U.S. Energy Q1 net loss $1.2M; revenue down 7% to $8.3M; production +29% YoY

US ENERGY CORP

2023-Q1 EPS reported -$0.05 revenue$8,272,000

Net loss $1.2M ($0.05 per share); adjusted EBITDA $1.2M.
Revenue $8.3M, down from $8.9M YoY; realized price fell 28% to $53.25/Boe.
Daily production 1,726 Boe/d (+29% YoY); oil 59% of total volumes.
Lease operating expense $4.5M ($29.12/Boe) up from $22.66/Boe due to unplanned maintenance.
Board authorized $5M share repurchase; quarterly dividend $0.0225/share declared May 30.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

US ENERGY CORP reported three months ended March 31, 2023 results: revenue $8.3 million, net income net loss of $1.2 million, EPS loss of $0.05 per diluted share.

Period: three months ended March 31, 2023
Revenue: $8.3 million
Net income: net loss of $1.2 million
EPS: loss of $0.05 per diluted share
Result: reported results

Exact text from the filing

U.S. Energy reported total oil and gas sales of approximately $8.3 million for the first quarter of 2023

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

US ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001493152-23-016404

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