Wednesday, March 26, 2014

USA, Idaho:

U.S. Geothermal Exceeds Expectations (Stockhouse)

U.S. Geothermal released financial results today from its year-end 2013.

According to a news release, the company recorded $27.4 million in operating revenue for 2013 versus $9.8 million reported in 2012 while EBITDA came in at $14.5 million over a loss of $0.5 million filed in 2012. Net income totaled $4.1 million for the year compared to a net loss of $4.3 million reported in 2012.

Company CEO, Dennis Gilles, also a GRC Board member commented, “We are proud to report that our performance for 2013 exceeded our expectations, with Generation, Revenues, EBITDA, and Net Income all exceeding the high end of the guidance that we had previously provided for calendar year 2013.”

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