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 September 30, 2019 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) Q3 2019 Earnings Conference Call November 5, 2019 10:00 AM ET Company Participants Matthew Preston - IR Officer Robert Jornayvaz - Executive Chairman, President & CEO Joseph Montoya - VP, Principal Financial Officer, Principal Accounting Officer & CAO Mark McDonald - VP, Sales & Marketing Conference Call Participants Bria Murphy - BMO Capital Markets Joan Tong - Stephens Inc. Joshua Spector - UBS Investment Bank Jason Ursaner - CJS Securities Operator Welcome to the Intrepid ...

Intrepid Potash, Inc. (NYSE:IPI) Q2 2019 Earnings Conference Call August 6, 2019 10:00 AM ET Company Participants Matt Preston – Investor Relations Bob Jornayvaz – Co-Founder, Executive Chairman, President and CEO Joseph Montoya – Vice President and Chief Accounting Officer Mark McDonald – Vice President-Sales and Marketing Alex Wagner – Vice President-Business Development Conference Call Participants Joan Tong – Stephens Inc. Robin Fiedler – BMO Capital Markets Jeremy Rosenberg – Morgan Stanley Josh Specto ...

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 June 30, 2019 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) Q1 2019 Earnings Conference Call May 7, 2019 10:00 AM ET Company Participants Matt Preston – Investor Relations Bob Jornayvaz – Co-founder, Executive Chairman, President and Chief Executive Officer Joseph Montoya – Vice President and Chief Accounting Officer Mark McDonald – Vice President of Sales and Marketing Hugh Harvey – Executive Vice Chairman of the Board Conference Call Participants Mark Connelly – Stephens Inc. Josh Spector – UBS Joel Jackson – BMO Capital Markets Vi ...

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, 2019 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 - Net income improved by $9.3 million to $7.6 million in Q4 2018 and by $34.4 million to $11.8 million for the full year compared to the previous year [9][30] - Operating cash flow increased by $47.5 million year-over-year, with total cash received for water at $30.2 million [9][42] - The company generated earnings per share (EPS) of $0.06 for Q4 and $0.09 for the full year [30] Business Line Data and Key Metrics Changes - The Potash segment generated a gross margin of $10.7 million in Q4, driven by price increases and increased sales volumes [34] - The Trio segment achieved a positive gross margin of $700,000 for the first time since 2016, with year-over-year price increases contributing to this improvement [36] - The Oilfield Solutions segment saw sales growth attributed to increased water sales, reaching $3.5 million in Q4 compared to $2.9 million in the same period last year [40] Market Data and Key Metrics Changes - Potash net realized prices increased by 9% year-over-year in Q4, with expectations for a strong spring season [24] - International markets experienced meaningful price increases, contributing to overall revenue growth [26] - The company expects cash received from total water sales in 2019 to be between $25 million and $35 million [22] Company Strategy and Development Direction - The company is pursuing a strategic acquisition of a 51% interest in the Dinwiddie Jal Ranch, which will enhance its water rights and oilfield-related assets [10][11] - The acquisition is expected to contribute positively to the bottom line and expand the company's midstream water infrastructure [15][19] - The company aims to leverage its existing workforce and infrastructure to capitalize on growth opportunities in the oil and gas sector [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the Dinwiddie acquisition and the overall business model, emphasizing resilience and shareholder value enhancement [27][28] - The company anticipates continued strong cash flows and growth opportunities in 2019, driven by favorable market conditions and infrastructure developments [45][83] - Management noted that the water sales business is expected to grow organically, supported by ongoing infrastructure projects [120] Other Important Information - The company ended the year with $33 million in cash and no outstanding balance on its credit facility [44] - SG&A expenses for 2019 are expected to be between $24 million and $27 million due to increased legal expenses and stock compensation [43] Q&A Session Summary Question: Incremental investment costs for ongoing business development - Management clarified that additional spending related to ongoing development is minimal, significantly less than $4 million or $5 million [50] Question: Longevity of oil and gas activity in relevant geographies - Management highlighted the extensive reserves and well permits in the Northern Delaware Basin, indicating a strong focus on servicing the area [51] Question: Minority interest line after closing the Dinwiddie deal - Management confirmed that the revenue from Dinwiddie will be consolidated, but a minority interest will be reported due to the 51% ownership [58] Question: One-time items affecting Trio's positive gross margin - Management stated that there were no one-time items affecting the gross margin and that it should stabilize over time [64][66] Question: Percentage of water business in oilfield services - Management indicated that the vast majority of the oilfield solutions segment is derived from water sales, with additional disclosures planned for clarity [68] Question: Potash cost run rate for 2019 - Management noted that the cost of potash may appear higher due to changes in revenue recognition but gross margins remain unchanged [72][74] Question: Strategy for water rights and future growth - Management expressed satisfaction with the current water rights and indicated plans for significant growth in 2019 and 2020 [75][77] Question: Update on lithium brine potential - Management mentioned ongoing discussions with various groups regarding lithium production from complex brines [79] Question: Outstanding debt payments scheduled for 2019 - Management confirmed no sizable payments are due in 2019, with the first tranche due in 2020 [81] Question: Seasonality of cash generation in 2019 - Management expects smoother cash generation as infrastructure is built out and partnerships with oil companies develop [82] Question: Understanding the Dinwiddie ranch revenue - Management clarified that the $13 million revenue from Dinwiddie in 2018 was a combination of water, caliche, and damages, with expectations for significant growth [88][90]

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, 2018 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) Delaware 26-1501877 (State or other jurisd ...