Intrepid Potash Inc (N:IPI)
Business Focus: Agricultural Chemicals
| Sector: Basic Materials | Industry: Agricultural Chemicals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 707 17TH STREET, SUITE 4200 DENVER CO 80202 |
| Tel: | N/A |
| Website: | https://www.intrepidpotash.com |
| IR: | See website |
| Key People | ||
| Matthew D. Preston Acting Principal Executive Officer, Chief Financial Officer | Cris Ingold Chief Accounting Officer | Christina C. Sheehan General Counsel, Corporate Secretary |
| Business Overview |
| Intrepid Potash, Inc. is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products for customers in agriculture, animal feed and the oil and gas industry. Its segments include potash, Trio, and oilfield solutions. Its three primary products are potash, Trio, and water. It also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes. It sells potash into three primary markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. Trio is its specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. It sells water primarily for industrial uses in the oil and gas services industry. Its other oilfield related offerings include caliche, right-of-way agreements, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Intrepid Potash Inc revenues decreased 17% to $279.1M. Net loss totaled $35.7M vs. income of $72.2M. Revenues reflect Potash segment decrease of 19% to $155.9M, Trio segment decrease of 13% to $102.2M. Net loss reflects Equity Earnings -Before Taxes decrease from $689K (income) to $486K (expense), Selling and administrative increase of 2% to $32.4M (expense). |
| Employees: | 485 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $260.06M as of Dec 31, 2023 |
| Annual revenue (TTM): | $279.08M as of Dec 31, 2023 |
| EBITDA (TTM): | $39.53M as of Dec 31, 2023 |
| Net annual income (TTM): | -$35.67M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$21.83M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 13,259,771 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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