Friday, May 15, 2015

USA, Idaho:

U.S. Geothermal Inc. Reports First Quarter 2015 Results (CNN Money - News Release)

U.S. Geothermal Inc. announced today its financial and operating results for the First 3 months ending March 31, 2015, reaffirmed guidance for 2015, and highlighted notable achievements for the First Three Months.

Revenue for the First Three Months of 2015 was $8.47 million, compared to $8.50 million for the prior year period.

"We are very pleased with the high availability of our operating plants during this first quarter, with corresponding financial results fully meeting our expectations," said Dennis Gilles, U.S. Geothermal's Chief Executive Officer. "Starting the year with a strong quarter, in spite of the unseasonably warm weather experienced during this first quarter, positions us well for achieving the financial results provided as guidance. This continuing strong operational and financial condition supports our continued growth of the company; both from developing our internal project pipeline and through strategic acquisitions."

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