---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-034311"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:29:40.233768+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy Q3 net loss $2.2M, turns debt-free; helium drilling begins

## Summary
- Net loss $2.2M ($0.08/share) on revenue $5.0M, down from $8.7M YoY on asset sales.
- Adjusted EBITDA $1.8M, up from $1.7M; production averaged 1,149 Boe/d (58% oil).
- Divested South Texas ($6.5M, Jul) and Kansas ($1.2M, Oct); repaid $7M credit facility, now debt-free with $21.2M liquidity.
- Drilled first Montana industrial gas well; helium concentrations up to 1.5% in nitrogen-based formation.
- Share repurchases: 0.9M shares (~3% of outstanding) at avg $1.17/share.

## SEC filing metadata
- accession: 0001437749-24-034311
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774924034311/0001437749-24-034311-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774924034311/useg20240903_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-034311
- JSON: https://secwatch.observer/filing/0001437749-24-034311.json
- Plain text: https://secwatch.observer/filing/0001437749-24-034311.txt

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