Eric,
Agastaches don't like a lot of water and I don't give mine any extra fertilizer than what was in the potting mix when I potted them up in. I only water them to get them established and after that, if it's long dry spell, then I'll water them good and not again until another long dry spell.
The soil (or potting mix) they're in should be well draining. Don't add wood mulch to the top of the soil (or potting mix).