Intrepid

Intrepid Announces Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.

Key Points: 
  • Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.
  • Included in the GAAP net loss figures are non-cash impairment charges of $42.8 million in the fourth quarter of 2023 and $43.3 million for the full-year 2023.
  • Adjusted EBITDA(1) of $7.1 million for the fourth quarter, bringing our full-year 2023 adjusted EBITDA to $41.6 million.
  • Intrepid generated fourth quarter and full-year 2023 sales of approximately $56.7 million and $279.1 million, respectively, which compares to fourth quarter and full-year 2022 sales of approximately $66.7 million and $337.6 million, respectively.

Intrepid Announces Date for Fourth Quarter 2023 Earnings Release

Retrieved on: 
Friday, February 23, 2024

Denver, CO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its fourth quarter 2023 financial results on Wednesday, March 6, 2024, after the market closes.

Key Points: 
  • Denver, CO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its fourth quarter 2023 financial results on Wednesday, March 6, 2024, after the market closes.
  • Intrepid will host a conference call on Thursday, March 7, 2024, at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and answer investor questions.
  • Management invites you to listen to the conference call by using the toll-free dial-in number 1 (800) 715-9871 or International dial-in number 1 (646) 307-1963; please use conference ID 1179359.
  • The replay of the call will require the input of the conference ID 1179359.

Intrepid Expands Open Access Network in Colorado

Retrieved on: 
Tuesday, March 5, 2024

Intrepid Fiber Networks is proud to announce the expansion of its open access fiber-to-the-premise (FTTP) network to over 27,000 households and businesses in Westminster, Louisville, and Lafayette, Colorado, ensuring secure and reliable connectivity for the next generation.

Key Points: 
  • Intrepid Fiber Networks is proud to announce the expansion of its open access fiber-to-the-premise (FTTP) network to over 27,000 households and businesses in Westminster, Louisville, and Lafayette, Colorado, ensuring secure and reliable connectivity for the next generation.
  • Building on its success in Pueblo and Northglenn, Colorado, and the greater Minneapolis area, Intrepid Fiber is thrilled to bring symmetrical multi-gigabit Internet access to these municipalities.
  • “Intrepid Fiber’s strategic investment in additional Colorado municipalities, backed by Brookfield Asset Management, represents a significant step in our nationwide fiber initiatives.
  • Our open access network, built on a secure and dependable platform, creates enhanced opportunities for Internet Service Providers, fostering competitive pricing and delivering increased value to residents.

Veteran Technology Investment Bankers Launch Arcadia Capital to Provide Mergers and Acquisitions, Financing and Strategic Advisory Services to Global Ecosystem of Emerging and Established Technology and Software Companies / Investors

Retrieved on: 
Tuesday, February 13, 2024

Accomplished technology investment bankers Mike Parker and Tristan Snyder are announcing the launch of their new firm Arcadia Capital to offer strategic advisory services to emerging and established technology and software companies / investors.

Key Points: 
  • Accomplished technology investment bankers Mike Parker and Tristan Snyder are announcing the launch of their new firm Arcadia Capital to offer strategic advisory services to emerging and established technology and software companies / investors.
  • Arcadia Capital’s suite of services include advising clients on strategic M&A, recapitalization and growth capital raises.
  • The co-founders are leveraging a combined ~40 years of experience working with premiere technology and software businesses on transformational capital markets transactions.
  • Co-CEO and Founder Mike Parker commented, “We are delighted to officially announce the launch of Arcadia Capital.

Six Tours Designed for Natural and Cultural Exploration in Celebration of World Wildlife Day

Retrieved on: 
Thursday, February 8, 2024

NEW YORK, Feb. 8, 2024 /PRNewswire-PRWeb/ -- As World Wildlife Day approaches on March 3, the United States Tour Operators Association (USTOA) emphasizes the importance the travel industry plays in preserving the planet's rich biodiversity. World Wildlife Day serves as a reminder to reflect on the wonders of the natural world and recognize travelers' responsibility in its conservation.

Key Points: 
  • World Wildlife Day serves as a reminder to reflect on the wonders of the natural world and recognize travelers' responsibility in its conservation.
  • World Wildlife Day reinforces the significance of fostering responsible tourism for the well-being of our planet for generations to come," said USTOA President & CEO Terry Dale.
  • To celebrate World Wildlife Day, USTOA has curated tours that promise unforgettable experiences while instilling a deep appreciation for the preservation of ecosystems worldwide.
  • EF Go Ahead Tours' Ecuador & Galapagos Islands Cruise combines wildlife encounters with the natural beauty of the region.

BAE Systems to deliver advanced missile warning systems to U.S. allies

Retrieved on: 
Tuesday, February 6, 2024

HUNTSVILLE, Ala., Feb. 6, 2024 /PRNewswire/ -- BAE Systems (LON: BA) received $114 million in Foreign Military Sales (FMS) contracts from the U.S. Army for AN/AAR-57 Common Missile Warning Systems (CMWS) .

Key Points: 
  • HUNTSVILLE, Ala., Feb. 6, 2024 /PRNewswire/ -- BAE Systems (LON: BA) received $114 million in Foreign Military Sales (FMS) contracts from the U.S. Army for AN/AAR-57 Common Missile Warning Systems (CMWS) .
  • CMWS is a combat-proven aircraft survivability system for rotary-wing and fixed-wing aircraft that integrates missile warning, hostile fire indication, and countermeasure controls.
  • CMWS is compatible with expendable countermeasure dispensers—including BAE Systems' AN/ALE-47 Airborne Countermeasures Dispenser System and Smart D2™ next-generation countermeasure system —as well as laser-based directable infrared countermeasure systems.
  • CMWS is designed and manufactured at BAE Systems' facilities in Nashua, New Hampshire; Austin, Texas; and Huntsville, Alabama.

Intrepid Enters into Third Amendment to Cooperative Development Agreement with XTO

Retrieved on: 
Tuesday, January 9, 2024

Denver, CO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- As previously announced, on December 12, 2023, Intrepid Potash, Inc. ("Intrepid," the "Company," or "our") (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement (the “Amendment”) with XTO Holdings, LLC (“XTO Holdings”) and XTO Delaware Basin, LLC, as successors in interest to BOPCO, L.P. (“XTO Delaware Basin,” and together with XTO Holdings, “XTO”).

Key Points: 
  • Denver, CO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- As previously announced, on December 12, 2023, Intrepid Potash, Inc. ("Intrepid," the "Company," or "our") (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement (the “Amendment”) with XTO Holdings, LLC (“XTO Holdings”) and XTO Delaware Basin, LLC, as successors in interest to BOPCO, L.P. (“XTO Delaware Basin,” and together with XTO Holdings, “XTO”).
  • As consideration under the Amendment, on January 2, 2024, Intrepid received a payment of $45 million from XTO, which was in addition to an initial payment of $5 million received from XTO on December 12, 2023.
  • XTO is also required to pay additional amounts to Intrepid as an “Access Realization Fee,” up to a maximum amount of $100 million, in the event of certain additional drilling activities by XTO.
  • Pursuant to the Amendment, among other things, Intrepid agrees to support and not oppose XTO’s development and operation of XTO’s oil and gas interests within the Designated Potash Area (“DPA”).

Intrepid Engages Pickering Energy Partners as Lithium Advisor

Retrieved on: 
Tuesday, December 12, 2023

Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah.

Key Points: 
  • Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah.
  • Pickering has established itself as a leader and trusted advisor in the energy space and we are excited to partner together and evaluate promising new direct lithium extraction (“DLE”) technologies to recover lithium from our brine and create value for Intrepid and our shareholders."
  • “The opportunity for Intrepid to develop its lithium resource is compelling as its existing potash operation and infrastructure provide a clear path to production in the rapidly growing lithium industry,” said Dan Pickering, Chief Investment Officer of PEP.
  • In addition to potash and salt, our brine resource also contains magnesium, lithium, and other associated minerals.

Healed Warrior Uses His Story to Inspire Others

Retrieved on: 
Wednesday, November 22, 2023

And then they finally were able to release me from the hospital and allow me to start at the Center for the Intrepid.

Key Points: 
  • And then they finally were able to release me from the hospital and allow me to start at the Center for the Intrepid.
  • That's for sure.”
    J.P. and his wife, Crystal, now spend their time traveling and telling his story to inspire others.
  • I am literally a walking example of being able to do so much.”
    “I'm not a wounded warrior.
  • I'm just a warrior, because I'm healed, and I'm even stronger than I used to be.

Blanchard® and Intrepid Win Bronze in Brandon Hall Group's Excellence in Technology Awards

Retrieved on: 
Wednesday, December 13, 2023

SAN DIEGO, Dec. 13, 2023 /PRNewswire/ -- Blanchard ®, a global pioneer in leadership development, consulting, and coaching for more than 40 years, won a coveted Brandon Hall Group award for excellence in the Best Advance in Social Learning Technology category.

Key Points: 
  • SAN DIEGO, Dec. 13, 2023 /PRNewswire/ -- Blanchard ®, a global pioneer in leadership development, consulting, and coaching for more than 40 years, won a coveted Brandon Hall Group award for excellence in the Best Advance in Social Learning Technology category.
  • The SLII® Collaborative Online course that won the Bronze award was created in partnership with Intrepid by VitalSource.
  • SLII® Collaborative Online is a five-week semi-synchronous, social learning experience that engages learners through interactive activities, discussion, exercises, reflection, and offline assignments.
  • Facilitated practice and meaningful conversations with their cohort are guided by their Blanchard leadership expert in weekly live virtual sessions.