Intrepid Cites Virus for 2Q Loss

Intrepid Potash Inc., Denver, posted a second-quarter net loss of $8.9 million on sales of $46.5 million compared to the year-ago net income of $5.6 million and sales of $62.5 million. The company said the results were clearly affected by COVID-19 which impacted its oilfield and water sales activity during the quarter. It said this overshadowed its strong fertilizer performance during the spring application season and its good 2020 evaporation rates at its potash facilities.