Welcome to our dedicated page for Intrepid Potash news (Ticker: IPI), a resource for investors and traders seeking the latest updates and insights on Intrepid Potash stock.
Intrepid Potash, Inc. reports developments for a U.S. mineral producer focused on potash, Trio® specialty fertilizer, and related potassium, magnesium, sulfur, and salt products. The company is the only U.S. producer of muriate of potash and produces minerals through three solar solution potash facilities and one conventional underground Trio® mine.
Recurring news covers quarterly results, fertilizer pricing and sales volumes, potash and Trio® production, operating costs, capital spending, mine and cavern projects, asset portfolio actions, and lithium recovery work tied to byproduct brine at the Wendover, Utah potash facility.
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Intrepid Potash (NYSE: IPI) will release its Q1 2023 financial results on May 3, 2023, after market close. A conference call is scheduled for May 4, 2023, at 12:00 p.m. ET to discuss results and answer investor questions. Participants can join via toll-free number 1 (888) 210-4149 or toll dial-in 1 (646) 960-0145, using conference ID 9158079. The call will also be available via webcast. A recording will be accessible shortly after the call's conclusion and available until May 11, 2023. Intrepid specializes in potassium, magnesium, sulfur, and other mineral products, with a focus on sustainable and cost-effective potash production.
Intrepid Potash reported its financial results for Q4 and full-year 2022, achieving total sales of $66.7 million for Q4 and $337.6 million for the year. The average net realized sales prices for potash and Trio® rose to $713 and $479 per ton, respectively. Net income for Q4 was $4 million ($0.30 per diluted share) and $72.2 million ($5.37 per diluted share) for the year. Adjusted EBITDA stood at $23.1 million in Q4, totaling $141.8 million for 2022. The Company ended the year with $18.5 million in cash and $149 million in credit capacity. Capital spending for 2022 was $68.7 million, with guidance for 2023 set at $60 to $75 million.