secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001421461-22-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Potash Q1 net income $31.4M ($2.31/sh); adjusted EBITDA $50.2M, sales up 46% YoY
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- Net income $31.4M ($2.31 EPS) vs $2.5M ($0.18) in Q1 2021; adjusted EBITDA $50.2M.
- Sales $104.4M, up 46% from $71.5M; gross margin $47.2M vs $9.1M.
- Potash avg realized price $703/ton (+149% YoY) despite 41% volume decline to 69k tons.
- Trio avg realized price $469/ton (+101% YoY); Trio gross margin $16.1M vs ($70k).
- Liquidity ~$154M ($80M cash, $74M revolver); no debt outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146122000017/0001421461-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146122000017/ipi-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001421461-22-000017

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