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DENVER—Robert P. Jornayvaz III, a significant shareholder of Intrepid Potash, Inc. (NYSE:IPI), recently sold shares of the company’s common stock, according to a recent SEC filing. The transaction, dated May 27, involved the sale of 76 shares at a weighted average price of $37.05 per share, totaling approximately $2,815. The sale comes as the stock trades near its 52-week high of $39.01, having delivered an impressive 71% return year-to-date.
Following this transaction, Jornayvaz holds 56,987 shares directly. Additionally, through Intrepid Production Corporation, where he is the sole shareholder, he maintains indirect ownership of 1,019,804 shares. With a current market capitalization of $459 million, InvestingPro analysis reveals 12 key investment factors for IPI, including detailed insider trading patterns and valuation metrics.
The shares were sold in multiple transactions, with prices ranging from $37.00 to $37.24. The company has stated that full details of these transactions are available upon request. The stock’s recent performance and detailed financial analysis are available in the comprehensive Pro Research Report on InvestingPro.
In other recent news, Intrepid Potash Inc . reported impressive financial results for the first quarter of 2025, surpassing earnings forecasts significantly. The company achieved an earnings per share (EPS) of $0.39, well above the anticipated $0.11, and generated revenue of $97.8 million, exceeding the projected $70.06 million. Intrepid Potash’s performance highlights a robust operational execution, with potash production increasing by 6,000 tons year-over-year. The company’s adjusted EBITDA more than doubled to $16.6 million from the previous year’s $7.7 million, demonstrating a strong turnaround from a net loss in the prior year to an adjusted net income of $4.6 million. The company maintains a debt-free balance sheet, providing financial stability amid fluctuating potash prices. For the second quarter of 2025, Intrepid Potash projects potash sales volumes of 60,000-70,000 tons at $350-$360 per ton and Trio sales of 57,000-67,000 tons at $365-$375 per ton. The company plans to invest $36 million to $42 million in capital expenditures for the year. These developments reflect Intrepid Potash’s focus on operational resilience and core asset revitalization, as emphasized by CEO Kevin Crutchfield.
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