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U.S. Energy Corp. - $USEG STOCK NEWS

Welcome to our dedicated page for U.S. Energy news (Ticker: $USEG), a resource for investors and traders seeking the latest updates and insights on U.S. Energy stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect U.S. Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of U.S. Energy's position in the market.

Rhea-AI Summary

U.S. Energy Corp. (NASDAQ: USEG) announced its first quarter 2024 results conference call date, scheduled for May 10, 2024, to discuss financial results, recent events, and conduct a Q&A session. The company will release Q1 2024 results on May 9, 2024, after the market closes.

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U.S. Energy Corp (NASDAQ: USEG) will be participating in the EF Hutton Global Conference on May 15, 2024, in New York City. The Chief Executive Officer, Ryan Smith, will host meetings with investors. U.S. Energy is open for one-on-one and group meetings during the conference.

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1.71%
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Rhea-AI Summary
U.S. Energy (USEG) reported financial and operating results for 2023, highlighting total daily production, revenue, lease operating expenses, and adjusted EBITDA. The company ended the year with an outstanding debt balance, cash balance, and liquidity. Management comments emphasized value creation and growth initiatives. The shareholder returns program update discussed share repurchase activities and the extension of the program. The balance sheet update detailed debt outstanding, borrowing base, availability, and cash balance. Production and pricing updates for 2023 and the fourth quarter were provided, along with financial and operating summaries. Reserves summary, hedge summary, and conference call details were also included.
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-7.02%
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U.S. Energy Corp. (USEG) to Release Q4 and Year End 2023 Results, Conduct Conference Call
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0.98%
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U.S. Energy Corp. extends its share repurchase program, allowing the purchase of up to $5.0 million of its outstanding shares until June 30, 2025. Approximately $4.2 million remains available for future repurchases. The decision is based on various factors, including capital needs, stock price, and market conditions.
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0.98%
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U.S. Energy Corp (USEG) to participate in Sidoti Virtual Small Cap Conference on March 14, 2024. CEO Ryan Smith to present and host investor meetings.
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U.S. Energy Corp. (Nasdaq: USEG) announced the completion of non-core asset divestitures, generating approximately $7.2 million in all-cash proceeds. The company used the proceeds to reduce existing debt, leaving U.S. Energy materially debt-free. The divested assets represented legacy properties and allowed for additional corporate overhead savings. U.S. Energy also provided updates on its balance sheet, liquidity, and hedging program, indicating a strong position for 2024.
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1.92%
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U.S. Energy Corporation (NASDAQ: USEG) reported a 6% decrease in net daily production, oil production representing 66% of total production, and a 23% decrease in lease operating expense. Third-quarter 2023 financial results showed a decline in revenue primarily due to a 21% decline in realized prices. The company also reported a net loss of $8.8 million. U.S. Energy initiated a formal review process to evaluate strategic alternatives.
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U.S. Energy Corporation (USEG) reported strong operational performance in Q2 2023, with record net daily production and a 10% increase in oil production. The company also initiated a share repurchase program and reported a net loss of $2.5 million. The balance sheet showed a debt outstanding of $12.0 million and a cash balance of approximately $1.2 million.
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U.S. Energy Corp.

Nasdaq:USEG

USEG Rankings

USEG Stock Data

31.40M
3.48M
68.78%
29.83%
0.05%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
HOUSTON

About USEG

u.s. energy corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the united states. it holds interests in various oil and gas properties primarily in north dakota and south texas. the company was founded in 1966 and is based in houston, texas.