intrepid potash is the only producer of potash in the united states. we also produce a specialty fertilizer, trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. intrepid serves diverse customers in markets where a logistical advantage exists; and is a leader in the utilization of solar evaporation production, one of the lowest cost, environmentally friendly production methods for potash. our efforts provide the necessary agricultural resources to feed people all around the world. headquartered in denver, colorado, intrepid potash, inc. has two production facilities in utah and three in new mexico. these subsidiaries are named: intrepid potash® - moab, llc, intrepid potash® - wendover, llc and intrepid potash® - new mexico, llc. these companies collectively employ approximately 500 people. intrepid's top priorities are safety and long-term protection of the environment. we know this can work in concert with sustainable, low cost production
Company profile
Ticker
IPI
Exchange
Website
CEO
Robert Jornayvaz
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Intrepid Potash-Moab, LLC • Intrepid Potash-New Mexico, LLC • Intrepid Potash-Wendover, LLC • Moab Gas Pipeline, LLC • Intrepid Aviation LLC • 203 E. Florence, LLC • Intrepid Acquisition Sponsor, LLC • Intrepid Acquisition Corporation ...
IRS number
261501877
IPI stock data
Latest filings (excl ownership)
S-3
Shelf registration
7 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Intrepid Announces Fourth Quarter and Full-Year 2023 Results
6 Mar 24
UPLOAD
Letter from SEC
18 Jan 24
10-K/A
2022 FY
Annual report (amended)
16 Jan 24
8-K
Entry into a Material Definitive Agreement
13 Dec 23
CORRESP
Correspondence with SEC
30 Nov 23
UPLOAD
Letter from SEC
15 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Intrepid Announces Third Quarter 2023 Results
8 Nov 23
Transcripts
IPI
Earnings call transcript
2023 Q4
7 Mar 24
IPI
Earnings call transcript
2023 Q3
9 Nov 23
IPI
Earnings call transcript
2023 Q2
3 Aug 23
IPI
Earnings call transcript
2023 Q1
4 May 23
IPI
Earnings call transcript
2022 Q4
7 Mar 23
IPI
Earnings call transcript
2022 Q3
3 Nov 22
IPI
Earnings call transcript
2022 Q2
5 Aug 22
IPI
Earnings call transcript
2022 Q1
3 May 22
IPI
Earnings call transcript
2021 Q4
8 Mar 22
IPI
Earnings call transcript
2021 Q3
2 Nov 21
Latest ownership filings
4
Robert P Jornayvaz III
25 Mar 24
144
Notice of proposed sale of securities
22 Mar 24
4
Robert P Jornayvaz III
21 Mar 24
144
Notice of proposed sale of securities
21 Mar 24
144
Notice of proposed sale of securities
20 Mar 24
4
Christina Sheehan
19 Mar 24
4
Matthew D Preston
19 Mar 24
4
Robert P Jornayvaz III
19 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
4
Matthew D Preston
12 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.37 mm | 3.37 mm | 3.37 mm | 3.37 mm | 3.37 mm | 3.37 mm |
Cash burn (monthly) | 4.79 mm | 3.87 mm | 3.06 mm | (no burn) | 107.67 k | (no burn) |
Cash used (since last report) | 28.51 mm | 23.02 mm | 18.19 mm | n/a | 640.92 k | n/a |
Cash remaining | -25.14 mm | -19.66 mm | -14.82 mm | n/a | 2.73 mm | n/a |
Runway (months of cash) | -5.2 | -5.1 | -4.9 | n/a | 25.3 | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 100 |
Opened positions | 13 |
Closed positions | 10 |
Increased positions | 30 |
Reduced positions | 30 |
13F shares | Current |
---|---|
Total value | 155.32 bn |
Total shares | 28.00 mm |
Total puts | 155.00 k |
Total calls | 194.40 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Intrepid Production | 18.28 mm | $605.09 mm |
Teton Trust Co LLC as Trustee of Clearway Trust | 1.71 mm | $17.96 mm |
Clearway Capital Management | 1.20 mm | $0.00 |
BLK Blackrock | 758.46 k | $19.08 bn |
Dimensional Fund Advisors | 704.78 k | $17.73 bn |
Harvey Operating & Production | 608.51 k | $41.35 mm |
Vanguard | 552.29 k | $13.90 bn |
Azarias Capital Management | 432.88 k | $10.89 bn |
First Eagle Investment Management | 341.16 k | $8.58 bn |
STT State Street | 224.50 k | $5.65 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Jornayvaz Robert P III | Common Stock | Sell | Dispose S | Yes | No | 18.75 | 15,923 | 298.56 k | 1,474,513 |
21 Mar 24 | Jornayvaz Robert P III | Common Stock | Sell | Dispose S | Yes | No | 19.55 | 16,278 | 318.23 k | 1,490,436 |
20 Mar 24 | Jornayvaz Robert P III | Common Stock | Sell | Dispose S | Yes | No | 19.59 | 12,206 | 239.12 k | 1,506,714 |
19 Mar 24 | Jornayvaz Robert P III | Common Stock | Sell | Dispose S | Yes | No | 19.35 | 5,384 | 104.18 k | 1,518,920 |
17 Mar 24 | Jornayvaz Robert P III | Common Stock | Payment of exercise | Dispose F | No | No | 19.37 | 6,722 | 130.21 k | 508,874 |
17 Mar 24 | Christina Sheehan | Common Stock | Payment of exercise | Dispose F | No | No | 19.37 | 517 | 10.01 k | 24,101 |
17 Mar 24 | Preston Matthew D | Common Stock | Payment of exercise | Dispose F | No | No | 19.37 | 1,590 | 30.80 k | 43,811 |
15 Mar 24 | Christina Sheehan | Common Stock | Grant | Acquire A | No | No | 0 | 16,169 | 0.00 | 24,618 |
15 Mar 24 | Preston Matthew D | Common Stock | Grant | Acquire A | No | No | 0 | 21,560 | 0.00 | 45,401 |