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Intrepid Potash Inc (IPI)
NYSE:IPI
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: 21.86%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
Intrepid Potash, Inc. reported a positive fourth quarter and fiscal year 2024 with significant improvements in production, unit economics, and cost reductions. The Trio segment was a standout performer, with record sales and pricing surpassing potash. However, the company faces challenges with a flat production outlook for 2025 and a valuation allowance against deferred tax assets. Overall, the positive achievements outweigh the lowlights.Company Guidance
During the Intrepid Potash, Inc. Fourth Quarter 2024 Results Conference Call, the company reported an adjusted EBITDA of $8.6 million and an adjusted net loss of $1.4 million, showing improvement over the prior year's adjusted EBITDA of $7.1 million and adjusted net loss of $5.2 million. The enhancements were attributed to increased production and strong operational execution, leading to better unit economics. Potash production reached 117,000 tons in the fourth quarter, marking a year-over-year increase for the third consecutive quarter, with a total annual production of 295,000 tons, a 30% increase compared to 2023. The Trio segment also saw record sales volumes of 254,000 tons, with prices surpassing potash for the first time since 2016. The company anticipates 2025 potash production to remain flat year-over-year and projects first-quarter sales volumes of 95,000 to 105,000 tons for potash and 100,000 to 110,000 tons for Trio, with respective sales prices of $305 to $315 and $340 to $350 per ton. Additionally, Intrepid expects capital expenditures between $36 million and $42 million for 2025, with a focus on sustaining capital investments.Increased Production and Improved Unit Economics
Intrepid achieved a 30% increase in potash production in 2024 compared to 2023, with production reaching 295,000 tons, the highest since 2020. The company improved its EBITDA by maintaining a focus on core assets, resulting in a second-half adjusted EBITDA of $18.5 million, roughly double the prior year's figure.
Trio Segment Success
The Trio segment saw record sales volumes of 254,000 tons and improved margins due to operational efficiencies. Trio pricing surpassed potash pricing for the first time since 2016, contributing significantly to the company's financial performance.
Operational Cost Reductions
Intrepid lowered its direct cash production cost by approximately $11.5 million, exceeding the goal of $8 to $10 million in cost reduction for 2024. Trio production increased by 16% compared to the prior year, and COGS per ton improved by 20%.
Positive Oilfield Solutions Contribution
The Oilfield Solutions segment showed modest improvements in sales and margins compared to 2023, benefiting from strong oilfield activity and investment in the Permian Basin.
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IPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $24.61 | $24.13 | -1.95% |
| Nov 04, 2024 | $26.72 | $28.79 | +7.75% |
| Aug 05, 2024 | $22.08 | $23.25 | +5.30% |
| May 08, 2024 | $21.07 | $24.59 | +16.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intrepid Potash Inc (IPI) report earnings?
Intrepid Potash Inc (IPI) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Intrepid Potash Inc (IPI) earnings time?
Intrepid Potash Inc (IPI) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IPI EPS forecast?
IPI EPS forecast for the fiscal quarter 2025 (Q1) is >-0.01.
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