EXHIBIT 99.1

EchoStar Announces Fourth Quarter and Full Year 2017 Results

Englewood, CO, February 22, 2018—EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the fourth quarter and full year ended December 31, 2017.

Fourth Quarter 2017 Financial Highlights:

• Consolidated revenues of $506 million.

• Consolidated net income from continuing operations of $311.8 million, consolidated net income attributable to EchoStar common stock of $313.2 million and diluted earnings per share of $3.23.

• Consolidated EBITDA of $207 million (see reconciliation of this non-GAAP measure below).

Full Year Ended December 31, 2017 Financial Highlights:

• Consolidated revenue of $1.89 billion.

• Consolidated net income from continuing operations of $385.0 million, consolidated net income attributable to EchoStar common stock of $393.8 million and diluted earnings per share of $4.07.

• Consolidated EBITDA of $795 million (see reconciliation of this non-GAAP measure below).

Additional Highlights:

• Approximately 1,208,000 Hughes broadband subscribers as of December 31, 2017.

• Cash, cash equivalents and current marketable investment securities of $3.25 billion as of December 31, 2017

The Tax Cuts and Jobs Act enacted in December 2017 includes a reduction of the federal corporate tax rate to 21%. As a result, we provisionally recorded a one-time tax benefit of $303.5 million from the re- measurement of our deferred tax assets and liabilities. The net income and earnings per share noted above include the impact of this benefit.

Starting with the quarter that ended March 31, 2017, we changed the way we present our segments. Previously, our business segments reflected an allocation of the costs of our corporate functions. Under our new presentation, these costs are no longer allocated to the operating segments and are now reported as part of the Corporate and Other segment (previously “All Other and Eliminations”).

In addition, results of our EchoStar Technology segment, which was transferred to DISH Network Corporation in the Share Exchange transaction, are included in Discontinued Operations.

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Set forth below is a table highlighting certain of EchoStar’s segment results for the three and twelve months ended December 31, 2017 and 2016:

		For the Three Months Ended December 31,								For the Years Ended December 31,
		2017				2016				2017				2016
		(Dollars in thousands)
Revenue
Hughes		$	405,775			$	370,910			$	1,477,918			$	1,392,361
EchoStar Satellite Services		96,459				101,741				392,244				407,660
Corporate & Other		3,814				3,137				15,346				10,445
Total		$	506,048			$	475,788			$	1,885,508			$	1,810,466
EBITDA
Hughes		$	132,529			$	123,660			$	475,222			$	477,165
EchoStar Satellite Services		73,412				84,335				315,285				341,516
Corporate & Other		598				(22,170		)		4,070				(67,676		)
Total		$	206,539			$	185,825			$	794,577			$	751,005
Net income (loss) attributable to EchoStar common stock		$	313,237			$	38,222			$	393,770			$	181,673
Diluted earnings per share (in dollars)		$	3.23			$	0.40			$	4.07			$	1.92
Net income from continuing operations		$	311,759			$	23,823			$	384,980			$	136,372
Capital expenditures from continuing operations		$	156,239			$	150,692			$	566,384			$	628,510

The following table reconciles total consolidated Net income to EBITDA.

		For the Three Months Ended December 31,								For the Years Ended December 31,
		2017				2016				2017				2016
		(In thousands)
Net income		$	313,814			$	38,930			$	393,489			$	180,692
Interest income and expense, net		46,465				35,587				172,621				102,237
Income tax (benefit) provision, net		(293,359		)		18,996				(284,286		)		80,254
Depreciation and amortization		142,251				108,161				522,190				432,904
Net income from discontinued operations		(2,055		)		(15,107		)		(8,509		)		(44,320		)
Net income attributable to noncontrolling interests		(577		)		(742		)		(928		)		(762		)
EBITDA		$	206,539			$	185,825			$	794,577			$	751,005

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Note on Use of Non-GAAP Financial Measures

EBITDA is defined as “Net income” excluding “Interest expense, net of amounts capitalized,” “Interest income,” “Income tax benefit (provision), net” and “Depreciation and amortization.” EBITDA is not a measure determined in accordance with US GAAP. This non-GAAP measure is reconciled to “Net income” in the table above. EBITDA should not be considered in isolation or as a substitute for operating income, net income or any other measure determined in accordance with GAAP. EBITDA is used by our management as a measure of operating efficiency and overall financial performance for benchmarking against our peers and competitors. Management believes EBITDA provides meaningful supplemental information regarding the underlying operating performance of our business. Management also believes that EBITDA is useful to investors because it is frequently used by securities analysts, investors, and other interested parties to evaluate the performance of companies in our industry.

The consolidated financial statements of EchoStar for the periods ended December 31, 2017 and 2016 are attached to this press release. Detailed financial data and other information are available in EchoStar’s Annual Report on Form 10-K for the period ended December 31, 2017 filed today with the Securities and Exchange Commission.

EchoStar will host its earnings conference call on Thursday, February 22, 2018 at 11:00 a.m. Eastern Time. The call-in numbers are (877) 815-1625 (toll-free) and (716) 247-5178 (international), Conference ID # 2186058.

About EchoStar Corporation

EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communications solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments.

Safe Harbor Statement under the US Private Securities Litigation Reform Act of 1995

This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “project,” “plans,” and similar expressions and the use of future dates are intended to identify forward‑looking statements. Although management believes that the expectations reflected in these forward‑looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. We assume no responsibility for the accuracy of forward-looking statements or information or for updating forward-looking information or statements. These statements are subject to certain risks, uncertainties, and assumptions. See “Risk Factors” in EchoStar’s Annual Report on Form 10-K for the period ended December 31, 2017, filed today with the Securities and Exchange Commission and in the other documents EchoStar files with the Securities and Exchange Commission from time to time.

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Contact Information

EchoStar Investor Relations	EchoStar Media Relations
Deepak V. Dutt Phone: +1 301-428-1686 Email: deepak.dutt@echostar.com	Dan Brown Phone: +1 301-601-7216 Email: dan.brown@echostar.com

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ECHOSTAR CORPORATION

Consolidated Balance Sheets

		As of December 31,
		2017					2016
Assets
Current Assets:
Cash and cash equivalents		$	2,431,456				$	2,570,365
Marketable investment securities, at fair value		814,161					522,516
Trade accounts receivable, net of allowance for doubtful accounts of $12,027 and $12,956, respectively		196,840					182,527
Trade accounts receivable - DISH Network, net of allowance for doubtful accounts of zero		43,295					19,417
Inventory		83,595					62,620
Prepaids and deposits		54,533					43,456
Other current assets		91,574					10,862
Current assets of discontinued operations		97					311,524
Total current assets		3,715,551					3,723,287
Noncurrent Assets:
Property and equipment, net of accumulated depreciation of $2,661,129 and $2,598,492, respectively		3,465,471					3,398,195
Regulatory authorizations, net		536,936					544,633
Goodwill		504,173					504,173
Other intangible assets, net		58,955					80,734
Investments in unconsolidated entities		161,427					171,016
Other receivable - DISH Network		92,687					90,586
Other noncurrent assets, net		214,814					179,311
Noncurrent assets of discontinued operations		—					316,924
Total noncurrent assets		5,034,463					5,285,572
Total assets		$	8,750,014				$	9,008,859
Liabilities and Stockholders’ Equity
Current Liabilities:
Trade accounts payable		$	108,406				$	170,297
Trade accounts payable - DISH Network		4,753					1,072
Current portion of long-term debt and capital lease obligations		40,631					32,984
Deferred revenue and prepayments		65,959					59,989
Accrued interest		47,616					46,487
Accrued compensation		47,756					53,454
Accrued expenses and other		98,227					95,726
Current liabilities of discontinued operations		542					71,429
Total current liabilities		413,890					531,438
Noncurrent Liabilities:
Long-term debt and capital lease obligations, net of unamortized debt issuance costs		3,594,213					3,622,463
Deferred tax liabilities, net		436,023					746,667
Other noncurrent liabilities		128,503					90,785
Noncurrent liabilities of discontinued operations		—					10,701
Total noncurrent liabilities		4,158,739					4,470,616
Total liabilities		4,572,629					5,002,054
Commitments and Contingencies (Note 16)
Stockholders’ Equity:
Preferred stock, $.001 par value, 20,000,000 shares authorized:
Hughes Retail Preferred Tracking Stock, $.001 par value, zero authorized, issued and outstanding at December 31, 2017 and 13,000,000 shares authorized and 6,290,499 issued and outstanding at December 31, 2016		—					6
Common stock, $.001 par value, 4,000,000,000 shares authorized:
Class A common stock, $.001 par value, 1,600,000,000 shares authorized, 53,663,859 shares issued and 48,131,541 shares outstanding at December 31, 2017 and 52,243,465 shares issued and 46,711,147 shares outstanding at December 31, 2016		54					52
Class B convertible common stock, $.001 par value, 800,000,000 shares authorized, 47,687,039 shares issued and outstanding at each of December 31, 2017 and 2016		48					48
Class C convertible common stock, $.001 par value, 800,000,000 shares authorized, none issued and outstanding at each of December 31, 2017 and 2016		—					—
Class D common stock, $.001 par value, 800,000,000 shares authorized, none issued and outstanding at each of December 31, 2017 and 2016		—					—
Additional paid-in capital		3,669,461					3,828,677
Accumulated other comprehensive loss		(130,154			)		(124,803			)
Accumulated earnings		721,316					314,247
Treasury stock, at cost		(98,162			)		(98,162			)
Total EchoStar stockholders’ equity		4,162,563					3,920,065
Noncontrolling interest in HSS Tracking Stock		—					73,910
Other noncontrolling interests		14,822					12,830
Total stockholders’ equity		4,177,385					4,006,805
Total liabilities and stockholders’ equity		$	8,750,014				$	9,008,859

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ECHOSTAR CORPORATION

Consolidated Statements of Operations

(In thousands)

			For the Years Ended December 31,
			2017				2016					2015
Revenue:
Services and other revenue - other		$		1,200,321			$	1,100,828				$	1,093,674
Services and other revenue - DISH Network		445,698					463,442					532,162
Equipment revenue - other		239,199					237,356					212,269
Equipment revenue - DISH Network		290					8,840					10,752
Total revenue			1,885,508				1,810,466					1,848,857
Costs and Expenses:
Cost of sales - services and other (exclusive of depreciation and amortization)		546,327					521,220					574,400
Cost of sales - equipment (exclusive of depreciation and amortization)		212,170					203,965					195,360
Selling, general and administrative expenses		366,007					325,044					318,136
Research and development expenses		31,745					31,170					26,377
Depreciation and amortization		522,190					432,904					460,819
Impairment of long-lived assets			10,762				—					—
Total costs and expenses			1,689,201				1,514,303					1,575,092
Operating income			196,307				296,163					273,765
Other Income (Expense):
Interest income		44,619					21,244					10,388
Interest expense, net of amounts capitalized		(217,240			)		(123,481			)		(121,995			)
Gains (losses) on investments, net		56,751					9,767					(6,443			)
Other-than-temporary impairment loss on available-for-sale securities		(3,298			)		—					(11,226			)
Equity in earnings (losses) of unconsolidated affiliates, net		16,973					10,802					(2,477			)
Other, net		6,582					2,131					(2,685			)
Total other expense, net			(95,613		)		(79,537			)		(134,438			)
Income from continuing operations before income taxes		100,694					216,626					139,327
Income tax benefit (provision), net		284,286					(80,254			)		(51,235			)
Net income from continuing operations			384,980				136,372					88,092
Net income from discontinued operations			8,509				44,320					61,279
Net income			393,489				180,692					149,371
Less: Net loss attributable to noncontrolling interest in HSS Tracking Stock			(655		)		(944			)		(5,603			)
Less: Net income attributable to other noncontrolling interests			1,583				1,706					1,617
Net income attributable to EchoStar			392,561				179,930					153,357
Less: Net loss attributable to Hughes Retail Preferred Tracking Stock			(1,209		)		(1,743			)		(10,343			)
Net income attributable to EchoStar common stock		$		393,770			$	181,673				$	163,700
Amounts attributable to EchoStar common stock:
Net income from continuing operations			$	385,261			$	137,353				$	102,421
Net income from discontinued operations			8,509				44,320					61,279
Net income attributable to EchoStar common stock			$	393,770			$	181,673				$	163,700
Weighted-average common shares outstanding - Class A and B common stock:
Basic		95,425					93,795					92,397
Diluted		96,741					94,410					93,466
Earnings per share - Class A and B common stock:
Basic:
Continuing operations		$		4.04			$	1.46				$	1.11
Discontinued operations		0.09					0.48					0.66
Total basic earnings per share		$		4.13			$	1.94				$	1.77
Diluted:
Continuing operations		$		3.98			$	1.45				$	1.10
Discontinued operations		0.09					0.47					0.65
Total diluted earnings per share		$		4.07			$	1.92				$	1.75

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ECHOSTAR CORPORATION

Consolidated Statements of Cash Flows

(In thousands)

		For the Years Ended December 31,
		2017					2016					2015
Cash Flows from Operating Activities:
Net income		$	393,489				$	180,692				$	149,371
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization		533,849					495,068					528,158
Impairment of long-lived assets		10,762					—					2,400
Equity in earnings of unconsolidated affiliates, net		(15,814			)		(13,310			)		(1,895			)
Losses (gains) and impairment on marketable investment securities, net		(53,453			)		(9,767			)		17,669
Loss from partial redemption of debt		—					—					5,044
Stock-based compensation		10,103					15,234					21,839
Deferred tax provision (benefit)		(288,577			)		98,148					56,132
Dividends received from unconsolidated entities		19,000					15,000					5,000
Proceeds from sale of trading securities		8,922					7,140					380
Changes in current assets and current liabilities, net:
Trade accounts receivable, net		421					(26,942			)		(38,452			)
Trade accounts receivable - DISH Network		235,227					(1,456			)		(25,490			)
Inventory		(19,291			)		(4,814			)		(4,906			)
Other current assets		(15,352			)		2,263					6,499
Trade accounts payable		(78,419			)		(24,571			)		37,228
Trade accounts payable - DISH Network		731					(19,650			)		(7,792			)
Accrued expenses and other		11,993					55,998					1,477
Changes in noncurrent assets and noncurrent liabilities, net		(36,975			)		9,459					1,616
Other, net		10,276					24,851					22,173
Net cash flows from operating activities		726,892					803,343					776,451
Cash Flows from Investing Activities:
Purchases of marketable investment securities		(855,717			)		(921,247			)		(536,430			)
Sales and maturities of marketable investment securities		578,051					1,001,166					1,057,034
Expenditures for property and equipment		(583,211			)		(722,341			)		(809,270			)
Refunds and other receipts related to capital expenditures		4,311					24,087					105,750
Sale of investment in unconsolidated entity		17,781					—					—
Investments in unconsolidated entities		—					(1,636			)		(64,655			)
Expenditures for externally marketed software		(31,331			)		(23,252			)		(22,327			)
Other, net		2,114					10,956					(5,413			)
Net cash flows from investing activities		(868,002			)		(632,267			)		(275,311			)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt		—					1,500,000					—
Payments of debt issuance costs		(414			)		(7,097			)		—
Repayment of 6 1/2% Senior Secured Notes Due 2019 and related premium		—					—					(113,300			)
Repayment of debt and capital lease obligations		(37,670			)		(40,364			)		(44,804			)
Net proceeds from Class A common stock options exercised		35,536					13,065					24,841
Net proceeds from Class A common stock issued under the Employee Stock Purchase Plan		8,758					14,367					13,888
Cash exchanged for Tracking Stock		(651			)		—					—
Other, net		(5,487			)		(4,282			)		(882			)
Net cash flows from financing activities		72					1,475,689					(120,257			)
Effect of exchange rates on cash and cash equivalents		1,351					138					(5,696			)
Net increase (decrease) in cash and cash equivalents		(139,687			)		1,646,903					375,187
Cash and cash equivalents, beginning of period		2,571,143					924,240					549,053
Cash and cash equivalents, end of period		$	2,431,456				$	2,571,143				$	924,240
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest (including capitalized interest)		$	259,632				$	172,707				$	179,114
Capitalized interest		$	52,015				$	94,395				$	63,808
Cash paid for income taxes		$	11,033				$	11,700				$	6,394
Employee benefits paid in Class A common stock		$	11,200				$	11,126				$	10,711
Property and equipment financed under capital lease obligations		$	8,484				$	7,652				$	8,604
Increase (decrease) in capital expenditures included in accounts payable, net		$	(3,831		)		$	3,054				$	(7,123		)
Transfer of EchoStar 105/SES-11 payloads to SES in exchange for receivable		$	77,524				$	—				$	—
Capitalized in-orbit incentive obligations		$	43,890				$	—				$	—
Noncash net assets exchanged for Tracking Stock		$	299,888				$	—				$	—

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