Table of Contents _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2023 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: 001-34025 INTREPID POTASH, INC. (Exact Name of Registrant as Speci ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of approximately $15.9 million for Q2 2023, bringing the first half total to about $32 million, indicating strong performance driven by increased potash sales [3][21] - Average net realized sales price for potash in Q2 was approximately $480 per ton, which is about 25% higher than average NOLA pricing [4][21] - Adjusted net income for Q2 was $4.3 million, reflecting a decrease in fertilizer pricing compared to last year [21] Business Line Data and Key Metrics Changes - Potash sales volumes in Q2 totaled 79,000 tons, a 41% increase year-over-year, while first half sales reached 167,000 tons, a 33% increase [48] - Trio sales volumes for Q2 and first half 2023 were 63,000 tons and 128,000 tons, respectively, remaining consistent with last year's performance [22] Market Data and Key Metrics Changes - The agricultural market is experiencing strong demand, with farmers benefiting from high commodity prices, which supports potash sales [16][42] - The company noted that the summer-fill program pricing for potash was set at $370 per short ton, reflecting a positive response from the market [48] Company Strategy and Development Direction - The company is focused on revitalizing its potash operations through projects aimed at maximizing brine availability and production consistency [17][20] - Key projects include Phase II of the HB injection pipeline and the Eddy Shaft project, which are expected to enhance production capabilities [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the agricultural market's fundamentals, indicating that higher income levels and strong crop futures will support potash demand [16][42] - The company anticipates a strong fall application season in the US, driven by attractive fertilizer pricing and solid agricultural fundamentals [50] Other Important Information - Capital expenditures for Q2 were $21 million, with a total of approximately $42 million spent in the first half of the year, primarily directed towards major potash projects [24][25] - The company maintains a strong balance sheet with a net cash position of approximately $165 million, positioning it well for future investments [25] Q&A Session Summary Question: What is the outlook for potash volumes in 2024 and 2025? - Management indicated that while they are not ready to provide specific guidance for 2024 or 2025, recent project executions position the company well for increased production [27] Question: How are the injection rates at the HB facility impacting production? - Injection rates have increased by 50% to 60% compared to previous years, which is expected to enhance brine withdrawal and overall production [28] Question: What are the expectations for free cash flow in the second half of the year? - Management noted that cash flow from operations may slow in the second half due to seasonal sales patterns, but the strong balance sheet will support ongoing projects [31] Question: How does the company view the summer-fill program and its impact on demand? - Management expressed skepticism about the necessity of the summer-fill program, suggesting that it may have conditioned farmers to wait for such programs despite strong underlying demand [62] Question: What are the long-term capital allocation priorities? - The company aims to maintain a strong balance sheet and may consider leveraging once consistent production levels are achieved, with a focus on stock buybacks in the future [64]

(Address of principal executive offices) (Zip Code) Denver, Colorado 80202 (303) 296-3006 (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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ Quarterly Rep ...

Intrepid Potash, Inc. (NYSE:IPI) Q1 2023 Earnings Conference Call May 4, 2023 12:00 PM ET Company Participants Evan Mapes - Investor Relations Bob Jornayvaz - Executive Chairman & Chief Executive Officer Matt Preston - Chief Financial Officer Zachary Adams - Vice President, Sales & Marketing Conference Call Participants Will Tang - Morgan Stanley Lucas Beaumont - UBS Joel Jackson - BMO Capital Markets Operator Thank you for standing by. This is the conference operator. Welcome to the Intrepid Potash Inc. Fi ...

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 March 31, 2023 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) Q4 2022 Earnings Conference Call March 7, 2023 12:00 PM ET Company Participants Evan Mapes - Investor Relations Bob Jornayvaz - Executive Chairman and Chief Executive Officer Matt Preston - Chief Financial Officer Conference Call Participants Lucas Beaumont - UBS Will Tang - Morgan Stanley Joel Jackson - BMO Capital Markets Operator Thank you for standing by. This is the conference operator. Welcome to the Intrepid Potash Inc. Fourth Quarter 2022 Results Conference Call. [Op ...

Table of Contents For the fiscal year ended December 31, 2022 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: 001-34025 INTREPID POTASH, INC. (Exact Name of Registrant as Specified in its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Delaware 26-1501877 (State or other jurisd ...

Intrepid Potash, Inc. (NYSE:IPI) Q3 2022 Results Conference Call November 3, 2022 12:00 PM ET Company Participants Evan Mapes - IR Manager Bob Jornayvaz - Executive Chairman and CEO Matt Preston - CFO Zachry Adams - VP of Sales and Marketing Conference Call Participants Joel Jackson - BMO Capital Markets Will Tang - Morgan Stanley Josh Spector - UBS Operator Thank you for standing by. This is the conference operator. Welcome to the Intrepid Potash, Inc. Third Quarter 2022 Results Conference Call. [Operator ...

Table of Contents top 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 September 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission Fil ...

Intrepid Potash, Inc. (NYSE:IPI) Q2 2022 Earnings Conference Call August 5, 2022 12:00 PM ET Corporate Participants Evan Mapes - Investor Relations Bob Jornayvaz - Co-Founder, Executive Chairman and Chief Executive Officer Matt Preston - Chief Financial Officer Conference Call Participants Alex Chen - BMO Capital Markets Will Tang - Morgan Stanley Josh Spector - UBS Operator Thank you for standing by. This is the conference operator. Welcome to the Intrepid Potash, Inc. Second Quarter 2022 Results Conferenc ...