US Enrgy Stock Price, News & Analysis

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.

U.S. Energy Corp. (NASDAQCM: USEG) reported year-end 2021 SEC total estimated proved reserves of approximately 1.3 MMBoe and PV-10 of $20.6 million. After recent acquisitions finalized on January 5, 2022, total proved reserves grew to 6.0 MMBoe with a PV-10 of $109.8 million. CEO Ryan Smith noted 2021 as a transformative year, emphasizing diversified assets that generate cash flow and support consolidation initiatives. Year-end figures show significant increases in developed oil and gas reserves compared to 2020, reflecting a robust strategic position for 2022.