U.S. Geothermal Inc.
U.S. Geothermal Inc. Reports Fourth Quarter and Year-End 2016 Results and Reaffirms 2017 Guidance

March 20, 2017


  • Seventeenth consecutive quarter of positive Cash Flow from Operations and EBITDA
  • Approved 1 for 6 share consolidation and began trading on a split-adjusted basis on November 10, 2016
  • Expanded the Board of Directors to eight members, including three new independent directors
  • Drilled and tested two wells at San Emidio II resulting in large expansion of the resource
  • Drilled and tested a large diameter well at El Ceibillo confirming shallow commercial resource
  • Completed drilling new well leg at Raft River and returned to service

U.S. Geothermal Inc. (the "Company") (NYSE MKT: HTM), a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy, announced its financial and operating results for the fourth quarter and full year ended December 31, 2016, reaffirmed guidance for 2017 and highlighted notable achievements in 2016. This earnings release should be read in conjunction with US Geothermal's financial statements, and management's discussion and analysis ("MD&A"), which are available on the Company's website at www.usgeothermal.com and have been posted at the U.S. Securities and Exchange Commission website at www.sec.gov and on SEDAR at www.sedar.com.

Click here to read the full press release.

For more information:

U.S. Geothermal Inc.

Link http://electricenergyonline.com/detail_news.php?ID=627435
Most consulted news
Click here to try the new version of Electric Energy Online!