Intrepid Potash, Inc. (IPI) is dropping during pre-market trading following the release of its quarterly report.
At 8:15 am ET the stock is trading at $44.47 down $2.23 from Wednesday's close.
With the decline, the stock stands to open having reversed some recent gains.
The company reported second quarter net income of $25.76 million, compared to $7.25 million last year. Earnings for the current quarter were $0.34 per share.
Pro forma net income for the quarter was $32.45 million, or $0.43 per share, up from $4.01 million, or $0.05 per share, in the same quarter of last year.
Adjusted net income for the quarter rose to $31.56 million from $4.33 million in the prior year quarter.
Sales for the quarter were $80.16 million, higher than $56.12 million in the corresponding period last year.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.