Intrepid Potash Inc. reported its results for the first quarter of 2022. Key Highlights for Q1 2022 Total sales increased to $104.4 million compared to $71.5 million in the first quarter of 2021 as potash and Trio® net realized sales prices increased to $703 and $469 per ton, respectively. Net income of $31.4 million, a $29.0 million improvement compared to Q1 2021. Gross margin of $47.2 million, a $38.1 million [...]
Intrepid Potash Inc. plans to release its first quarter 2022 financial results on Monday, May 2, 2022, after the market closes. Intrepid will host a conference call on Tuesday, May 3, 2022, at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and 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 reports its financial results for the fourth quarter and full year of 2021. Key Fourth Quarter and Full Year 2021 Takeaways Net income of $223.9 million and $249.8 million in the fourth quarter and full year 2021, respectively, which includes the release of $215.9 million of valuation allowance for deferred tax assets Adjusted net income of $8.0 million and $21.8 million in the fourth quarter and full year 2021 [...]
Intrepid Potash Inc. plans to release its fourth quarter 2021 financial results on March 7, 2022, after the market closes. Intrepid will host a conference call on March 8, 2022 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 U.S. and [...]
Intrepid Potash Inc. announced that one of its indirect subsidiaries, Intrepid Acquisition Corporation I, a newly formed special purpose acquisition company, filed a registration statement on Form S-1 with the SEC in connection with a proposed initial public offering of its units. Intrepid and Three Two Seven Family Management, LLC d/b/a CW Interests, a private investment management company owned by Rad Weaver, are [...]
Intrepid Potash Inc. reported its results for the third quarter of 2021. Key Takeaways for Q3 2021 Potash and Trio® average net realized sales price of $381 and $336 per ton respectively in Q3 2021, a year-over-year increase of $143 and $147 per ton, respectively. We expect potash price of approximately $495/ton and Trio® price of approximately $370/ton in Q4 2021. Net income of $4.0 million, or $0.30 per share Gross [...]
Intrepid Potash Inc. plans to release its third quarter 2021 financial results on Nov 1, 2021, after the market closes. Intrepid will host a conference call on Nov 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 the U.S. and Canada, or [...]
Intrepid Potash announced the following increase to its potash and Trio® pricing, effective August 9, 2021. $80/ton increase to Ag potash price at all locations and for all product grades. Intrepid is now posted at $200/ton above the 2021 summer-fill price levels announced in May 2021. $50-$55/ton increase to Trio® price depending on grade. "Attractive grain prices and farmer economics continue to support the global and [...]
Intrepid Potash Inc. announced today that its East Mine operation in Carlsbad, NM was the recipient of the 2020 Sentinels of Safety Award in the Large Underground Nonmetal category. Established in 1925, the Sentinels of Safety Award is presented by the National Mining Association each year to recognize the outstanding safety achievements of mining operations across a variety of categories. Recipients of the award recorded [...]
Intrepid Potash reported its results for the second quarter of 2021. Key Takeaways for Q2 2021 As of June 30, 2021, Intrepid had $53 million in cash on hand and only $30 million of remaining debt which is outstanding on its revolving credit facility. Intrepid paid down its remaining $15 million of Senior Notes and received full forgiveness of its $10 million Paycheck Protection Program loan to achieve this cash positive [...]
Intrepid Potash announced that Brian Stone has been promoted to President of Intrepid, effective August 2, 2021. As President, Mr. Stone will assume daily responsibility for executing the operations for all segments of Intrepid's business. "Brian's leadership experience and commodities background have been a wonderful addition to Intrepid and we are excited for him to lead the execution of our strategic vision to grow our [...]
Intrepid Potash Inc. plans to release its second quarter 2021 financial results on August 2, 2021, after the market closes. Intrepid will host a conference call on August 3, 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 U.S. and [...]
