Intrepid Potash, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023
November 08, 2023 at 04:30 pm EST
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Intrepid Potash, Inc. reported impairment charges for the third quarter ended September 30, 2023. For the quarter, the company reported impairment of long-lived assets of $521,000.
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. 
