Intrepid Potash Inc.

Intrepid Potash today reported its results for the first quarter ended March 31, 2017. First Quarter Results Completion of an underwritten public offering of common stock, generating net proceeds of $57.5 million. Continued principal reduction on existing senior notes; total reduction of $61.0 million since September 30, 2016. Potash segment gross margin of $2.3 million, driven by previous transition to lower-cost [...]

Intrepid Potash plans to release its first quarter 2017 financial results on Tuesday, May 2, 2017, 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 [...]

Intrepid Potash today announced that Brian Frantz, Senior Vice President and Chief Accounting Officer of Intrepid, will resign from Intrepid effective April 7, 2017, to pursue another career opportunity.  Joseph Montoya, who has served in various accounting leadership roles at Intrepid since April 2014, has been appointed Vice President and Chief Accounting Officer effective April 7, 2017.   "We thank Brian for his [...]

Intrepid Potash announced today that it has priced its previously announced underwritten public offering of 43,541,667 shares of its common stock. Intrepid has granted the underwriter a 30-day option to purchase up to 6,531,250 additional shares of common stock. Intrepid expects to receive total gross proceeds (before underwriting discounts and estimated offering expenses) of approximately $52.3 million, or approximately [...]

Intrepid Potash announced today that it has commenced an underwritten public offering of shares of its common stock. The net proceeds from this offering are expected to be used to partially repay indebtedness outstanding under Intrepid's senior notes and for general corporate purposes. Intrepid intends to grant the underwriter a 30-day option to purchase additional shares of common stock at the public offering price [...]

Intrepid Potash today reported its financial results for the fourth quarter and full year 2016. Fourth Quarter Results Net loss totaled $16.6 million, or $0.22 per share, compared with net loss of $518.3 million, or $6.85 per share, in the fourth quarter 2015. Adjusted net loss1, which excludes certain items that impact comparability across periods, of $14.5 million, or $0.19 per share, compared with adjusted net loss [...]

Intrepid Potash plans to release its fourth quarter and full year 2016 financial results on Tuesday, February 28, 2017, 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 [...]

Intrepid Potash today announced it has engaged Cantor Fitzgerald & Co. to assist in assessing potential strategic alternatives available to Intrepid.   "Cantor Fitzgerald brings to the table significant mining and minerals experience and a global full-service investment banking suite that can assist us throughout the process of evaluating our alternatives and pursuing a thoughtful path forward," said Bob Jornayvaz [...]

Intrepid Potash 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 [...]

Intrepid Potash 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 [...]