US Energy Corp (OQ:USEG)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 1616 S. Voss, Suite 725
HOUSTON TX 77057
Tel: N/A
Website: https://usnrg.com
IR: See website
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Key People
Ryan Lewis Smith
President, Chief Executive Officer, Director
Mark Zajac
Chief Financial Officer, Principal Financial and Accounting Officer
 
Business Overview
U.S. Energy Corp. is an independent energy company. The Company is focused on the acquisition and development of oil and gas producing properties primarily in the United States. The Company's principal properties and operations are in the Rockies region (Montana, Wyoming and North Dakota), the Mid-Continent region (Oklahoma, Kansas, and North and East Texas), and the West Texas, South Texas, and Gulf Coast regions.
Financial Overview
For the nine months ended 30 September 2023, US Energy Corp revenues decreased 27% to $25M. Net loss totaled $12.6M vs. income of $848K. Revenues reflect Oil segment decrease of 22% to $21.9M. Net loss reflects Impairment of oil and natural gas proper increase from $0K to $6.5M (expense). Dividend per share decreased from $0.07 to $0.02. Basic Earnings per Share excluding Extraordinary Items decreased from $0.03 to -$0.49.
Employees: 39 as of Apr 12, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $40.99M as of Sep 30, 2023
Annual revenue (TTM): $35.37M as of Sep 30, 2023
EBITDA (TTM): $4.10M as of Sep 30, 2023
Net annual income (TTM): -$14.36M as of Sep 30, 2023
Free cash flow (TTM): $11.96M as of Sep 30, 2023
Net Debt Last Fiscal Year: $9.87M as of Sep 30, 2023
Shares outstanding: 27,065,645 as of Apr 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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