to Thank We you, your appreciate and Intrepid. good everyone. interest Evan morning your in attendance and
for XXXX, XX,XXX a with and for to run our that share sales fertilizer for pleased Intrepid meaningful our of key demand to highlighted tons I'm quarterly of solid recent products volumes first continue performance, able pickup XX,XXX totaling potash quarter its For which Trio. the was was tons in by
strong of agricultural and sales full year volumes, volumes, quarter from approximately figures first with sales our Trio sales XX% customers. volumes continuing compared into the second potash demand behind represent total the these When higher our our quarter of XXXX to XX%
adjusted quarter driver year's to with million EBITDA, income was $X.X $XX.X key While compares have of the being year, profitability adjusted figures our million, $XX.X net first start sales pricing. and our lower last and our our respective to XXXX lower totaling totaling which million the with been strong million, $XX.X
For context in due of many around to rushed Belarusian related invasion a to global prices XXXX to pricing, saw the around potash build and the some the sanctions increase and first potash distributors supply of led concerns significant Ukraine, quarter issues lower distribution to buy the inventory. which Russian's
the this in year's comparisons want trend forest inventories said, buyers only last these to However, spring depleted, coupling for against pricing maintaining “missing in started potash lower weren't back following in season, lackluster of caution with we half focusing the trays”. year-over-year XXXX on just-in-time approach, to application do and That the a XXXX.
potash for broader industry, Eastern current netbacks still still potash supply of provide the disruptions robust levels Intrepid, and the backdrop For we issues potential Europe. in and have concerns price from
outlook for the continues of to quite potash the agricultural While strong. user be primary end markets
and projected year solid at their have US elevated strong crop outlook is agriculture, futures. key consecutive to are Looking sheets third to have market, very by farmers specifically balance of Intrepid's supported profitability, be continues a which
For contracts $XX.XX corn, filed bushel, 'XX and contracts XXX a 'XX December soybeans, November for are 'XX still traded bushel. and over 'XX a over
apologize. through just $XX per barrel decade Looking back bushel. corn averaged per under futures November, $X over futures -- December the of On averaged under past a I just the end soybean XXXX, bushel,
to quite recently continue. to come recent improvement down input a So fertilizer today's considerably, costs have period. expect this pricing historical and is the trend Moreover, strong yield we and still farmer of XX% maximization XX% over application
adding the through focus outlook. resource our as South growth And grades in our on at ore mining remains projects to our the our as increase our Intrepid, we're which brine will for bodies, production, for sand XXXX primary improve pools, forward, potash execution Intrepid brine non wells Going the the well ranch. extraction our the on extensive optimistic successful
Before some more potash on dive trends. recent I production I into background the provide moment a to project our take want updates, to quick
production several past capacity. been lower the years, has Over our than productive potash our
some in For the in production for To rain summer Carlsbad XXXX, Wendover this mostly product a had summer external due we years, these examples, sale few and of and and factors weather significant rainfall permitting was for has event of lower XXXX. XXXX, in production the like in to heavy continuing key delays. been in also availability the a reason name XXXX into which experienced impacting
in delays been permitting quickly a lagging recent slow as on effect projects as new possible. for reason HB key facility, has bringing resulting in a New Moreover, project Mexico our at for
estimate by However, production our also past our we're this HP This XX,XXX the of tons. and approximately blind, well are namely the at factors we XXX,XXX that XXXX guidance XXXX reason for impacted lower XX,XXX external failure fall. to most failure extraction well negatively tons, cognizant primary extraction to production this is
this well our reverse projects XXX,XXX XXXX, upward seen correct and to Absent potash and in levels tons. the downward get recent production our trend roughly production our should to back at time least are underway, said, product XXXX are production have goals issue, an our or XXXX sustainably frame XXX,XXX the annual That potash resumed and potash to then trajectory. first
by degree that of potash near-term targeting high for initially confidence high-grade ready on is a production improving known our already extraction. have brine We
we designed XXXX have higher historical while the to soon the the levels, extraction that than highlight to ensure I control, recognize reliable years. projects, recent impact I brine production driving But impact, production for We XXXX positive also profile sustained that our are but have emphasize higher and programs level more injection the factors consistent of internal an I'll future potash sure capital are goals immediate rates, make to just namely both many want our are and our want higher-grade necessary production that help developing to we wells investment where meets outlined. production seeing
have HB. into key the where has been the Starting our three now focus reason projects more in we each facility recent key This I'll consequently primary is for and production go trend So for project declining with detail. in works. us, a
new first is The to brine double roughly rates. projected our injection pipeline, project is brine which injection a
levels second to this the of phase system, which the project, is inside life of injection more which sustaining is pigging long increased clean ensure consistent help infrastructure the in be key flow continuous over on having turn pipe also prevent rates, fly system rates. a operational long a will for the This and the With scale, project production term. the and higher will which
the starting brine be with pigging the the by the to the place to pipeline of with injection the half of year. The in is second still likely construction the rates expect being end end quarter, system year. in by the We improved begin of permitted
brine underway and Eddy in from expected term, commence construction high-grade target project both Shaft. we've the to a pool lower identified are the capital the new to extract of Permitting To with near high-grade brine of in a operations XXXX. quarter fourth
of production next the and with measurements the a several that few will brine in Shaft confident associated for have extraction supplementing times taken this are years, grade XXXX. benefit meaningful wells starting the product Eddy our on We've other impact
operational drill life Lastly, the have system. well replacement will a we plan extraction HB from to long-term pool significant to brine brine still target the that
installed project Mexico project to to and may permitting New get pushed this early due XXXX the Although, issues. being Eddy Shaft
have projects to multiple Moab, the in where on works. we moving Now
drilled three we be a potash in quarter. first For successfully the project, new cavern, key lateral the online will second which
show brine process, the and measurements in drilled previously to During high-grade the any caverns initial stay longer drilling we're than interval for able brine. of great horizontal target the our of availability
where into rig as pool also completed moved ore conventional sumps, we multiple and as to area After the the has previously we drilling flooded used part pools of wells. are which successfully in potash this cavern, and the brine part an the works old mine vertical new original high-grade of conventional lowest the referred brine is that we mine, area,
new the this horizontal difference key sumps is we've effort, that now laterals for identified. effectively the using we more are multiple target to However,
the is second to XXXX complete brine goal project XXXX into us allow for season. evaporation to the pump by have our this July Our ponds to
Wendover, in upcoming should capital producing fourth of this at for and evaporation weather Wendover want wet XXXX an no but did The that well. and brine brine seasons. online boost additional the the are major year, deep be planned growth the this winter At to mention very quarter wells drilled production successfully availability have we for I we to
frac to to ramp project, is the process Quickly once XXXX on permitting project through expect tons the per X by sand with goal of the year we to up begin the continue work operational. eventual production to the construction million end and
by surrounded our the for sand During potential did commercial to Delaware the start quarter, first oilfield location the agreements activity. with strategic engage in resource of which customers Basin, and is due to we
We from have parties. interest notably seen strong various
and projects success unit and feel of in improvement seeing impacts very confident coming higher we look to growth forward the production in economics an the years. in Overall, our the our of
I'll now go the call to turn Please ahead. Matt. over
