secwatch.observer — SEC 8-K summary
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Issuer:     Intrepid Potash, Inc. (IPI)
CIK:        0001421461
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001421461-24-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrepid Potash Q1 net loss $3.1M; sales down 9% YoY; CEO on medical leave
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- Sales $79.3M (down 9% YoY); net loss $0.24/diluted share vs net income $0.35 prior year.
- Adjusted EBITDA $7.7M vs $16.4M; potash avg net realized price $395/ton (down 19%).
- Trio sales volume 91k tons (+40% YoY); Trio segment gross deficit $1.1M vs margin $1.5M.
- CEO Bob Jornayvaz on temporary medical leave; CFO Matt Preston appointed acting principal executive officer.
- Cash from ops $41.5M incl $45M from XTO; liquidity $196.5M; FY2024 capex guidance $40-50M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421461/000142146124000021/0001421461-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421461/000142146124000021/ipi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001421461-24-000021

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