Welcome to our dedicated page for Intrepid Potash news (Ticker: IPI), a resource for investors and traders seeking the latest updates and insights on Intrepid Potash stock.
Intrepid Potash, Inc. reports developments for a U.S. mineral producer focused on potash, Trio® specialty fertilizer, and related potassium, magnesium, sulfur, and salt products. The company is the only U.S. producer of muriate of potash and produces minerals through three solar solution potash facilities and one conventional underground Trio® mine.
Recurring news covers quarterly results, fertilizer pricing and sales volumes, potash and Trio® production, operating costs, capital spending, mine and cavern projects, asset portfolio actions, and lithium recovery work tied to byproduct brine at the Wendover, Utah potash facility.
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Intrepid Potash (NYSE: IPI) will release its Q1 2023 financial results on May 3, 2023, after market close. A conference call is scheduled for May 4, 2023, at 12:00 p.m. ET to discuss results and answer investor questions. Participants can join via toll-free number 1 (888) 210-4149 or toll dial-in 1 (646) 960-0145, using conference ID 9158079. The call will also be available via webcast. A recording will be accessible shortly after the call's conclusion and available until May 11, 2023. Intrepid specializes in potassium, magnesium, sulfur, and other mineral products, with a focus on sustainable and cost-effective potash production.
Intrepid Potash reported its financial results for Q4 and full-year 2022, achieving total sales of $66.7 million for Q4 and $337.6 million for the year. The average net realized sales prices for potash and Trio® rose to $713 and $479 per ton, respectively. Net income for Q4 was $4 million ($0.30 per diluted share) and $72.2 million ($5.37 per diluted share) for the year. Adjusted EBITDA stood at $23.1 million in Q4, totaling $141.8 million for 2022. The Company ended the year with $18.5 million in cash and $149 million in credit capacity. Capital spending for 2022 was $68.7 million, with guidance for 2023 set at $60 to $75 million.
Intrepid Potash Inc. (NYSE: IPI) is scheduled to release its fourth quarter 2022 financial results on March 6, 2023, after market close. A conference call will follow on March 7, 2023, at 12:00 p.m. ET to discuss the results and address investor queries. Interested parties can listen via toll-free dial-in or through a live webcast. The recording will be available shortly after the call until March 14, 2023.
Intrepid specializes in diverse mineral products essential for agriculture and industrial uses, including being the only U.S. producer of muriate of potash.
Intrepid Potash reported a strong Q3 2022 with total sales of $74.8 million, up $15.6 million from Q3 2021, driven by rising potash and Trio® prices. Net income reached $13.1 million or $0.97 per diluted share, a significant improvement from $4.0 million in the previous year. Cash flow used in operations was $14.1 million due to a refund of $32.6 million to a customer. The company has strong liquidity of $195 million. Adjusted EBITDA for the quarter stood at $27.0 million, marking a $13.9 million increase compared to last year.
Intrepid Potash Inc. (NYSE: IPI) is set to release its third quarter 2022 financial results on November 2, 2022, after market close. A conference call will follow on November 3, 2022, at 12:00 p.m. Eastern Time to discuss the results and answer investor questions. Listeners can join via phone or a live webcast. Intrepid is a key player in the mineral industry, providing essential products for agriculture and oil, and is the only U.S. producer of muriate of potash, crucial for crop development.