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...
|11/02/16||Intrepid Potash Announces Third Quarter and Year-to-Date 2016 Results|
|DENVER, November 2, 2016 - Intrepid Potash, Inc. (Intrepid) (NYSE:IPI) today reported its results for the third quarter and first nine months of 2016. Third Quarter Results Net loss of $18.2 million, or $0.24 per diluted share, compared with net loss of $8.1 million, or $0.11 per diluted share, in the third quarter of 2015. Potash pricing drives potash sales revenue decline of 16% to $35.4 million in the third quarter of 2016 compared with the third quarter of 2015, partially offset by vol... |
|10/31/16||Intrepid Potash Successfully Amends Senior Note Terms, Announces New Credit Agreement|
|DENVER; October 31, 2016 - Intrepid Potash, Inc. (NYSE:IPI) today announced it has reached an agreement with its noteholders to amend the terms of its senior notes. Concurrently, Intrepid entered into a new revolving credit agreement with Bank of Montreal, which provides additional borrowing capacity of up to $35 million, subject to a borrowing base limitation. "We are grateful for the thoughtfulness and dedication exhibited by our lending partners throughout these negotiations and to all... |
|10/18/16||Intrepid Potash Announces Date for Third Quarter and Year-to-Date 2016 Earnings Release|
|DENVER; October 18, 2016 - Intrepid Potash Inc. (NYSE: IPI) plans to release its third quarter and year-to-date 2016 financial results on Wednesday, November 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 and financial 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... |
|09/30/16||Intrepid Potash Announces Debt Waiver Extension and Amendment|
|DENVER; September 30, 2016 - Intrepid Potash Inc. (NYSE: IPI) today announced that is has obtained an extension to its previous waiver of certain covenants under its senior notes until October 31, 2016. The previous waiver was to expire on September 30, 2016. "The extension of the waiver is intended to provide additional time to complete definitive documentation for the revised note terms as well as the terms of the previously announced alternative credit facility," said Bob Jornayva... |
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