---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-016404"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:19:54.991517+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-016404
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000149315223016404/0001493152-23-016404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000149315223016404/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016404
- JSON: https://secwatch.observer/filing/0001493152-23-016404.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016404.txt

## Key facts
- Earnings Releases
  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
  source text: U.S. Energy reported total oil and gas sales of approximately $8.3 million for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/101594/000149315223016404/0001493152-23-016404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.