secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001421461-23-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146123000025/0001421461-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146123000025/ipi-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001421461-23-000025

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