U.S. Energy reports FY2024 net loss $25.8M, production down 34% YoY, pivots to industrial gas

US ENERGY CORP

Revenue $20.6M, down 36% YoY; net loss $25.8M ($0.96 diluted EPS) on $11.9M impairment.
Full-year production averaged 1,136 Boe/d (down 34% YoY); oil 702 Bbl/d; LOE $26.83/Boe.
Adjusted EBITDA $3.6M; ended year with $7.7M cash, zero debt, $27.7M liquidity.
Divested non-core assets for $13.5M; advanced Montana industrial gas project with 160k+ acres.
Subsequent to year end, raised $12.1M net in equity offering; extended $5M buyback to June 2026.

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