Intrepid Q2 net income $4.3M ($0.33 EPS) vs $23.7M; sales down 12% to $81.0M

Intrepid Potash, Inc.

2023-Q2 EPS reported $0.68

Net income $4.3M ($0.33 diluted EPS) vs $23.7M ($1.74) in Q2 2022; gross margin $15.4M vs $41.8M.
Total sales $81.0M (-12% YoY); potash avg realized price $479/ton (-35%), Trio $333/ton (-32%).
Potash sales volume 79k tons (+41% YoY); Trio volume 63k tons (+7%); production down in both.
Oilfield Solutions sales $5.1M (-32%); gross margin $1.3M vs $3.8M.
Full-year 2023 capex guided $65-75M; liquidity $165.6M (cash $15.6M + undrawn credit line).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Intrepid Potash, Inc. reported second quarter of 2023 results: revenue $81.0 million, net income $4.3 million, EPS $0.33 per diluted share.

Period: second quarter of 2023
Revenue: $81.0 million
Net income: $4.3 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

Intrepid generated second quarter 2023 sales of $81.0 million , a 12% decreas e from second quarter 2022 sales of $91.7 million. Consolidated gross margin in the second quarter of 2023 totaled $15.4 million, while net income totaled $4.3 million, or $0.33 per diluted share, 2 which compares to second quarter 2022 net income of $23.7 million, or $1.74 per diluted share.

View on SEC.gov

Browse all earnings releases →

Intrepid Potash, Inc. filing history →

Source: SEC EDGAR

accession 0001421461-23-000021

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.