Dec 31, 2021

Intrepid Potash Q4 2021 Earnings Report

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.

Key Takeaways

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.

Total Revenue
$71.8M
Previous year: $48.4M
+48.3%
EPS
$0.6
Previous year: -$0.05
-1300.0%
Adjusted EBITDA
$24.8M
Previous year: $9.68M
+156.3%
Potash production volumes (in tons)
86
Trio production volume (in tons)
53
Gross Profit
$21.8M
Previous year: $5.81M
+275.8%
Cash and Equivalents
$36.5M
Previous year: $19.5M
+86.8%
Free Cash Flow
$19.6M
Previous year: $10.3M
+90.3%
Total Assets
$767M
Previous year: $550M
+39.4%

Intrepid Potash

Intrepid Potash

Intrepid Potash Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income