secwatch.observer — SEC 8-K summary
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Issuer:     US ENERGY CORP (USEG)
CIK:        0000101594
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-027973
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101594/000149315223027973/0001493152-23-027973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101594/000149315223027973/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027973

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