---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027973"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:53:25.772400+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy Q2 net loss $2.5M; record production 1,959 Boe/d, revenue down 41% YoY

## Summary
- Net loss of $2.5M ($0.10 diluted EPS) vs net income of $0.1M in Q2 2022; adjusted EBITDA $0.8M vs $5.1M.
- Record daily production 1,959 Boe/d, up 10% YoY; oil 114,900 bbls (64% of total).
- LOE $3.9M ($21.75/Boe), down 17% and 24% YoY respectively.
- Revenue $8.0M, down from $13.5M due to 46% lower realized prices.
- Initiated $5M share buyback, repurchased 163,300 shares at $1.48; dividend suspended.

## SEC filing metadata
- accession: 0001493152-23-027973
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000149315223027973/0001493152-23-027973-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000149315223027973/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027973
- JSON: https://secwatch.observer/filing/0001493152-23-027973.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027973.txt

## Key facts
- Earnings Releases
  US ENERGY CORP reported three months ended June 30, 2023 results: revenue Total oil and gas sales during the second quarter of 2023 were approximately $8.0 million, net income The Company reported a net loss of $2.5 million, or a loss of $0.10 per diluted share, in the second quarter of 2023, EPS loss of $0.10 per diluted share.
  - Period: three months ended June 30, 2023
  - Revenue: Total oil and gas sales during the second quarter of 2023 were approximately $8.0 million
  - Net income: The Company reported a net loss of $2.5 million, or a loss of $0.10 per diluted share, in the second quarter of 2023
  - EPS: loss of $0.10 per diluted share
  - Result: reported results
  source text: The Company reported a net loss of $2.5 million, or a loss of $0.10 per diluted share, in the second quarter of 2023, compared to net income of $0.1 million, or $0.00 per share, in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101594/000149315223027973/0001493152-23-027973-index.htm

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