Core Insights - The article expresses personal opinions and does not provide financial advice [2][3] Group 1 - The author has no stock or derivative positions in any mentioned companies and no plans to initiate such positions in the near future [1] - The article reflects the author's individual views as an investor and is not compensated for it, aside from Seeking Alpha [2] - There is a disclaimer that past performance does not guarantee future results, and no recommendations are made regarding investment suitability [3]

Blue Owl Capital Inc. (OWL) is in discussions to buy IPI Partners, a firm that invests in data centers and other digital infrastructure, for approximately $1 billion. This was reported by Bloomberg, citing people with knowledge of the matter. IPI Partners, which is led by managing partner Matt A'Hearn, is a joint venture of Iconiq Capital and Iron Point Partners. The deal could be announced later this month if an agreement is established between the entities, stated one of the people. Reasons Behind OWL's A ...

Intrepid Potash, Inc. (NYSE:IPI) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET Company Participants Evan Mapes - IR Matt Preston - CFO and Acting Principal Executive Officer Zachry Adams - VP, Sales and Marketing Conference Call Participants Lucas Beaumont - UBS Jason Ursaner - Bumbershoot Holdings Operator Thank you for standing by. This is the conference operator, and welcome to the Intrepid Potash, Inc. Second Quarter 2024 Results Conference Call. As a reminder, all participants are in a li ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number: ...

Intrepid Announces Second Quarter 2024 Results Denver, CO, August 5, 2024 - Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", or "our") (NYSE:IPI) today reported its results for the second quarter of 2024. Key Highlights for Second Quarter 2024 Financial & Operational • Total sales of $62.1 million, which compares to $81.0 million in the second quarter of 2023. • Net loss of $0.8 million (or $0.06 per diluted share), which compares to net income of $4.3 million (or $0.33 per diluted share) in th ...

Core Viewpoint - Intrepid Potash (IPI) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook for the company's earnings estimates, which significantly influence stock prices [1][9]. Earnings Estimates and Stock Price Impact - The Zacks rating system is effective for individual investors as it reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][4]. - Analysts have raised their earnings estimates for Intrepid Potash, with the Zacks Consensus Estimate increasing by 357.1% over the past three months [12]. Zacks Rank System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [5]. - Intrepid Potash's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term [14]. Future Earnings Projections - For the fiscal year ending December 2024, Intrepid Potash is expected to earn $0.18 per share, reflecting a 172% increase from the previous year's reported number [6].

Intrepid Potash, Inc. (IPI) recorded a loss of 24 cents per share in first-quarter 2024. The company had reported earnings of 35 cents per share in the year-ago quarter.Barring one-time items, the adjusted loss in the reported quarter was 14 cents per share. The Zacks Consensus Estimate was earnings of 4 cents.The company registered revenues of $79.3 million for the quarter, down around 9% year over year. Revenues beat the Zacks Consensus Estimate of $62.9 million.Segment HighlightsRevenues in the Potash se ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2024 totaled $7.7 million, a modest improvement sequentially but down from $16.4 million in the prior year period [44] - Potash gross margin totaled $5.6 million, compared to $14.4 million in the prior year period, driven by lower pricing and elevated unit costs due to reduced production [52] - Cash production costs for the full year 2024 are expected to decrease by approximately $8 million to $10 million, or 12% to 15% compared to 2023 [16] Business Line Data and Key Metrics Changes - Potash sales volumes were 74,000 tons at an average net realized sales price of $395 per ton in Q1 2024 [44] - Trio volumes totaled 91,000 tons at an average price of $300 per ton, with strong demand leading to a price increase of $25 per ton in Q1 [14][15] - The gross deficit for Trio narrowed sequentially to $1.1 million, down from a gross margin of $1.5 million in the prior year period [14] Market Data and Key Metrics Changes - The global potash market is described as balanced and stable, with seasonal price movements expected as buyers manage inventory [22] - Key international markets like Southeast Asia are returning to higher potash application rates, supporting stable pricing [45] - US farmers are focused on yield maximization, which is expected to positively impact demand in the second half of the year [51] Company Strategy and Development Direction - The company is focused on improving unit economics by spreading fixed costs across higher production levels [13] - A two-year plan is in place to return production rates to historical levels, with significant progress noted in capital projects [12] - The company aims to capitalize on its potash assets' long reserve lives and improve its cost structure [35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about production rates for 2024, expecting a 10% to 15% increase compared to 2023 [57] - The company is confident in its ability to manage costs and execute projects effectively, despite variability in evaporation seasons [11] - The management highlighted the importance of continued execution of the strategy to achieve production goals [54] Other Important Information - The company has approximately $47 million in cash on the balance sheet and no long-term debt, positioning it well amid higher interest rates and inflation [34] - The CEO is currently on a temporary medical leave, with updates on his recovery expected [50] Q&A Session Summary Question: Expectations for potash production in the second quarter - Management indicated that Q2 volumes typically decrease due to the summer evaporation season, but they remain on track for a 10% to 15% increase in production for 2024 compared to 2023 [18] Question: Pricing expectations and market dynamics - Management noted that potash pricing has remained stable, driven by global demand and returning application rates in key markets [45] Question: Challenges and hurdles in potash production - Management acknowledged the need to control costs and execute ongoing projects, emphasizing that while progress has been made, there is still work to be done [11]

(Registrant's telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act Table of Contents | | | Name of each exchange on which | | --- | --- | --- | | Title of each class | Trading symbol | registered | | Common Stock, par value $0.001 per | | | | share | IPI | New York Stock Exchange | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ ...

Intrepid Potash (IPI) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -450%. A quarter ago, it was expected that this potash and fertilizer producer would post a loss of $0.21 per share when it actually produced a loss of $0.41, delivering a surprise of -95.24%.Over the last four quarters, the comp ...