Intrepid Potash reports Q3 adjuted EPS (53c), consensus (11c)

Reports Q3 revenue $54.5M, one estimate $43.37M. Bob Jornayvaz, Intrepid’s Executive Chairman and CEO commented: “Our third quarter results were highlighted by strong sales of potash and Trio and our volumes for the first nine months of the year remain well ahead of last year’s pace. Farmer economics continue to be supported by elevated futures prices compared to historical levels, while attractive fertilizer pricing in the eyes of growers remains a key driver of demand. Since early-August, we have seen modest improvements in market pricing for potash and all signs point to a robust fall application season. Moreover, our logistics and transportation advantages, as well as diversified sales into other markets like feed, continue to help drive our netbacks to levels above industry benchmark pricing.”