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US Geothermal Q2 adjusted EBITDA, revenue grow YOY

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US Geothermal Q2 adjusted EBITDA, revenue grow YOY

U.S. Geothermal Inc. on Aug. 10 reported second-quarter 2017 adjusted EBITDA of $2.34 million, compared to adjusted EBITDA of $2.44 million in the comparable quarter of 2016.

The company recorded a second-quarter net loss attributable to U.S. Geothermal of $440,000, or a loss of 2 cents per share, compared to a loss of $490,000, or a loss of 3 cents per share, a year ago.

The S&P Capital IQ normalized consensus EPS estimate for the quarter was a loss of 3 cents.

U.S. Geothermal's fleet generated a total of about 76,102 MWh during the most recent quarter, compared to 68,880 MWh in the 2016 second quarter. Operating revenue for the quarter totaled $6.31 million, compared to $5.66 million in the prior-year quarter.

The company continues to target 2017 adjusted EBITDA in the range of $15 million to $19 million, operating revenue in the range of $30 million to $34 million and adjusted net income in the range of $4 million to $8 million.