NYSE$IPI

Intrepid Potash Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported solid cash flow and a significant increase in EBITDA compared to the prior period, driven by a strong commodity environment and rising fertilizer prices.

Intrepid Potash reported a net income of $223.9 million for the fourth quarter of 2021, which includes a $215.9 million release of valuation allowance for deferred tax assets. Adjusted EBITDA for the quarter was $24.8 million. The company highlighted strong commodity environment and rising fertilizer prices as key drivers.

  • Net income of $223.9 million in the fourth quarter, including the release of $215.9 million of valuation allowance for deferred tax assets
  • Adjusted net income of $8.0 million in the fourth quarter.
  • Adjusted EBITDA of $24.8 million for the fourth quarter.
  • Cash flow from operations of $19.6 million in the fourth quarter.

Headline financials

Total Revenue

$71.8M

Previous: $48.4M+48.3%
EPS (adj)

$0.60

Previous: -$0.05+1300.0%
Adjusted EBITDA

$24.8M

Previous: $9.68M+156.3%
Potash Production

86

No prior period
Trio Production

53

No prior period
Capital Expenditures

$7.35M

Previous: $2.36M+212.1%
Free Cash Flow

$19.6M

Previous: $10.3M+90.3%
Net Income

$224M

Previous: -$711K+31590.9%
Operating Income

$15M

Previous: -$507K+3063.9%
Gross Profit

$21.8M

Previous: $5.81M+275.8%
Cash & Equivalents

$36.5M

Previous: $19.5M+86.8%
Total Assets

$767M

Previous: $550M+39.4%
Stock-Based Comp

$723K

Previous: $840K-13.9%

Revenue & EPS history

Intrepid Potash · Revenue · Quarterly

$71.8M

Q4 2021+48.3%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Intrepid Potash · $71.9M total across 3 segments · Q4 2021

  • Potash
    $38.8M+40.8%
  • Trio
    $24.6M+58.1%
  • Oilfield Solutions
    $8.48M+57.3%

Forward guidance

Pricing and demand strength have continued into the first quarter of 2022 and the fertilizer and agriculture market outlook remains very strong and Intrepid is poised to drive significant increases in bottom line-results in 2022.

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 2021

Historical avgQ4 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