AP NEWS

Intrepid Potash: 1Q Earnings Snapshot

May 6, 2020 GMT

DENVER (AP) _ Intrepid Potash Inc. (IPI) on Wednesday reported a first-quarter loss of $7.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, were 2 cents per share.

The potash and fertilizer producer posted revenue of $64 million in the period. Its adjusted revenue was $52.1 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.02. A year ago, they were trading at $3.59.

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