Intrepid Potash (NYSE: IPI) is the only U.S. producer of muriate of potash and supplied approximately 9% of the country’s annual consumption in 2015. Potash is applied as an essential nutrient for healthy crop development, utilized in several industrial applications, and used as an ingredient in animal feed. Intrepid also produces a specialty fertilizer, Trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle.
Intrepid serves diverse customers in markets where a logistical advantage exists; and is a leader in the utilization of solar evaporation production, one of the lowest cost, environmentally friendly production methods for potash. Intr...
|08/02/16||Intrepid Potash Announces Second Quarter and First Half 2016 Results|
|DENVER, August 2, 2016 - Intrepid Potash Inc. (Intrepid) (NYSE:IPI) today reported its results for the second quarter and first half of 2016. Second Quarter Results Net loss of $13.4 million, or $0.18 per diluted share, compared with net loss of $4.9 million, or $0.07 per diluted share, in the second quarter of 2015. Potash sales of $39.2 million on sales volume of 168,000 tons compared with potash sales of $57.1 million on sales volume of 147,000 tons in the second quarter of 2015. Trio... |
|07/29/16||Intrepid Potash Announces Extension of Debt Covenant Waivers and Agreement in Principle on Revised Terms with Creditors|
|DENVER; July 29, 2016 - Intrepid Potash Inc. (NYSE:IPI) today announced that it has obtained further waivers of certain covenants under its senior notes and its credit facility until September 30, 2016. Intrepid has also reached an agreement in principle with holders of its senior notes regarding revised terms. The agreement in principle is non-binding and allows the parties until September 30, 2016, to complete negotiations and definitive documentation. Concurrently, Intrepid's $8 million ... |
|07/20/16||Intrepid Potash Announces Date for Second Quarter and First Half 2016 Earnings Release|
|DENVER; July 20, 2016 - Intrepid Potash Inc. (NYSE:IPI) plans to release its second quarter and first half 2016 financial results on Tuesday, August 2, 2016, before the market opens. Intrepid will host a conference call the same day at 10:00 a.m. Eastern Time to discuss the results and other operating matters and to answer investor questions. Management invites you to listen to the conference call by using the dial-in number 1-800-319-4610 from the U.S. and Canada, or +1-631-891-4304 from othe... |
|07/15/16||Intrepid Potash Announces Further Extension of Debt Covenant Waiver|
|DENVER; July 15, 2016 - Intrepid Potash Inc. (NYSE:IPI) today announced it has reached an agreement with its noteholders to further extend the previously announced waiver of the financial covenants for the first quarter of 2016 under its long-term unsecured senior notes until July 29, 2016. The most recent waiver from the noteholders would have expired on July 15, 2016. "We continue to make progress in the negotiations with our noteholders and are grateful for the additional time to work ... |
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