Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Intrepid Potash Inc (IPI)
NYSE:IPI
Holding IPI?
Track your performance easily
Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.05Last Year’s EPS
-$0.41Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -16.02%
|Next Earnings Date:Mar 10, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in adjusted EBITDA, potash production, cost efficiency, and margin increases in multiple segments. However, challenges such as a flat production outlook for 2025, global market uncertainties, and inflationary pressures on farmers present concerns. The positive aspects slightly outweigh the negative, indicating a cautiously optimistic outlook.Company Guidance
During Intrepid Potash's third-quarter 2024 earnings call, the company provided guidance on several key metrics. The adjusted EBITDA reached $10 million, marking a $7.8 million improvement from the previous year. Potash production was robust, totaling 178,000 tons for the first nine months, leading to a forecast of 280,000 to 290,000 tons for the full year 2024. The cost of goods sold per ton in the potash segment improved by 14% year-over-year. Trio segment sales volumes were 45,000 tons at a net realized price of $312 per ton, with costs down to $272 per ton, and oilfield solutions margins increased to $3.1 million. Looking ahead, fourth-quarter potash sales volumes are expected to be between 45,000 to 55,000 tons at $340 to $350 per ton, while Trio sales volumes are projected at 40,000 to 50,000 tons at $315 to $325 per ton. The company also highlighted ongoing efforts in their lithium project and reaffirmed its strong position with no long-term debt and good liquidity.Adjusted EBITDA Improvement
Adjusted EBITDA totaled $10 million, marking a $7.8 million improvement compared to the third quarter of last year.
Potash Production Increase
Potash production totaled 178,000 tons for the first 9 months of the year, expecting full year production to be between 280,000 to 290,000 tons, a significant improvement from previous expectations.
Cost Efficiency in Potash Segment
Potash segment cost of goods sold per ton improved by 14% compared to the prior year.
Trio Segment Performance
Trio sales volumes totaled 45,000 tons at a net realized sales price of $312 per ton, with cost of goods sold totaling $272 per ton, down from $341 per ton in the prior year period.
Oilfield Solutions Margin Increase
Oilfield Solutions segment margin increased to $3.1 million, more than double the prior year.
---
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
---
IPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 06, 2024 | $21.40 | $22.65 | +5.84% |
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.
---
FAQ
When does Intrepid Potash Inc (IPI) report earnings?
Intrepid Potash Inc (IPI) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is Intrepid Potash Inc (IPI) earnings time?
Intrepid Potash Inc (IPI) earnings time is at Mar 10, 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 2024 (Q4) is -$0.05.
---