Intrepid Potash Second Quarter 2024 Earnings: US$0.065 loss per share (vs US$0.34 profit in 2Q 2023)

Intrepid Potash (NYSE:IPI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$50.0m (down 26% from 2Q 2023).
• Net loss: US$833.0k (down by 119% from US$4.31m profit in 2Q 2023).
• US$0.065 loss per share (down from US$0.34 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intrepid Potash Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 12% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Intrepid Potash's balance sheet.

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