{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-036181","form_type":"8-K","ticker":"USEG","cik":"0000101594","company_name":"US ENERGY CORP","filed_at":"2026-11-10T21:25:28+00:00","discovered_at":"2026-11-10T21:26:00.236471+00:00","generated_at":"2026-11-10T21:26:07.479992+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Big Sky Industrial Q3 revenue up 12% to $2.0M; net loss $3.5M; Phase 1 helium plant on track for spring 2027","bullets":["Q3 2026 revenue $2.0M (93% oil) vs $1.7M a year ago; realized price $63.83/BOE vs $49.20; production fell to 30,628 BOE from 35,326.","Net loss $3.5M (-$0.07/share) vs -$3.3M (-$0.10); Adjusted EBITDA -$0.8M vs -$1.3M; LOE $2.1M included $1.2M remediation for a produced-fluids release.","Phase 1 fabrication underway under fixed-scope EPC with CANUSA EPC; plant designed for ~14 MMcf/yr helium and ~125,000 metric tons CO2/yr; install late Q4 2026 into Q1 2027.","Five-year 100% take-or-pay helium sale at $285/Mcf at the plant gate, CPI escalation from March 1, 2028 and a year-three price redetermination; first sales targeted spring 2027.","Cash $2.9M and total liquidity $14.4M ($11.5M undrawn); total debt $8.5M; pursuing a larger senior secured facility and 45Q credit monetization; Big Rose MRV in final EPA approval stage."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-036181","json":"https://secwatch.observer/filing/0001437749-26-036181.json","markdown":"https://secwatch.observer/filing/0001437749-26-036181.md","text":"https://secwatch.observer/filing/0001437749-26-036181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/101594/000143774926036181/0001437749-26-036181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/101594/000143774926036181/bsin20260901_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T21:26:07.479992+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}