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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Intrepid Potash plans to release its second quarter 2020 financial results on Monday, August 3, 2020, after the market closes. Intrepid will host a conference call on Tuesday, August 4, 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 [...]
Intrepid Potash has scheduled a special meeting of stockholders on Tuesday, July 28, 2020, at 10:00 a.m., Mountain Time to vote on a non-dilutive reverse split of Intrepid’s common stock at a ratio ranging from one-for-three to one-for-fifteen and a related reduction in authorized shares. The final ratio will be determined by Intrepid’s board based [...]
Intrepid Potash Inc. today announced that on June 2, 2020 it received written notice from the New York Stock Exchange stating that Intrepid had regained compliance with the applicable NYSE minimum share price requirement. On April 17, 2020, Intrepid previously received notice from the NYSE that its stock price had fallen out of compliance with NYSE [...]
Intrepid Potash Inc. which is proud it has been recognized as an essential business by the New Mexico Governor, today announced it safely sold a record volume of Trio® to domestic customers during April. “Most importantly, our team accomplished this work safely and under mandated COVID-19 safety guidelines and procedures, including social [...]
