.4 mln beats expectations, driven by strong demand

Outlook

* Company lowers 2026 potash production forecast to 270k-280k tons

* Intrepid plans HB mill shutdown in September to boost evaporation

* Company sees 2026 production reduced by 25,000 tons due to AMAX brine issues

Result Drivers

* POTASH DEMAND - Increased potash sales volumes by 25% due to higher production and steady demand, despite lower prices

* TRIO SALES GROWTH - Trio sales rose 25% driven by higher volumes and prices amid strong agricultural demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $71.50 $56.10

mln mln (1

Analyst)

Q2 Beat $6 mln $500,000

Adjusted (1

Net Analyst)

Income

Q2 Net $3.30

Income mln

Q2 Beat $16.40 $13 mln

Adjusted mln (1

EBITDA Analyst)

Q2 Capex $4.10

mln

Analyst Coverage

* The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

* Wall Street's median 12-month price target for Intrepid Potash Inc ( IPI ) is $24.00, about 39.1% below its August 5 closing price of $33.38

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)