Suzanne Zehrius on Weebly
In a recent release, U.S. Geothermal Inc. announced its financial and operating results for the second quarter of 2017, ended June 30, 2017, reaffirmed guidance for 2017, and highlighted notable achievements in the first six months of 2017. Operating Revenue for the first six months of 2017 was $14.75 million, compared to $14.17 million in the prior year period. EBITDA for the first six months of 2017 was $6.23 million compared to $5.73 million for the prior year period. Net Income for the first six months of 2017 was $0.53 million, compared to $0.80 million in the first six months of 2016. Net income (loss) attributable to US Geothermal in the first six months of 2017 was $ (0.18) million, or $ (0.01) per share, compared to $ (0.34) million, or $ (0.02) per share in the prior year. On a quarterly basis, Operating Revenue for the second quarter of 2017 was $6.31 million, compared to $5.66 million for the prior year period. EBITDA was $2.15 million for the second quarter compared to $1.94 million for the prior year period. Net Income for the second quarter was $(0.60) million, compared to $(0.39) million in the prior year period. Net income (loss) attributable to US Geothermal for the second quarter was $(0.44) million, or $(0.02) per share, compared to $(0.49) million, or $(0.03) per share in the prior year period. “Our operating power plants continued to perform well during the second quarter,” said Douglas Glaspey, Interim Chief Executive Officer. “We believe the market for baseload renewable energy is gradually improving, as evidenced by our recent RFP proposal submittals to the San Francisco PUC and NV Energy. We remain focused on our goal to grow the company through a combination of new power plant construction, the expansion of existing operations and increased capacity from potential acquisitions.” Development Projects Update
Source: Company release http://ift.tt/2wIrQ9q Comments are closed.
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