NYSE$IPI

Intrepid Potash Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported a net loss of $10.2 million and adjusted EBITDA of $1.5 million, with water sales up 42% from the previous quarter.

Intrepid Potash reported a net loss of $10.2 million, or $0.78 per share, for Q3 2020. Adjusted EBITDA was $1.5 million. Water sales increased by 42% compared to the second quarter of 2020. The company anticipates continued improvements in demand and expects solid cash flow during the spring season due to favorable potash pond levels and recent price increases.

  • Net loss of $10.2 million, or $0.78 per share
  • Adjusted EBITDA of $1.5 million
  • Water sales of $3.6 million, up 42% from the second quarter of 2020
  • Potash and Trio pricing has increased $30 per ton and $25 per ton, respectively, from summer-fill price levels.

Headline financials

Total Revenue

$38.1M

Previous: $51.2M-25.6%
EPS (adj)

-$0.78

Previous: -$0.02-4542.9%
Adjusted EBITDA

$1.54M

No prior period
Capital Expenditures

$3.44M

No prior period
Free Cash Flow

-$8.5M

No prior period
Net Income

-$10.2M

No prior period
Operating Income

-$7.75M

No prior period
Gross Profit

-$308K

No prior period
Cash & Equivalents

$9.26M

No prior period
Total Assets

$547M

No prior period
Stock-Based Comp

$986K

No prior period

Revenue & EPS history

Intrepid Potash · Revenue · Quarterly

$38.1M

Q3 2020-25.6%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Intrepid Potash · $38.1M total across 3 segments · Q3 2020

  • Potash
    $22.2M
  • Trio
    $12.9M
  • Oilfield Solutions
    $3.05M

Forward guidance

The COVID-19 pandemic is expected to continue to have a material effect on revenue growth and overall profitability, particularly for the oilfield solutions segment, in future reporting periods. Heading into the fourth quarter there are still significant opportunities available in the Delaware Basin and the company is actively pursuing numerous options to expand its water and oilfield solutions business.

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 Q3 2020

Historical avgQ3 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%

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