secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001421461-21-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Q2 net income $19.5M; potash sales +54% YoY; debt reduced
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- Net income $19.5M ($1.46/sh); adj. net income $7.4M ($0.55/sh); gross margin $14.2M vs. deficit year ago.
- Potash sales $37.7M (+54% YoY); volume 92k tons (+24%); avg price $319/ton (+25%).
- Trio sales $26.9M (+40% YoY); volume 75k tons (+17%); avg price $271/ton (+30%).
- Repaid remaining $15M Senior Notes; $10M PPP loan forgiven; cash $53M; revolver debt $30M.
- Oilfield Solutions sales $3.3M; gross margin $0.9M; expects steady growth H2 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146121000022/0001421461-21-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146121000022/ipi-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001421461-21-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer