Intrepid Potash Inc. today announced the appointment of Lori A. Lancaster as a new independent director to Intrepid's Board of Directors , effective July 28, 2021. She will replace Terry Considine who announced his retirement, effective the same day, on June 27, 2021. Ms. Lancaster brings additional financial, merger and acquisition, and oil and gas experience to the Board. "The depth of Lori's investment banking [...]
Intrepid Potash Inc. today announced the following increase to its potash and Trio® pricing. In response to recent increases in the barge and inland warehouse potash markets, Intrepid increased its potash price by $90 per ton at all locations and for all product grades. Intrepid is now posted at $250 per ton above 2020 summer-fill price levels. Effective June 23, 2021, Intrepid increased its Trio® price by $35 per ton on [...]
Intrepid Potash Inc. today announced the following updates to its liquidity position: On June 1, 2021, Intrepid paid down the remaining $15 million outstanding on its Series B Senior Notes with cash on hand. Along with the paydown, Intrepid made a make-whole payment of $0.5 million and paid accrued interest of $0.1 million to noteholders. The Series B Senior Notes were scheduled to mature in April 2023. After the payoff [...]
Intrepid Potash Inc. today announced the following updates to its fertilizer pricing. Effective May 17, 2021, Intrepid increased its Trio® price by $20 per ton on all product grades. Trio® price is now posted at $100 per ton above the 2020 summer-fill value. In response to fill programs announced by competitors in early May, Intrepid increased its potash price by $20 per ton last week. Potash price is now posted at $150 [...]
Intrepid Potash Inc. today reported its results for the first quarter of 2021. Key Takeaways for Q1 2021 Net income of $2.5 million, or $0.18 per share Gross margin of $9.1 million, up $3.5 million or 62%, compared to the first quarter of 2020. Cash flow from operations of $19.1 million Adjusted EBITDA of $12.9 million Water sales of $5.5 million Produced water recycling initiative well under way "First quarter results [...]
Intrepid Potash Inc. plans to release its first quarter 2021 financial results on Monday, May 3, 2021, after the market closes. Intrepid will host a conference call on Tuesday, May 4, 2021 at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions. Management invites you to listen to the conference call by using the dial-in number 1-800-319-4610 from the [...]
Intrepid Potash Inc. today announced the following increase to its Trio® price. ·Effective March 15, 2021, Intrepid increased its Trio® price by $20 per ton on all product grades. Trio® price is now posted at $80 per ton above the 2020 summer-fill price. "The strong fertilizer season continues as solidly profitable farm economics support robust application across virtually all markets." said Bob Jornayvaz, Intrepid's [...]
Intrepid Potash Inc. today reports its financial results for the fourth quarter and full year of 2020. Key Fourth Quarter Takeaways $9.5 million improvement in the bottom line compared to the third quarter of 2020 with positive momentum continuing into 2021 across all segments. Net loss of $0.7 million, or $ per share in Q4 2020, compared to net loss of $10.2 million, or $ per share in Q3 2020. Adjusted EBITDA of $9.7 [...]
Intrepid Potash Inc. plans to release its fourth quarter 2020 financial results on Monday, March 1, 2021, after the market closes. Intrepid will host a conference call on Tuesday, March 2, 2021 at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions. Management invites you to listen to the conference call by using the dial-in number 1-800-319-4610 from [...]
Intrepid Potash Inc. today announced the following increase to its potash price at all locations. Effective February 8, 2021, Intrepid increased its agricultural pricing for potash by $50 per ton at all locations and on all new orders. Potash price is now posted at $140 per ton above the 2020 summer-fill value. Orders taken at the previous price level are expected to be delivered by the end of April. "Intrepid continues [...]
Intrepid Potash Inc. today announced the following updates on its potash and Trio® pricing and its 2021 outlook. Recent Developments: Potash price into agricultural markets has increased $90 per ton, or 31%, above 2020 summer-fill pricing after a $40 per ton increase announced in December. Current potash price into agricultural markets is $65 per ton above the January 2020 winter-fill price. Trio® price into agricultural [...]
Intrepid Potash Inc. today reported its results for the third quarter of 2020. Key Takeaways for Q3 2020 Net loss of $10.2 million, or $0.78 per share Adjusted EBITDA of $1.5 million Water sales of $3.6 million in the third quarter, up 42% from the second quarter of 2020. Good summer evaporation season has current potash pond levels well above average and up significantly compared to last year Recent Developments • Potash [...]
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