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Intrepid Potash Inc - IPI STOCK NEWS

Welcome to our dedicated news page for Intrepid Potash (Ticker: IPI), a resource for investors and traders seeking the latest updates and insights on Intrepid Potash.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Intrepid Potash's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Intrepid Potash's position in the market.

News
Intrepid Announces Medical Leave of Absence for Bob Jornayvaz; Intrepid Co-founder Hugh Harvey rejoins Board of Directors
Rhea-AI Summary
Intrepid Potash, Inc. announced that Bob Jornayvaz, Executive Chairman and CEO, is on a medical leave of absence, with Matt Preston appointed as acting principal executive officer. Co-founder Hugh Harvey rejoins the Board of Directors. The company aims for stability and continuity during this interim period.
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management
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Intrepid Announces Accident Involving CEO
Rhea-AI Summary
Intrepid Potash, Inc. (NYSE:IPI) announces Bob Jornayvaz's accident at the U.S. Open Polo Championship, receiving treatment with updates to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
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Intrepid Announces Fourth Quarter and Full-Year 2023 Results
Rhea-AI Summary
Intrepid Potash, Inc. reports financial results for Q4 and full-year 2023 with total sales of $56.7 million in Q4 and $279.1 million for the year. Net loss of $37.3 million in Q4 and $35.7 million for the year. Adjusted EBITDA of $7.1 million in Q4 and $41.6 million for the year. Received $50 million from XTO for supporting oil and gas development. Impairment charges of $42.8 million in Q4. Cash and cash equivalents of $35.4 million as of March 1, 2024. Capital expenditures for 2023 at $65.1 million. Growth capital spending expected to be $40 to $50 million in 2024. Strategic focus on improving potash production. Key projects include Eddy Shaft Brine Extraction Project, Replacement Extraction Well, Phase Two of HB Injection Pipeline Project, and Brine Recovery Mine in Wendover, Utah. Trio® segment sales decreased by 13% in 2023. Oilfield Solutions segment sales decreased by 26% in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.84%
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earnings
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Intrepid Announces Date for Fourth Quarter 2023 Earnings Release
Rhea-AI Summary
Intrepid Potash, Inc. (NYSE: IPI) will release its Q4 2023 financial results on March 6, 2024, followed by a conference call on March 7, 2024, to discuss operating and financial matters. Investors can participate via dial-in or webcast.
Rhea-AI Impact
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End-of-Day
0.58%
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earnings
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Intrepid Enters into Third Amendment to Cooperative Development Agreement with XTO
Rhea-AI Summary
Intrepid Potash, Inc. (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement with XTO Holdings, LLC, receiving a payment of $45 million and an additional one-time payment of $50 million as an 'Access Fee'. The Amendment also provides for additional payments to Intrepid, with Petrie Partners acting as the financial advisor to the Company.
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0.05%
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Intrepid Engages Pickering Energy Partners as Lithium Advisor
Rhea-AI Summary
Intrepid Potash, Inc. (NYSE:IPI) engaged Pickering Energy Partners LP to advise on maximizing the value of the lithium resource at its Wendover mine in Utah. The company aims to capitalize on the lithium present in the brine and evaluate new direct lithium extraction technologies. With existing potash operations and infrastructure, Intrepid sees a clear path to production in the growing lithium industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.33%
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Intrepid Announces Third Quarter 2023 Results
Rhea-AI Summary
Intrepid Potash, Inc. (NYSE:IPI) reported Q3 2023 sales of $54.5 million, a decrease from $74.8 million in Q3 2022. Net loss was $7.2 million. Adjusted EBITDA was $2.2 million. Capital expenditures were $16.6 million. Project updates include brine extraction and drilling projects. Intrepid had approximately $7 million in cash and $146 million available under its revolving credit facility as of October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.17%
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earnings
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Intrepid Announces the Successful Completion of the Eddy Shaft Brine Extraction Project
Rhea-AI Summary
Intrepid Potash, Inc. announces the successful completion of the Eddy Shaft Brine Extraction Project at its HB solar solution mine in Carlsbad, New Mexico. The project provides access to a high-grade brine pool with a potassium chloride concentration expected at over 9%. The estimated range of potash product tons is 85 to 110 thousand, which will be incremental to other brine sources at HB. Production contribution from the project is expected to begin in the second half of 2024 and carry into 2025. The brine pool is currently being extracted at a rate of approximately 750 gallons per minute.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
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Intrepid Announces Date for Third Quarter 2023 Earnings Release
Rhea-AI Summary
Intrepid Potash, Inc. (NYSE: IPI) will release its Q3 2023 financial results on November 8, 2023, after the market closes. A conference call will be held on November 9, 2023, to discuss the results and answer investor questions. The call can be accessed via phone or webcast, and a recording will be available afterwards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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earnings
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Intrepid Publishes New Presentation
Rhea-AI Summary
Intrepid Potash, Inc. releases an overview presentation of its Potash Operations.
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-1.05%
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Stock IPI logo
Intrepid Potash Inc

NYSE:IPI

IPI Rankings

#3543 Ranked by Market Cap
#4792 Ranked by Stock Gains
N/A Ranked by Dividends

IPI Stock Data

270.63M
8.86M
25.35%
48.85%
3.35%
Potash, Soda, and Borate Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Denver

About IPI

intrepid potash is the only producer of potash in the united states. we also produce a specialty fertilizer, trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. intrepid serves diverse customers in markets where a logistical advantage exists; and is a leader in the utilization of solar evaporation production, one of the lowest cost, environmentally friendly production methods for potash. our efforts provide the necessary agricultural resources to feed people all around the world. headquartered in denver, colorado, intrepid potash, inc. has two production facilities in utah and three in new mexico. these subsidiaries are named: intrepid potash® - moab, llc, intrepid potash® - wendover, llc and intrepid potash® - new mexico, llc. these companies collectively employ approximately 500 people. intrepid's top priorities are safety and long-term protection of the environment. we know this can work in concert with sustainable, low cost production