Intrepid Potash (IPI) Issues Q1 Preliminary Sales and Production Results
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Intrepid Potash (NYSE: IPI) estimates that it produced between 215,000 and 225,000 tons of potash and sold between 200,000 and 210,000 tons of potash.
Intrepid estimates that its average net realized sales price for potash sold during the quarter was approximately $470 – $480 per ton. We expect the drawdown of potash inventory held by retailers and distributors to continue into the second quarter and expect that dealers will look to end the spring season with minimal inventories of product in their bins.
Intrepid’s cash cost of goods sold for potash for the first quarter of 2012, net of by-product credits, is estimated to be between $190 and $200 per ton.
Intrepid estimates that its average net realized sales price for potash sold during the quarter was approximately $470 – $480 per ton. We expect the drawdown of potash inventory held by retailers and distributors to continue into the second quarter and expect that dealers will look to end the spring season with minimal inventories of product in their bins.
Intrepid’s cash cost of goods sold for potash for the first quarter of 2012, net of by-product credits, is estimated to be between $190 and $200 per ton.
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