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Jun 30, 2021
Intrepid Potash Q2 2021 Earnings Report
Intrepid Potash's Q2 2021 results benefited from strong commodity prices and rising potash and Trio® pricing and demand, leading to significant improvements in net income, gross margin and EBITDA compared to the prior year.
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
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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