{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-015701","form_type":"8-K","ticker":"USEG","cik":"0000101594","company_name":"US ENERGY CORP","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.893943+00:00","generated_at":"2026-06-02T04:38:44.213367+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"U.S. Energy Corp reports Q1 net loss of $9.5M; revenue down 35% YoY","bullets":["Net loss of $9.5M ($0.38/diluted share) vs net loss of $1.3M a year ago; includes $5.4M non-cash impairment.","Revenue of $5.4M, down from $8.3M in Q1 2023 due to asset divestiture, weather downtime, and 8% lower realized prices.","Production averaged 1,207 Boe/d; weather-related downtime of 125-150 Boe/d from East Texas/Gulf Coast flooding.","Adjusted EBITDA fell to $0.2M from $1.2M; lease operating expense improved 28% to $3.2M ($29.02/Boe).","Repurchased ~0.3M shares (1.5% of outstanding); ended Q1 with $2M cash, $5M debt, $17M liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-015701","json":"https://secwatch.observer/filing/0001437749-24-015701.json","markdown":"https://secwatch.observer/filing/0001437749-24-015701.md","text":"https://secwatch.observer/filing/0001437749-24-015701.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/101594/000143774924015701/0001437749-24-015701-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/101594/000143774924015701/useg20240325_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:38:44.213367+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":"9bc928fe10e1e94fb01edbb037d70e6bb0ef6a1f","claim":"US ENERGY CORP reported the three months ended March 31, 2024 results: revenue approximately $5.4 million, net income net loss of $9.5 million, or a loss of $0.38 per diluted share, EPS $0.38 per diluted share.","evidence_excerpt":"Natural gas and liquids (Mcfe) $ 2.69 $ 3.06 BOE $ 49.10 $ 53.26 First QUARTER 2024 FINANCIAL RESULTS Total oil and gas sales during the first quarter of 2024 were approximately $5.4 million , compared to $8.3 million in the first quarter of 2023 . The decrease in revenue was primarily due to a decrease in our production quantities related to the asset divestiture","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101594/000143774924015701/0001437749-24-015701-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"approximately $5.4 million"},{"label":"Net income","value":"net loss of $9.5 million, or a loss of $0.38 per diluted share"},{"label":"EPS","value":"$0.38 per diluted share"},{"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"}