U.S. Energy Corp posts FY2023 net loss $32.4M; revenue $32.3M, production 1,711 Boe/d

US ENERGY CORP

Full-year 2023 net loss $32.4M ($1.28/share) including $26.7M impairment; adjusted EBITDA $5.0M.
Full-year revenue $32.3M (-27% YoY), production avg 1,711 Boe/d; oil sales $28.4M.
Q4 2023 revenue $7.3M, production avg 1,509 Boe/d; adjusted EBITDA $1.4M; lease op cost $22.38/Boe.
Divested non-core assets for $7.3M in Q4; used proceeds for debt paydown and share repurchases.
Extended $5M share repurchase program to June 2025; repurchased 0.6M shares at avg $1.18.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

US ENERGY CORP reported three and twelve months ended December 31, 2023 results: revenue $32.3 million.

Period: three and twelve months ended December 31, 2023
Revenue: $32.3 million
Result: reported results

Exact text from the filing

twelve months ended December 31, 2023 . FULL YEAR 2023 HIGHLIGHTS ● Total daily production in 2023 averaged 1,711 Boe/d; oil production averaged 1,073 Bbl/d. ● Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million. ● Lease operating expense of $15.3 million , or $24.43 per Boe, a 8% and 9% decrease ,

View on SEC.gov

326 earnings releases filed in the last 30 days. Browse all earnings releases →

US ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-009425

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.