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Intrepid Potash Inc. Announces Preliminary Second Quarter 2012 Sales And Production Results And Schedules Second Quarter 2012 Conference Call; Potash Sales Exceeded Outlook

Stocks in this article: IPI

Intrepid Potash Inc. (Intrepid) (NYSE:IPI) announced today preliminary sales and production results for the second quarter 2012.

This release is focused only on preliminary second quarter 2012 information. Intrepid is scheduled to release second quarter 2012 financial results, including a current market update, capital project status and operations outlook after market close on Wednesday, August 1, 2012.

Preliminary Sales and Production Results

    Preliminary
Three Months Ended
June 30, 2012

Potash

Production (tons) 165,000 - 175,000
Sales (tons) 180,000 - 190,000
Average Net Realized Sales Price ($/ton) $460 - $470
Cash COGS, net of by-product credit ($/ton) $175 - $185
 
Total COGS ($/ton) $235 - $245
 

Trio ®

Production (tons) 30,000 - 35,000
Sales (tons) 25,000 - 30,000
Average Net Realized Sales Price ($/ton) $315 - $325
Cash COGS ($/ton) $200 - $210
 
Total COGS ($/ton) $275 - $285
 
Selling and Administrative $8 - $10 million
 

On a preliminary basis, Intrepid estimates that it produced between 165,000 and 175,000 tons of potash and sold between 180,000 and 190,000 tons of potash during the second quarter of 2012.

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