IPI

• Gross margin expanded 35% to $16.6 million in Q2 2026 from $12.4 million a year earlier.
• Adjusted EBITDA from continuing operations rose to $17.5 million in Q2 2026 from $13.8 million in Q2 2025.
• Completed sale of Intrepid South for $68.9 million, recording a $13.2 million gain; received $62.0 million cash in Q2.
• Raised full-year 2026 production guidance for potash to 290-300 thousand tons and Trio to 295-305 thousand tons; lowered capex guidance to ~$40 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Tremblay joins from The Mosaic Company, where he was VP, Enterprise Strategy & Business Support; he previously spent 10 years in public accounting at Deloitte & Touche and Ernst & Young.
• Initial annual base salary is $435,000, with a target bonus of 75% of base salary under the 2026 executive bonus plan.
• He will receive a sign-on equity award with a grant date fair value of $350,000 (50% time-based vesting over 3 years, 50% performance-based) and an additional $250,000 equity grant vesting on the third anniversary.
• The company expects to enter into a change in control agreement with Tremblay, substantially similar to those of other executive officers.
• Cris Ingold will continue as Chief Accounting Officer after Tremblay's appointment.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Intrepid Potash's Board authorized an increase in its share repurchase program to $50 million, up from the prior $35 million authorization from February 2022.
• The 2026 Annual Meeting of Stockholders was held on May 28, 2026, with 10,505,945 shares represented (78.2% quorum).
• Stockholders elected Kevin S. Crutchfield and William M. Zisch as Class III directors, ratified KPMG LLP as independent auditor, and approved advisory say-on-pay compensation.
• The repurchase program does not obligate the company to buy any specific amount and may be suspended or discontinued at any time.

5.07 Submission of Matters to a Vote of Security Holders · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Q1 2026 sales from continuing operations were $98.7 million, up from $94.5 million in Q1 2025.
• Adjusted EBITDA was $19.0 million, up from $14.6 million in Q1 2025.
• On April 1, 2026, Intrepid sold most of its South Ranch assets to HydroSource Logistics LLC for $70 million, including an $8 million deposit received in December 2025.
• For FY 2026, Intrepid expects Trio® production of 285-300 thousand tons and capital expenditures of $40-50 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The assets include approximately 21,793 acres of fee land, 27,858 acres of federal grazing leases, water rights, and other related assets, comprising most of the oilfield solutions segment.
• The sale closed on April 1, 2026, and the company also amended its credit agreement, extending maturity to March 30, 2031, and appointing BMO Bank N.A. as successor administrative agent.
• CEO Kevin Crutchfield stated the sale aligns with strategic priorities to focus on core potash and Trio production and improve unit economics.
• Raymond James acted as financial advisor and Lewis Ringelman as legal advisor for the transaction.

1.01 Entry into a Material Definitive Agreement · 2.01 Completion of Acquisition or Disposition of Assets · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Preston will receive a cash lump sum of $1,335,638 under a Separation Agreement dated March 16, 2026, subject to conditions including a general release of claims and continued compliance with covenants.
• Cris Ingold, the company's Chief Accounting Officer, was appointed interim principal financial officer for SEC reporting purposes, effective March 11, 2026.
• Ingold will receive an additional $12,000 per month during his interim service and a one-time cash bonus of $50,000, on top of his current base salary.
• Ingold has served as Chief Accounting Officer since April 2024 and previously held accounting roles at the company since 2011, including Corporate Controller.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Net loss was $0.4 million in Q4 2025; net income was $11.2 million for full-year 2025.
• Adjusted EBITDA was $18.1 million in Q4 2025 and $63.1 million for full-year 2025.
• Trio sales volumes hit a record 303 thousand tons in 2025; 2026 production guidance is 285-300 thousand tons.
• Ended 2025 with $83.5 million cash and no debt; potential sale of Intrepid South assets with $8 million deposit received.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Net income was $3.7 million ($0.28 per diluted share) versus a net loss of $1.8 million in Q3 2024.
• Adjusted EBITDA was $12.0 million, up from $10.0 million in the prior-year quarter.
• Potash sales volumes rose 15% to 62 thousand tons, with average net realized price up 7% to $381 per ton.
• Trio® sales volumes fell 20% to 36 thousand tons, but average net realized price jumped 29% to $402 per ton.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits