Intrepid Potash Q4 EBITDA $63M, Trio Sales Reach 303,000 Tons
Intrepid Potash posted Q4 2025 adjusted net income of $6.5 million and full-year adjusted EBITDA of $63 million, an 80% year-over-year increase driven by strong margins. The company deferred its Amex cavern mining decision to 2027, guided 2026 Trio production of 285,000-300,000 tons, and unveiled a Wendover lithium project with a 119,000-ton resource supporting a 25-year lifespan.
1. Q4 2025 Financial Results
Intrepid Potash reported Q4 2025 adjusted net income of $6.5 million and full-year adjusted EBITDA of $63 million, representing an 80% year-over-year increase driven by operational efficiencies and higher margins.
2. Trio and Potash Sales Performance
The company achieved record Trio sales volumes of 303,000 tons with an average 20% price increase, while total potash volumes rose 20% to 289,000 tons, reflecting robust market demand and effective pricing strategy.
3. 2026 Production Guidance and Amex Cavern Decision
Intrepid Potash deferred its decision on the Amex cavern mining project to 2027 and set 2026 Trio production guidance at 285,000 to 300,000 tons, citing the need for further evaluation of market conditions and project economics.
4. Wendover Lithium Extraction Project
The company announced a new lithium extraction initiative at Wendover with an estimated resource of 119,000 tons, supporting a projected 25-year project lifespan aimed at diversifying its product portfolio and capitalizing on growing lithium demand.