Intrepid Potash, Inc. Revises Production Guidance for the Year 2023; Provides Sales Guidance for the Fourth Quarter of 2023
November 09, 2023 at 12:00 pm EST
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Intrepid Potash, Inc. revised production guidance for the year 2023 and provides sales guidance for the fourth quarter of 2023. The company expects 2023 calendar year production to come in about 10% lower than previous guidance of 260,000 tons.
For the fourth quarter potash outlook, the company expected sales volumes to be in the range of 40,000 to 50,000 tons at an average net realized sales price in the range of $410 to $420 per ton.
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. 
