Intrepid Potash (IPI) Reports Q4 Net Income of $8M

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Go back to Intrepid Potash (IPI) Reports Q4 Net Income of $8M

Intrepid Reports Fourth Quarter and Full Year 2021 Results

March 7, 2022 4:20 PM EST

Denver, CO, March 07, 2022 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) ("Intrepid", the "Company", "we", "us", "our") today reports its financial results for the fourth quarter and full year of 2021.

Key Fourth Quarter and Full Year 2021 Takeaways

Net income of $223.9 million and $249.8 million in the fourth quarter and full year 2021, respectively, which includes the release of $215.9 million of valuation allowance for deferred tax assetsAdjusted net income(1) of $8.0 million and $21.8 million in the fourth quarter and full year 2021, respectively. Recorded $7.0 million of tax... More