Intrepid Potash

Intrepid Announces Payoff of Senior Notes; Updates Cash Position

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水曜日, 6月 2, 2021

Intrepid Potash, Cash and cash equivalents, Paycheck Protection Program

Denver, CO, June 02, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following updates to its liquidity position:

Key Points:

Denver, CO, June 02, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following updates to its liquidity position:
On June 1, 2021, Intrepid paid down the remaining $15 million outstanding on its Series B Senior Notes with cash on hand.
Along with the paydown, Intrepid made a make-whole payment of $0.5 million and paid accrued interest of $0.1 million to noteholders.
After the payoff of its Senior Notes, Intrepid has cash and cash equivalents of approximately $47 million and outstanding debt of $30 million on its revolving credit facility and $10 million outstanding on its PPP loan, which it expects to be forgiven, for total outstanding debt of $40 million.
Rising prices, strong fertilizer sales, improving oil and gas fundamentals, and prudent capital spending have improved our net debt position to the point where we now have more cash on hand than outstanding debt.

Intrepid Announces $20 Increase on Trio®; Updates Potash Pricing

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月曜日, 5月 17, 2021

Chemistry, Physical sciences, Natural sciences, Intrepid Potash, Potash, Fertilizer, XC2, Intrepid, Potassium

b"Denver, CO, May 17, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (\xe2\x80\x9cIntrepid\xe2\x80\x9d) today announced the following updates to its fertilizer pricing.\nEffective May 17, 2021, Intrepid increased its Trio\xc2\xae price by $20 per ton on all product grades.

Key Points:

b"Denver, CO, May 17, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (\xe2\x80\x9cIntrepid\xe2\x80\x9d) today announced the following updates to its fertilizer pricing.\nEffective May 17, 2021, Intrepid increased its Trio\xc2\xae price by $20 per ton on all product grades.
Trio\xc2\xae price is now posted at $100 per ton above the 2020 summer-fill value.\nIn response to fill programs announced by competitors in early May, Intrepid increased its potash price by $20 per ton last week.
In addition, Intrepid produces a specialty fertilizer, Trio\xc2\xae, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle.
Forward-looking statements in this press release include, among others, statements regarding Intrepid\xe2\x80\x99s expectations for future fertilizer pricing and demand.

Intrepid Announces $20 Increase to Trio® Price

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月曜日, 3月 15, 2021

Physical sciences, Chemistry, Natural sciences, Intrepid Potash, Potash, Intrepid, Fertilizer, Potassium, Magnesium, Plant nutrition

Denver, CO, March 15, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following increase to its Trio price.

Key Points:

Denver, CO, March 15, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following increase to its Trio price.
Effective March 15, 2021, Intrepid increased its Trio price by $20 per ton on all product grades.
Trio price is now posted at $80 per ton above the 2020 summer-fill price.
In addition, Intrepid produces a specialty fertilizer, Trio, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle.

Intrepid Announces $50 Increase to Potash Price

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月曜日, 2月 8, 2021

Intrepid Potash, Potash, Chemistry, Physical sciences, Pricing, Intrepid, Natural sciences

Denver, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following increase to its potash price at all locations.

Key Points:

Denver, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following increase to its potash price at all locations.
Effective February 8, 2021, Intrepid increased its agricultural pricing for potash by $50 per ton at all locations and on all new orders.
Potash price is now posted at $140 per ton above the 2020 summer-fill value.
Last week, we finished booking historic second quarter volumes at the full $40 per ton price increase announced in December and are confident moving price higher immediately.

Intrepid Provides Update to Potash and Trio® Pricing and 2021 Outlook

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水曜日, 12月 30, 2020

Intrepid Potash, Potash, Chemistry, Intrepid, Pricing, Physical sciences, Natural sciences

DENVER, CO, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following updates on its potash and Trio pricing and its 2021 outlook.

Key Points:

DENVER, CO, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the following updates on its potash and Trio pricing and its 2021 outlook.
Trio price into agricultural markets has increased $60 per ton, or 27%, above 2020 summer-fill pricing after a $20 per ton increase in December.
Oilfield outlook continues to improve in the Northern Delaware Basin driven by an increase in drilling and fracking activity.
Intrepid currently forecasts first quarter 2021 and full year 2021 water volumes in excess of same time last year in the Intrepid and NGL Energy Partners (NGL) three-ranch area of mutual interest (AMI).

Intrepid Announces Date for Third Quarter 2020 Earnings Release

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月曜日, 10月 26, 2020

Physical sciences, Chemistry, Natural sciences, Intrepid Potash, Fertilizers, Potassium, IPI, Potash, New York Stock Exchange

DENVER, CO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE: IPI) plans to release its third quarter 2020 financial results on Monday, November 2, 2020, after the market closes.Intrepid will host a conference call on Tuesday, November 3, 2020 at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions.

Key Points:

DENVER, CO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE: IPI) plans to release its third quarter 2020 financial results on Monday, November 2, 2020, after the market closes.Intrepid will host a conference call on Tuesday, November 3, 2020 at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions.
In addition, Intrepid produces a specialty fertilizer, Trio, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle.
Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab.
Investors and other interested parties are encouraged to enroll at intrepidpotash.com , to receive automatic email alerts or RSS feeds for new postings.

Intrepid Announces 1-for-10 Reverse Stock Split

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木曜日, 8月 13, 2020

Financial markets, Stock market, Corporate finance, Financial economics, Finance, Equity securities, Reverse stock split, Stock, New York Stock Exchange, Intrepid Potash, Common stock

DENVER, CO, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) announced today that it will effect a 1-for-10 reverse stock split of its common stock effective 5:00 pm Eastern on Thursday, August 13, 2020.

Key Points:

DENVER, CO, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) announced today that it will effect a 1-for-10 reverse stock split of its common stock effective 5:00 pm Eastern on Thursday, August 13, 2020.
The reverse stock split will reduce the number of shares of Intrepids common stock currently outstanding from approximately 133 million shares to approximately 13 million shares.
A new CUSIP number of 46121Y201 has been assigned to the common stock in connection with the reverse stock split.
Stockholders owning shares via a broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to the broker's or nominee's particular procedures for processing the reverse stock split.

Intrepid Potash Announces Appointment of Mary McBride to Board of Directors

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金曜日, 4月 24, 2020

Finance, Economy, Investment, Intrepid Potash, Investor relations, IPI, Intrepid, New York Stock Exchange, McBride

DENVER, CO, April 24, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the appointment of Mary McBride as a new independent director to Intrepids Board of Directors (the Board), effective May 19, 2020.

Key Points:

DENVER, CO, April 24, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) (Intrepid) today announced the appointment of Mary McBride as a new independent director to Intrepids Board of Directors (the Board), effective May 19, 2020.
Ms. McBride brings additional financial, agricultural and oil and gas experience to the Board.
Mary, through her distinguished career, has experience managing the commodity price cycles in agriculture and energy, and will bring that experience to the board.
Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab.

Intrepid Retires Series A Senior Notes; Updates 2020 Guidance and Announces Earnings Release and Conference Call Dates

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木曜日, 4月 16, 2020

Intrepid Potash, Intrepid, Earnings guidance, New York Stock Exchange, Economy, Finance, Financial economics

DENVER, CO, April 16, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) (Intrepid, the Company) today, retires Series A Senior Notes, updates 2020 guidance and announces its first quarter 2020 earnings release and conference call dates.

Key Points:

DENVER, CO, April 16, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) (Intrepid, the Company) today, retires Series A Senior Notes, updates 2020 guidance and announces its first quarter 2020 earnings release and conference call dates.
This is a $13 million or 43% decrease from the $30 million mid-point of original, total capital guidance.
The Company is reviewing its 2020 water sales guidance as oil and gas operators re-evaluate their capital programs for the remainder of the year.
Intrepid plans to release its first quarter 2020 financial results on Wednesday, May 6, 2020, after the market closes.

Global Potash Mining Markets, 2014-2018 & 2019-2022 - ResearchAndMarkets.com

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月曜日, 9月 30, 2019

Mining, Minerals, Natural Resources, Chemistry, Physical sciences, Natural sciences, Intrepid Potash, PotashCorp, Potash, Potassium

Global Potash Mining Market Forecast to 2022 provides strategists, marketers and senior management with the critical information they need to assess the global potash mining market.

Key Points:

Global Potash Mining Market Forecast to 2022 provides strategists, marketers and senior management with the critical information they need to assess the global potash mining market.
The potash mining market consists of sales of potash by entities (organizations, sole traders and partnerships) that mine potash through conventional and solution mining methods.
South America was the largest region in the global potash mining market, accounting for 63% of the market in 2018.
Companies such as Potash Corporation of Saskatchewan, Mosaic, Intrepid Potash, and Western Potash are using potash solution mining techniques in various potash mining projects.