INTREPID POTASH, INC., 10-Q filed on 5/7/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 31, 2026
Apr. 30, 2026
Document and Entity Information [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-34025  
Entity Registrant Name INTREPID POTASH, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 26-1501877  
Entity Address, Address Line One 707 17th Street, Suite 4200  
Entity Address, City or Town Denver,  
Entity Address, State or Province CO  
Entity Address, Postal Zip Code 80202  
City Area Code 303  
Local Phone Number 296-3006  
Title of 12(b) Security Common Stock, par value $0.001 per share  
Trading Symbol IPI  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   13,433,030
Entity Central Index Key 0001421461  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 99,259 $ 83,537
Accounts receivable:    
Trade, net 46,255 31,979
Other receivables, net 158 159
Inventory, net 95,685 112,191
Prepaid expenses and other current assets 4,535 5,312
Assets held for sale 57,752 59,154
Total current assets 303,644 292,332
Property, plant, equipment, and mineral properties, net 296,001 298,756
Water rights 2,311 2,311
Long-term parts inventory, net 31,316 31,506
Long-term investments 179 179
Other assets, net 8,091 7,095
Total Assets 641,542 632,179
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 13,953 9,656
Accrued liabilities 11,976 10,456
Accrued employee compensation and benefits 9,169 12,481
Other current liabilities 19,432 19,811
Liabilities held for sale 3,238 3,370
Total current liabilities 57,768 55,774
Asset retirement obligation, net of current portion 39,228 38,452
Operating lease liabilities 1,310 1,550
Finance lease liabilities 2,370 1,741
Deferred other income, long-term 42,669 43,233
Total Liabilities 143,345 140,750
Commitments and Contingencies
Common stock, $0.001 par value; 40,000,000 shares authorized; 13,186,538 and 13,131,663 shares outstanding at March 31, 2026 and December 31, 2025, respectively 14 14
Additional paid-in capital 673,647 674,297
Accumulated deficit (153,452) (160,870)
Less treasury stock, at cost (22,012) (22,012)
Total Stockholders' Equity 498,197 491,429
Total Liabilities and Stockholders' Equity $ 641,542 $ 632,179
Common Stock Shares Issued Not Disclosed false false
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 40,000,000 40,000,000
Common stock, shares outstanding 13,186,538 13,131,663
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Sales $ 98,685 $ 94,527
Less:    
Lower of cost or net realizable value inventory adjustments 822 1,335
Gross Margin 17,672 13,321
Selling and administrative 11,273 9,155
Accretion of asset retirement obligation 776 649
Impairment of long-lived assets 0 662
Gain on sale of assets (28) (160)
Other operating income (1,160) (1,283)
Other operating expense 586 596
Operating Income 6,225 3,702
Other Income (Expense)    
Interest expense, net 0 (105)
Interest income 667 375
Other income (expense) 48 (466)
Income from Continuing Operations Before Income Taxes 6,940 3,506
Income tax expense (59) (78)
Net Income from Continuing Operations 6,881 3,428
Net Income from Discontinued Operations, Net of Tax 537 1,178
Net Income $ 7,418 $ 4,606
Net income per share:    
Continuing operations - Basic $ 0.52 $ 0.27
Discontinued operations - Basic 0.04 0.09
Net income - Basic 0.56 0.36
Continuing operations - Diluted 0.52 0.26
Discontinued operations - Diluted 0.04 0.09
Net income - Diluted $ 0.56 $ 0.35
Weighted Average Shares Outstanding:    
Basic (in shares) 13,141 12,917
Diluted (in shares) 13,287 13,088
Freight Costs [Member]    
Less:    
Cost of goods sold $ 16,730 $ 17,491
Warehouse and Handling [Member]    
Less:    
Cost of goods sold 3,844 3,490
Mineral [Member]    
Less:    
Cost of goods sold $ 59,617 $ 58,890
v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Balance (in shares) at Dec. 31, 2024   12,908,078      
Balance at Dec. 31, 2024 $ 474,392 $ 14 $ (22,012) $ 668,445 $ (172,055)
Net income (loss) 4,606       4,606
Stock-based compensation 1,099     1,099  
Exercise of stock options 38     38  
Exercise of stock options (in shares)   3,681      
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (in shares)   49,416      
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (682)     (682)  
Balance (in shares) at Mar. 31, 2025   12,961,175      
Balance at Mar. 31, 2025 479,453 $ 14 (22,012) 668,900 (167,449)
Balance (in shares) at Dec. 31, 2025   13,131,663      
Balance at Dec. 31, 2025 491,429 $ 14 (22,012) 674,297 (160,870)
Net income (loss) 7,418       7,418
Stock-based compensation 516     516  
Exercise of stock options 14     14  
Exercise of stock options (in shares)   1,395      
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (in shares)   53,480      
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (1,180)     (1,180)  
Balance (in shares) at Mar. 31, 2026   13,186,538      
Balance at Mar. 31, 2026 $ 498,197 $ 14 $ (22,012) $ 673,647 $ (153,452)
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income from Continuing Operations $ 7,418 $ 4,606
Income from discontinued operations, net of tax (537) (1,178)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 9,949 9,854
Accretion of asset retirement obligation 776 649
Amortization of deferred financing costs 111 75
Amortization of intangible assets 2 2
Stock-based compensation 516 1,099
Lower of cost or net realizable value inventory adjustments 822 1,335
Impairment of long-lived assets 0 662
Gain on disposal of assets (28) (160)
Allowance for doubtful accounts 0 137
Allowance for parts inventory obsolescence 13 0
Loss on equity investment 0 474
Changes in operating assets and liabilities:    
Trade accounts receivable, net (14,275) (26,892)
Other receivables, net 0 (540)
Inventory, net 15,860 16,533
Prepaid expenses and other current assets 203 320
Accounts payable, accrued liabilities, and accrued employee compensation and benefits 1,344 524
Operating lease liabilities (246) (378)
Deferred other income (564) (564)
Other liabilities (30) 210
Net cash provided by operating activities of continuing operations 21,334 6,768
Net cash provided by operating activities of discontinued operations 1,833 4,149
Net cash provided by operating activities 23,167 10,917
Cash Flows from Investing Activities:    
Additions to property, plant, equipment, mineral properties and other assets (5,133) (7,664)
Proceeds from sale of assets 9 0
Proceeds from redemptions/maturities of investments 0 500
Net cash used in investing activities of continuing operations (5,124) (7,164)
Net cash (used in) provided by investing activities of discontinued operations (27) 1,496
Net cash used in investing activities (5,151) (5,668)
Cash Flows from Financing Activities:    
Payments of financing lease (594) (243)
Capitalized debt fees (531) 0
Employee tax withholding paid for restricted stock upon vesting (1,180) (682)
Proceeds from exercise of stock options 14 38
Net cash used in financing activities (2,291) (887)
Net Change in Cash, Cash Equivalents and Restricted Cash 15,725 4,362
Cash, Cash Equivalents, and Restricted Cash, beginning of period 84,135 41,898
Cash, Cash Equivalents, and Restricted Cash, end of period 99,860 46,260
Supplemental disclosure of cash flow information    
Interest 173 114
Income taxes 0 11
Amounts included in the measurement of operating lease liabilities 294 414
Accrued purchases for property, plant, equipment, and mineral properties 3,430 1,255
Right-of-use assets exchanged for operating lease liabilities 0 1,948
Right-of-use assets exchanged for financing lease liabilities $ 1,063 $ 440
v3.26.1
COMPANY BACKGROUND
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
COMPANY BACKGROUND COMPANY BACKGROUND
We are a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed, and the oil and gas industry. We are 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, we produce a specialty fertilizer, Trio®, which delivers three key nutrients: potassium, magnesium, and sulfate, in a single particle.
Our extraction and production operations are conducted entirely in the continental U.S. We produce potash from three solution mining facilities: our HB solution mine in Carlsbad, New Mexico, our solution mine in Moab, Utah, and our brine recovery mine in Wendover, Utah. We also operate the North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine. We produce Trio® from our conventional underground East mine in Carlsbad, New Mexico.
    We have permitted, licensed, declared, and adjudicated water rights in New Mexico that support our mining and industrial operations.
We also had certain land, water rights, federal grazing leases, and other related assets in southeast New Mexico. We referred to these assets and operations as "Intrepid South." Our Intrepid South property generated 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. In March 2026, our Board of Directors ("Board") approved the sale of Intrepid South and we determined that Intrepid South met held for sale and discontinued operations accounting criteria. We received a two payments totaling of $70.0 million related to the sale of Intrepid South, with an $8.0 million deposit received in December 2025, and a $62.0 million payment received on April 1, 2026. The final sales price is subject to customary adjustments and closing conditions determined within 120 days following the closing date.
We have two reportable segments: potash and, Trio®. With Intrepid South meeting the criteria for discontinued operations, our oilfield solutions segment is no longer considered a reportable segment at March 31, 2026. We account for sales of byproducts as revenue in the potash or Trio® segment based on which segment generates the byproduct. Any intersegment sales prices are market-based and are eliminated.
"Intrepid," "our," "we," or "us" means Intrepid Potash, Inc. and its consolidated subsidiaries.
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financial Statement Presentation—Our unaudited Condensed Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation of interim financial information, have been included. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.
Recently Adopted Accounting Standards—In July 2025, the FASB issued ASU 2025-05, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets" ("ASU 2025-05"). ASU 2025 amends the guidance in ASC 326 to simplify the estimation of credit losses on current accounts receivable and current contract assets arising from transactions accounted for under ASC 606. The amendments allow all entities to elect a practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses on these assets. The adoption of this standard did not have an impact on our results of operations, cash flows and financial condition.
Pronouncements Issued But Not Yet Adopted—In November 2024, the FASB issued ASU 2024-03, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40)." ASU 2024-03 requires additional disclosures about the nature of expenses included in the income statement, such as purchases of inventory, employee compensation and depreciation. ASU 2024-03 is effective for public business entities for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are currently evaluating the guidance and expect it to only impact disclosures with no impact to results of operations, cash flows and financial condition.
In December 2025, the FASB issued ASU 2025-11, "Interim Reporting (Topic 270): Narrow-Scope Improvements" which clarifies the application, form and content, and required disclosures for interim financial statements prepared in accordance with GAAP. The ASU improves the organization and clarity of Topic 270 by specifying interim reporting requirements, consolidating required interim disclosures and introducing a disclosure principle for events and changes occurring after the end of the most recent annual reporting period that have a material impact on the entity. This guidance is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, for public business entities. Early adoption is permitted. The amendments in this ASU are not expected to have a material effect on our financial position or results of operations.
v3.26.1
DISCONTINUED OPERATIONS
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations DISCONTINUED OPERATIONS
In March 2026, our Board approved the sale of Intrepid South. As of March 31, 2026, we determined that Intrepid South met the accounting criteria for held for sale and discontinued operations. Intrepid South assets and liabilities are classified as held for sale in the Condensed Consolidated Balance Sheets for all periods presented. Assets and liabilities classified as held for sale are recorded at the lower of carrying value or fair value. The assets and liabilities held for sale were not measured at fair value as the expected selling price exceeded their net carrying value.
The table below presents the assets and liabilities held for sale (amounts in thousands):

March 31, 2026December 31, 2025
Accounts receivable$1,030 $1,797 
Inventory81 114 
Prepaid expenses and other current assets24 43 
Property, plant, equipment, and mineral properties, net35,481 36,017 
Water rights16,873 16,873 
Other long term assets4,263 4,310 
Assets held for sale$57,752 $59,154 
Accounts payable$245 $188 
Accrued liabilities81 140 
Accrued employee compensation and benefits137 170 
Contract liability - current portion782 753 
Asset retirement obligations398 389 
Long term contract liability1,595 1,730 
Liabilities held for sale$3,238 $3,370 

The following table presents the results of discontinued operations for the three months ended March 31, 2026, and 2025 (amounts in thousands):

Three Months Ended March 31,
20262025
Sales$2,366 $3,233 
Less: cost of goods sold1,823 1,952 
Gross Margin543 1,281 
Accretion of asset retirement obligation9 8 
Gain on sale of assets(3)(22)
Other operating income— (1)
Net income of discontinued operations before income tax537 1,296 
Income tax expense— (118)
Net income of discontinued operations, net of tax$537 $1,178 
Contract Balances: Customers generally pay the total amount due under surface use agreements. Depending on the nature of the performance obligations in the various surface use agreements, revenue may be recognized at a point in time or over time. Our contract liabilities (sometimes referred to in practice as deferred revenue) represent the amount of cash received from customers under surface use agreements where the associated revenue is being recognized over time.
As of March 31, 2026, and December 31, 2025, we had a total of $2.4 million and $2.5 million of contract liabilities, respectively, of which $0.8 million were current as of March 31, 2026, and December 31, 2025, and are included in "Liabilities held for sale" on the Condensed Consolidated Balance Sheets.
Our deferred revenue activity for the three months ended March 31, 2026, and 2025, all relates to surface use agreements at Intrepid South. Deferred revenue activity during the periods is shown below (in thousands):
Three Months Ended March 31,
20262025
Beginning balance$2,483 $2,431 
Additions123 376 
Recognized as revenue during period(229)(380)
Ending Balance$2,377 $2,427 
v3.26.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. For purposes of determining diluted earnings per share, basic weighted-average common shares outstanding is adjusted to include potentially dilutive securities, including restricted stock, stock options, and restricted stock units. The treasury-stock method is used to measure the dilutive impact of potentially dilutive shares. Potentially dilutive shares are excluded from the diluted weighted-average shares outstanding computation in periods in which they have an anti-dilutive effect. The following table shows the calculation of basic and diluted earnings per share (in thousands, except per share amounts):
Three Months Ended
March 31,
20262025
Net Income from Continuing Operations$6,881 $3,428 
Net Income from Discontinued Operations, Net of Tax537 1,178 
Net income from Continuing Operations$7,418 $4,606 
Basic weighted-average common shares outstanding13,141 12,917 
Add: Dilutive effect of restricted stock142 124 
Add: Dilutive effect of stock options1 47 
Add: Dilutive effect of restricted stock units3 — 
Diluted weighted-average common shares outstanding13,287 13,088 
Net income per share:
Continuing operations - Basic$0.52 $0.27 
Discontinued operations - Basic$0.04 $0.09 
Net income - Basic$0.56 $0.36 
Continuing operations - Diluted$0.52 $0.26 
Discontinued operations - Diluted$0.04 $0.09 
Net income - Diluted$0.56 $0.35 

The following table shows the shares that have an anti-dilutive effect and are excluded from the diluted weighted-average shares outstanding computations (in thousands):
Three Months Ended
March 31,
20262025
Anti-dilutive effect of restricted stock16 37 
Anti-dilutive effect of stock options outstanding— 156 
Anti-dilutive effect of restricted stock units outstanding188 126 
v3.26.1
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
 3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH CASH, CASH EQUIVALENTS AND RESTRICTED CASH
    We consider financial instruments with original maturities of three months or less to be cash equivalents. Total cash, cash equivalents and restricted cash, as shown on the Condensed Consolidated Statements of Cash Flows are included in the following accounts at March 31, 2026, and 2025 (in thousands):
March 31, 2026March 31, 2025
Cash and cash equivalents$99,259 $45,668 
Restricted cash included in other current assets25 25 
Restricted cash included in other long-term assets576 567 
Total cash, cash equivalents, and restricted cash as shown in the statement of cash flows$99,860 $46,260 
    
Restricted cash included in other current and long-term assets on the Condensed Consolidated Balance Sheets represents amounts for which use is restricted by contractual agreements with various entities, principally the Bureau of Land Management or the states of Utah and New Mexico, as security to fund future reclamation obligations at our sites.
v3.26.1
INVENTORY AND LONG-TERM PARTS INVENTORY
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORY AND LONG-TERM PARTS INVENTORY INVENTORY AND LONG-TERM PARTS INVENTORY
    The following summarizes our inventory, recorded at the lower of weighted-average cost or estimated net realizable value, as of March 31, 2026, and December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
Finished goods product inventory$53,570 $63,893 
In-process inventory26,355 32,744 
Total product inventory79,925 96,637 
Current parts inventory, net15,760 15,554 
Total current inventory, net95,685 112,191 
Long-term parts inventory, net31,316 31,506 
Total inventory, net$127,001 $143,697 

Parts inventory is shown net of estimated allowances for obsolescence of $1.5 million as of March 31, 2026, and December 31, 2025.
v3.26.1
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES
    Property, plant, equipment, and mineral properties were comprised of the following (in thousands):
March 31, 2026December 31, 2025
Land$519 $519 
Ponds and land improvements87,976 87,881 
Mineral properties and development costs156,418 155,221 
Buildings and plant98,909 97,924 
Machinery and equipment328,827 324,327 
Vehicles8,453 8,061 
Office equipment and improvements9,448 10,000 
Operating lease ROU assets3,181 3,181 
Construction in progress12,998 13,925 
Total property, plant, equipment, and mineral properties, gross$706,729 $701,039 
Less: accumulated depreciation, depletion, and amortization(410,728)(402,283)
Total property, plant, equipment, and mineral properties, net$296,001 $298,756 

During the three months ended March 31, 2026, we did not record any impairment expense. For any Trio® segment capital spending during the three months ended March 31, 2025, we estimated the fair value of those assets using the expected proceeds received in an orderly sale of those new assets and we recorded impairment expense of $0.7 million.
We incurred the following expenses for depreciation, depletion, and amortization, including expenses capitalized into inventory, for the following periods (in thousands):
Three Months Ended March 31,
20262025
Depreciation$8,149 $7,953 
Depletion1,584 1,550 
Amortization of right of use assets216 351 
Total incurred$9,949 $9,854 
v3.26.1
OTHER LONG-TERM DEFERRED REVENUE
 3 Months Ended
Mar. 31, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
OTHER LONG-TERM DEFERRED INCOME OTHER LONG-TERM DEFERRED INCOME
Cooperative Development Agreement—In December 2023, we entered into the Third Amendment of Cooperative Development Agreement (the "CDA Amendment") with XTO Holdings, LLC ("XTO Holdings") and XTO Delaware Basin LLC, as successors in interest to BOPCO, L.P. ("XTO Delaware Basin," and together with XTO Holdings, "XTO"), with an effective date of January 1, 2024 ("Amendment Date"). The CDA Amendment further amends that certain Cooperative Development Agreement, by and between us, BOPCO, L.P. and the other parties thereto, effective as of February 28, 2011 (as amended, including by the CDA Amendment, the "CDA"), which was executed for the purpose of pursuing the cooperative development of potassium and oil and gas on certain lands. The CDA restricts and limits the rights of Intrepid and XTO, as successors in interest to BOPCO, L.P., to explore and develop their respective interests, including limitations on the locations of wells. Intrepid and XTO entered into the CDA Amendment in an effort to further the cooperation, remove the restrictions and limitations, and allow for the efficient co-development of resources within the Designated Potash Area ("DPA") consistent with the United States Secretary of the Interior Order 3324.
Pursuant to the CDA Amendment, among other things, we agreed to provide support to XTO for development and operation of XTO's oil and gas interests within the DPA. As consideration under the CDA Amendment, XTO agreed to pay us an initial fee of $50.0 million (the "Initial Fee"). We received a partial payment of $5.0 million of the Initial Fee in December 2023, and we received payment of the remaining $45.0 million from XTO in January 2024.
The CDA Amendment further provides that we shall receive an additional one-time payment equal to $50.0 million (the "Access Fee"), which XTO will pay within 90 days upon the earlier occurrence of (i) the approval of the first new or expanded drilling island within a specific area to be used by XTO or (ii) within seven years of the anniversary of the Amendment Date. XTO is also required to pay additional amounts to Intrepid as an "Access Realization Fee," up to a maximum of $100.0 million, (the "Access Realization Fee") in the event of certain additional drilling activities by XTO.
Because the cooperative development support we are providing under the CDA is not an output of our ordinary business activities, ASC Topic 606, Revenue from Contracts with Customers ("ASC 606") does not apply to the CDA. However, we apply the principles in ASC 606 by analogy to determine amounts of other income to recognize.
Under ASC 606, we are required to identify the performance obligations in the CDA and to determine the transaction price. The transaction price may include fixed consideration, variable consideration, or both. Variable consideration may only be included in the transaction price if it is probable that a significant reversal of amounts recognized will not occur (referred to as the variable consideration constraint). The Access Realization Fee is considered variable consideration.
Our performance obligation under the CDA Amendment is to "stand-ready" to provide support to XTO, when and as needed, during the term of the CDA Amendment. We estimate the transaction price to be $100.0 million, which is comprised of the $50.0 million Initial Fee and the $50.0 million Access Fee. We are not including any amounts of the Access Realization Fee in the transaction price because of the variable consideration constraint. Since our performance obligation is a "stand-ready" obligation, we are recognizing the transaction price on a straight-line basis over the term of the CDA Amendment which ends on February 28, 2046.
For both of the three months ended March 31, 2026, and 2025, we recorded other operating income of $1.1 million from the CDA Amendment. Because we have not yet been paid the Access Fee included in the transaction price, we recorded a long-term receivable for the amount of the Access Fee that we earned through March 31, 2026, of $5.1 million, which is included in "Other assets, net" on the Condensed Consolidated Balance Sheets. For the amount of the Initial Fee we earned during the three months ended March 31, 2026, and 2025, we reduced the "Deferred other income, long-term" liability recorded on our Condensed Consolidated Balance Sheets.
As of March 31, 2026, we had $2.3 million recorded in "Other current liabilities" and $42.7 million recorded in "Deferred other income, long-term" on the Condensed Consolidated Balance Sheets for the unearned portion of the Initial Fee. As of December 31, 2025, we had $2.3 million recorded in "Other current liabilities" and $43.2 million recorded in "Deferred other income, long-term" on the Condensed Consolidated Balance Sheets.
v3.26.1
DEBT
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
    Revolving Credit Facility—In March 2026, we and certain of our subsidiaries entered into the Successor Agent Amendment and Third Amendment to the Restated Credit Agreement (the "Third Amendment") with a syndicate of lenders, Bank of Montreal, as original administrative agent, and BMO Bank N.A., as successor administrative agent, which amended certain terms of the Amended and Restated Credit Agreement, dated August 1, 2019 (as amended, the "Credit Agreement").
Pursuant to the Third Amendment, the Credit Agreement was amended to, among other things, (i) appoint such duties, rights, and obligations of the Administrative Agent (as defined in the Credit Agreement) to BMO Bank N.A., (ii) extend the maturity date of the Credit Agreement to March 30, 2031, (iii) amend certain provisions relating to dispositions to facilitate the sale of Intrepid South, and (iv) update certain other provisions, including financial covenants, to be more favorable to the Company. The amount available under the Third Amendment remains the same at $150 million.
Borrowings under the revolving credit facility bear interest at the Secured Overnight Financing Rate ("SOFR") plus an applicable margin of 1.50% to 2.25% per annum, based on our leverage ratio as calculated in accordance with the revolving credit facility. Borrowings under the revolving credit facility are secured by substantially all of our current and non-current assets, and the obligations under the revolving credit facility are unconditionally guaranteed by several of our subsidiaries.
    We occasionally borrow and repay amounts under the revolving credit facility for near-term working capital needs or other purposes and may do so in the future. During the three months ended March 31, 2026, we made no borrowings and made no repayments under the revolving credit facility. During the three months ended March 31, 2025, we made no borrowings and made no repayments under the revolving credit facility. As of March 31, 2026, and December 31, 2025, we had no borrowings outstanding and no outstanding letters of credit under this facility.
As of March 31, 2026, we were in compliance with all applicable covenants under the revolving credit facility.
Interest Expense—Interest expense is recorded net of any capitalized interest associated with investments in capital projects. We incurred gross interest expense of $0.2 million for the three months ended March 31, 2026, and $0.2 million for the three months ended March 31, 2025.
    Amounts included in interest expense, net for the three months ended March 31, 2026, and 2025 were as follows (in thousands):
Three Months Ended
March 31,
20262025
Interest expense on borrowings$61 $56 
Commitment fee on unused credit facility56 56 
Amortization of deferred financing costs111 75 
Gross interest expense228 187 
Less capitalized interest(228)(82)
Interest expense, net$— $105 
v3.26.1
INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
    We have water rights, recorded at $2.3 million as of March 31, 2026, and December 31, 2025. Our water rights have indefinite lives and are not amortized. We evaluate our water rights at least annually as of October 1 for impairment, or more frequently if circumstances require.
    We account for other intangible assets as finite-lived intangible assets and amortize those intangible assets over the period of estimated benefit, using the straight-line method. The net book value of finite-lived intangible assets is immaterial as of March 31, 2026, and December 31, 2025, and are included in "Other assets, net" on the Condensed Consolidated Balance Sheets.
v3.26.1
ASSET RETIREMENT OBLIGATION
 3 Months Ended
Mar. 31, 2026
Asset Retirement Obligation Disclosure [Abstract]  
ASSET RETIREMENT OBLIGATION ASSET RETIREMENT OBLIGATION
We recognize an estimated liability for future costs associated with the abandonment and reclamation of our mining properties. A liability for the fair value of an asset retirement obligation and a corresponding increase to the carrying value of the related long-lived asset are recorded as the mining operations occur or the assets are acquired.
Our asset retirement obligation is based on the estimated cost to close and reclaim the mining operations, the economic life of the properties, and federal and state regulatory requirements. The liability is discounted using credit adjusted risk-free rate estimates at the time the liability is incurred or when there are upward revisions to estimated costs. The credit adjusted risk-free rates used to discount our reclamation liabilities range from 6.9% to 12.0%. Revisions to the liability occur due to construction of new or expanded facilities, changes in estimated closure costs or economic lives, or to reflect new federal or state rules, regulations, or requirements regarding the closure or reclamation of mines.
Following is a table of the changes to our asset retirement obligation for the following periods (in thousands):
Three Months Ended March 31,
20262025
Asset retirement obligation, at beginning of period$38,452 $32,592 
Accretion of discount776 649 
Total asset retirement obligation, at end of period$39,228 $33,241 
Less current portion of asset retirement obligation$— $(595)
Long-term portion of asset retirement obligation$39,228 $32,646 
    
The current portion of the asset retirement obligation, if any, is included in "Other current liabilities" on the Condensed Consolidated Balance Sheet as of March 31, 2026, and December 31, 2025.
v3.26.1
REVENUE
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
    Revenue Recognition—We account for revenue in accordance with ASC 606. Under ASC 606, we recognize revenue when control of the promised goods or services is transferred to customers in an amount that reflects the consideration we expect in exchange for those goods or services. The timing of revenue recognition, billings, and cash collection may result in contract assets or contract liabilities.
Disaggregation of Revenue: The tables below show the disaggregation of revenue by product and reconciles disaggregated revenue to segment revenue for the three months ended March 31, 2026, and 2025. We believe the disaggregation of revenue by products best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic conditions (in thousands):
Three Months Ended March 31, 2026
ProductPotash Segment
Trio® Segment
Corporate and OtherTotal
Potash$41,930 $— $— $41,930 
Trio®
— 52,274 — 52,274 
Fresh Water— — 11 11 
Salt2,299 264 — 2,563 
Magnesium Chloride519 — — 519 
Brine Water1,371 — — 1,371 
Other— — 17 17 
Total Revenue$46,119 $52,538 $28 $98,685 
Three Months Ended March 31, 2025
ProductPotash Segment
Trio® Segment
Corporate and OtherTotal
Potash$37,323 $— $(59)$37,264 
Trio®
— 49,678 — 49,678 
Fresh Water— — 1,087 1,087 
Salt3,135 164 — 3,299 
Magnesium Chloride1,148 — — 1,148 
Brine Water1,971 — — 1,971 
Other— — 80 80 
Total Revenue$43,577 $49,842 $1,108 $94,527 
v3.26.1
COMPENSATION PLANS
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
COMPENSATION PLANS COMPENSATION PLANS
Equity Incentive Compensation Plan—Our Board and stockholders adopted a long-term incentive compensation plan called the Intrepid Potash, Inc. Amended and Restated Equity Incentive Plan (the "Plan"). The Plan was most recently amended and restated in May 2022. We have issued common stock, restricted shares, restricted stock units, and non-qualified stock option awards under the Plan. Restricted stock units ("RSUs") represent the contingent right to receive one share of our common stock upon satisfaction of applicable vesting conditions. RSUs do not have any of the rights available to owners of common stock until vesting and settlement of the RSUs into shares of common stock. Restricted share awards ("RSAs") contain service-based conditions and in some instances contain both service-based and market-based conditions. Certain RSU awards contain service-based and operational performance conditions (referred to as "operational performance-based RSUs") and certain RSU awards contain service-based and market-based conditions (referred to as "market-based RSUs").
As of March 31, 2026, approximately 0.6 million shares remained available for issuance under the Plan.
We recognize stock-based compensation associated with the issuance of RSAs, non-qualified stock options, operational performance-based RSUs, and market-based RSUs by recording expense over the service period associated with each grant, based on the fair value of the grant on the grant date. For service-based awards, grant date fair value is based on the closing price of our common stock on the grant date and expense is recognized on a straight-line basis over the required service period of the award, which is generally the vesting period of the award. For operational performance-based awards grant date fair value is based on the closing share price of our common stock on the grant date and the probable number of shares expected to vest and expense is recognized using the accelerated recognition method over the required service period, which is generally the vesting period of the award. The probable number of shares expected to vest is updated each reporting period and we record a cumulative catch-up adjustment to expense for changes to the probability assessment. For RSA awards that contain both service-based and market-based conditions and market-based RSUs, grant date fair value is estimated using a Monte Carlo simulation valuation model and expense is recognized using the accelerated recognition method over the required service period which is generally the longer of the explicit service period or the derived service period, which is generally the expected date the market condition is estimated to be achieved.
Restricted Shares
During the three months ended March 31, 2026, and 2025, the Compensation Committee granted 95,787 and 119,813 restricted shares, respectively. The RSAs granted during the three months ended March 31, 2026, and 2025, contain service conditions, and vest over three years.
The table below shows the restricted share activity for the three months ended March 31, 2026, and 2025.
Three Months Ended March 31,
Restricted Shares20262025
Beginning shares outstanding287,345 319,035 
Shares granted95,787 119,813 
Shares vested(80,774)(74,196)
Shares forfeited(49,714)(1,872)
Ending shares outstanding252,644 362,780 
During the three months ended March 31, 2026, the Compensation Committee granted operational performance-based RSUs to executives and certain other key employees which are eligible to vest based upon potash production cost per ton and Trio® production cost per ton for the 2028 calendar year. The operational performance-based RSUs can earn between zero and 200% of the target number of operational performance-based RSUs granted.
During the three months ended March 31, 2025, the Compensation Committee granted operational performance- based RSUs to executives and certain other key employees which are eligible to vest based upon potash production cost per ton for the 2027 calendar year. The operational performance-based RSUs can earn between zero and 200% of the target number of operational performance-based RSUs granted.
The table below shows the operational performance-based RSU activity during the three months ended March 31, 2026, and 2025. The operational performance-based RSUs shown in the table below are at the target number of operational performance-based RSUs granted:
Three Months Ended March 31,
Operational Performance-Based RSUs20262025
Beginning units outstanding21,091 — 
Units granted31,740 22,577 
Units vested— — 
Units forfeited(2,856)— 
Ending units outstanding49,975 22,577 
During the three months ended March 31, 2026, the Compensation Committee granted market-based RSUs to executives and certain other key employees. The RSUs granted contain a relative total shareholder return ("TSR") market-based condition (referred to as the "rTSR" awards). The rTSR RSUs are eligible to vest based on our TSR during a three-year period beginning on January 1, 2026 ("2026 award performance period") relative to the TSR during the 2026 award performance period for the individual component companies comprising the Russell 2000 Index ("peer group"). Based on our relative performance against the peer group, rTSR awards may earn between zero and 200% of the target number of RSUs granted.
During the three months ended March 31, 2025, the Compensation Committee granted market-based RSUs to certain executive and certain other key employees. The RSU granted both rTSR awards and an absolute TSR market-based condition (referred to as the "aTSR" awards). The rTSR RSUs are eligible to vest based on our TSR during a three-year period beginning on the grant date of the rTSR award ("2025 award performance period") relative to the TSR during the 2025 award performance period for the individual component companies comprising the Russell 2000 Index ("peer group"). Based on our relative performance against the peer group, rTSR awards may earn between zero and 200% of the target number of RSUs granted.
The aTSR RSUs are eligible to vest based on the achievement of certain total price thresholds during a three-year period beginning on the grant date. Once a price threshold is met, one-half of the total RSUs earned for meeting that price threshold vest immediately and one-half of the total RSUs earned vests on the one-year anniversary date of meeting the price threshold.
The table below shows the market-based RSU activity during the three months ended March 31, 2026, and 2025. Market-based RSUs shown in the table below are at the maximum number that can be earned:
Three Months Ended March 31,
Market-based RSUs20262025
Beginning units outstanding174,495 111,285 
Units granted42,324 63,162 
Units vested— — 
Units forfeited(8,685)— 
Ending units outstanding208,134 174,447 
The Compensation Committee has not granted any stock options since 2018. The table below shows the summary of all non-qualified stock option activity during the three months ended March 31, 2026, and 2025.
Three Months Ended March 31,
Non-qualified Stock Options20262025
Beginning stock options outstanding1,395 269,525 
Stock options granted— — 
Stock options exercised(1,395)— 
Stock options forfeited— — 
Stock options expired— — 
Ending stock options outstanding— 269,525 
    Total share-based compensation expenses were $0.5 million and $1.1 million for the three months ended March 31, 2026, and 2025, respectively. As of March 31, 2026, we had $11.5 million of total remaining unrecognized compensation expense related to awards that is expected to be recognized over a weighted-average period of 1.8 years.
v3.26.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Our anticipated annual tax rate is impacted primarily by the amount of taxable income associated with each jurisdiction in which our income is subject to income tax, as well as permanent differences between the financial statement carrying amounts and tax bases of assets and liabilities.
    Our effective tax rate for continuing operations for the three months ended March 31, 2026, was 0.9%. Our effective tax rate differed from the statutory rate during this period due to changes in the valuation allowance established to offset our deferred tax assets. Our effective tax rate for continuing operations for the three months ended March 31, 2025, was 2.2%. Our effective tax rate differed from the statutory rate during this period due to changes in the valuation allowance established to offset our deferred tax assets.
v3.26.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Reclamation Deposits and Surety Bonds—As of March 31, 2026, and December 31, 2025, we had $28.4 million and $30.1 million, respectively, of security placed principally with the Bureau of Land Management ("BLM") and the states of Utah and New Mexico for reclamation of our various facilities. As of March 31, 2026, $0.6 million consisted of long-term restricted cash deposits and $27.8 million was secured by surety bonds insured by an insurer. As of December 31, 2025, $0.6 million consisted of long-term restricted cash deposits and $29.5 million was secured by surety bonds issued by an insurer. The restricted cash deposits are included in "Other assets, net" on the Condensed Consolidated Balance Sheets and the surety bonds are held in place by an annual fee paid to the issuer.
We may be required to post additional security to fund future reclamation obligations as reclamation plans are updated or as statutory, regulatory, or other agency requirements change.
    Legal—We are subject to claims and legal actions in the ordinary course of business. We expense legal costs as they are incurred. While there are uncertainties in predicting the outcome of any claim or legal action, except as noted below, we believe the ultimate resolution of these claims or actions is not reasonably likely to have a material adverse effect on our financial condition, results of operations, or cash flows.
Class Action Claim
On November 6, 2024, we were served with a class action lawsuit filed in federal district court in New Mexico. The suit alleged that Intrepid and Intrepid Potash – New Mexico, LLC violated the New Mexico Minimum Wage Act by failing to properly compensate certain New Mexico underground mine and surface mine workers overtime for specific activities, including putting on and removing personal protective equipment from 2009 to the present. The complaint sought all unpaid wages for these activities for all class members, which was alleged to exceed $5.0 million.
In December 2025, we agreed to pay $4.0 million to settle the matter and to dismiss all current and future claims arising from this matter against us. We have recorded an estimated liability of $4.0 million as of December 31, 2025. The settlement remains subject to customary conditions, including final approval by the court following notice to the putative class and a fairness hearing. There can be no assurance that the court will grant final approval or that appeals will not be filed.
Water Rights
In 2017 and 2018, the New Mexico Office of the State Engineer ("OSE") granted us preliminary and emergency authorizations to sell approximately 5,700 acre-feet of water per year from our Pecos River water rights. The preliminary and emergency authorizations allowed for water sales to begin immediately, subject to repayment if the underlying water rights were ultimately found to be invalid. On March 17, 2022, following a trial to determine the validity of our Pecos River water rights, the Fifth Judicial District Court in New Mexico entered an order that found that of the 20,000 acre-feet of water per year we claimed, our predecessors in interest had forfeited all but approximately 5,800 acre feet of water per year, and that of the remaining 5,800 acre-feet of water that had not been forfeited, all but 150 acre-feet of water had been abandoned prior to 2017 (the "Order"). The Order limited our right to 150 acre-feet per annum of water for industrial-salt processing use. We appealed the Order to the New Mexico Court of Appeals ("NMCA"), which, on July 7, 2023, affirmed the Order. On November 17, 2023, we filed a request for the New Mexico Supreme Court ("NMSC") to reconsider and review the NMCA's decision to affirm the Order's abandonment determination. The NMSC agreed to review the NMCA's abandonment
determination, and on July 5, 2025, issued a decision upholding the NMCA’s findings. The NMSC’s decision renders the Order final.
Given the NMSC’s decision, we will have to repay for the water sold under preliminary and emergency authorizations. The OSE has indicated they are seeking repayment of approximately 9,600 acre-feet of water. Repayment is customarily made in-kind over a period of time but can take other forms including cash repayment. If we are not able to repay in-kind due to the lack of remaining water rights or logistical constraints, we may need to purchase water to meet this repayment or be subject to a cash repayment. Because of the uncertainty surrounding the timing and the form of repayment, we cannot reasonably estimate the amount of the potential liability and have not recorded a loss contingency in our statement of operations related to this legal matter.
Other Legal Contingencies
In May 2025, we reported to the State of New Mexico that we had an unpermitted discharge of brine at our HB facility. We have recorded an estimated liability of $2.2 million related to the potential penalties we may incur related to this unpermitted discharge. The State of New Mexico may require us to perform remediation activities related to this incident. Given the nature and location of the discharge, we have recorded an estimated environmental liability of $0.1 million for any required environmental remediation activities based on our estimate of the costs associated with expected required environmental remediation activities. However, our estimate of any required remediation costs related to the unpermitted discharge could change significantly and could have a material adverse effect on our financial condition, results of operations, or cash flows, if we are required to perform more substantial and costly remediation activities than we currently expect to perform.
In 2019, the U.S. Department of the Interior Office of Natural Resources Revenue ("ONRR") completed an audit of federal royalties at our New Mexico facilities covering the years 2012 through 2016 (the "audit period") and issued a "Perform Restructured Accounting and Pay Order" (the "Order"). The most significant of the ONRR's findings related to instances in which adequate supporting documentation was not provided to them for various items ONRR tested during the audit. Since the Order was issued, we worked with the ONRR to address the issues noted from the audit and, in the third quarter of 2025, we paid $3.5 million to the ONRR and the ONRR closed the Order.
We have estimated total contingent liabilities recorded in "Other current liabilities" on the Condensed Consolidated Balance Sheets of $7.3 million as of March 31, 2026. In addition to the amounts accrued for the class action claim, the unpermitted discharge penalty and the estimated related environmental remediation expenses discussed above, we also have accrued a contingent liability of $1.0 million for various other items.
As of December 31, 2025, we had $7.3 million in contingent liabilities, mainly related to the class action claim, the unpermitted discharge penalty and the estimated related environmental remediation expenses.
v3.26.1
FAIR VALUE
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE FAIR VALUE
    We measure our financial assets and liabilities in accordance with ASC Topic 820, Fair Value Measurements and Disclosures. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation at the measurement date:
Level 1 - Quoted market prices in active markets for identical assets or liabilities.
Level 2 - Inputs, other than Level 1, that are either directly or indirectly observable.
Level 3 - Unobservable inputs developed using estimates and assumptions which reflect those that market participants would use.
The classification of fair value measurement within the hierarchy is based upon the lowest level of input that is significant to the measurement.
     Other financial instruments consist primarily of cash equivalents, accounts receivable, refundable income taxes, investment securities, accounts payable, accrued liabilities, and, if any, advances under our credit facility. With the exception of investment securities, we believe cost approximates fair value for our financial instruments because of the short-term nature of these instruments.
Cash Equivalents—As of March 31, 2026, we had cash equivalents of $5.9 million. As of December 31, 2025, we had cash equivalents of $5.9 million.
Held-to-Maturity Debt Investments—As of March 31, 2025, we owned debt investment securities classified as held-to-maturity because we had the intent and ability to hold these investments to maturity. Our held-to-maturity debt investments consisted of U.S government issued bonds. These held-to-maturity debt securities were carried at amortized cost. During the six months ended June 30, 2025, all of our held-to-maturity debt investments matured and as of March 31, 2026, we did not own any debt investment securities.
Investments in Equity Securities—In May 2020, we acquired a non-controlling equity investment in W.D. Von Gonten Laboratories ("WDVGL") for $3.5 million. Initially, we accounted for this investment as an equity investment without a readily determinable fair value and elected to measure our investment, as permitted by GAAP, at cost plus or minus any adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairment.
In July 2022, WDVGL entered into an agreement (the “Purchase Agreement”) with National Energy Services Reunited Corporation (“NESR”), a British Virgin Islands corporation headquartered in Houston, Texas. Under the terms of the Purchase Agreement, WDVGL was combined with the consulting business owned by W.D. Von Gonten (“Consulting”) to form a new entity, W.D. Von Gonten Engineering, LLC (“Engineering”), and NESR purchased Engineering in a majority stock transaction at an agreed upon selling price. NESR stock received from the sale of Engineering was distributed to investors in WDVGL and Consulting in August 2024.
In February 2023, we received $0.2 million in cash for our investment in WDVGL. Initially, we recorded that cash received as a liability because we were required to return the cash to WDVGL if the sale of Engineering to NESR was not finalized. The sale of Engineering to NESR has since been finalized and the recorded value of our investment in WDVGL was reduced to $3.3 million, which is the aggregate cost basis of the total shares of NESR stock we received in August 2024 related to the sale of WDVGL.
As required by ASC Topic 321 - Investments-Equity Securities ("ASC 321"), equity securities were valued at fair value and unrealized gains and losses for investments in equity securities were included in "Other income (expense)" on the Condensed Consolidated Statement of Operations. During the three months ended March 31, 2025, we recorded an unrealized loss of $0.5 million which was included in "Other income (expense)" on the Condensed Consolidated Statement of Operations.
In May 2025, we sold all shares of NESR we owned and received proceeds of $2.1 million. When the NESR shares were sold, the fair value of the shares was $2.5 million, and we recorded a realized loss of $0.4 million during the three months ended June 30, 2025. For the year ended December 31, 2025, the total loss (unrealized losses plus realized losses) related to this investment was $0.9 million.
Equity Method Investments—We are a limited partner with a 16% interest in PEP Ovation, LP ("Ovation") as of March 31, 2026, and December 31, 2025. This investment is accounted for under the equity method whereby we recognize our proportional share of the income or loss from our investment in Ovation on a one-quarter lag. Because the investment is accounted for under the equity method, fair value disclosures required under ASC 820 do not apply. This investment is included in "Long-term investments" on the Condensed Consolidated Balance Sheets. For the three months ended March 31, 2026, and 2025, our proportional share of Ovation's income or loss was zero.
v3.26.1
BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
    Our operations are organized into two segments: potash, and Trio®. We determine reportable segments based on several factors including the types of products and services sold, production processes, markets served and the financial information available for our chief operating decision maker ("CODM"). Our Chief Executive Officer is our CODM, who uses gross margin to evaluate segment performance. We do not allocate corporate selling and administrative expenses, nor other corporate expenses, to the respective segments. Total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to, the CODM.
Intersegment sales prices are market-based and are eliminated in the "Corporate and Other" column. Information for each segment is provided in the tables that follow (in thousands).

Three Months Ended
March 31, 2026		Potash
Trio®
Corporate and OtherConsolidated
Sales$46,119 $52,538 $28 $98,685 
Less: Freight costs5,486 11,244 — 16,730 
         Warehousing and handling
         costs		1,707 2,137 — 3,844 
         Cost of goods sold35,037 24,319 261 59,617 
         Lower of cost or net
         realizable value inventory
         adjustments 		822 — — 822 
Gross Margin (Deficit)$3,067 $14,838 $(233)$17,672 
Depreciation, depletion, and amortization incurred1
$8,436 $959 $556 $9,951 
Three Months Ended
March 31, 2025		Potash
Trio®
Corporate and OtherConsolidated
Sales$43,577 $49,842 $1,108 $94,527 
Less: Freight costs5,786 11,764 (59)17,491 
         Warehousing and handling
         costs		1,711 1,779 — 3,490 
         Cost of goods sold32,242 25,865 783 58,890 
         Lower of cost or net
         realizable value inventory
         adjustments		1,335 — — 1,335 
Gross Margin$2,503 $10,434 $384 $13,321 
Depreciation, depletion, and amortization incurred1
$8,251 $844 $761 $9,856 
1 Depreciation, depletion, and amortization incurred for potash and Trio® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory.
The following table shows the reconciliation of reportable segment sales to consolidated sales and the reconciliation of segment gross margins to consolidated income before taxes (in thousands):
Three Months Ended March 31,
20262025
Total sales for reportable segments$98,685 $94,586 
Elimination of intersegment sales— (59)
Total consolidated sales$98,685 94,527 
Total gross margin for reportable segments$17,672 $13,321 
Elimination of intersegment sales— (59)
Elimination of intersegment expenses— 59 
Unallocated amounts:
Selling and administrative11,273 9,155 
Impairment of long-lived assets— 662 
Gain on disposal of assets(28)(160)
Accretion of asset retirement obligation776 649 
Other operating income (1,160)(1,283)
Other operating expense586 596 
Interest expense, net— 105 
Interest income(667)(375)
Other non-operating (income) expense(48)466 
Income before income taxes$6,940 $3,506 

Significant components of cost of goods sold are also provided to our CODM to further evaluate segment performance and are shown below (in thousands):
For the Three Months Ended March 31, 2026Potash
Trio®
OtherTotal
Labor and benefits$11,651 $10,330 $— $21,981 
Maintenance2,712 3,354 — 6,066 
Utilities and fuel2,792 1,530 — 4,322 
Operating supplies1,933 3,601 — 5,534 
Depreciation10,162 1,080 56 11,298 
Other1
5,787 4,424 205 10,416 
Total cost of goods sold$35,037 $24,319 $261 $59,617 
For the Three Months Ended March 31, 2025Potash
Trio®
OtherTotal
Labor and benefits$10,205 $11,206 $— $21,411 
Maintenance2,541 3,316 — 5,857 
Utilities and fuel2,653 1,653 — 4,306 
Operating supplies2,008 3,930 — 5,938 
Depreciation8,735 1,281 397 10,413 
Other1
6,100 4,479 386 10,965 
Total cost of goods sold$32,242 $25,865 $783 $58,890 
1 Other expense includes property taxes, insurance, royalties, and other miscellaneous expenses.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Financial Statement Presentation Our unaudited Condensed Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation of interim financial information, have been included. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.
Recently Adopted Accounting Standards In July 2025, the FASB issued ASU 2025-05, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets" ("ASU 2025-05"). ASU 2025 amends the guidance in ASC 326 to simplify the estimation of credit losses on current accounts receivable and current contract assets arising from transactions accounted for under ASC 606. The amendments allow all entities to elect a practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses on these assets. The adoption of this standard did not have an impact on our results of operations, cash flows and financial condition.
Revenue Recognition We account for revenue in accordance with ASC 606. Under ASC 606, we recognize revenue when control of the promised goods or services is transferred to customers in an amount that reflects the consideration we expect in exchange for those goods or services. The timing of revenue recognition, billings, and cash collection may result in contract assets or contract liabilities.
Pronouncements Issued But Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40)." ASU 2024-03 requires additional disclosures about the nature of expenses included in the income statement, such as purchases of inventory, employee compensation and depreciation. ASU 2024-03 is effective for public business entities for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are currently evaluating the guidance and expect it to only impact disclosures with no impact to results of operations, cash flows and financial condition.In December 2025, the FASB issued ASU 2025-11, "Interim Reporting (Topic 270): Narrow-Scope Improvements" which clarifies the application, form and content, and required disclosures for interim financial statements prepared in accordance with GAAP. The ASU improves the organization and clarity of Topic 270 by specifying interim reporting requirements, consolidating required interim disclosures and introducing a disclosure principle for events and changes occurring after the end of the most recent annual reporting period that have a material impact on the entity. This guidance is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, for public business entities. Early adoption is permitted. The amendments in this ASU are not expected to have a material effect on our financial position or results of operations.
v3.26.1
DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The table below presents the assets and liabilities held for sale (amounts in thousands):

March 31, 2026December 31, 2025
Accounts receivable$1,030 $1,797 
Inventory81 114 
Prepaid expenses and other current assets24 43 
Property, plant, equipment, and mineral properties, net35,481 36,017 
Water rights16,873 16,873 
Other long term assets4,263 4,310 
Assets held for sale$57,752 $59,154 
Accounts payable$245 $188 
Accrued liabilities81 140 
Accrued employee compensation and benefits137 170 
Contract liability - current portion782 753 
Asset retirement obligations398 389 
Long term contract liability1,595 1,730 
Liabilities held for sale$3,238 $3,370 

The following table presents the results of discontinued operations for the three months ended March 31, 2026, and 2025 (amounts in thousands):

Three Months Ended March 31,
20262025
Sales$2,366 $3,233 
Less: cost of goods sold1,823 1,952 
Gross Margin543 1,281 
Accretion of asset retirement obligation9 8 
Gain on sale of assets(3)(22)
Other operating income— (1)
Net income of discontinued operations before income tax537 1,296 
Income tax expense— (118)
Net income of discontinued operations, net of tax$537 $1,178 
Contract Balances: Customers generally pay the total amount due under surface use agreements. Depending on the nature of the performance obligations in the various surface use agreements, revenue may be recognized at a point in time or over time. Our contract liabilities (sometimes referred to in practice as deferred revenue) represent the amount of cash received from customers under surface use agreements where the associated revenue is being recognized over time.
As of March 31, 2026, and December 31, 2025, we had a total of $2.4 million and $2.5 million of contract liabilities, respectively, of which $0.8 million were current as of March 31, 2026, and December 31, 2025, and are included in "Liabilities held for sale" on the Condensed Consolidated Balance Sheets.
Our deferred revenue activity for the three months ended March 31, 2026, and 2025, all relates to surface use agreements at Intrepid South. Deferred revenue activity during the periods is shown below (in thousands):
Three Months Ended March 31,
20262025
Beginning balance$2,483 $2,431 
Additions123 376 
Recognized as revenue during period(229)(380)
Ending Balance$2,377 $2,427 
v3.26.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Share
Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. For purposes of determining diluted earnings per share, basic weighted-average common shares outstanding is adjusted to include potentially dilutive securities, including restricted stock, stock options, and restricted stock units. The treasury-stock method is used to measure the dilutive impact of potentially dilutive shares. Potentially dilutive shares are excluded from the diluted weighted-average shares outstanding computation in periods in which they have an anti-dilutive effect. The following table shows the calculation of basic and diluted earnings per share (in thousands, except per share amounts):
Three Months Ended
March 31,
20262025
Net Income from Continuing Operations$6,881 $3,428 
Net Income from Discontinued Operations, Net of Tax537 1,178 
Net income from Continuing Operations$7,418 $4,606 
Basic weighted-average common shares outstanding13,141 12,917 
Add: Dilutive effect of restricted stock142 124 
Add: Dilutive effect of stock options1 47 
Add: Dilutive effect of restricted stock units3 — 
Diluted weighted-average common shares outstanding13,287 13,088 
Net income per share:
Continuing operations - Basic$0.52 $0.27 
Discontinued operations - Basic$0.04 $0.09 
Net income - Basic$0.56 $0.36 
Continuing operations - Diluted$0.52 $0.26 
Discontinued operations - Diluted$0.04 $0.09 
Net income - Diluted$0.56 $0.35 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table shows the shares that have an anti-dilutive effect and are excluded from the diluted weighted-average shares outstanding computations (in thousands):
Three Months Ended
March 31,
20262025
Anti-dilutive effect of restricted stock16 37 
Anti-dilutive effect of stock options outstanding— 156 
Anti-dilutive effect of restricted stock units outstanding188 126 
v3.26.1
CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)
 3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents And Restricted Cash Total cash, cash equivalents and restricted cash, as shown on the Condensed Consolidated Statements of Cash Flows are included in the following accounts at March 31, 2026, and 2025 (in thousands):
March 31, 2026March 31, 2025
Cash and cash equivalents$99,259 $45,668 
Restricted cash included in other current assets25 25 
Restricted cash included in other long-term assets576 567 
Total cash, cash equivalents, and restricted cash as shown in the statement of cash flows$99,860 $46,260 
v3.26.1
INVENTORY AND LONG-TERM PARTS INVENTORY (Tables)
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Summary of Inventory The following summarizes our inventory, recorded at the lower of weighted-average cost or estimated net realizable value, as of March 31, 2026, and December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
Finished goods product inventory$53,570 $63,893 
In-process inventory26,355 32,744 
Total product inventory79,925 96,637 
Current parts inventory, net15,760 15,554 
Total current inventory, net95,685 112,191 
Long-term parts inventory, net31,316 31,506 
Total inventory, net$127,001 $143,697 
v3.26.1
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Tables)
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant, Equipment, and Mineral Properties Property, plant, equipment, and mineral properties were comprised of the following (in thousands):
March 31, 2026December 31, 2025
Land$519 $519 
Ponds and land improvements87,976 87,881 
Mineral properties and development costs156,418 155,221 
Buildings and plant98,909 97,924 
Machinery and equipment328,827 324,327 
Vehicles8,453 8,061 
Office equipment and improvements9,448 10,000 
Operating lease ROU assets3,181 3,181 
Construction in progress12,998 13,925 
Total property, plant, equipment, and mineral properties, gross$706,729 $701,039 
Less: accumulated depreciation, depletion, and amortization(410,728)(402,283)
Total property, plant, equipment, and mineral properties, net$296,001 $298,756 
Schedule of Depreciation, Depletion and Accretion
We incurred the following expenses for depreciation, depletion, and amortization, including expenses capitalized into inventory, for the following periods (in thousands):
Three Months Ended March 31,
20262025
Depreciation$8,149 $7,953 
Depletion1,584 1,550 
Amortization of right of use assets216 351 
Total incurred$9,949 $9,854 
v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule Of Interest Expense Amounts included in interest expense, net for the three months ended March 31, 2026, and 2025 were as follows (in thousands):
Three Months Ended
March 31,
20262025
Interest expense on borrowings$61 $56 
Commitment fee on unused credit facility56 56 
Amortization of deferred financing costs111 75 
Gross interest expense228 187 
Less capitalized interest(228)(82)
Interest expense, net$— $105 
v3.26.1
ASSET RETIREMENT OBLIGATION (Tables)
 3 Months Ended
Mar. 31, 2026
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes to Asset Retirement Obligation
Following is a table of the changes to our asset retirement obligation for the following periods (in thousands):
Three Months Ended March 31,
20262025
Asset retirement obligation, at beginning of period$38,452 $32,592 
Accretion of discount776 649 
Total asset retirement obligation, at end of period$39,228 $33,241 
Less current portion of asset retirement obligation$— $(595)
Long-term portion of asset retirement obligation$39,228 $32,646 
v3.26.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Contract Balances
Disaggregation of Revenue The tables below show the disaggregation of revenue by product and reconciles disaggregated revenue to segment revenue for the three months ended March 31, 2026, and 2025. We believe the disaggregation of revenue by products best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic conditions (in thousands):
Three Months Ended March 31, 2026
ProductPotash Segment
Trio® Segment
Corporate and OtherTotal
Potash$41,930 $— $— $41,930 
Trio®
— 52,274 — 52,274 
Fresh Water— — 11 11 
Salt2,299 264 — 2,563 
Magnesium Chloride519 — — 519 
Brine Water1,371 — — 1,371 
Other— — 17 17 
Total Revenue$46,119 $52,538 $28 $98,685 
Three Months Ended March 31, 2025
ProductPotash Segment
Trio® Segment
Corporate and OtherTotal
Potash$37,323 $— $(59)$37,264 
Trio®
— 49,678 — 49,678 
Fresh Water— — 1,087 1,087 
Salt3,135 164 — 3,299 
Magnesium Chloride1,148 — — 1,148 
Brine Water1,971 — — 1,971 
Other— — 80 80 
Total Revenue$43,577 $49,842 $1,108 $94,527 
v3.26.1
COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Share Activity
The table below shows the restricted share activity for the three months ended March 31, 2026, and 2025.
Three Months Ended March 31,
Restricted Shares20262025
Beginning shares outstanding287,345 319,035 
Shares granted95,787 119,813 
Shares vested(80,774)(74,196)
Shares forfeited(49,714)(1,872)
Ending shares outstanding252,644 362,780 
Schedule of Operational Performance-Based RSU Activity
The table below shows the operational performance-based RSU activity during the three months ended March 31, 2026, and 2025. The operational performance-based RSUs shown in the table below are at the target number of operational performance-based RSUs granted:
Three Months Ended March 31,
Operational Performance-Based RSUs20262025
Beginning units outstanding21,091 — 
Units granted31,740 22,577 
Units vested— — 
Units forfeited(2,856)— 
Ending units outstanding49,975 22,577 
Share-Based Payment Arrangement, Market Based RSU, Activity
The table below shows the market-based RSU activity during the three months ended March 31, 2026, and 2025. Market-based RSUs shown in the table below are at the maximum number that can be earned:
Three Months Ended March 31,
Market-based RSUs20262025
Beginning units outstanding174,495 111,285 
Units granted42,324 63,162 
Units vested— — 
Units forfeited(8,685)— 
Ending units outstanding208,134 174,447 
Schedule of Non-Qualified Stock Options, Activity
The Compensation Committee has not granted any stock options since 2018. The table below shows the summary of all non-qualified stock option activity during the three months ended March 31, 2026, and 2025.
Three Months Ended March 31,
Non-qualified Stock Options20262025
Beginning stock options outstanding1,395 269,525 
Stock options granted— — 
Stock options exercised(1,395)— 
Stock options forfeited— — 
Stock options expired— — 
Ending stock options outstanding— 269,525 
v3.26.1
BUSINES SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Intersegment sales prices are market-based and are eliminated in the "Corporate and Other" column. Information for each segment is provided in the tables that follow (in thousands).

Three Months Ended
March 31, 2026		Potash
Trio®
Corporate and OtherConsolidated
Sales$46,119 $52,538 $28 $98,685 
Less: Freight costs5,486 11,244 — 16,730 
         Warehousing and handling
         costs		1,707 2,137 — 3,844 
         Cost of goods sold35,037 24,319 261 59,617 
         Lower of cost or net
         realizable value inventory
         adjustments 		822 — — 822 
Gross Margin (Deficit)$3,067 $14,838 $(233)$17,672 
Depreciation, depletion, and amortization incurred1
$8,436 $959 $556 $9,951 
Three Months Ended
March 31, 2025		Potash
Trio®
Corporate and OtherConsolidated
Sales$43,577 $49,842 $1,108 $94,527 
Less: Freight costs5,786 11,764 (59)17,491 
         Warehousing and handling
         costs		1,711 1,779 — 3,490 
         Cost of goods sold32,242 25,865 783 58,890 
         Lower of cost or net
         realizable value inventory
         adjustments		1,335 — — 1,335 
Gross Margin$2,503 $10,434 $384 $13,321 
Depreciation, depletion, and amortization incurred1
$8,251 $844 $761 $9,856 
1 Depreciation, depletion, and amortization incurred for potash and Trio® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory.
Reconciliation of Reportable Segment Sales to Consolidated Sales and Segment Gross Margins to Consolidated Income Before Taxes
The following table shows the reconciliation of reportable segment sales to consolidated sales and the reconciliation of segment gross margins to consolidated income before taxes (in thousands):
Three Months Ended March 31,
20262025
Total sales for reportable segments$98,685 $94,586 
Elimination of intersegment sales— (59)
Total consolidated sales$98,685 94,527 
Total gross margin for reportable segments$17,672 $13,321 
Elimination of intersegment sales— (59)
Elimination of intersegment expenses— 59 
Unallocated amounts:
Selling and administrative11,273 9,155 
Impairment of long-lived assets— 662 
Gain on disposal of assets(28)(160)
Accretion of asset retirement obligation776 649 
Other operating income (1,160)(1,283)
Other operating expense586 596 
Interest expense, net— 105 
Interest income(667)(375)
Other non-operating (income) expense(48)466 
Income before income taxes$6,940 $3,506 
Significant Components of Cost of Goods Sold by Segment
Significant components of cost of goods sold are also provided to our CODM to further evaluate segment performance and are shown below (in thousands):
For the Three Months Ended March 31, 2026Potash
Trio®
OtherTotal
Labor and benefits$11,651 $10,330 $— $21,981 
Maintenance2,712 3,354 — 6,066 
Utilities and fuel2,792 1,530 — 4,322 
Operating supplies1,933 3,601 — 5,534 
Depreciation10,162 1,080 56 11,298 
Other1
5,787 4,424 205 10,416 
Total cost of goods sold$35,037 $24,319 $261 $59,617 
For the Three Months Ended March 31, 2025Potash
Trio®
OtherTotal
Labor and benefits$10,205 $11,206 $— $21,411 
Maintenance2,541 3,316 — 5,857 
Utilities and fuel2,653 1,653 — 4,306 
Operating supplies2,008 3,930 — 5,938 
Depreciation8,735 1,281 397 10,413 
Other1
6,100 4,479 386 10,965 
Total cost of goods sold$32,242 $25,865 $783 $58,890 
1 Other expense includes property taxes, insurance, royalties, and other miscellaneous expenses.
v3.26.1
COMPANY BACKGROUND (Narrative) (Details)
$ in Millions
 1 Months Ended 3 Months Ended
Apr. 01, 2026
USD ($)
Dec. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
segment
nutrient
Facility
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Number of key nutrients | nutrient     3
Number of mining facilities | Facility     3
Number of reportable segments | segment     2
Discontinued operation, transaction value     $ 70.0
Deposit received on sale of discontinued operation   $ 8.0  
Payment received on sale of discontinued operation $ 62.0    
v3.26.1
DISCONTINUED OPERATIONS (Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]    
Accounts receivable $ 1,030 $ 1,797
Inventory 81 114
Prepaid expenses and other current assets 24 43
Property, plant, equipment, and mineral properties, net 35,481 36,017
Water rights 16,873 16,873
Other long term assets 4,263 4,310
Assets held for sale 57,752 59,154
Accounts payable 245 188
Accrued liabilities 81 140
Accrued employee compensation and benefits 137 170
Contract liability - current portion 782 753
Asset retirement obligations 398 389
Long term contract liability 1,595 1,730
Liabilities held for sale $ 3,238 $ 3,370
v3.26.1
DISCONTINUED OPERATIONS (Income Statements) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Sales $ 2,366 $ 3,233
Less: cost of goods sold 1,823 1,952
Gross Margin 543 1,281
Accretion of asset retirement obligation 9 8
Gain on sale of assets (3) (22)
Other operating income 0 (1)
Net income of discontinued operations before income tax 537 1,296
Income tax expense 0 (118)
Net Income from Discontinued Operations, Net of Tax $ 537 $ 1,178
v3.26.1
DISCONTINUED OPERATIONS (Contract Balances) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]    
Contract liabilities, current $ 800  
Beginning Balance 2,483 $ 2,431
Additions 123 376
Recognized as revenue during period (229) (380)
Ending Balance $ 2,377 $ 2,427
v3.26.1
EARNINGS PER SHARE (Schedule of Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Earnings Per Share [Abstract]    
Net Income from Continuing Operations $ 6,881 $ 3,428
Net Income from Discontinued Operations, Net of Tax 537 1,178
Net Income $ 7,418 $ 4,606
Basic weighted average common shares outstanding (in shares) 13,141 12,917
Add: Dilutive effect of restricted stock (in shares) 142 124
Add: Dilutive effect of stock options (in shares) 1 47
Add: Dilutive effect of restricted stock units (in shares) 3 0
Diluted weighted average common shares outstanding (in shares) 13,287 13,088
Continuing operations - Basic $ 0.52 $ 0.27
Discontinued operations - Basic 0.04 0.09
Net income - Basic 0.56 0.36
Continuing operations - Diluted 0.52 0.26
Discontinued operations - Diluted 0.04 0.09
Net income - Diluted $ 0.56 $ 0.35
v3.26.1
EARNINGS PER SHARE (Schedule of Anti-Dilutive Shares) (Details) - shares
shares in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Restricted Shares [Member]    
Anti-dilutive weighted average non-vested shares    
Anti-dilutive shares (in shares) 16 37
Non-Qualified Stock Options [Member]    
Anti-dilutive weighted average non-vested shares    
Anti-dilutive shares (in shares) 0 156
Restricted Stock Units (RSUs) [Member]    
Anti-dilutive weighted average non-vested shares    
Anti-dilutive shares (in shares) 188 126
v3.26.1
CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Cash and Cash Equivalents [Abstract]        
Cash and cash equivalents $ 99,259 $ 83,537 $ 45,668  
Restricted cash included in other current assets 25   25  
Restricted cash included in other long-term assets 576   567  
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 99,860 $ 84,135 $ 46,260 $ 41,898
v3.26.1
INVENTORY AND LONG-TERM PARTS INVENTORY (Narrative) (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Allowances for obsolescence $ 1.5 $ 1.5
v3.26.1
INVENTORY AND LONG-TERM PARTS INVENTORY (Summary of Inventory) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Inventory [Line Items]    
Finished goods product inventory $ 53,570 $ 63,893
In-process inventory 26,355 32,744
Total product inventory 79,925 96,637
Current parts inventory, net 15,760 15,554
Total current inventory, net 95,685 112,191
Long-term parts inventory, net 31,316 31,506
Total inventory, net $ 127,001 $ 143,697
v3.26.1
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Narrative) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Property, Plant and Equipment [Line Items]    
Impairment of long-lived assets $ 0 $ 662
v3.26.1
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Schedule of Property, Plant, Equipment, and Mineral Properties) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross $ 706,729 $ 701,039
Less: accumulated depreciation, depletion, and amortization (410,728) (402,283)
Total property, plant, equipment and mineral properties, net 296,001 298,756
Land [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 519 519
Ponds and Land Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 87,976 87,881
Mineral Properties And Development Costs [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 156,418 155,221
Buildings and Plant [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 98,909 97,924
Machinery and Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 328,827 324,327
Vehicles [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 8,453 8,061
Office Equipment and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 9,448 10,000
Operating Lease ROU Assets [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross 3,181 3,181
Construction in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Total property, plant, equipment, and mineral properties, gross $ 12,998 $ 13,925
v3.26.1
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Schedule of Depreciation, Depletion, and Accretion) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Property, Plant and Equipment [Abstract]    
Depreciation $ 8,149 $ 7,953
Depletion 1,584 1,550
Amortization of right of use assets 216 351
Total incurred $ 9,949 $ 9,854
v3.26.1
OTHER LONG-TERM DEFERRED REVENUE (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jan. 02, 2024
Dec. 12, 2023
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Revenue Recognition, Milestone Method [Line Items]          
Other operating income     $ 1,160 $ 1,283  
Other assets, net     8,091   $ 7,095
Deferred other income, long-term     42,669   43,233
XTO [Member]          
Revenue Recognition, Milestone Method [Line Items]          
Initial fee under the third amentment of Cooperative Development Agreement   $ 50,000      
Payment received under the Third Amendment of Cooperative Development Agreement   5,000      
Remaining payment received under the Third Amendment of Cooperative Development Agreement $ 45,000        
Additional one time payment as an access fee under the Third Amendment of Cooperative Development Agreement   $ 50,000      
Access fee payment term   90 days      
Anniversary term of the Amendment Date   7 years      
Additional amounts as an Access Realization Fee under the Third Amendment of Cooperative Development Agreement   $ 100,000      
Transaction price of the third amentment of Cooperative Development Agreement   $ 100,000      
Other operating income     1,100 $ 1,100  
Other assets, net     5,100    
Deferred income, current     2,300   2,300
Deferred other income, long-term     $ 42,700   $ 43,200
v3.26.1
DEBT (Narrative) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Debt      
Interest expense $ 228 $ 187  
Revolving Credit Facility [Member]      
Debt      
Credit facility, maximum borrowing capacity 150,000    
Proceeds from short-term borrowings on credit facility 0 0  
Repayments of credit facility 0 $ 0  
Line of credit, outstanding 0   $ 0
Letters of credit outstanding, amount $ 0   $ 0
Minimum [Member] | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility [Member]      
Debt      
Credit facility interest margin 1.50%    
Maximum [Member] | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility [Member]      
Debt      
Credit facility interest margin 2.25%    
v3.26.1
DEBT SCHEDULE OF INTEREST EXPENSE (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt Disclosure [Abstract]    
Interest expense on borrowings $ 61 $ 56
Commitment fee on unused credit facility 56 56
Amortization of deferred financing costs 111 75
Gross interest expense 228 187
Less capitalized interest (228) (82)
Interest expense, net $ 0 $ 105
v3.26.1
INTANGIBLE ASSETS (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets, water rights $ 2,311 $ 2,311
v3.26.1
ASSET RETIREMENT OBLIGATION (Narrative) (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Current portion of asset retirement obligation $ 0 $ 595
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Credit adjusted risk-free rates used to discount reclamation Liabilities 0.069  
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Credit adjusted risk-free rates used to discount reclamation Liabilities 0.120  
v3.26.1
ASSET RETIREMENT OBLIGATION (Schedule of Changes to Asset Retirement Obligation) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Asset Retirement Obligation Disclosure [Abstract]      
Asset retirement obligation, at beginning of period $ 38,452 $ 32,592  
Accretion of discount 776 649  
Total asset retirement obligation, at end of period 39,228 33,241 $ 38,452
Less current portion of asset retirement obligation 0 (595)  
Long-term portion of asset retirement obligation $ 39,228 $ 32,646 $ 38,452
v3.26.1
REVENUE (Disaggregation of Revenue) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total consolidated sales $ 98,685 $ 94,527
Potash [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 41,930 37,264
Trio [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 52,274 49,678
Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 11 1,087
Salt [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 2,563 3,299
Magnesium Chloride [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 519 1,148
Brine Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 1,371 1,971
Other [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 17 80
Potash [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 46,119 43,577
Potash [Member] | Potash [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 41,930 37,323
Potash [Member] | Trio [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Potash [Member] | Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Potash [Member] | Salt [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 2,299 3,135
Potash [Member] | Magnesium Chloride [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 519 1,148
Potash [Member] | Brine Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 1,371 1,971
Potash [Member] | Other [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Trio [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 52,538 49,842
Trio [Member] | Potash [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Trio [Member] | Trio [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 52,274 49,678
Trio [Member] | Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Trio [Member] | Salt [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 264 164
Trio [Member] | Magnesium Chloride [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Trio [Member] | Brine Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Trio [Member] | Other [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Corporate Segment and Other Operating Segment    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 28 1,108
Corporate Segment and Other Operating Segment | Potash [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 (59)
Corporate Segment and Other Operating Segment | Trio [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Corporate Segment and Other Operating Segment | Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 11 1,087
Corporate Segment and Other Operating Segment | Salt [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Corporate Segment and Other Operating Segment | Magnesium Chloride [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Corporate Segment and Other Operating Segment | Brine Water [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 0 0
Corporate Segment and Other Operating Segment | Other [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales 17 80
Intersegment Eliminations [Member] | Mineral [Member]    
Disaggregation of Revenue [Line Items]    
Total consolidated sales $ 0 $ (59)
v3.26.1
COMPENSATION PLANS (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Equity Incentive Compensation Plan [Abstract]    
Shares available for issuance 600,000  
RSU contingent right, number of shares 1  
Share based compensation expense $ 0.5 $ 1.1
Unrecognized compensation expense $ 11.5  
Weighted average period, unrecognized compensation expense 1 year 9 months 18 days  
Restricted Shares [Member]    
Equity Incentive Compensation Plan [Abstract]    
Shares granted 95,787 119,813
Performance-Based RSU [Member]    
Equity Incentive Compensation Plan [Abstract]    
Shares granted 31,740 22,577
Employees [Member] | Restricted Shares [Member]    
Equity Incentive Compensation Plan [Abstract]    
Period over which grants vest (in years) 3 years  
Executive Officers And Other Key Employees | Performance-Based RSU [Member] | Minimum [Member]    
Equity Incentive Compensation Plan [Abstract]    
Target Number 0.00% 0.00%
Executive Officers And Other Key Employees | Performance-Based RSU [Member] | Maximum [Member]    
Equity Incentive Compensation Plan [Abstract]    
Target Number 200.00% 200.00%
Executive Officers And Other Key Employees | Relative TSR RSU Award [Member] | Minimum [Member]    
Equity Incentive Compensation Plan [Abstract]    
Target Number 0.00% 0.00%
Executive Officers And Other Key Employees | Relative TSR RSU Award [Member] | Maximum [Member]    
Equity Incentive Compensation Plan [Abstract]    
Target Number 200.00% 200.00%
v3.26.1
COMPENSATION PLANS (Schedule of Restricted Share Activity) (Details) - Restricted Shares [Member] - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Shares    
Beginning shares 287,345 319,035
Shares granted 95,787 119,813
Vested (80,774) (74,196)
Shares forfeited (49,714) (1,872)
Ending shares outstanding 252,644 362,780
v3.26.1
COMPENSATION PLANS (Schedule of Performance Stock Units Activity) (Details) - Performance-Based RSU [Member] - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Shares    
Beginning shares 21,091 0
Shares granted 31,740 22,577
Vested 0 0
Shares forfeited (2,856) 0
Ending shares outstanding 49,975 22,577
v3.26.1
COMPENSATION PLANS (Schedule of Market-Based Restricted Stock Units Activity) (Details) - Market-Based RSU [Member] - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Shares    
Beginning shares 174,495 111,285
Shares granted 42,324 63,162
Vested 0 0
Shares forfeited (8,685) 0
Ending shares outstanding 208,134 174,447
v3.26.1
COMPENSATION PLANS (Summary of Stock Option Activity) (Details) - Non-Qualified Stock Options [Member] - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Stock Option Activity, Number of Shares    
Beginning stock options outstanding 1,395 269,525
Stock options granted 0 0
Stock options exercised (1,395) 0
Stock options forfeited 0 0
Stock options expired 0 0
Ending stock options outstanding 0 269,525
v3.26.1
INCOME TAXES (Narrative) (Details)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Effective tax rate 0.90% 2.20%
v3.26.1
COMMITMENTS AND CONTINGENCIES (Narrative) (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Jul. 01, 2025
acre ft
Mar. 17, 2022
acre ft
Dec. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
Jun. 30, 2020
acre ft
Jun. 30, 2019
acre ft
May 31, 2025
USD ($)
Nov. 06, 2024
USD ($)
Commitments and Contingencies Disclosure [Abstract]                
Security placed with the State of Utah and BLM     $ 30,100 $ 28,400        
Long-term restricted cash deposits     600 600        
Surety bonds issued by an insurer     29,500 27,800        
Loss Contingencies [Line Items]                
OSE sought water repayment | acre ft 9,600              
Reclamation Deposits and Surety Bonds     30,100 28,400        
Restricted Cash, Noncurrent     600 600        
Surety bonds issued by an insurer     29,500 27,800        
Contingency liabilities, current     7,300 7,300        
Water Rights [Member]                
Loss Contingencies [Line Items]                
Pecos Water Right volume per year | acre ft   20,000            
Annual water volume that had not been forfeited | acre ft   5,800            
Annual water volume that had not been abandoned | acre ft   150            
Preliminary authorization of annual allowable water sales, volume, cancelled | acre ft         5,700 5,700    
Class Action Claim [Member]                
Loss Contingencies [Line Items]                
Contingent liability recorded in operating expense     4,000          
Estimated contingency               $ 5,000
Contingency liabilities, current     $ 4,000          
Unpermitted Brine Discharge [Member]                
Loss Contingencies [Line Items]                
Contingency liabilities, current             $ 2,200  
Accrual for environmental liability             $ 100  
Underpayment of Royalties [Member]                
Loss Contingencies [Line Items]                
Payments for legal contingencies       3,500        
Various Other Items [Member]                
Loss Contingencies [Line Items]                
Contingency liabilities, current       $ 1,000        
v3.26.1
FAIR VALUE (Narrative) (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
May 31, 2025
Feb. 28, 2023
May 31, 2020
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2025
Aug. 31, 2024
Cash and Cash Equivalents [Abstract]                
Cash equivalents       $ 5,900     $ 5,900  
Equity Investment Ovation [Member]                
Schedule of Equity Method Investments [Line Items]                
Equity method investment, ownership percentage       16.00%     16.00%  
Equity in earnings (loss) of unconsolidated entities       $ 0        
Equity Investment WDVGL [Member]                
Debt and Equity Securities, FV-NI [Line Items]                
Equity securities without readily determinable fair value, acquired     $ 3,500          
Equity securities fair value, cash received   $ 200            
Equity securities fair value               $ 3,300
NESR [Member]                
Debt and Equity Securities, FV-NI [Line Items]                
Equity securities fair value $ 2,500              
Equity securities, unrealized Loss           $ 500    
Equity securities, realized loss         $ 400      
Equity securities, proceeds from sale $ 2,100              
Equity Securities, total loss             $ 900  
v3.26.1
BUSINESS SEGMENTS (Narrative) (Details)
 3 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.26.1
BUSINESS SEGMENT (Information by Segment) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Sales $ 98,685 $ 94,527
Lower of cost or net realizable value inventory adjustments 822 1,335
Gross Margin 17,672 13,321
Depreciation, depletion and amortization expense [1] 9,951 9,856
Potash [Member]    
Segment Reporting Information [Line Items]    
Sales 46,119 43,577
Trio [Member]    
Segment Reporting Information [Line Items]    
Sales 52,538 49,842
Corporate Segment and Other Operating Segment    
Segment Reporting Information [Line Items]    
Sales 28 1,108
Total cost of goods sold 261 783
Lower of cost or net realizable value inventory adjustments 0 0
Gross Margin (233) 384
Depreciation, depletion and amortization expense [1] 556 761
Operating Segments [Member] | Potash [Member]    
Segment Reporting Information [Line Items]    
Sales 46,119 43,577
Total cost of goods sold 35,037 32,242
Lower of cost or net realizable value inventory adjustments 822 1,335
Gross Margin 3,067 2,503
Depreciation, depletion and amortization expense [1] 8,436 8,251
Operating Segments [Member] | Trio [Member]    
Segment Reporting Information [Line Items]    
Sales 52,538 49,842
Total cost of goods sold 24,319 25,865
Lower of cost or net realizable value inventory adjustments 0 0
Gross Margin 14,838 10,434
Depreciation, depletion and amortization expense [1] 959 844
Intersegment Eliminations [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 0 (59)
Freight Costs [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 16,730 17,491
Freight Costs [Member] | Corporate Segment and Other Operating Segment    
Segment Reporting Information [Line Items]    
Total cost of goods sold 0 (59)
Freight Costs [Member] | Operating Segments [Member] | Potash [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 5,486 5,786
Freight Costs [Member] | Operating Segments [Member] | Trio [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 11,244 11,764
Warehouse and Handling [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 3,844 3,490
Warehouse and Handling [Member] | Corporate Segment and Other Operating Segment    
Segment Reporting Information [Line Items]    
Total cost of goods sold 0 0
Warehouse and Handling [Member] | Operating Segments [Member] | Potash [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 1,707 1,711
Warehouse and Handling [Member] | Operating Segments [Member] | Trio [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 2,137 1,779
Mineral [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 59,617 58,890
Mineral [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Sales 98,685 94,586
Mineral [Member] | Operating Segments [Member] | Potash [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 35,037 32,242
Mineral [Member] | Operating Segments [Member] | Trio [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 24,319 25,865
Mineral [Member] | Intersegment Eliminations [Member]    
Segment Reporting Information [Line Items]    
Sales $ 0 $ (59)
[1] Depreciation, depletion, and amortization incurred for potash and Trio® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory
v3.26.1
BUSINESS SEGMENTS (Segment Reconciliation) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Total consolidated sales $ 98,685 $ 94,527
Total gross margin for reportable segments 17,672 13,321
Selling and administrative 11,273 9,155
Impairment of long-lived assets 0 662
Gain on disposal of assets (28) (160)
Accretion of asset retirement obligation 776 649
Other operating income (1,160) (1,283)
Other operating expense 586 596
Other operating expense 586 596
Interest Expense 0 105
Interest income (667) (375)
Other non-operating (income) expense (48) 466
Income from Continuing Operations Before Income Taxes 6,940 3,506
Mineral [Member]    
Segment Reporting Information [Line Items]    
Cost of goods sold (59,617) (58,890)
Operating Segments [Member] | Mineral [Member]    
Segment Reporting Information [Line Items]    
Total consolidated sales 98,685 94,586
Intersegment Eliminations [Member]    
Segment Reporting Information [Line Items]    
Cost of goods sold 0 59
Intersegment Eliminations [Member] | Mineral [Member]    
Segment Reporting Information [Line Items]    
Total consolidated sales $ 0 $ (59)
v3.26.1
BUSINESS SEGMENTS (Cost of Goods Sold) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Corporate Segment and Other Operating Segment    
Segment Reporting Information [Line Items]    
Labor and benefits $ 0 $ 0
Maintenance 0 0
Utilities and fuel 0 0
Operating supplies 0 0
Depreciation 56 397
Other [1] 205 386
Total cost of goods sold 261 783
Mineral [Member]    
Segment Reporting Information [Line Items]    
Labor and benefits 21,981 21,411
Maintenance 6,066 5,857
Utilities and fuel 4,322 4,306
Operating supplies 5,534 5,938
Depreciation 11,298 10,413
Other [1] 10,416 10,965
Total cost of goods sold 59,617 58,890
Operating Segments [Member] | Potash [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 35,037 32,242
Operating Segments [Member] | Trio [Member]    
Segment Reporting Information [Line Items]    
Total cost of goods sold 24,319 25,865
Operating Segments [Member] | Mineral [Member] | Potash [Member]    
Segment Reporting Information [Line Items]    
Labor and benefits 11,651 10,205
Maintenance 2,712 2,541
Utilities and fuel 2,792 2,653
Operating supplies 1,933 2,008
Depreciation 10,162 8,735
Other [1] 5,787 6,100
Total cost of goods sold 35,037 32,242
Operating Segments [Member] | Mineral [Member] | Trio [Member]    
Segment Reporting Information [Line Items]    
Labor and benefits 10,330 11,206
Maintenance 3,354 3,316
Utilities and fuel 1,530 1,653
Operating supplies 3,601 3,930
Depreciation 1,080 1,281
Other [1] 4,424 4,479
Total cost of goods sold $ 24,319 $ 25,865
[1] Other expense includes property taxes, insurance, royalties, and other miscellaneous expenses