secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001421461-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146123000021/0001421461-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146123000021/ipi-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001421461-23-000021

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