Intrepid Potash, Inc. (NYSE:IPI) Q4 2020 Results Conference Call March 2, 2021 12:00 PM ET Company Participants Matt Preston - VP, Finance Bob Jornayvaz - Co-Founder, Executive Chairman, President and CEO Brian Stone - COO Zachry Adams - VP, Sales and Marketing Conference Call Participants Bria Murphy - BMO Capital Markets Mark Connelly - Stephens Steve Haynes - Morgan Stanley John Roberts - UBS Jason Ursaner - Bumbershoot Holdings Matt Farwell - Roth Capital Operator Thank you for standing by. This is the ...

Table of Contents 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 For the fiscal year ended December 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: 001-34025 INTREPID POTASH, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporat ...

Intrepid Potash, Inc. (NYSE:IPI) Q3 2020 Earnings Conference Call November 3, 2020 12:00 PM ET Company Participants Matt Preston - VP of Finance Bob Jornayvaz - Chairman, President and CEO Conference Call Participants Bria Murphy - BMO Capital Markets John Roberts - UBS Matt Farwell - ROTH Capital Jason Ursaner - Bumbershoot Holding Operator Thank you for standing by. This is the conference operator. Welcome to the Intrepid Potash Third Quarter 2020 Results Conference Call. As a reminder, all participants a ...

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 September 30, 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 Nu ...

Intrepid Potash, Inc. (NYSE:IPI) Q2 2020 Earnings Conference Call August 4, 2020 12:00 PM ET Company Participants Matt Preston - Vice President of Finance Bob Jornayvaz - Chairman, President and CEO Brian Stone - Chief Operating Officer Mark McDonald - Vice President of Sales and Marketing Conference Call Participants Bria Murphy - BMO Capital Markets John Rider - Stephens John Roberts - UBS Jason Ursaner - Bumbershoot Holding Operator Thank you for standing by. This is the conference operator. Welcome to t ...

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 June 30, 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: ...

Financial Data and Key Metrics Changes - First quarter sales increased by 11%, driven by record water sales and strong volumes in the nutrients business [58] - Potash gross margins decreased by 54% due to lower pricing and higher cost of goods sold, with the average net realized sales price for potash at $255, down 11% year-over-year [59][60] - Cash generated from operations was $14.8 million, with capital expenditures totaling $5.7 million for the first quarter [68] Business Line Data and Key Metrics Changes - Potash and Trio volumes increased by 13% and 36% respectively, while water sales reached a record $8.5 million [22] - The oilfield solutions business experienced double-digit revenue growth and margin expansion, with a 17% increase in sales attributed to record water sales [63] - Sales volumes for Trio increased significantly, with international sales growing by 48% in the first quarter [53] Market Data and Key Metrics Changes - The rig count in the Permian Basin dropped from 403 rigs on January 1, 2020, to 219 rigs by May 1, 2020, indicating a significant decrease in drilling activity [30] - The Delaware Basin is expected to be less affected by the downturn compared to other regions, with a steady count of drilled but uncompleted wells [31][32] Company Strategy and Development Direction - The company is focused on diversifying its revenue streams and strengthening its balance sheet to navigate the economic downturn caused by the COVID-19 pandemic [19][55] - Intrepid is positioned to take advantage of opportunities in the oil and gas midstream sector, particularly in the Delaware Basin [46][49] - The company plans to continue exploring monetization opportunities for its land assets, including additional sales of land [65] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the COVID-19 pandemic but expressed confidence in the company's ability to weather the storm due to its diversified revenue streams and strong balance sheet [19][20] - The company expects a significant decline in water demand as oil and gas companies pause their drilling plans, leading to the suspension of water sales guidance for 2020 [67] - Despite the uncertainty, management remains optimistic about the potential opportunities presented by the current market conditions [56] Other Important Information - The company settled outstanding litigation with Mosaic, incurring a one-time expense of $10 million, which is expected to be paid at the end of May [66] - The company received a $10 million loan under the CARES Act Paycheck Protection Program, which is anticipated to be mostly forgiven [69] Summary of Q&A Session - No Q&A session was held during this call due to stay-at-home restrictions, but a follow-up call is scheduled for May 11 to address investor questions [3][71]

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 ...