U.S. Geothermal Inc. Reports First Quarter 2013 Results, Provides 2013 Guidance (Yahoo! Finance - News Release)
U.S. Geothermal Inc. today reported first quarter 2013 EBITDA of $4.38 million, compared to ($1.72) million in the prior year period. Net Income for the first quarter was $2.24 million compared to a Net Loss of $(2.42) million in the prior year period. Net Income (Loss) attributable to US Geothermal for the first quarter of 2013 was $1.39 million, or $0.01 per share, compared to $(1.64) million, or $(0.02) per share, in the prior year period. Cash & cash equivalents for the first quarter 2013 increased $3.56 million compared to a decrease in cash & cash equivalents of $(2.10) million in the prior year period.
"Our first quarter results were in line with our expectations, driven by improved operations at our San Emidio power plant and the successful startup and commissioning of the Neal Hot Springs power plant in the fourth quarter of 2012," said Dennis Gilles, U.S. Geothermal's Chief Executive Officer and GRC Board member."
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