Intrepid Potash Q3 2022 Earnings Report
Key Takeaways
Intrepid Potash reported strong Q3 2022 results driven by high potash and Trio® prices. Total sales reached $74.8 million, a $15.6 million increase compared to Q3 2021. Net income improved by $9.1 million to $13.1 million (or $0.97 per diluted share), and adjusted EBITDA increased by $13.9 million to $27.0 million.
Total sales increased by $15.6 million compared to the third quarter of 2021, reaching $74.8 million.
Net income improved by $9.1 million compared to the third quarter of 2021, totaling $13.1 million (or $0.97 per diluted share).
Gross margin improved by $16.2 million over the same prior year period, reaching $26.8 million.
Adjusted EBITDA improved by $13.9 million over the same prior year period, totaling $27.0 million.
Intrepid Potash
Intrepid Potash
Intrepid Potash Revenue by Segment
Forward Guidance
Intrepid continues to deliver strong execution in the backdrop of high fertilizer pricing and a broadly supportive agriculture market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income