Intrepid Potash Q1 2021 Earnings Report
Key Takeaways
Intrepid Potash, Inc. reported a net income of $2.5 million, or $0.18 per share, for the first quarter of 2021. The company's gross margin increased by $3.5 million, or 62%, compared to the first quarter of 2020. Cash flow from operations was $19.1 million, and adjusted EBITDA was $12.9 million.
Net income of $2.5 million, or $0.18 per share
Gross margin of $9.1 million, up $3.5 million or 62%, compared to the first quarter of 2020.
Cash flow from operations of $19.1 million
Adjusted EBITDA of $12.9 million
Intrepid Potash
Intrepid Potash
Intrepid Potash Revenue by Segment
Forward Guidance
Intrepid expects robust cash flow from operations will continue in the second quarter. Above-average evaporation at our potash facilities during the summer of 2020 will extend our production season into the second quarter and will allow us to meet the continued strong demand for fertilizer. Oilfield activity continues to improve in the Delaware Basin with rig counts and permits steadily increasing throughout the first quarter which we expect will lead to improved oilfield segment results in future periods.
Revenue & Expenses
Visualization of income flow from segment revenue to net income