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 [...]
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 [...]
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 [...]
Intrepid Potash Inc. today announced the appointment of Lori A. Lancaster as a new independent director to Intrepid's Board of Directors , effective July 28, 2021. She will replace Terry Considine who announced his retirement, effective the same day, on June 27, 2021. Ms. Lancaster brings additional financial, merger and acquisition, and oil and [...]
Intrepid Potash Inc. today announced the following increase to its potash and Trio® pricing. In response to recent increases in the barge and inland warehouse potash markets, Intrepid increased its potash price by $90 per ton at all locations and for all product grades. Intrepid is now posted at $250 per ton above 2020 summer-fill price levels [...]
Intrepid Potash Inc. today announced the following updates to its liquidity position: On June 1, 2021, Intrepid paid down the remaining $15 million outstanding on its Series B Senior Notes with cash on hand. Along with the paydown, Intrepid made a make-whole payment of $0.5 million and paid accrued interest of $0.1 million to noteholders. The [...]
Intrepid Potash Inc. today announced the following updates to its fertilizer pricing. Effective May 17, 2021, Intrepid increased its Trio® price by $20 per ton on all product grades. Trio® price is now posted at $100 per ton above the 2020 summer-fill value. In response to fill programs announced by competitors in early May, Intrepid increased its [...]
Intrepid Potash Inc. today reported its results for the first quarter of 2021. Key Takeaways for Q1 2021 Net income of $2.5 million, or $0.18 per share Gross margin of $9.1 million, up $3.5 million or 62%, compared to the first quarter of 2020. Cash flow from operations of $19.1 million Adjusted EBITDA of $12.9 million Water sales of $5.5 million [...]
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 [...]
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 [...]
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 [...]
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 [...]
