secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001421461-22-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Potash Q3 net income $13.1M ($0.97 EPS), sales up 26% to $74.8M
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- Net income $13.1M ($0.97 diluted EPS) vs $4.0M ($0.30) in Q3 2021; adjusted EBITDA $27.0M, up $13.9M YoY.
- Potash avg realized price $734/ton (+93% YoY) offset 26% volume decline to 46k tons; Trio avg price $488/ton (+45%) on 39k tons.
- Oilfield solutions sales $8.4M (+26%) but gross margin fell to $0.4M from $0.7M due to higher costs.
- Liquidity ~$195M: $46M cash, $149M on amended revolver ($150M, extended to Aug 2027); refunded $32.6M prepayment.
- Full-year 2022 capex guidance $65-75M; repurchased 71k shares under $35M program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146122000031/0001421461-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146122000031/ipi-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001421461-22-000031

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