NYSE$IPI

Intrepid Potash Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported results affected by COVID-19 pandemic, particularly in oilfield activity and water sales.

Intrepid Potash reported a net loss of $8.9 million, or $0.07 per share, for Q2 2020. The results were impacted by the COVID-19 pandemic, which led to decreased oilfield activity and water sales. The company repaid the remaining $15 million of outstanding principal on its Series C Senior Notes and had $14 million in cash on hand.

  • Cash flow from operations of $8.8 million
  • Net loss of $8.9 million, or $0.07 per share
  • Adjusted net loss of $8.6 million, or $0.07 per share
  • Adjusted EBITDA of $0.6 million

Headline financials

Total Revenue

$46.5M

Previous: $62.5M-25.7%
EPS (adj)

-$0.70

Previous: $0.40-275.0%
Adjusted EBITDA

$555K

Previous: $14.9M-96.3%
Potash Production

4.0K

Previous: 56.0K-92.9%
Trio Production

50.0K

Previous: 66.0K-24.2%
Capital Expenditures

$4.94M

Previous: $51.6M-90.4%
Free Cash Flow

$3.84M

Previous: -$27.9M+113.7%
Net Income

-$8.87M

Previous: $5.61M-258.1%
Operating Income

-$8.21M

Previous: $6.42M-227.9%
Gross Profit

-$599K

Previous: $13.2M-104.5%
Cash & Equivalents

$34.6M

Previous: $15.5M+122.8%
Total Assets

$568M

Previous: $568M+0.0%
Stock-Based Comp

$963K

Previous: $1.23M-21.8%

Revenue & EPS history

Intrepid Potash · Revenue · Quarterly

$46.5M

Q2 2020-25.7%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Intrepid Potash · $46.5M total across 3 segments · Q2 2020

  • Potash
    $24.5M
  • Trio
    $19.3M
  • Oilfield Solutions
    $2.75M

Forward guidance

The company expects the economic disruptions caused by the COVID-19 pandemic will continue to have a material effect on revenue growth and overall profitability, particularly for its oilfield solutions segment, in future reporting 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 Q2 2020

Historical avgQ2 2020

-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