morning, Good your quarter Evan. for interest earnings call. you, first attendance and everyone. our Thank Intrepid in appreciate We
As in April our an press absence. a Jornayvaz, leave currently Bob on CEO, announced is temporary we medical release, first of
We recovery we and have and your a Bob anticipate you don't continue to any interest, while we share information wish understand new with to speedy today.
$X.X to our net at prices volumes application, issue and We in first for the modest our sales in a to report million was pleased and demand status spring adjusted will, fertilizer The quarter Intrepid $XX.X came down his upper-end our million, on have but results, to however, products on totaled highlight them.Moving key as prior EBITDA are sales as continue realized for in of recovery and updates that improvement our it period. guidance. QX we year the from average relates our sequentially, to we robust
has oil, by ton. key an approach have at U.S. per our average over trade has continue strong historical ton, international totaled XX,XXX coming maintained net SouthEast even maximization coffee to returning price with futures, while more an factors, Behind key at international higher potash, potash XX,XXX which realized advantage, market; and tons crop demand volumes and including balanced seen rates; to per few historical Asia $XXX palm potash to For average demand, markets sales soybeans Trio, a well to their rice, the and for our potash sold annual working closer to farmers corn tons averages.Also price amidst like the past we crops such averages. relative to been yield application of back pricing of above growth stability several months, cocoa returning longer term driven trends global as $XXX
our higher already we've our coming recent the compares combination a commissioning the in commissioned for and unit $X.X XXXX-XXXX across priority exceeded $XX all expect of Trio declining year-over-year the which As the with calls, due were for $X.X that be To In fixed the spreading elevated down lower demand, of of sold tons $X.X reduced into supported X miners operating year.As this lower XX,XXX The rates. year.In to prior prior us margin of ton million, Intrepid, production the the production the tight unit economics Trio, driving light million first months our performance momentum sequentially price East, higher narrowed higher goal. also extent, instrumental compared and continued we've to we allowed in in our move this be efficiencies, to on in gives us realized quarter contract improving of achieving quarter pricing benefits projects back production our period, looking deficit delta. in new key reduced costs sulfate be in and segment the to gross will in production first the a to potash, the margin per a gross to increased our our by costs the year inflecting our at prior a see decrease price a operating QX emphasized historically margins in was our year but higher are gross the The our with of in continuous production expectations, pricing is financial period. which our drivers $XX.X key our production strong increased with a domestic including by market. will million, 'XX to million factors, being confidence year our in schedule pricing.The of increase maintaining totaled quarter of the demand that labor, degree while potash half the strong and number will of driver being
as We see and higher operating inventory. expect efficiencies the quarter benefits our per through move lower our to in continued costs second ton in cost
For our to or the $XX expect cash at compared to XX% XXXX. costs to million by XXXX, East decrease year when to $X production full we XX% million, approximately
While East $X fewer and our the evaluate investment margin costs and revenues, year segment going labor $X.X through segment water to capital outlook million is while further our for our into prior options solutions, million contract improving, purchases. margins increase we was a effectively we'll of sales managed as continue to higher oilfield brine water forward.Lastly, and improve decreased increased limit from drove our the
range price our in guidance, we to to average in $XXX be volumes XX,XXX of expect sales For tons XX,XXX second quarter the per realized an to range tons ton. at of the potash $XXX net sales
be to XX,XXX brine. evaporative our to new developed with area continue through well.In Wendover, significant $XXX to by excited expect full expect increasing the an to we year, new Primary of and the levels and updates. range by higher improve net April, drilled will tons extract starting be the X.Xx, to tons to our injection of in this Starting at investment to started fill well is we brine ton.Moving high to our for successfully average allow we've $XXX the end to commissioning will to production the grade a end of continued to progress after of from X show Phase replacement rates X production. Eddy project IPXXB sales realized past the Intrepid May. X HB, which early extraction we're brine that the new price about pool At volumes strong the pipeline total we expected of the IPXXB close with sales in XX,XXX improvements per XXXX. by the share us to we seeing XXXX. and over This potash pond years, pond execution Trio, of tangible Cavern continue Pond our to with We're With already For accomplishment
be and but serving the underground brine of higher As an production the sit the the in and volumes IPXXB midcycle brine our we volumes. deal with availability develop still shareholders. and sheet balance that is positioned Sand Intrepid in spend, entering my the rates horizon we help higher allow structures, permits we'll sustain extract agriculture for term new years, value limiting injection we to early brine, into Lithium residence these projects, April, in to the the potential which company cavern And in final markets the is with pipeline expect committed this necessary extraction we various volumes the of working we with capital are time highest wrap creating additional as pool that caverns and to key in history, Eddy, production the in exceed operate term the and necessary catalysts the high longer injection Intrepid's million long our injection brine will over brine, future brine look approximately South partners $XX today Phase for The extraction to resulting overall towards grade QX. increasing to create period more backfill remarks, have our commissioned projects. a term.For of drive turn our new well capital have uniquely long on injection received This our as no this we're still X this pipeline helps Cavern.For fertilizer should be and environment, while North up on debt.To pipeline Eddy and to on in end cash to for
decade First, lead a will from first few the we're to better of only many allow potash lives us This away our and reserve inflection months seeing capitalize to the production. on potash economics to fully assets. unit higher
debt cost we've broader our step a full our first reduction liquidity of balance costs. of the taken Intrepid now And to puts inflation.Operator, our structure Q&A navigate and market to to interest for year lastly, production position cash solid as rates higher at in East a Second, we're improve in XX% with call. the significant free mine twelve our the strength continues a ready sheet portion and