Intrepid Potash Inc. plans to release its first quarter 2021 financial results on Monday, May 3, 2021, after the market closes. Intrepid will host a conference call on Tuesday, May 4, 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 [...]
Intrepid Potash Inc. today announced the following increase to its Trio® price. ·Effective March 15, 2021, Intrepid increased its Trio® price by $20 per ton on all product grades. Trio® price is now posted at $80 per ton above the 2020 summer-fill price. "The strong fertilizer season continues as solidly profitable farm economics support robust application across virtually all markets." said Bob Jornayvaz, Intrepid's [...]
Intrepid Potash Inc. today reports its financial results for the fourth quarter and full year of 2020. Key Fourth Quarter Takeaways $9.5 million improvement in the bottom line compared to the third quarter of 2020 with positive momentum continuing into 2021 across all segments. Net loss of $0.7 million, or $ per share in Q4 2020, compared to net loss of $10.2 million, or $ per share in Q3 2020. Adjusted EBITDA of $9.7 [...]
Intrepid Potash Inc. plans to release its fourth quarter 2020 financial results on Monday, March 1, 2021, after the market closes. Intrepid will host a conference call on Tuesday, March 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 [...]
Intrepid Potash Inc. today announced the following increase to its potash price at all locations. Effective February 8, 2021, Intrepid increased its agricultural pricing for potash by $50 per ton at all locations and on all new orders. Potash price is now posted at $140 per ton above the 2020 summer-fill value. Orders taken at the previous price level are expected to be delivered by the end of April. "Intrepid continues [...]
Intrepid Potash Inc. today announced the following updates on its potash and Trio® pricing and its 2021 outlook. Recent Developments: Potash price into agricultural markets has increased $90 per ton, or 31%, above 2020 summer-fill pricing after a $40 per ton increase announced in December. Current potash price into agricultural markets is $65 per ton above the January 2020 winter-fill price. Trio® price into agricultural [...]
Intrepid Potash Inc. today reported its results for the third quarter of 2020. Key Takeaways for Q3 2020 Net loss of $10.2 million, or $0.78 per share Adjusted EBITDA of $1.5 million Water sales of $3.6 million in the third quarter, up 42% from the second quarter of 2020. Good summer evaporation season has current potash pond levels well above average and up significantly compared to last year Recent Developments • Potash [...]
Intrepid Potash Inc. plans to release its third quarter 2020 financial results on Monday, November 2, 2020, after the market closes. Intrepid will host a conference call on Tuesday, November 3, 2020 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 [...]
Intrepid Potash announced today that it will effect a 1-for-10 reverse stock split of its common stock effective 5:00 pm Eastern on Thursday, August 13, 2020. Intrepid’s common stock will begin trading on a split-adjusted basis when markets open on Friday, August 14, 2020. Intrepid’s Board of Directors approved the split and determined the 1-for-10 ratio to be appropriate to meet Intrepid’s goals of improving the [...]
Intrepid Potash today reported its results for the second quarter of 2020. Key Takeaways for Q2 2020 Cash flow from operations of $8.8 million Net loss of $8.9 million, or $0.07 per share Adjusted net loss of $8.6 million, or $0.07 per share Adjusted EBITDA of $0.6 million Recent Developments Voluntarily repaid remaining $15 million of outstanding principal on Series C Senior Notes on July 17, 2020, leapfrogging our [...]
Intrepid Potash Inc. today announced that at the special meeting of stockholders held on July 28, 2020, Intrepid’s stockholders voted to approve all proposals presented, which together grant Intrepid’s Board of Directors authority to effect a reverse stock split of its shares of common stock at a ratio not less than 1-for-3 and not greater than 1-for-15 and, conditional on the split, to effect a corresponding reduction in [...]
Intrepid Potash announced today it paid down its Series C senior notes on July 17, 2020. Total payment to Series C noteholders was $17.1 million, which included $15.0 million in remaining principal, a reduced make-whole payment, and accrued interest. Intrepid made the payment entirely from cash on hand. After the payment, Intrepid has approximately $14 million in cash on hand, $30 million outstanding under its revolving [...]