Intrepid Potash beats Q3 sales estimates

Intrepid Potash

05/11/2025 22:17

Overview

Intrepid Potash Q3 sales of $53.2 mln beat analyst expectations

Adjusted net income and EBITDA for Q3 missed analyst expectations

Company sees strong potash market fundamentals and improved Trio production

Outlook

Intrepid expects higher Trio production rates of 70-75k tons per qtr in 2026

Company sees solid fertilizer demand supported by U.S. agriculture market improvements

Intrepid expects 2025 capital expenditures of $30-34 mln

Result Drivers

PRICE INCREASES - Full realization of first half 2025 price increases drove higher gross margins

POTASH VOLUME INCREASE - Potash sales volumes rose 15% due to improved production

TRIO SALES DECLINE - Trio sales volumes decreased 20% due to seasonality and first half demand concentration

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$53.20 mln
$49.54 mln (1 Analyst)
Q3 Adjusted Net Income
Miss
$1.50 mln
$2.96 mln (1 Analyst)
Q3 Net Income
$3.70 mln
Q3 Adjusted EBITDA
Miss
$12 mln
$12.51 mln (1 Analyst)
Q3 Capex
$7.70 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"

The average consensus recommendation for the agricultural chemicals peer group is "buy."

Wall Street's median 12-month price target for Intrepid Potash Inc is $23.00, about 11.7% below its November 4 closing price of $25.68

Press Release: ID:nBw6PL6t6a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)