secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001421461-22-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Potash Q2 sales $91.7M, adjusted EBITDA $41.5M; announces new frac sand project
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146122000024/0001421461-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146122000024/ipi-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001421461-22-000024

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