Intrepid Potash Q2 2021 Earnings Report
Key Takeaways
Intrepid Potash reported a net income of $19.5 million, or $1.46 per share, and adjusted net income of $7.4 million, or $0.55 per share for Q2 2021. The company's gross margin increased to $14.2 million compared to a gross deficit in the prior year. Cash flow from operations was $32.3 million for the quarter.
As of June 30, 2021, Intrepid had $53 million in cash on hand and only $30 million of remaining debt which is outstanding on its revolving credit facility.
Net income of $19.5 million, or $1.46 per share and adjusted net income of $7.4 million, or $0.55 per share
Gross margin of $14.2 million, an increase of $14.8 million compared to the second quarter of 2020
Cash flow from operations of $32.3 million in Q2 2021, increasing first half 2021 cash flow from operations to $51.4 million
Intrepid Potash
Intrepid Potash
Intrepid Potash Revenue by Segment
Forward Guidance
We expect steady growth in our oilfield solutions segment over the next six months and into 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income