Intrepid Potash Q3 net loss $7.2M; sales down 27% YoY on lower potash pricing

Intrepid Potash, Inc.

2023-Q3 EPS reported $0.13

Total sales $54.5M, down 27% from $74.8M in Q3 2022 due to lower potash and Trio pricing.
Net loss $7.2M ($0.56/diluted share) vs net income $13.1M ($0.97) in prior year; adjusted EBITDA $2.2M vs $27.0M.
Potash average net realized price fell to $433/ton from $734/ton; Trio price fell to $298/ton from $488/ton.
Commissioned Eddy Shaft Brine Extraction project in Oct; expects production contributions from H2 2024.
Full-year 2023 capex expected $65-75M; liquidity $153M as of Oct 31.

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 0.98

Intrepid Potash, Inc. reported third quarter of 2023 results: net income Net loss of $7.2 million (or $0.56 per diluted share), EPS $0.56 per diluted share.

Period: third quarter of 2023
Net income: Net loss of $7.2 million (or $0.56 per diluted share)
EPS: $0.56 per diluted share
Result: reported results

Exact text from the filing

Total sales of $54.5 million, which compares to $74.8 million in the third quarter of 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Intrepid Potash, Inc. reported third quarter of 2023 results: net income Net loss of $7.2 million (or $0.56 per diluted share), EPS $0.56 per diluted share.

Period: third quarter of 2023
Net income: Net loss of $7.2 million (or $0.56 per diluted share)
EPS: $0.56 per diluted share
Result: reported results

Exact text from the filing

Net loss of $7.2 million (or $0.56 per diluted share), which compares to net income of $13.1 million (or $0.97 per diluted share) in the third quarter of 2022.

View on SEC.gov

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Intrepid Potash, Inc. filing history →

Source: SEC EDGAR

accession 0001421461-23-000025

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