secwatch.observer — SEC 8-K summary
======================================

Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001421461-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Potash Q4 net loss $37.3M on $42.8M impairment; sales down 15% for 2023
--------------------------------------------------------------------------------

- Full-year 2023 sales $279M vs $338M in 2022; net loss $35.7M ($2.80/sh) includes $43.3M impairment.
- Adjusted EBITDA 2023 $41.6M; adjusted net loss $3.0M. Potash avg realized price $466/ton (-35% YoY).
- Received $50M upfront from XTO amendment; additional guaranteed $50M payment and up to $100M possible.
- Cash $35.4M as of March 1, 2024; liquidity $185.4M with zero revolver borrowings.
- 2024 capex guidance $40-50M; HB solution mine projects on track for higher production from H2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146124000010/0001421461-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146124000010/ipi-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001421461-24-000010

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