---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031625"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:33:58.035730+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy Corp. reports Q3 net loss, initiates strategic alternatives review

## Summary
- Net loss of $8.8M ($0.35 diluted EPS) vs net income of $4.1M ($0.16) in Q3 2022.
- Adjusted EBITDA fell to $1.6M from $3.1M in Q3 2022; revenue down 26% to $8.7M.
- Q3 production averaged 1,652 Boe/d, a 6% decrease YoY; oil represented 66% of production.
- Board formally initiates review of strategic alternatives; no definitive timetable set.
- Debt outstanding $12M on credit facility, cash $2.0M as of Sept 30, 2023.

## SEC filing metadata
- accession: 0001437749-23-031625
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774923031625/0001437749-23-031625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774923031625/useg20230915_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031625
- JSON: https://secwatch.observer/filing/0001437749-23-031625.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031625.txt

## Key facts
- Earnings Releases
  US ENERGY CORP reported financial results for the three months ended September 30, 2023.
  - Period: the three months ended September 30, 2023
  - Result: reported results
  source text: On November 13, 2023, U.S. Energy Corp. (“ U.S. Energy ” or the “ Company ”) issued a press release regarding its financial results for the three months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101594/000143774923031625/0001437749-23-031625-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.