INTREPID ANNOUNCES THIRD QUARTER 2024 RESULTS

Introduction: Third Quarter Overview

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DENVER, November 04, 2024--Intrepid Potash, Inc. ("Intrepid", "the Company", "we", "us", or "our") (NYSE:IPI) today reported its results for the third quarter of 2024. The company's performance in the third quarter reflects the ongoing strength of the potash market and Intrepid's continued focus on operational excellence.

Potash Sales Performance

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Intrepid reported robust potash sales during the third quarter of 2024, driven by solid demand for its products. The company's potash segment sales exceeded expectations, reflecting the strong market dynamics and Intrepid's effective sales and marketing strategies. The Average net realized sales price for potash remained favorable, contributing to the overall revenue growth for the quarter.

Byproduct Sales Contribution

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In addition to its core potash business, Intrepid also saw significant contributions from its potash segment byproduct sales in the third quarter. The company's diversification strategy has enabled it to capitalize on the value of its byproducts, further enhancing its revenue streams and profitability. This segment's performance highlights Intrepid's ability to maximize the value of its resources.

Increase in Potash Production

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During the third quarter of 2024, Intrepid achieved a notable increase in potash production, reflecting its commitment to operational efficiency and optimization. The higher production levels not only catered to growing market demand but also positioned the company well for future opportunities in the potash sector. Intrepid's focus on maximizing production capacity has been a key driver of its success.

Cost Management and Efficiency

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Intrepid's strong performance in the third quarter also benefitted from its effective cost management and operational efficiency initiatives. The company successfully optimized its potash freight costs, enhancing its overall margins and bottom-line results. By implementing strategic cost-saving measures, Intrepid has been able to maintain a competitive edge in the market and drive profitability.

Market Trends and Outlook

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Looking ahead, Intrepid remains optimistic about the potash market trends and the overall industry outlook. The company's solid performance in the third quarter underscores its resilience and ability to navigate challenges effectively. Intrepid's strategic positioning in the market, coupled with its operational strengths, positions it well for continued success in the upcoming quarters.

Investor Response and Analyst Perspectives

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Following the announcement of its third-quarter results, Intrepid received positive feedback from investors and analysts, who praised the company's strong performance and strategic execution. Analysts highlighted Intrepid's ability to capitalize on market opportunities and deliver solid financial results. The company's stock performance reflected the confidence of investors in its long-term growth prospects.

Environmental and Sustainability Initiatives

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Intrepid's commitment to environmental stewardship and sustainability remained a key focus during the third quarter of 2024. The company continued to invest in initiatives that promote responsible resource management and reduce its environmental footprint. Intrepid's sustainability efforts align with its long-term vision of being a leader in environmentally conscious potash production.

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