Intrepid Potash, Inc. Provides Production Guidance for 2024 ; Provides Sales Guidance for the First Quarter 2024
March 07, 2024 at 12:00 pm EST
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Intrepid Potash, Inc. provided production guidance for 2024; provided sales guidance for the first quarter 2024. For the quarter potash outlook, company expects sales volumes to be in the range of 65,000 to 75,000 tons at an average net realized sales price in the range of $3.85 to $3.95 per ton.
For the year, company expects total potash production will be at least 10% to 15% compared to 2023, with an additional 15% to 20% increase expected the following year and higher upside looking long term.
Intrepid Potash, Inc. is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products for customers in agriculture, animal feed and the oil and gas industry. Its segments include potash, Trio, and oilfield solutions. Its three primary products are potash, Trio, and water. It also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes. It sells potash into three primary markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. Trio is its specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. It sells water primarily for industrial uses in the oil and gas services industry. Its other oilfield related offerings include caliche, right-of-way agreements, and others.
INTREPID POTASH, INC. 
