Intrepid Potash, Inc. IPI

What this company does

Intrepid Potash, Inc. is a diversified mineral company that produces potassium, magnesium, sulfur, salt and water products for the agriculture, animal feed and oil and gas industries, and it is the only U.S. producer of muriate of potash, which is used as a crop nutrient, in industrial applications and as an ingredient in animal feed. During 2025, it supplied approximately 0.5% of global annual potassium consumption and approximately 4.0% of U.S. annual potassium consumption. As of December 31, 2025, it had a total of 478 employees. In 2025 it had no customers that accounted for more than 10% of its total consolidated revenues, while in 2024 and 2023 it had one customer, Bill Barr & Company, Inc., that accounted for more than 10% of its total consolidated revenues. Its three primary products are potash, Trio, and water. It produces potash from three solution mining facilities, the HB solution mine in Carlsbad, New Mexico, a solution mine in Moab, Utah, and a brine recovery mine in Wendover, Utah, also operates a North compaction facility in Carlsbad, New Mexico that compacts and granulates product from the HB mine, and produces Trio at its conventional underground East mine, also in Carlsbad, New Mexico. Intrepid was incorporated in Delaware in 2007.

Written from the business description in Intrepid Potash, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.