secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001421461-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Potash Q1 net income falls 86% to $4.5M as potash prices decline 31% YoY
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- Net income $4.5M ($0.35 diluted EPS) vs $31.4M ($2.31) in Q1 2022; sales $86.9M (-17%).
- Potash segment: 89K tons sold (+29% YoY) but avg realized price $485/ton (-31%), gross margin $14.4M vs $29.1M.
- Trio segment: 65K tons sold (-8%), avg price $344/ton (-27%), gross margin $1.5M vs $16.1M.
- Adjusted EBITDA $16.4M vs $50.2M; cash from ops $8.4M vs $34.1M.
- Liquidity $159.5M; capex guidance $60-75M for 2023; Q1 capex $21.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146123000014/0001421461-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146123000014/ipi-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001421461-23-000014

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