Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2020 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 or INTREPID POTASH, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 26-1501877 (State or other jurisdiction of incorporation or organization) 1001 17th Street, Suite 1050, Denver, Colorado 80202 (Address of principal executive offices) (Zip Code) (303) 296-300 ...

Intrepid Potash, Inc. (NYSE:IPI) Q4 2019 Earnings Conference Call March 3, 2020 10:00 AM ET Company Participants John Richardson - IR Robert Jornayvaz - Executive Chairman, President and CEO Matthew Preston - VP of Finance Brian Stone - COO Mark McDonald - VP of Sales and Marketing Conference Call Participants Jeremy Roseburg - Morgan Stanley Mark Connelly - Stephens Inc John Roberts - UBS DeForest Hinman - Walthausen & Co Jason Ursaner - Bumbershoot Holding Holdings Operator Welcome to the Intrepid Potash ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2019 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 Nu ...

Intrepid Potash, Inc. (NYSE:IPI) Q3 2019 Earnings Conference Call November 5, 2019 10:00 AM ET Company Participants Matthew Preston - IR Officer Robert Jornayvaz - Executive Chairman, President & CEO Joseph Montoya - VP, Principal Financial Officer, Principal Accounting Officer & CAO Mark McDonald - VP, Sales & Marketing Conference Call Participants Bria Murphy - BMO Capital Markets Joan Tong - Stephens Inc. Joshua Spector - UBS Investment Bank Jason Ursaner - CJS Securities Operator Welcome to the Intrepid ...

Intrepid Potash, Inc. (NYSE:IPI) Q2 2019 Earnings Conference Call August 6, 2019 10:00 AM ET Company Participants Matt Preston – Investor Relations Bob Jornayvaz – Co-Founder, Executive Chairman, President and CEO Joseph Montoya – Vice President and Chief Accounting Officer Mark McDonald – Vice President-Sales and Marketing Alex Wagner – Vice President-Business Development Conference Call Participants Joan Tong – Stephens Inc. Robin Fiedler – BMO Capital Markets Jeremy Rosenberg – Morgan Stanley Josh Specto ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2019 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 Potash, Inc. (NYSE:IPI) Q1 2019 Earnings Conference Call May 7, 2019 10:00 AM ET Company Participants Matt Preston – Investor Relations Bob Jornayvaz – Co-founder, Executive Chairman, President and Chief Executive Officer Joseph Montoya – Vice President and Chief Accounting Officer Mark McDonald – Vice President of Sales and Marketing Hugh Harvey – Executive Vice Chairman of the Board Conference Call Participants Mark Connelly – Stephens Inc. Josh Spector – UBS Joel Jackson – BMO Capital Markets Vi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2019 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 ...

Financial Data and Key Metrics Changes - Net income improved by $9.3 million to $7.6 million in Q4 2018 and by $34.4 million to $11.8 million for the full year compared to the previous year [9][30] - Operating cash flow increased by $47.5 million year-over-year, with total cash received for water at $30.2 million [9][42] - The company generated earnings per share (EPS) of $0.06 for Q4 and $0.09 for the full year [30] Business Line Data and Key Metrics Changes - The Potash segment generated a gross margin of $10.7 million in Q4, driven by price increases and increased sales volumes [34] - The Trio segment achieved a positive gross margin of $700,000 for the first time since 2016, with year-over-year price increases contributing to this improvement [36] - The Oilfield Solutions segment saw sales growth attributed to increased water sales, reaching $3.5 million in Q4 compared to $2.9 million in the same period last year [40] Market Data and Key Metrics Changes - Potash net realized prices increased by 9% year-over-year in Q4, with expectations for a strong spring season [24] - International markets experienced meaningful price increases, contributing to overall revenue growth [26] - The company expects cash received from total water sales in 2019 to be between $25 million and $35 million [22] Company Strategy and Development Direction - The company is pursuing a strategic acquisition of a 51% interest in the Dinwiddie Jal Ranch, which will enhance its water rights and oilfield-related assets [10][11] - The acquisition is expected to contribute positively to the bottom line and expand the company's midstream water infrastructure [15][19] - The company aims to leverage its existing workforce and infrastructure to capitalize on growth opportunities in the oil and gas sector [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the Dinwiddie acquisition and the overall business model, emphasizing resilience and shareholder value enhancement [27][28] - The company anticipates continued strong cash flows and growth opportunities in 2019, driven by favorable market conditions and infrastructure developments [45][83] - Management noted that the water sales business is expected to grow organically, supported by ongoing infrastructure projects [120] Other Important Information - The company ended the year with $33 million in cash and no outstanding balance on its credit facility [44] - SG&A expenses for 2019 are expected to be between $24 million and $27 million due to increased legal expenses and stock compensation [43] Q&A Session Summary Question: Incremental investment costs for ongoing business development - Management clarified that additional spending related to ongoing development is minimal, significantly less than $4 million or $5 million [50] Question: Longevity of oil and gas activity in relevant geographies - Management highlighted the extensive reserves and well permits in the Northern Delaware Basin, indicating a strong focus on servicing the area [51] Question: Minority interest line after closing the Dinwiddie deal - Management confirmed that the revenue from Dinwiddie will be consolidated, but a minority interest will be reported due to the 51% ownership [58] Question: One-time items affecting Trio's positive gross margin - Management stated that there were no one-time items affecting the gross margin and that it should stabilize over time [64][66] Question: Percentage of water business in oilfield services - Management indicated that the vast majority of the oilfield solutions segment is derived from water sales, with additional disclosures planned for clarity [68] Question: Potash cost run rate for 2019 - Management noted that the cost of potash may appear higher due to changes in revenue recognition but gross margins remain unchanged [72][74] Question: Strategy for water rights and future growth - Management expressed satisfaction with the current water rights and indicated plans for significant growth in 2019 and 2020 [75][77] Question: Update on lithium brine potential - Management mentioned ongoing discussions with various groups regarding lithium production from complex brines [79] Question: Outstanding debt payments scheduled for 2019 - Management confirmed no sizable payments are due in 2019, with the first tranche due in 2020 [81] Question: Seasonality of cash generation in 2019 - Management expects smoother cash generation as infrastructure is built out and partnerships with oil companies develop [82] Question: Understanding the Dinwiddie ranch revenue - Management clarified that the $13 million revenue from Dinwiddie in 2018 was a combination of water, caliche, and damages, with expectations for significant growth [88][90]