{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-009425","form_type":"8-K","ticker":"USEG","cik":"0000101594","company_name":"US ENERGY CORP","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.110479+00:00","generated_at":"2026-06-04T07:34:40.195225+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"U.S. Energy Corp posts FY2023 net loss $32.4M; revenue $32.3M, production 1,711 Boe/d","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-009425","json":"https://secwatch.observer/filing/0001437749-24-009425.json","markdown":"https://secwatch.observer/filing/0001437749-24-009425.md","text":"https://secwatch.observer/filing/0001437749-24-009425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/101594/000143774924009425/0001437749-24-009425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/101594/000143774924009425/useg20231121_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:34:40.195225+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6623cb9e0a2ccadc956535a8b3f8e2bede55e11","claim":"US ENERGY CORP reported three and twelve months ended December 31, 2023 results: revenue $32.3 million.","evidence_excerpt":"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 ,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101594/000143774924009425/0001437749-24-009425-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and twelve months ended December 31, 2023"},{"label":"Revenue","value":"$32.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}