Summary
Intrepid Potash, Inc., together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market. The Trio segment provides Trio, a specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. The Oilfield Solutions segment sells water for use in the oil and gas services industry; and offers potassium chloride real-time mixing services on location for hydraulic fracturing operations and trucking services. The company also offers salt for use in animal feeds, industrial applications, pool salts, and treatment of roads and walkways for ice melting or to manage road conditions; magnesium chloride for use in the deicing and dedusting of roads; brines for well development and completion activities in the oil and gas industry; and metal recovery salt, a combination of potash and salt to enhance the recovery of aluminum in the aluminum recycling processing facilities. Intrepid Potash, Inc. was founded in 2000 and is based in Denver, Colorado.
History
Intrepid Potash was founded in 1970 and has achieved a solid position in the American Potash Fertilizer Industry by building a large, profitable and reliable business. Intrepid Potash is the only producer of concentrated Sulfate of Potash Magnesia (SOPM) and has the lowest cost structure of any potash fertilizer producer in North America. At the same time, it has considerable land and mineral rights that, if developed, could result in additional value. The company has attracted an experienced management team and has dedicated capital and expertise to expansion projects.
Mission
We drive shareholder value by providing profitable solutions to customers’ needs, creating an environment of entrepreneurial thinking and initiative, and delivering extraordinary results in a safe, reliable and responsible way.
Vision
To be the safe and trusted choice for potash products and solutions.
Key Team
John Richardson (Director of Investor Relations)
Ms. Christina Sheehan (Gen. Counsel & Corp. Sec.)
Mr. Zachry Adams (VP of Sales & Marketing)
Evan Mapes C.F.A. (Investor Relations Mang.)
Recognition and Awards
Intrepid Potash was honored with the Sustainability Trailblazer Award from the Tempe, Arizona Business Council in 2018, and also received the 2017 Responsible Care Partner Certificate from the American Chemistry Council for its commitment to operational excellence and environmental stewardship.
References
United States 