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Dec 31, 2020
Intrepid Potash Q4 2020 Earnings Report
Intrepid Potash reported mixed results for Q4 2020, with a net loss but improved cash flow and EBITDA compared to the previous quarters.
Key Takeaways
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.
Intrepid Potash
Intrepid Potash
Intrepid Potash Revenue by Segment
Revenue by Segment
Potash Revenue
CapyFin.comTrio Revenue
CapyFin.comOilfield Solutions Revenue
CapyFin.com 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.
Positive Outlook
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income