secwatch.observer — SEC 8-K summary
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Issuer:     US ENERGY CORP (USEG)
CIK:        0000101594
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001493152-23-016404
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101594/000149315223016404/0001493152-23-016404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101594/000149315223016404/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-016404

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer