This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Geothermal Management Discusses Q1 2012 Results - Earnings Call Transcript

U.S. Geothermal (HTM)

Q1 2012 Earnings Call

August 16, 2012 10:00 am ET

Executives

Daniel J. Kunz - Co-Founder, Chief Executive Officer, Director and President of Geo-Idaho

Analysts

Jared Alexander - Canaccord Genuity, Research Division

Presentation

Operator

Greetings. Welcome to the U.S. Geothermal 2012 First Quarter Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Daniel Kunz, CEO. Thank you. Mr. Kunz, you may now begin.

Daniel J. Kunz

Thank you, operator, and thank you for being on the call this morning. We appreciate your attendance. What I'm going to do is take you through the financial statements, make a few observations and draw your attention to a few items, and then I'm going to turn it over to Q&A so that we can make sure that anyone has questions, we can address those.

One thing I do want to point out, these financial statements reflect a couple of things. One, there is a -- we are now consolidating the accounts of Raft River and then eliminating those minority interests both at Raft River and we have minority interests at Neal Hot Springs in Oregon. So everything has been restated to reflect that so that the comparatives, all are compared on that basis. So these won't be comparable to previous financial statements you may have seen for that reason. So that's point one. And the other item I'd like to draw your attention to is, this is our first quarter of 2012, but that's because we have an accounting fiscal year that ended in March. What we've decided to do when this change has been made effective and approved by the board is we're going to a calendar year-end. So for this year, we will have only 3 quarters of financial information. It will end in -- at the end of this year in December, and then we start 2013 with a full calendar year. So we've gotten rid of this quarter stub that we've always dealt with. Anyway, so we hope that, that makes it easier for you to look at these financial statements going forward.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs