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 [...]
Intrepid Potash Inc. plans to release its third quarter 2020 financial results on Monday, November 2, 2020, after the market closes. Intrepid will host a conference call on Tuesday, November 3, 2020 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 [...]
Intrepid Potash announced today that it will effect a 1-for-10 reverse stock split of its common stock effective 5:00 pm Eastern on Thursday, August 13, 2020. Intrepid’s common stock will begin trading on a split-adjusted basis when markets open on Friday, August 14, 2020. Intrepid’s Board of Directors approved the split and determined the 1-for-10 ratio to be appropriate to meet Intrepid’s goals of improving the [...]
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