earnings
confidence high
sentiment negative
materiality 0.65
U.S. Energy Q3 net loss $3.3M, revenue down 66%; drills two new industrial gas wells
US ENERGY CORP
- Net loss of $3.3M ($0.10 diluted loss) vs adjusted EBITDA of -$1.3M; prior-year Q3 adjusted EBITDA was +$1.9M.
- Q3 revenue $1.7M, down 66% YoY from $5.0M, reflecting 2024 divestiture program; oil sales 91% of revenue.
- Drilled two industrial gas wells; three wells combined peak 12.2 MMcf/d with ~0.5% He and 85% CO₂.
- Design of initial gas processing facility finalized; construction to start early 2026 on 80-acre site in Montana.
- Zero debt; cash $1.4M and $10M credit facility available, total liquidity $11.4M as of Sep 30, 2025.