Intrepid Potash Inc. reported net income for the second-quarter ending June 30, 2014, of $5.6 million ($0.07 per diluted share), up from the first-quarter loss of $355,000 ($0.00 per share). Second-quarter net income was still below the year-ago $11.3 million ($0.15 per share).
Second-quarter sales were up at $110.9 million versus the year-ago $92.7 million.
Potash sales volumes were up at 235,000 st from 184,000 st, though average realized prices were down at $329/st from $402/st.
Trio volumes surged to 62,000 st ($350/st) from the year-ago 35,000 st ($359/st).
Company-wide, six-month net income was $5.2 million ($0.07 per share) on sales of $209.8 million down from the year-ago $26.2 million ($0.35 per share) and $191.9 million, respectively.
Six-month potash volumes were 478,000 st ($323/st) up from the year-ago 369,000 st ($409/st).
Six-month Trio volumes were 98,000 st ($347/st), up from 74,000 st ($354/st).