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Intrepid Potash (IPI) delivered earnings and revenue surprises of 45% and 8.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Potash evaporation ponds at the Intrepid mine near Moab, Utah, 2012. Colorado River is at right of frame. Intrepid Potash, Inc. (NYSE: IPI), based in Denver, Colorado, is a fertilizer manufacturer. The company is the largest producer of potassium chloride, also known as muriate of potash, in the United States. [1]
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Intrepid Potash (NYS: IPI) might not be enjoying as much attention as its larger counterparts, but a good showing in the first quarter despite a soft market certainly deserves attention. The ...