NYSE$IPI

Intrepid Potash Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Intrepid Potash reported strong potash and Trio® pricing and sales, leading to improvements in net income, gross margin and EBITDA compared to the prior year.

Intrepid Potash, Inc. reported a net income of $2.5 million, or $0.18 per share, for the first quarter of 2021. The company's gross margin increased by $3.5 million, or 62%, compared to the first quarter of 2020. Cash flow from operations was $19.1 million, and adjusted EBITDA was $12.9 million.

  • Net income of $2.5 million, or $0.18 per share
  • Gross margin of $9.1 million, up $3.5 million or 62%, compared to the first quarter of 2020.
  • Cash flow from operations of $19.1 million
  • Adjusted EBITDA of $12.9 million

Headline financials

Total Revenue

$71.5M

Previous: $64M+11.7%
EPS (adj)

$0.18

Previous: -$0.20+190.0%
Adjusted EBITDA

$12.9M

Previous: $8.83M+45.8%
Potash Production

113

Previous: 137-17.5%
Trio Production

56

Previous: 50+12.0%
Capital Expenditures

$2.36M

Previous: $5.71M-58.7%
Free Cash Flow

$19.1M

Previous: $9.06M+110.9%
Net Income

$2.45M

Previous: -$7.4M+133.1%
Operating Income

$2.87M

Previous: -$6.78M+142.3%
Gross Profit

$9.11M

Previous: $5.62M+62.0%
Cash & Equivalents

$36M

Previous: $44.4M-18.9%
Total Assets

$565M

Previous: $598M-5.4%
Stock-Based Comp

$890K

Previous: $1.03M-13.8%

Revenue & EPS history

Intrepid Potash · Revenue · Quarterly

$71.5M

Q1 2021+11.7%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Intrepid Potash · $71.5M total across 3 segments · Q1 2021

  • Potash
    $43.6M+29.0%
  • Trio
    $23.7M+4.9%
  • Oilfield Solutions
    $4.25M-45.1%

Forward guidance

Intrepid expects robust cash flow from operations will continue in the second quarter. Above-average evaporation at our potash facilities during the summer of 2020 will extend our production season into the second quarter and will allow us to meet the continued strong demand for fertilizer. Oilfield activity continues to improve in the Delaware Basin with rig counts and permits steadily increasing throughout the first quarter which we expect will lead to improved oilfield segment results in future periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.8%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.1%

Avg return

30 days after

51%

34 / 67 earnings

Positive

+19.3%

Q3 2018

Best reaction

-69.9%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%+23.7%-7.4%
Q4 2025+10.6%+13.3%+21.5%
Q3 2025-2.3%-4.1%-2.4%
Q2 2025-5.3%-6.8%-8.4%
Q1 2025+17.3%+17.0%+16.4%
Q4 2024-2.0%+8.0%+17.4%
Q3 2024+13.5%+9.1%+6.7%
Q1 2024+15.3%+19.7%+17.9%
Q4 2023+7.1%-4.2%+1.6%
Q3 2023-7.3%-8.5%-2.7%
Q2 2023-7.8%-1.5%+2.1%
Q1 2023-16.6%-21.2%-24.9%
Q4 2022-7.9%-13.5%-19.8%
Q3 2022-24.4%-20.5%-19.8%
Q2 2022-2.4%-3.0%+3.9%
Q1 2022+8.4%-11.4%-19.8%
Q4 2021+4.6%+19.3%+25.4%
Q3 2021-13.2%-8.0%-18.7%
Q2 2021+12.3%+13.2%+1.7%
Q1 2021+10.8%-16.3%-8.4%
Q4 2020+5.3%+3.3%+9.7%
Q3 2020-8.0%-12.2%+37.2%
Q2 2020-5.3%+2.2%+6.9%
Q1 2020-6.4%-7.3%+18.2%
Q4 2019+1.1%-13.6%-57.6%
Q3 2019-14.0%-21.2%-33.0%
Q2 2019-7.3%-8.5%-11.0%
Q1 2019+0.3%-1.4%-7.5%
Q4 2018+2.9%+3.7%+1.6%
Q3 2018+19.3%+20.8%+2.7%
Q2 2018-13.6%-19.6%-18.9%
Q1 2018+13.5%+11.1%+14.7%
Q4 2017-12.9%-6.3%-4.2%
Q3 2017+5.5%+5.0%-2.9%
Q2 2017+15.2%+6.3%+22.8%
Q1 2017+3.4%+18.5%+27.5%
Q4 2016-6.0%-12.4%-21.2%
Q3 2016+6.2%-6.2%+23.0%
Q2 2016+11.4%+6.5%+13.0%
Q1 2016+8.8%
Q4 2015-69.9%
Q3 2015-28.1%
Q2 2015-4.0%
Q1 2015+5.9%
Q4 2014+4.1%
Q3 2014-9.9%
Q2 2014+0.3%
Q1 2014+4.2%
Q4 2013-11.4%
Q3 2013+1.6%
Q2 2013-5.9%
Q1 2013-7.0%
Q4 2012-5.7%
Q3 2012+2.8%
Q2 2012-5.7%
Q1 2012-11.6%
Q4 2011+2.9%
Q3 2011-5.0%
Q1 2010-9.5%
Q2 2011-9.5%
Q1 2011+2.6%
Q4 2008+7.6%
Q3 2009-2.5%
Q3 2010-2.5%
Q2 2010+0.4%
Q2 2009+0.4%
Q4 2009+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro