INTREPID POTASH INC

Intrepid Potash reported adjusted earnings of $0.56 per share for Q2 2026 on revenue of $66.68 million, well above consensus estimates of $0.31 and $58.27 million. Higher prices, improved process control and production increases drove a rising gross margin and adjusted EBITDA of $17.5 million. The company raised full‑year production guidance for potash and Trio, increased cash to $185 million, announced share buybacks under a $50 million authorization and cut full‑year capital expenditures to about $40 million. » Altro su de.investing.com

The board of directors of Intrepid Potash has increased the existing buyback program from $35 million to $50 million. Under the prior authorization roughly $13 million remained; repurchases may be made on the market or through private transactions. The company cited improved operational performance, a strengthened balance sheet and an ongoing review of capital allocation as reasons; other capital-allocation options such as organic growth, acquisitions or additional returns are being considered. » Altro su de.investing.com

Intrepid Potash has sold the majority of the assets of Intrepid South Ranch to HydroSource Logistics for total consideration of $70 million, including an $8 million deposit received in December 2025. The transaction includes approximately 21,793 acres of fee land, 27,858 acres of federal grazing leases, water rights and other related assets, and comprises the bulk of the oilfield services segment. CEO Kevin Crutchfield described the ranch as non‑core; net proceeds are intended to enable a focus on potash and trio production, investments in the core business and increased financial flexibility. Intrepid highlights a strong balance sheet (current ratio 4.38, leverage 0.01); Raymond James advised on the transaction. » Altro su de.investing.com