Ankündigung • Jul 10
Intrepid Potash, Inc. to Report Q2, 2026 Results on Aug 04, 2026 Intrepid Potash, Inc. announced that they will report Q2, 2026 results After-Market on Aug 04, 2026 Buy Or Sell Opportunity • Jul 07
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to US$35.07. The fair value is estimated to be US$28.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 17
Now 23% overvalued Over the last 90 days, the stock has fallen 8.8% to US$35.04. The fair value is estimated to be US$28.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. Ankündigung • Jun 16
Intrepid Potash, Inc. Announces Chief Financial Officer Changes Intrepid Potash, Inc. announced the appointment of Jason Tremblay as Chief Financial Officer, effective June 15, 2026. Mr. Tremblay, age 54, joins the Company from The Mosaic Company, where he most recently served as Vice President, Enterprise Strategy & Business Support. In that role, he led enterprise strategy, investor relations, enterprise risk management, and business support functions, working closely with senior leadership and the board on strategic planning, value creation initiatives, and capital allocation. During his tenure at Mosaic from 2007 to June 2026, Mr. Tremblay held a range of senior leadership roles, including Vice President of Finance for the company’s Potash Business Unit, where he supported operations, commercial activities, capital projects, and overall business performance. Prior to Mosaic, Mr. Tremblay spent 10 years in public accounting with Deloitte & Touche and Ernst & Young, where he developed expertise in audit, accounting, internal controls, due diligence, and professional practice oversight. Mr. Tremblay holds a Bachelor of Commerce degree from the University of Saskatchewan and is a Chartered Professional Accountant (CPA) of Canada. He has also served in industry and community leadership roles, including as a former Board Member and Audit Committee Chair of the Saskatchewan Mining Association. Mr. Trembly will also serve as the Company’s principal financial officer for SEC purposes, replacing Cris Ingold, Chief Accounting Officer, who has served as interim principal financial officer since March 16, 2026. Recent Insider Transactions • May 17
Independent Director recently sold US$217k worth of stock On the 12th of May, Lori Lancaster sold around 5k shares on-market at roughly US$45.24 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.0m more than they bought in the last 12 months. Price Target Changed • May 14
Price target increased by 8.3% to US$26.00 Up from US$24.00, the current price target is provided by 1 analyst. New target price is 39% below last closing price of US$42.63. Stock is up 13% over the past year. The company posted earnings per share of US$0.86 last year. New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.52 (vs US$0.36 in 1Q 2025) First quarter 2026 results: EPS: US$0.52 (up from US$0.36 in 1Q 2025). Revenue: US$78.1m (up 1.7% from 1Q 2025). Net income: US$6.88m (up 49% from 1Q 2025). Profit margin: 8.8% (up from 6.0% in 1Q 2025). Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Ankündigung • Apr 21
Intrepid Potash, Inc., Annual General Meeting, May 28, 2026 Intrepid Potash, Inc., Annual General Meeting, May 28, 2026. Ankündigung • Apr 14
Intrepid Potash, Inc. to Report Q1, 2026 Results on May 06, 2026 Intrepid Potash, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$48.84, the stock trades at a trailing P/E ratio of 57.3x. Average forward P/E is 17x in the Chemicals industry in the US. Total returns to shareholders of 80% over the past three years. New Risk • Mar 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: US$0.86 (vs US$16.53 loss in FY 2024) Full year 2025 results: EPS: US$0.86 (up from US$16.53 loss in FY 2024). Revenue: US$237.8m (up 16% from FY 2024). Net income: US$11.2m (up US$224.0m from FY 2024). Profit margin: 4.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 05
Price target increased by 8.7% to US$25.00 Up from US$23.00, the current price target is provided by 1 analyst. New target price is 37% below last closing price of US$39.87. Stock is up 51% over the past year. The company posted a net loss per share of US$16.53 last year. Ankündigung • Feb 20
Intrepid Potash, Inc. to Report Q4, 2025 Results on Mar 04, 2026 Intrepid Potash, Inc. announced that they will report Q4, 2025 results After-Market on Mar 04, 2026 Ankündigung • Jan 07
Intrepid, Aquatech, and Adionics Progress in Their Partnership to Develop a Lithium Project in Utah Supporting the Supply of National Critical Minerals Intrepid Potash, Inc., Aquatech International, LLC, and Adionics announced progress on their lithium development project in Wendover, Utah, with the successful completion of test work to produce a battery-grade lithium carbonate from byproduct brine at Intrepid’s Wendover, Utah potash facility. The potential to develop a lithium processing facility in Wendover, Utah has continued to progress as Adionics and Aquatech successfully produced battery-grade lithium carbonate in a demonstration test of Intrepid’s Wendover brine. The testing results achieved a lithium extraction rate of 92.9%, producing an overall lithium chloride purity above 99.5%. The lithium that was produced from Adionics’ facility was further processed by Aquatech to validate the conversion and refining to battery-grade lithium carbonate. In additional testing, Aquatech successfully converted the lithium-rich brine to a =99.5% lithium carbonate product, meeting key specifications for battery manufacturing. With the successful testing results, the parties will continue to move forward under the current Joint Development Agreement with their evaluation of a lithium facility in Wendover. Intrepid, Aquatech and Adionics are working pursuant to a JDA, which establishes a framework for the parties to complete comprehensive feasibility studies and detailed engineering of a 5,000 metric tonne lithium extraction facility with a goal of reaching final investment decision in 2026, advance project design and development of the project, and negotiate definitive agreements to enable construction and operation of the proposed lithium project. The parties anticipate the lithium processing facility will use some of Intrepid’s existing infrastructure in Wendover, Utah, Aquatech’s expertise to design, develop and operate a lithium facility, and Adionics’ DLE technology to convert Intrepid’s post-process brine to lithium carbonate. New Risk • Nov 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.29 (vs US$0.14 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.29 (up from US$0.14 loss in 3Q 2024). Revenue: US$44.0m (down 5.2% from 3Q 2024). Net income: US$3.75m (up US$5.58m from 3Q 2024). Profit margin: 8.5% (up from net loss in 3Q 2024). Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Ankündigung • Oct 17
Intrepid Potash, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Intrepid Potash, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.25 (vs US$0.065 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.25 (up from US$0.065 loss in 2Q 2024). Revenue: US$57.3m (up 15% from 2Q 2024). Net income: US$3.26m (up US$4.10m from 2Q 2024). Profit margin: 5.7% (up from net loss in 2Q 2024). Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jul 28
Insider recently sold US$1.8m worth of stock On the 22nd of July, Robert Jornayvaz sold around 53k shares on-market at roughly US$34.30 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$10.0m more than they bought in the last 12 months. Ankündigung • Jul 17
Intrepid Potash, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Intrepid Potash, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Price Target Changed • May 07
Price target increased by 11% to US$21.00 Up from US$19.00, the current price target is provided by 1 analyst. New target price is 45% below last closing price of US$37.85. Stock is up 80% over the past year. The company posted a net loss per share of US$16.53 last year. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: US$0.36 (vs US$0.24 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.36 (up from US$0.24 loss in 1Q 2024). Revenue: US$76.8m (up 21% from 1Q 2024). Net income: US$4.61m (up US$7.74m from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Ankündigung • May 06
Intrepid Potash, Inc. Reports Consolidated Impairment Charges for the First Quarter Ended March 31, 2025 Intrepid Potash, Inc. reported consolidated impairment charges for the first quarter ended march 31, 2025. For the period, the company reported Impairment of long-lived assets of $662,000 as compared to $1,377,000 a year ago. Ankündigung • Apr 23
Intrepid Potash, Inc. to Report Q1, 2025 Results on May 05, 2025 Intrepid Potash, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Ankündigung • Apr 18
Intrepid Potash, Inc., Annual General Meeting, May 29, 2025 Intrepid Potash, Inc., Annual General Meeting, May 29, 2025. Price Target Changed • Apr 16
Price target decreased by 9.5% to US$19.00 Down from US$21.00, the current price target is provided by 1 analyst. New target price is 35% below last closing price of US$29.39. Stock is up 53% over the past year. The company posted a net loss per share of US$16.53 last year. Reported Earnings • Mar 04
Full year 2024 earnings released: US$16.53 loss per share (vs US$2.80 loss in FY 2023) Full year 2024 results: US$16.53 loss per share (further deteriorated from US$2.80 loss in FY 2023). Revenue: US$204.5m (down 11% from FY 2023). Net loss: US$212.8m (loss widened 497% from FY 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 04
Intrepid Potash, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2024 Intrepid Potash, Inc. reported impairment charges for the fourth quarter ended December 31, 2024. For the period, the company reported Impairment of long-lived assets of $7,626,000 against $42,767,000 a year ago. Ankündigung • Feb 14
Intrepid Potash, Inc. to Report Q4, 2024 Results on Mar 03, 2025 Intrepid Potash, Inc. announced that they will report Q4, 2024 results After-Market on Mar 03, 2025 Price Target Changed • Jan 28
Price target increased by 17% to US$21.00 Up from US$18.00, the current price target is provided by 1 analyst. New target price is 20% below last closing price of US$26.22. Stock is up 34% over the past year. The company posted a net loss per share of US$2.80 last year. Recent Insider Transactions • Jan 23
Insider recently sold US$662k worth of stock On the 21st of January, Robert Jornayvaz sold around 25k shares on-market at roughly US$26.93 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$6.2m. Insiders have been net sellers, collectively disposing of US$6.9m more than they bought in the last 12 months. Ankündigung • Jan 15
Intrepid Potash, Inc. Announces Appointment of Gonzalo Avendano to Board of Directors Intrepid Potash, Inc. announced the appointment of Gonzalo Avendano as a new independent director to Intrepid’s Board of Directors, effective January 14, 2025. Mr. Avendano has over 30 years of experience in leadership of finance and wealth management companies and brings extensive experience in capital markets and business strategy to the Board. This appointment increases the size of the Board from seven to eight directors, seven of whom, including Mr. Avendano, are independent. New Risk • Nov 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Reported Earnings • Nov 05
Third quarter 2024 earnings released: US$0.14 loss per share (vs US$0.56 loss in 3Q 2023) Third quarter 2024 results: US$0.14 loss per share (improved from US$0.56 loss in 3Q 2023). Revenue: US$46.5m (up 6.0% from 3Q 2023). Net loss: US$1.83m (loss narrowed 75% from 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Ankündigung • Oct 23
Intrepid Potash, Inc. to Report Q3, 2024 Results on Nov 04, 2024 Intrepid Potash, Inc. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Buy Or Sell Opportunity • Aug 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to US$21.57. The fair value is estimated to be US$27.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 06
Second quarter 2024 earnings released: US$0.065 loss per share (vs US$0.34 profit in 2Q 2023) Second quarter 2024 results: US$0.065 loss per share (down from US$0.34 profit in 2Q 2023). Revenue: US$50.0m (down 26% from 2Q 2023). Net loss: US$833.0k (down 119% from profit in 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 06
Intrepid Potash, Inc. Reports Consolidated Impairment Charges for the Second Quarter Ended June 30, 2024 Intrepid Potash, Inc. reported consolidated impairment charges for the second quarter ended June 30, 2024. For the period, the company reported Impairment of long-lived assets of $831,000. Price Target Changed • Jul 30
Price target decreased by 11% to US$17.00 Down from US$19.00, the current price target is provided by 1 analyst. New target price is 35% below last closing price of US$26.33. Stock is down 2.9% over the past year. The company posted a net loss per share of US$2.80 last year. Ankündigung • Jul 23
Intrepid Potash, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Intrepid Potash, Inc. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: US$0.24 loss per share (vs US$0.35 profit in 1Q 2023) First quarter 2024 results: US$0.24 loss per share (down from US$0.35 profit in 1Q 2023). Revenue: US$63.4m (down 13% from 1Q 2023). Net loss: US$3.13m (down 170% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • May 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Ankündigung • Apr 26
Intrepid Potash, Inc. to Report Q1, 2024 Results on May 08, 2024 Intrepid Potash, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Ankündigung • Apr 05
Intrepid Potash, Inc., Annual General Meeting, May 16, 2024 Intrepid Potash, Inc., Annual General Meeting, May 16, 2024, at 10:00 US Mountain Standard Time. Agenda: To elect two Class I directors nominated by company's Board of Directors to serve three-year terms expiring at company's 2027 Annual Meeting of Stockholders; to ratify the appointment of KPMG LLP as company's independent registered public accounting firm for 2024; to approve, on an advisory basis, the compensation of company's named executive officers; and to transact any other business that properly comes before the Annual Meeting and any adjournment or postponement of the Annual Meeting. Reported Earnings • Mar 07
Full year 2023 earnings released: US$2.80 loss per share (vs US$5.49 profit in FY 2022) Full year 2023 results: US$2.80 loss per share (down from US$5.49 profit in FY 2022). Revenue: US$230.6m (down 22% from FY 2022). Net loss: US$35.7m (down 149% from profit in FY 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. New Risk • Mar 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Ankündigung • Feb 24
Intrepid Potash, Inc. to Report Q4, 2023 Results on Mar 06, 2024 Intrepid Potash, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 06, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to US$25.33, the stock trades at a trailing P/E ratio of 55.1x. Average forward P/E is 17x in the Chemicals industry in the US. Total returns to shareholders of 61% over the past three years. Price Target Changed • Nov 11
Price target decreased by 9.3% to US$19.50 Down from US$21.50, the current price target is an average from 2 analysts. New target price is 6.7% above last closing price of US$18.28. Stock is down 50% over the past year. The company posted earnings per share of US$5.49 last year. Ankündigung • Nov 10
Intrepid Potash, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023 Intrepid Potash, Inc. reported impairment charges for the third quarter ended September 30, 2023. For the quarter, the company reported impairment of long-lived assets of $521,000. Ankündigung • Nov 01
Intrepid Potash, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Intrepid Potash, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2023 Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.34 (vs US$1.79 in 2Q 2022) Second quarter 2023 results: EPS: US$0.34 (down from US$1.79 in 2Q 2022). Revenue: US$67.7m (down 16% from 2Q 2022). Net income: US$4.31m (down 82% from 2Q 2022). Profit margin: 6.4% (down from 30% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 26
Intrepid Potash, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Intrepid Potash, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Ankündigung • Jul 11
Intrepid Potash, Inc. Announces the Successful Completion of Two Drilling Projects At Its Moab Solar Solution Potash Mine Intrepid Potash, Inc. announced the successful completion of the Well 45 and Well 46 drilling projects at its solar solution potash mine in Moab, Utah. This is the second update on Intrepid's major capital projects included in its 2023 capital program. Both projects will help deliver on key goals of maximizing brine availability and underground brine residence time, which is expected to lead to improved brine grade and higher and more consistent production. Well 45 is a newly designed, single-well cavern system with three interlocking laterals that targets new ore in Potash Bed 9. This single-well cavern is designed to have a long operational life with the laterals completed over approximately 18,000-feet of horizontal drilling. The company has commenced the initial phase of cavern development and brine measurements have shown good availability of high-grade ore. After cavern development, company will switch to injecting salt-saturated brine and begin selective solution mining. Due to the nature of solution mining and the residence time required to selectively mine potash, company expect to see the benefit of Well 45 beginning in the 2024 evaporation season. The total capital cost was approximately $11.5 million, approximately 40% lower compared to previous two-well cavern systems. Well 46 is a horizontal drilling project designed to target a high-grade brine pool ("sump") in the original mine workings in Potash Bed 5, which was previously accessed by a nearly 50-year-old well that was plugged-and-abandoned. Well 46 serves three key purposes: first, contribute to 2023 potash production when harvest begins in the third quarter; second, create medium to longer-term, reliable wellbore access to drill additional laterals to target unmined ore in Potash Bed 5 or access other stranded brine pools; and third, serve as a backup for other injection/extraction wells. The capital cost was approximately $5 million. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$22.20, the stock trades at a trailing P/E ratio of 6x. Average forward P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 68% over the past three years. Recent Insider Transactions Derivative • May 22
Executive Chairman & CEO notifies of intention to sell stock Robert Jornayvaz intends to sell 44k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of May. If the sale is conducted around the recent share price of US$19.69, it would amount to US$863k. For the year to December 2016, Robert's total compensation was 1% salary and 99% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, Robert's direct individual holding has increased from 452.25k shares to 533.54k. Company insiders have collectively sold US$387k more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to US$19.51, the stock trades at a trailing P/E ratio of 5.2x. Average forward P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 112% over the past three years. Price Target Changed • May 06
Price target decreased by 19% to US$25.00 Down from US$31.00, the current price target is an average from 2 analysts. New target price is 20% above last closing price of US$20.92. Stock is down 69% over the past year. The company posted earnings per share of US$5.49 last year. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.35 (vs US$2.39 in 1Q 2022) First quarter 2023 results: EPS: US$0.35 (down from US$2.39 in 1Q 2022). Revenue: US$72.6m (down 21% from 1Q 2022). Net income: US$4.51m (down 86% from 1Q 2022). Profit margin: 6.2% (down from 34% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$26.99, the stock trades at a trailing P/E ratio of 4.5x. Average forward P/E is 14x in the Chemicals industry in the US. Total returns to shareholders of 250% over the past three years. Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: US$5.49 (vs US$19.07 in FY 2021) Full year 2022 results: EPS: US$5.49 (down from US$19.07 in FY 2021). Revenue: US$293.7m (up 32% from FY 2021). Net income: US$72.2m (down 71% from FY 2021). Profit margin: 25% (down from 112% in FY 2021). Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 11
Intrepid Potash, Inc. Announces Retirement of E. Brian Stone as President On February 8, 2023, E. Brian Stone informed Intrepid Potash, Inc. (the “Company”) of his decision to retire from his position as the Company’s President, effective immediately. The Company thanks Mr. Stone for his contributions to the Company and wishes him well in retirement.