Intrepid Potash, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2023
March 06, 2024 at 04:30 pm EST
Share
Intrepid Potash, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 56.66 million compared to USD 66.68 million a year ago. Net loss was USD 37.29 million compared to net income of USD 3.98 million a year ago.
Basic loss per share from continuing operations was USD 2.91 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 2.91 compared to diluted earnings per share from continuing operations of USD 0.3 a year ago.
Intrepid Potash, Inc. is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products for customers in agriculture, animal feed and the oil and gas industry. Its segments include potash, Trio, and oilfield solutions. Its three primary products are potash, Trio, and water. It also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes. It sells potash into three primary markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. Trio is its specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. It sells water primarily for industrial uses in the oil and gas services industry. Its other oilfield related offerings include caliche, right-of-way agreements, and others.
INTREPID POTASH, INC. 
