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Intrepid Potash Management Discusses Q4 2011 Results - Earnings Call Transcript

Intrepid Potash (IPI)

Q4 2011 Earnings Call

February 16, 2012 10:00 am ET

Executives

William Kent -

Robert P. Jornayvaz - Co-Founder, Executive Chairman of The Board and Principal Executive Officer

Kelvin G. Feist - Vice President of Marketing & Sales

David W. Honeyfield - President and Chief Financial Officer

Analysts

Kurt Schoen - Credit Agricole Securities (USA) Inc., Research Division

Bill Carroll - UBS Investment Bank, Research Division

Ted Drangula

Elaine Yip - Crédit Suisse AG, Research Division

Shawn Siddiqui

Lindsay Mann - Goldman Sachs Group Inc., Research Division

Joel Jackson - BMO Capital Markets Canada

Farooq Hamed - Barclays Capital, Research Division

Presentation

Operator

Good morning, and welcome to the Intrepid Potash Fourth Quarter and Year End 2011 Earnings Conference Call. [Operator Instructions] I would like to remind everyone that this conference is being recorded today, Thursday, February 16, 2012, at 8:00 a.m. Mountain Time. It is my pleasure to turn the conference over to William Kent, Director of Investor Relations. Mr. Kent, please go ahead.

William Kent

Good morning. Thank you, Joe, and thank you all for joining us today for our fourth quarter and year end 2011 earnings conference call. Participants from the company include Bob Jornayvaz, Executive Chairman of the Board; David Honeyfield, President and Chief Financial Officer; Martin Litt, Executive Vice President, General Counsel and Secretary; Kelvin Feist, Senior Vice President of Marketing and Sales; and John Mansanti, Senior Vice President of Operations.

I would like to remind everyone that statements made on this call that are not historical fact or that express a belief, expectation or intention, including statements about our financial and operational outlook, are forward-looking statements within the meaning of the United States securities laws. These statements are not guarantees of future performance. A number of assumptions, which we believe are reasonable, were made in connection with the expectations reflected in such forward-looking statements. The forward-looking statements involve risks and uncertainties, which could cause actual results to differ from our expectations.

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