Intrepid Potash Inc. today announced the appointment of Mary McBride as a new independent director to Intrepid’s Board of Directors , effective May 19, 2020. She will replace J. Landis Martin who announced his retirement, effective the same day, earlier this year. Ms. McBride brings additional financial, agricultural and oil and gas experience to the Board. “The depth of Mary’s banking experience serving customers across [...]
Intrepid Potash Inc. today announced that on April 17, 2020, it received formal notice of non-compliance with the New York Stock Exchange share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of $1.00 per share for 30 consecutive days. Under NYSE rules, Intrepid generally has six months following receipt of the notification to regain compliance with this [...]
Intrepid Potash Inc. today, retires Series A Senior Notes, updates 2020 guidance and announces its first quarter 2020 earnings release and conference call dates. Highlights Repaid $20 million of senior notes Update 2020 capital expenditure guidance to $15-$20 million, a reduction of $15-$20 million from the top of previous guidance Intrepid’s flexible capital requirements protect liquidity and maintain balance sheet [...]
Intrepid Potash Inc. today reports its financial results for the fourth quarter and full year of 2019. Key Takeaways for Fourth Quarter and Full Year 2019 Trio® and Oilfield Solutions segments continued to deliver strong sales results in the fourth quarter of 2019. Cash flow from operations of $11.8 million for the fourth quarter of 2019. Net income of $2.1 million, or $0.02 per share for the fourth quarter of 2019 [...]
Intrepid Potash Inc. plans to release its fourth quarter 2019 financial results on Monday, March 2, 2020, after the market closes. Intrepid will host a conference call on Tuesday March 3, 2020 at 10:00 a.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. announced today the appointment of Brian Stone as Chief Operating Officer, effective December 16, 2019, and Kyle Smith as General Counsel - Land, Minerals, Water, Oilfield Solutions and Government Affairs, effective December 30, 2019. Mr. Stone will assume responsibility for Intrepid’s oilfield solutions segment and its water business and has been tasked with continuing the organic expansion of [...]
Intrepid Potash Inc. today reported its results for the third quarter of 2019. Key Takeaways for Q3 2019 • Double-digit sales increases across potash, Trio®, and oilfield solutions segments compared with the prior year third quarter, partially offset by startup costs associated with the accelerated ramp up of operations at Intrepid South. • Cash flow from operations of $5.9 million. • Net loss of $0.2 million, or [...]
Intrepid Potash Inc. plans to release its third quarter 2019 financial results on Tuesday, November 5, 2019, before the market opens. Intrepid will host a conference call the same day at 10:00 a.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 U.S [...]
Intrepid Potash Inc. announced today that Joseph Montoya, current Vice President and Chief Accounting Officer, will be resigning from Intrepid effective November 9, 2019, to pursue another career opportunity. Intrepid also announced the appointment of Matt Preston to Vice President of Finance, effective November 10, 2019. Mr. Preston will serve as Intrepid’s principal financial officer and principal accounting [...]
Intrepid Potash Inc. today reported its results for the second quarter of 2019. Key Takeaways for Q2 2019 Net income of $5.6 million, or $0.04 per share, a $6.6 million increase compared to prior year second quarter net loss of $1.0 million, or $ per share. Adjusted EBITDA of $14.9 million. Cash flow from operations of $23.6 million. Potash, Trio®, and oilfield solutions segment gross margins of $8.2 million, $1.5 [...]
Intrepid Potash Inc. today announced the purchase along with NGL Energy Partners, LP of 652 acres in Loving County, Texas, and near the Intrepid South ranch for the purpose of developing a produced water disposal facility, which is expected to further enhance and facilitate the companies’ water recycling plans. The land was purchased for $6 million, with the companies each holding a 50% interest. After the [...]
Intrepid Potash Inc. today announced it entered into a five-year joint marketing agreement with NGL Energy Partners, LP under which Intrepid will be responsible for the development, transportation, marketing, and sale of water across approximately 185,000 acres in the heart of the Northern Delaware Basin. The agreement covers the developed and undeveloped water rights Intrepid acquired in the acquisition of the Dinwiddie [...]
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