Welcome to our dedicated page for US Enrgy news (Ticker: USEG), a resource for investors and traders seeking the latest updates and insights on US Enrgy stock.
U.S. Energy Corp. (NASDAQ: USEG) news coverage centers on its evolution as a U.S.-based energy company with a growing industrial gas and carbon management platform. Company releases describe a shift from a portfolio of onshore oil and natural gas properties toward a strategy that combines hydrocarbon production with industrial gas development and CO₂ sequestration, particularly at the Kevin Dome in Montana.
Investors following USEG news will find regular quarterly updates on financial and operating results, including proved developed producing reserves, hydrocarbon production volumes, and the impact of asset divestitures on the company’s portfolio. These releases also discuss lease operating expenses, general and administrative costs, and non-GAAP measures such as Adjusted EBITDA, along with commentary on how proceeds from asset sales and equity offerings are being allocated.
Operational news highlights include drilling and testing of industrial gas wells in the CO₂- and helium-bearing Duperow Formation, progress on the design and construction planning of an initial gas processing facility, and the build-out of gathering systems and injection infrastructure. U.S. Energy also reports on acquisitions of acreage and Class II injection wells in Montana that it views as important to its CCUS-enabled industrial gas platform.
Regulatory and capital markets updates appear in the form of announcements about conference participation, underwritten equity offerings, share repurchase activity, and agreements such as the Common Stock Purchase Agreement with Roth Principal Investments. Earnings call and conference call notices provide timing details for investors who want to hear management discuss recent results and development plans. For a consolidated view of these developments, this news page brings together U.S. Energy’s press releases and related disclosures in one place.
U.S. Energy Corp. (NASDAQ: USEG) will release its third quarter 2022 financial results on November 10, 2022, after market close. A conference call to discuss these results is scheduled for November 11, 2022, at 8:30 a.m. ET. Investors can access the call via a live webcast on the company's website, and participate via phone using specific domestic and international numbers. U.S. Energy focuses on operating mature, low decline energy assets and aims to provide capital returns to shareholders. Important factors affecting future results are also highlighted, including risks related to oil price fluctuations and operational challenges.
U.S. Energy Corp. (NASDAQCM: USEG) has declared a cash dividend of $0.0225 per share on its common stock. This dividend is set to be paid on November 22, 2022, to stockholders who are on record as of the close of business on November 8, 2022. The Company continues to focus on capital returns to shareholders through a portfolio of low decline energy assets.
U.S. Energy Corp. (USEG) reported a strong second quarter for 2022, achieving revenues of $13.5 million, a remarkable 714% increase from 2021. The company produced 162,230 BOE (1,783 BOEPD), up 406% year-over-year. Proved Developed Producing reserves reached 8.0 Mmboe with a PV-10 value of $167.1 million. The company announced a successful acquisition of gas-weighted assets worth $11.875 million in Texas, bolstering its production capacity. Shareholders will receive a dividend of $0.0225 per share on August 22, 2022, underscoring U.S. Energy's commitment to returns.
U.S. Energy Corp. (NASDAQCM: USEG) has completed the acquisition of operated oil and gas properties in Texas for $11.875 million. This acquisition is expected to enhance the company's production base and free cash flow profile. CEO Ryan Smith emphasized that it diversifies their commodity mix, allowing better capital allocation to high-return projects. U.S. Energy remains focused on disciplined capital management and maintaining shareholder returns through internally generated cash flow.
U.S. Energy Corp. (NASDAQCM: USEG) announced a cash dividend of $0.0225 per share, payable on August 22, 2022, to stockholders of record by August 8, 2022. This move reflects the company's commitment to delivering shareholder value while managing a portfolio of mature, low decline assets. U.S. Energy aims to sustain a strong capital returns program, enhancing investor confidence and supporting long-term growth objectives.
U.S. Energy Corp. (NASDAQCM: USEG) announced an agreement to acquire operated oil and gas properties in East Texas for $11.8 million. The acquisition includes approximately 16,600 net acres and is projected to add $22.7 million in Proved Developed Producing PV-10 reserves. With an average net production of 418 barrels of oil equivalent per day, the transaction is expected to enhance U.S. Energy's cash flow and maintain a low leverage balance sheet. Closing is anticipated in July 2022, with the deal funded by cash on hand and borrowings.
U.S. Energy Corp. (NASDAQCM: USEG) is set to participate in the Louisiana Energy Conference from June 1-3, 2022, in New Orleans. CEO Ryan Smith will host one-on-one investor meetings and take part in a panel discussion. An investor deck for the conference will be available on the company’s website, www.usnrg.com.
U.S. Energy focuses on consolidating high-quality producing assets in the U.S. to optimize production and generate free cash flow, while committing to ESG stewardship and reducing carbon footprints.
U.S. Energy Corp. (NASDAQCM: USEG) reported a significant increase in first-quarter 2022 results, with revenues of $8.9 million, up 633% year-over-year. Production reached 120,712 BOE, averaging 1,341 BOEPD, a 366% increase compared to Q1 2021. The company closed a major acquisition valued at $88.7 million in January 2022 and initiated a $0.0225 per share dividend. Despite a net loss of $3.4 million, adjusted EBITDA was reported at $4.1 million, reflecting strong cash flow generation. U.S. Energy aims to continue shareholder returns and asset growth.
U.S. Energy Corp. (NASDAQCM: USEG) announced the acquisition of operated oil and gas properties in Liberty County, TX, for $1.0 million in cash. The acquired properties, effective from April 1, 2022, are estimated to have Proved Developed Producing (PDP) reserves of approximately 88,510 barrels of oil and a PV-10 value of $2.3 million. This acquisition aligns with U.S. Energy's strategy to consolidate cash-flowing assets and enhance operational efficiencies in existing areas, further bolstered by the Panther City Pipeline, which offers prospects for gas sales.
U.S. Energy Corp. (NASDAQCM: USEG) reported significant growth for 2021, with revenues soaring by 186% to $6.7 million and production escalating by 55% to 123,165 BOE. The fourth quarter also demonstrated strong results, with a 148% revenue increase to $2.0 million. The company declared a quarterly cash dividend of $0.0225 per share, set for payment on May 2, 2022, to shareholders of record as of April 15, 2022. Management emphasized a strategy focused on opportunistic growth and shareholder returns, supported by a robust cash flow generation from recent acquisitions.
FAQ
What is the current stock price of US Enrgy (USEG)?
What is the market cap of US Enrgy (USEG)?
