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DENVER—Robert P. Jornayvaz III, a significant shareholder in Intrepid Potash, Inc. (NYSE:IPI), recently sold a substantial portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Jornayvaz disposed of 59,701 shares of Intrepid Potash common stock on May 6, 2025. The shares were sold at an average price of $37.66, generating a total of approximately $2.25 million. The timing is notable as the stock trades near its 52-week high of $38.87, having gained over 79% in the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
Jornayvaz, who is the sole shareholder of Intrepid Production Corporation, now holds 1,044,162 shares indirectly through this entity. The shares were sold in multiple transactions, with prices ranging from $36.66 to $38.76. The sale has reduced his direct ownership to 56,987 shares. The company, currently valued at $473 million, maintains a strong financial position with a "GOOD" Financial Health Score according to InvestingPro.
This transaction highlights ongoing activity by significant shareholders in the company, which is known for its production of potash and other minerals. Get deeper insights into IPI’s valuation and 14 additional ProTips with an InvestingPro subscription, including exclusive access to comprehensive Pro Research Reports covering 1,400+ stocks.
In other recent news, Intrepid Potash Inc . reported impressive financial results for the first quarter of 2025, surpassing market expectations. The company announced an earnings per share (EPS) of $0.39, significantly higher than the projected $0.11, and achieved revenue of $97.8 million, well above the anticipated $70.06 million. This strong performance was accompanied by an increase in potash production by 6,000 tons year-over-year, reflecting the company’s operational efficiency. Intrepid Potash also noted an adjusted EBITDA of $16.6 million, more than doubling from the previous year’s $7.7 million, and an adjusted net income of $4.6 million, a notable improvement from a net loss of $3.1 million in the prior year. The company maintains a debt-free balance sheet, providing it with financial stability. Looking ahead, Intrepid Potash projects potash sales volumes of 60,000-70,000 tons at $350-$360 per ton for the second quarter of 2025. The company plans capital expenditures of $36 million to $42 million for the year, with an anticipated 5-10% improvement in Trio unit economics in the latter half of 2025. The strong results have been positively received by the market, reflecting investor optimism.
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