Intrepid Potash raised 2026 production guidance and announced plans to begin share buybacks after a stronger Q2 performance.
Intrepid Potash reported a second-quarter adjusted EBITDA of $17.5 million, up from $13.8 million, driven by stronger Trio margins and improved potash operations. Gross margin rose 35% to $16.6 million.
The company increased its 2026 production guidance to 290,000–300,000 tons for potash and 295,000–305,000 tons for Trio, citing better recovery and operational reliability. It also expanded its share buyback authorization to $50 million after selling its South Ranch asset for $68.9 million.
Intrepid plans to begin repurchases in Q3, supported by $185 million in cash and reduced 2026 capital-spending guidance of about $40 million.