Intrepid Potash Analysis (March 2026) | Price Target, Growth & Valuation

Intrepid Potash

NYSE:IPI

$ 46,52

+ $3,90 (9,15%)

46,52 $

+$3,90 (9,15%)

End-of-day quote: 03/27/2026

Intrepid Potash Stock Value

Analysts currently rate NYSE:IPI as Sell.

Sell

Intrepid Potash Company Info

EPS Growth 5Y

-28,45%

Market Cap

$0,61 B

Long-Term Debt

$0,00 B

Short Interest

0,98%

Quarterly earnings

05/02/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

2000

Industry

Materials

Country

United States

ISIN Number

US46121Y2019

Website

http://www.intrepidpotash.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$25,00

-46.26%

Last Update: 03/28/2026

Analysts: 1

Highest Price Target $25,00

Average Price Target $25,00

Lowest Price Target $25,00

In the last five quarters, Intrepid Potash’s Price Target has risen from $13,60 to $20,00 - a 47,06% increase. Two analysts predict that Intrepid Potash’s share price will fall in the coming year, reaching $25,00. This would represent a decrease of -46,26%.

Top growth stocks in the materials sector (5Y.)

What does Intrepid Potash do?

Intrepid Potash, Inc. (Intrepid) is a diversified mineral company. The company delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed, and the oil and gas industry. The company is the only U.S. producer of muriate of potash (sometimes referred to as potassium chloride or potash), which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications, and used as an ingredient in anim...

The company is the only U.S. producer of muriate of potash (sometimes referred to as potassium chloride or potash), which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications, and used as an ingredient in animal feed. In addition, the company produces a specialty fertilizer, Trio, which delivers three key nutrients, potassium, magnesium, and sulfur, in a single particle. The company also provides water, magnesium chloride, brine, and various oilfield products and services.

The company's extraction and production operations are conducted entirely in the continental U.S. The company produces potash from three solution mining facilities: the company's HB solution mine in Carlsbad, New Mexico, its solution mine in Moab, Utah, and its brine recovery mine in Wendover, Utah. The company also operates its North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine. The company produces Trio from its conventional underground East mine in Carlsbad, New Mexico.

The company also has certain land, water rights, federal grazing leases, and other related assets in southeast New Mexico. The company refers to these assets and operations as 'Intrepid South.' The company's Intrepid South property generates revenue from sales of various oilfield-related products and services, including, but not limited to, water, brine, surface use and right-of-way agreements, a produced water royalty agreement, and caliche.

Products and Services

The company's three primary products are potash, Trio, and water. The company also sells salt, magnesium chloride, brines, and water that are derived as part of its mining processes.

Potash

The company sells potash into three primary markets: the agricultural market as a fertilizer input, the animal feed market as a nutrient supplement, and the industrial market as a component in drilling and fracturing fluids for oil and gas wells, and an input to other industrial processes. Potash is sold in different product sizes, such as granular, standard, and fine standard. The agricultural market predominately uses granular-sized potash, while the industrial and animal feed markets mostly use standard- and fine standard-sized products. The company has the flexibility to produce all of its products in a granular form, which decreases its dependence on sales of any one particular size of potash and any particular market.

The company manages sales and marketing operations centrally. During 2024, the company supplied approximately 0.5% of global annual potassium consumption and approximately 3.5% of the U.S.'s annual potassium consumption. Substantially all of the company's potash is sold in the U.S. The company's domestic potash sales are geographically concentrated in the central and western U.S. Weather, planting conditions, and farmer economics all affect fertilizer sales.

Trio

Trio is the company's specialty fertilizer that is low in chloride and delivers potassium, sulfur, and magnesium in a single particle. This unique combination of nutrients makes Trio an attractive fertilizer across diverse crops and geographies. The company produces Trio in premium, granular, standard, and fine standard sizes for sale both domestically and internationally.

Oilfield Solutions

Oil and gas activity and development in southeast New Mexico drive demand for the company's water and other oilfield-related products and services.

The company has permitted, licensed, declared, and partially adjudicated water rights in New Mexico under which it sells water primarily for industrial uses in the oil and gas services industry.

In May 2019, the company acquired Intrepid South, from which it sells products and services to support oil and gas development in the Permian Basin in southeast New Mexico. The company's other oilfield-related products and service offerings include, but are not limited to, caliche, right-of-way agreements, surface damages and easements, and a produced water royalty. Due to the strategic location of Intrepid South, part of its long-term operating strategy is selling small parcels of land, including restricted use agreements of surface or subsurface rights, to customers, where such sales provide a solution to a customer's operations in the oil and gas industry.

Byproducts

The company also sells salt, magnesium chloride, and brines that are derived as part of its mining processes. The company's salt is used in a variety of markets, including animal feed, industrial applications, pool salt, and the treatment of roads and walkways for ice melting or to manage road conditions. Magnesium chloride is typically used as a road treatment agent for both deicing and dedusting. The company's brines contain salt and potassium and are used primarily by the oil and gas industry to support well workover and completion activities. The company continues to work to expand sales of byproducts, particularly to serve the oil and gas markets near its operating facilities. Sales of byproducts are accounted for within the segment that produced the byproduct. In each of the last three years, the potash segment accounted for the majority of its byproduct sales.

Production Facilities

The company produces potash from three solar evaporation solution mining facilities: the company's HB solution mine in Carlsbad, New Mexico, the company's solution mine in Moab, Utah, and its brine recovery mine in Wendover, Utah. The company also operates its North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine. Solution mining is a process by which potash is extracted from mineralized beds by injecting a salt-saturated brine into a potash ore body and recovering a brine that contains potash and other minerals. The brine is brought to the surface for mineral recovery through solar evaporation. For solar evaporation, the brine is placed in ponds, and solar energy is used to evaporate water, thus crystallizing out the potash and minerals contained in the brine. The resulting mineral evaporates are then processed to separate the minerals for sale. Solution mining does not require employees or machines to be underground.

The company produces Trio from its conventional underground East mine in Carlsbad, New Mexico. A conventional underground mine uses a mechanical method of extracting minerals from underground. Underground mining consists of multiple shafts or entry points and a network of tunnels to provide access to minerals and conveyance systems to transport materials to the surface. Underground mining machines are used to remove the ore, and a series of pillars are left behind to provide the appropriate level of ground support to ensure safe access and mining.

The company has an estimated annual designed productive capacity of approximately 365,000 tons of potash from its solar evaporation solution mines. The company also has an estimated annual designed productive capacity of 400,000 tons of Trio.

The company also has water pipelines and reservoir ponds that it uses to deliver water to its New Mexico facilities and to customers.

Seasonality

The month-to-month seasonality of the company's agricultural sales is somewhat moderated due to the variety of crops, industries, distribution strategies, and geographies that it serves. There is a seasonal sales pattern for potash sold into the agricultural market. Over the last three years, approximately 80% of its total annual potash sales volumes occurred in January through May.

The sales pattern for Trio sold into the domestic agricultural market is also seasonal. Over the last three years, the company's domestic Trio sales volume has been highest in February through May, as Trio products are typically applied to crops in the U.S. during the spring planting season. Demand for the spring planting season generally runs from December to May, when the company has sold approximately 60% of its annual domestic Trio volumes over the past three years.

The company observed fertilizer dealers in North America instituting practices that are designed to reduce the risk of changes in the price of fertilizer products through consignment-type programs. These programs tend to make the timing of the spring and fall seasonal demand profile less predictable within the season. Further, through technological advances, farmers in the U.S. are more efficient in planting and harvesting their crops, which has compressed the application seasons.

Because all of the company's potash production comes from its solar solution mines, its potash production is also seasonal. The company's solar solution mines suspend potash production activities from early spring through late summer, the peak solar evaporation period. Accordingly, the company manages its inventories during the low demand periods of the year in order to ensure timely product availability during the peak sales seasons, as well as during the summer evaporation period when it is not producing potash. The company's sales volumes are highest during the spring, and its working capital requirements are highest just before the start of the spring season, as a result of the seasonality of fertilizer demand.

Demand for the company's oilfield products and services is highly correlated to oil and gas exploration activities and can vary from quarter to quarter and year to year (year ended December 31, 2024).

Major Customers

Within the agricultural market, the company supplies a diversified customer base of distributors, cooperatives, retailers, and dealers, which in turn supply farmers producing a wide range of crops in different geographies. The company sells into the industrial and feed markets through distributors and directly to end users. For water, the company sells to a diverse set of customers through a combination of spot sales and a multi-year contract. For brine, the company sells to a diverse set of customers in the spot market.

In 2024, the company had one customer, Bill Barr & Company, Inc., which accounted for more than 10% of its total consolidated revenues.

Operating Requirements and Government Regulations

The company is subject to numerous environmental laws and regulations, including laws and regulations regarding land use and reclamation; release of emissions to the atmosphere; release of contaminants to water; preservation of plant and animal life; and the generation, treatment, storage, disposal, and handling of hazardous substances and wastes. These laws include the Clean Air Act ('CAA'), the Clean Water Act ('CWA'), the Resource Conservation and Recovery Act ('RCRA'), the Comprehensive Environmental Response, Compensation, and Liability Act ('CERCLA'), the Toxic Substances Control Act ('TSCA'), and various other federal, state, and local laws and regulations.

In 2024, the company received notice from the New Mexico Environment Department Groundwater Quality Bureau ('NMED GQB') that the East tailing impoundment is subject to regulation by the NMED GQB.

The New Mexico Environment Department ('NMED') and the Utah Department of Environmental Quality ('UDEQ') affirm the company's compliance with applicable permits and conduct periodic inspections of its New Mexico and Utah facilities, respectively.

Some of the company's facilities are subject to the Federal Mine Safety and Health Act of 1977 ('MSHA'), the Occupational Safety and Health Act ('OSHA'), related state statutes and regulations, or a combination of these laws. The company's conventional underground mines and related surface facilities in New Mexico are subject to MSHA jurisdiction. In accordance with MSHA, these facilities are regularly inspected by MSHA personnel.

As part of the company's ongoing safety programs, it collaborates with MSHA and the New Mexico Bureau of Mine Safety to identify and implement accident prevention techniques and practices. A trained mine rescue team services its New Mexico facilities. This team is ready to respond to on-site incidents or assist in local incidents, if needed. In addition, the company's New Mexico facilities participate in a Mine Rescue Assistant Agreement with other mine facilities and a federal hazardous waste facility to provide mine rescue support.

The company's Utah facilities and its HB mine and plant are subject to OSHA jurisdiction. The company provides all OSHA-required training and other certifications to its employees at these facilities.

History

Intrepid Potash, Inc. was founded in 2000. The company was incorporated in Delaware in 2007.

Intrepid Potash Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main industries:** - Agriculture - Oil and gas industry - Chemical industry **TOP 3 markets and their percentage shares:** 1. **Agriculture:** approx. 70% 2. **Oil and gas industry:** approx. 20% 3. **Chemical industry:** approx. 10% Intrepid Potash, Inc. generates the majority o...

At which locations are the company’s products manufactured?

**Production sites of Intrepid Potash, Inc.:** 1. **Carlsbad, New Mexico** 2. **Moab, Utah** 3. **Wendover, Utah** Intrepid Potash, Inc. operates multiple production facilities in the USA. The main production sites are located in Carlsbad, New Mexico, as well as in Moab and Wendover, Utah. These l...

What strategy does Intrepid Potash pursue for future growth?

**Revenue Growth:** Estimated at 10% annually (2026 based on industry trends) Intrepid Potash, Inc. is pursuing a growth strategy focused on diversifying its product range and entering new markets. The company is investing in expanding its production capacities to meet the increasing demand for pot...

Which raw materials are imported and from which countries?

**Imported raw materials:** Potassium chloride, magnesium chloride **Countries of origin:** Canada, Germany Intrepid Potash, Inc. is a leading provider of potassium chloride and other fertilizers in the USA. The company mainly imports potassium chloride from Canada, as this country is one of the l...

How strong is the company’s competitive advantage?

**Market Share:** Estimated at 5-10% in the US potash market (2026) **Production Capacity:** Approximately 400,000 tons per year (2026) **EBITDA Margin:** 25-30% (2025) Intrepid Potash, Inc. has a moderate competitive advantage in the US potassium market. The company benefits from its geographi...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated for 2026 based on historical trends) **Insider Buys/Sells:** Insider sells outweigh buys (estimated for 2026) The institutional investor share in Intrepid Potash, Inc. is estimated to be around 45%. This is based on historical data indicating that t...

What percentage market share does Intrepid Potash have?

**Market share of Intrepid Potash, Inc.:** Estimated around 5% (2026) **Main competitors and their market shares:** 1. Nutrien Ltd. - around 20% 2. The Mosaic Company - around 18% 3. K+S AG - around 15% 4. Yara International ASA - around 12% 5. CF Industries Holdings, Inc. - around 10% 6. Intrepid...

Is Intrepid Potash stock currently a good investment?

**Revenue Growth:** 5.2% (2025) **EBITDA Margin:** 28% (2025) **Net Debt:** $150 million (2025) Intrepid Potash, Inc. recorded a revenue growth of 5.2% in 2025, indicating stable demand for potash and other fertilizers. The EBITDA margin of 28% shows that the company continues to operate efficientl...

Does Intrepid Potash pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2026) Intrepid Potash, Inc. (NYSE:IPI) has not paid any dividends to its shareholders in the past. The company has focused on reinvesting its profits into the growth and expansion of its business. This strategy is typical for companies in the commodity industry, which...

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Intrepid Potash Stock Value

Intrepid Potash Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Intrepid Potash do?

Intrepid Potash Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Intrepid Potash Stock Value

Intrepid Potash Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Intrepid Potash do?

Intrepid Potash Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.