Loading...
•
Sep 30, 2021
Intrepid Potash Q3 2021 Earnings Report
Reported results for the third quarter of 2021, which were highlighted by higher fertilizer pricing, increasing oilfield sales, and solid improvements in cash flow generation compared to the prior year.
Key Takeaways
Intrepid Potash reported a net income of $4.0 million, or $0.30 per share, for the third quarter of 2021. The company's gross margin increased to $10.6 million, and adjusted EBITDA was $13.1 million. The company added a production shift at its East mine in September to incrementally increase production.
Potash and Trio average net realized sales price of $381 and $336 per ton respectively in Q3 2021, a year-over-year increase of $143 and $147 per ton, respectively. We expect potash price of approximately $495/ton and Trio® price of approximately $370/ton in Q4 2021.
Net income of $4.0 million, or $0.30 per share
Gross margin of $10.6 million, an increase of $10.9 million compared to the third quarter of 2020
Cash flow from operations of $8.0 million in Q3 2021, a $13 million improvement over the prior year
Intrepid Potash
Intrepid Potash
Intrepid Potash Revenue by Segment
Revenue by Segment
Potash Revenue
CapyFin.comTrio Revenue
CapyFin.comOilfield Solutions Revenue
CapyFin.com Forward Guidance
The company expects potash price of approximately $495/ton and Trio® price of approximately $370/ton in Q4 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income