NYSE$IPI

Intrepid Potash Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Intrepid Potash reported mixed results for Q4 2020, with a net loss but improved cash flow and EBITDA compared to the previous quarters.

Intrepid Potash, Inc. reported a net loss of $0.7 million, or $(0.05) per share, for Q4 2020, which contributed to a full-year net loss of $27.2 million. However, the company saw a $9.5 million improvement in the bottom line compared to Q3 2020, with positive momentum across all segments. Adjusted EBITDA was $9.7 million for the quarter, and cash flow from operations reached $12.7 million.

  • $9.5 million improvement in the bottom line compared to the third quarter of 2020.
  • Net loss of $0.7 million, or $(0.05) per share in Q4 2020.
  • Adjusted EBITDA of $9.7 million for the fourth quarter of 2020.
  • Cash flow from operations of $12.7 million for the fourth quarter of 2020.

Headline financials

Total Revenue

$48.4M

Previous: $48.8M-0.8%
EPS (adj)

-$0.05

Previous: $0.20-125.0%
Adjusted EBITDA

$9.68M

No prior period
Capital Expenditures

$2.36M

Previous: $3.89M-39.4%
Free Cash Flow

$10.3M

Previous: $7.88M+30.8%
Net Income

-$711K

Previous: $2.08M-134.1%
Operating Income

-$507K

Previous: $2.9M-117.5%
Gross Profit

$5.81M

Previous: $10.2M-42.9%
Cash & Equivalents

$19.5M

Previous: $20.6M-5.3%
Total Assets

$550M

Previous: $578M-4.9%
Stock-Based Comp

$840K

Previous: $1.04M-19.5%

Revenue & EPS history

Intrepid Potash · Revenue · Quarterly

$48.4M

Q4 2020-0.8%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Intrepid Potash · $48.5M total across 3 segments · Q4 2020

  • Potash
    $27.6M+7.8%
  • Trio
    $15.6M-0.7%
  • Oilfield Solutions
    $5.39M-35.2%

Forward guidance

Intrepid expects continued improvement in oilfield activity in 2021 and is committed to growing its oil and gas midstream business in the Delaware Basin.

Tailwinds

  • Strong farmer economics will allow Intrepid to fully take advantage of higher potash and Trio® prices.
  • Favorable weather and very strong commodity pricing will continue to support fertilizer markets through the spring season.
  • Expanding solar evaporation footprint to further increase commitment to provide creative ES&G solutions and services to oilfield operators.
  • Expect continued improvement in oilfield activity in 2021.
  • Expansion into full-cycle water management will be key in achieving the environmental and sustainability goals of both oilfield operators and the New Mexico legislature.

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 Q4 2020

Historical avgQ4 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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