Intrepid Potash (IPI) Misses Q2 EPS by 9c

Intrepid Potash (NYSE: IPI) reported Q2 EPS of ($0.08), $0.09 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $73.65 million versus the consensus estimate of $78.99 million.

"Second quarter results were driven down by lower potash sales volume and production levels," said Intrepid's Executive Chairman, President and CEO Bob Jornayvaz. "We remain focused on achieving sustainable, long-term performance and achieving operational excellence. Our solar assets, which are our most profitable, are performing well, we are updating West to build on the previous modifications we have made, and we made progress on our plans to increase Trio® production as well as product optionality at our East facility."

For earnings history and earnings-related data on Intrepid Potash (IPI) click here.

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