Intrepid Potash Inc Stock Price, News & Analysis

Intrepid Potash (NYSE: IPI) appointed Christina Sheehan as General Counsel and Corporate Secretary, effective May 17, 2022. Sheehan, who joined Intrepid in December 2021 as Deputy General Counsel, has extensive experience in environmental and regulatory law, particularly in water rights and mining. Bob Jornayvaz, the Executive Chairman and CEO, praised her leadership and expertise, noting the company’s benefits from her knowledge of New Mexico’s regulations. Intrepid is a leader in potash production, serving customers in agriculture, animal feed, and oil sectors.

Intrepid Potash reported Q1 2022 results with total sales reaching $104.4 million, up from $71.5 million in Q1 2021. The net income for the quarter was $31.4 million ($2.31 per share), reflecting a significant increase from $2.5 million a year earlier. The gross margin improved to $47.2 million, driven by higher potash and Trio® prices at $703 and $469 per ton, respectively. Cash flow from operations stood at $34.1 million. The company has aimed to enhance production with various improvement projects and reported substantial liquidity of $154 million as of April 30, 2022.

Intrepid Potash Inc. (NYSE: IPI) will announce its Q1 2022 financial results on May 2, 2022, post-market. The company will hold a conference call on May 3, 2022, at 12:00 PM ET to discuss these results and other operational matters. Interested participants can join via a U.S. dial-in number or stream the call live on intrepidpotash.com. An audio recording will be made available shortly after the call, accessible through the company’s website and specific phone numbers until June 3, 2022.

Intrepid Potash (NYSE:IPI) reported solid financial results for Q4 and full-year 2021, achieving a net income of $223.9 million for Q4 and $249.8 million overall. This includes a $215.9 million tax benefit from deferred assets. Adjusted net income stood at $8.0 million for Q4, with EBITDA of $24.8 million. Cash flow from operations rose to $19.6 million, with cash on hand around $60 million. A $35 million share repurchase program was also announced. Furthermore, a joint feasibility study on using treated produced water for mining was launched, aiming to enhance sustainability efforts.

Intrepid Potash (NYSE: IPI) will announce its fourth quarter 2021 financial results on March 7, 2022, post-market close. A conference call is scheduled for March 8, 2022, at 12:00 p.m. Eastern Time to discuss the results and address investor queries. Investors can participate via phone or through a live stream on Intrepid's website. A recording will be available shortly after the call until April 10, 2022. Intrepid specializes in potassium and other essential minerals used in agriculture and various industries, focusing on cost-effective and environmentally-friendly production methods.

Intrepid Potash announced a proposed IPO through its subsidiary, Intrepid Acquisition Corporation I (IACI), intending to raise $200 million. The offering includes Class A common stock and related warrants, with underwriters given an option for an additional $30 million. IACI plans to list on Nasdaq under the symbol IACIU, with its sponsor owning 20% of the common stock post-offering. Intrepid and CW Interests hold 75% and 25% stakes in the sponsor entity, respectively. This transaction is subject to regulatory approval, and no market transactions can occur before the registration statement is effective.

Intrepid Potash (NYSE: IPI) reported its Q3 2021 results, showing a net income of $4.0 million or $0.30 per share. Potash and Trio® average net realized sales prices rose significantly, reaching $381 and $336 per ton, respectively, thanks to stronger market demand. The company also reported a gross margin of $10.6 million, a substantial increase from the prior year. However, an abnormal production cost of $3.6 million due to adverse weather impacted revenues. Looking ahead, Intrepid anticipates potash prices of $495 per ton in Q4 2021.

Intrepid Potash Inc. (NYSE: IPI) will release its third quarter 2021 financial results on November 1, 2021, after market close. A conference call is scheduled for November 2, 2021, at 12:00 p.m. ET to discuss these results and other matters. The call can be accessed at 1-800-319-4610 (U.S. and Canada) or +1-631-891-4304 (internationally). The recorded call will be available shortly after for replay until December 2, 2021. Intrepid is a leader in potash production and offers key products for agriculture and industrial applications.

Intrepid Potash Inc. (NYSE:IPI) announced price increases for its potash and Trio® products effective August 9, 2021. The Ag potash price will rise by $80/ton, now $200/ton above summer-fill prices from May. The Trio® price will increase by $50-$55/ton based on grade. CEO Bob Jornayvaz attributes this to strong agricultural demand and favorable grain prices, expecting robust order placements for Q4. Intrepid is a leading U.S. producer of potash and Trio®, leveraging solar evaporation for more efficient production.