earnings
confidence high
sentiment positive
materiality 0.80
Intrepid Potash Q2 sales $91.7M, adjusted EBITDA $41.5M; announces new frac sand project
Intrepid Potash, Inc.
2022-Q2 EPS reported
$4.03
- Q2 total sales $91.7M (+35% YoY); net income $23.7M ($1.74 diluted EPS) vs $19.5M in Q2 2021.
- Adjusted EBITDA $41.5M vs $16.9M prior year; cash from operations $49.1M; liquidity $159M.
- Potash avg realized price $738/ton (+131% YoY); Trio $493/ton (+82% YoY); volumes down on lower production.
- Announced initial frac sand development on South ranch with potential 600k tons/yr for Delaware Basin starting 2023.
- Full-year capex guidance $65-75M; growth projects on track including Moab cavern and Wendover wells.