Intrepid Potash(IPI)
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Intrepid Potash (IPI) Upgraded to Buy: Here's Why
ZACKS· 2024-07-25 01:00
Intrepid Potash (IPI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ...
Intrepid Potash(IPI) - 2024 Q2 - Quarterly Results
2024-07-11 04:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 9, 2024 (Date of earliest event reported) Intrepid Potash, Inc. (Exact name of registrant as specified in its charter) Delaware 001-34025 26-1501877 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 707 17th Street, Suite 4200 Denver, Colorado 80202 (Address of pri ...
Intrepid Potash (IPI) Q1 Earnings Lag, Sales Beat Estimates
Intrepid Potash, Inc. (IPI) recorded a loss of 24 cents per share in first-quarter 2024. The company had reported earnings of 35 cents per share in the year-ago quarter. Barring one-time items, the adjusted loss in the reported quarter was 14 cents per share. The Zacks Consensus Estimate was earnings of 4 cents. The company registered revenues of $79.3 million for the quarter, down around 9% year over year. Revenues beat the Zacks Consensus Estimate of $62.9 million. Segment Highlights Revenues in the Potas ...
Intrepid Potash(IPI) - 2024 Q1 - Earnings Call Transcript
2024-05-10 05:31
财务数据和关键指标变化 - 公司Q1调整后EBITDA为770万美元,环比有所改善但同比下降至1640万美元 [9] - 钾肥销量74,000吨,平均净实现销售价格395美元/吨;Trio销量91,000吨,平均价格300美元/吨 [9] - 钾肥毛利润560万美元,同比下降至1440万美元,主要受价格下降和单位成本上升影响 [12] - Trio毛亏损收窄至110万美元,同比下降至150万美元,主要受价格下降影响 [14] - 油田解决方案分部毛利润200万美元,同比增加150万美元,得益于水和盐卤销量增加及成本管控 [18] 各条业务线数据和关键指标变化 - 钾肥需求旺盛,销量和价格均达到指导区间上限 [9] - Trio销量超出预期,得益于国内硫酸盐市场供应紧张 [14] - 新连续采矿机提高了Trio的运营效率,使公司能够减少合同工并降低成本 [15] 各个市场数据和关键指标变化 - 全球钾肥需求恢复到长期年增长趋势,市场更加平衡 [11] - 东南亚等关键国际市场钾肥施用率回升,棕榈油、大米、可可和咖啡等国际作物价格持续高于历史平均水平 [11] 公司战略和发展方向及行业竞争 - 提高单位经济效益是公司的优先事项,提高产量以降低单位成本 [13] - 公司正在执行一项两年计划,以将钾肥产量恢复到历史水平 [51][52] - 公司正在与潜在合作伙伴就砂子和锂项目的各种交易结构进行合作,但将限制自身资本投入 [26] 管理层对经营环境和未来前景的评论 - 农民仍然保持产量最大化的做法,即使主要农产品价格接近历史平均水平 [10] - 钾肥价格在过去几个月保持相对稳定,得益于全球需求恢复和市场更加平衡 [11] - 公司有信心在2025年生产年度大幅提高产量,并预计2024年全年现金生产成本将下降12%-15% [17][27][28] - 公司的无债务资产负债表和良好的流动性使其处于有利地位,能够应对利率上升和通胀的挑战 [29] 问答环节重要的提问和回答 问题1 **Lucas Beaumont 提问** 询问公司2024年下半年的钾肥产量预期 [32][33][34][35][36] **Matt Preston 回答** 公司预计2024年钾肥产量将比2023年增加15%左右,下半年产量有望大幅提升 [34][36] 问题2 **Joel Jackson 提问** 询问公司Trio业务的强劲表现 [41][42][43][44][45][46][47] **Matt Preston 和 Zachry Adams 回答** Trio业务在第一季度创下公司历史新高,得益于客户库存偏低以及提前的施肥需求 [42][43] 公司2024年和2025年钾肥产量预计分别增加15%和15%-20% [46] 问题3 **Jason Ursaner 提问** 询问公司在执行产能提升计划方面的进展和挑战 [50][51][52][53][54][55][56][57] **Matt Preston 回答** 公司已经完成了一些关键项目,但仍需继续执行计划,控制成本并提高产量,以实现单位成本的下降 [51][52][53][54][55][57] 公司未来一年的重点是继续执行既定战略,将钾肥产量恢复到历史水平 [57]
Intrepid Potash(IPI) - 2024 Q1 - Quarterly Report
2024-05-10 01:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number ...
Intrepid Potash (IPI) Reports Q1 Loss, Tops Revenue Estimates
Intrepid Potash (IPI) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -450%. A quarter ago, it was expected that this potash and fertilizer producer would post a loss of $0.21 per share when it actually produced a loss of $0.41, delivering a surprise of -95.24%. Over the last four quarters, the co ...
Intrepid Potash(IPI) - 2024 Q1 - Quarterly Results
2024-05-09 04:37
Intrepid Announces First Quarter 2024 Results Denver, CO, May 8, 2024 - Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", "our") (NYSE:IPI) today reported its results for the first quarter of 2024. Key Highlights for First Quarter 2024 Financial & Operational • Total sales of $79.3 million, which compares to $86.9 million in the first quarter of 2023. • Net loss of $3.1 million (or $0.24 per diluted share), which compares to net income of $4.5 million (or $0.35 per diluted share) in the first qu ...
Intrepid Announces Date for First Quarter 2024 Earnings Release
Newsfilter· 2024-04-25 04:30
Denver, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) plans to release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. Intrepid will host a conference call on Thursday, May 9, 2024, 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 toll-free dial-in number 1 (800) 715-9871 or International dial-in ...
Intrepid Announces Date for First Quarter 2024 Earnings Release
GlobeNewsWire· 2024-04-25 04:30
Denver, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. Intrepid will host a conference call on Thursday, May 9, 2024, 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 toll-free dial-in number 1 (800) 715-9871 or International dial-in ...
Intrepid Announces Medical Leave of Absence for Bob Jornayvaz; Intrepid Co-founder Hugh Harvey rejoins Board of Directors
Newsfilter· 2024-04-18 05:31
公司人事变动 - Intrepid Potash, Inc.宣布执行主席兼首席执行官Bob Jornayvaz因受伤休假[1] - Intrepid的首席财务官Matt Preston被任命为代理首席执行官[2] - Intrepid的联合创始人Hugh Harvey被任命为董事会成员[2] - Matt Preston和Hugh Harvey的任命将为Intrepid提供必要的稳定性和连续性[3] 公司概况 - Intrepid是一家多元化矿产公司,提供对农业、动物饲料和石油天然气行业成功至关重要的钾、镁、硫、盐和水产品[5]