Intrepid Potash Q3 2021 Earnings Report
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
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