secwatch.observer — SEC 8-K summary
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Issuer:     US ENERGY CORP (USEG)
CIK:        0000101594
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031414
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Energy Q3 net income $4.1M ($0.16 EPS); revenue $11.8M; production 1,752 Boe/d
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- Net income of $4.1M ($0.16 diluted EPS); cash from ops $4.7M; Adjusted EBITDA $3.1M (ex-hedges).
- Revenue $11.8M, down from $13.5M in Q2; operating margin 27% vs 40% due to $1.3M one-time maintenance.
- Daily production 1,752 Boe/d; closed $11.8M East Texas acquisition July 28 with 1.3M Boe proved reserves.
- Debt $12.5M on revolver, cash $3.1M; declared $0.0225/share dividend payable Nov 22 (record Nov 8).
- Management expects sequential growth in Q4 production, EBITDA, and free cash flow with no planned maintenance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101594/000149315222031414/0001493152-22-031414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101594/000149315222031414/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031414

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