Intrepid Potash Q4, full year preliminaries meet expectations

17 January 2013 23:20  [Source: ICIS news]

HOUSTON (ICIS)--Intrepid Potash's preliminary numbers for the fourth quarter and full-year 2012 met expectations, the US company said on Thursday.

According to a company press release, preliminary numbers for fourth-quarter potash production were 210,000-220,000 tons (190,000-200,000 tonnes), with sales reaching 195,000-205,000 tons. Preliminary potash production numbers for 2012 were 790,000-800,000 tons, with sales reaching 835,000-845,000 tons.

"Our preliminary results are consistent with our expectations of a strong fall application season, and we were pleased to see quarterly improvement once again in the potash production rate from our East facility," said Bob Jornayvaz, Intrepid's executive chairman of the board.  "Fall fertilizer sales in North America were reflective of robust demand for potash across the markets we serve."

Intrepid owns five active potash production facilities in the US and is building a sixth.

By: Jeremy Pafford
+1 713 525 2653

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