Welcome to our dedicated page for US Enrgy SEC filings (Ticker: USEG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The U.S. Energy Corp. (USEG) SEC filings page on Stock Titan aggregates the company’s regulatory disclosures, giving investors direct access to its official reports and transaction documents. As a Nasdaq-listed issuer, U.S. Energy files Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that describe its financial condition, reserves, industrial gas and oil operations, and material agreements.
Through these filings, the company details its onshore U.S. oil and natural gas activities and its industrial gas development at the Kevin Dome in Montana, including proved developed producing reserves, contingent helium and CO₂ resources, and CO₂ sequestration initiatives. Filings also describe key contracts such as the revolving credit agreement with a bank lender, amendments that adjust the borrowing base and maturity, and the Common Stock Purchase Agreement with Roth Principal Investments, which allows U.S. Energy to sell common stock up to a specified aggregate amount at its discretion.
Investors can use Forms 8-K to track events like quarterly earnings releases, credit facility amendments, and equity financing steps, as well as the Form S-1 registration statement that covers the resale of shares issued or issuable under the Roth Principal Investments agreement. These documents also incorporate third-party consents related to financial statement audits and reserve reports, providing context on how reserves and financial data are prepared.
On Stock Titan, AI-powered tools help interpret U.S. Energy’s filings by summarizing lengthy 10-K and 10-Q reports, highlighting key risk factors, and surfacing important items such as changes to credit terms, equity issuance capacity, and reserve disclosures. Users can also monitor new filings in near real time, including any future Forms 4 reporting insider transactions, to better understand how regulatory and capital markets developments may relate to USEG stock.
U.S. Energy Corp. is registering up to 24,100,000 shares of common stock for resale by Roth Principal Investments, LLC under a committed equity facility. The shares consist of 23,876,859 Purchase Shares the company may sell to Roth over time and 223,141 Commitment Shares already issued as consideration for Roth’s $25,000,000 purchase commitment.
The company is not selling shares directly in this offering and will receive no proceeds from Roth’s resales. It may, however, raise up to $25,000,000 in gross proceeds by selling Purchase Shares to Roth at a 2.5% discount to market VWAP under the Purchase Agreement, subject to pricing, volume, a 4.99% beneficial ownership cap, and a 19.99% Nasdaq “Exchange Cap” unless stockholders approve more issuance or price conditions are met.
As of October 9, 2025, U.S. Energy had 35,634,729 shares outstanding. If all 24,100,000 registered shares were issued, they would represent about 40% of shares outstanding and nearly 59% of the non-affiliate float, meaning potential substantial dilution. The company plans to use any net proceeds from sales to Roth primarily to develop its recent Montana industrial gas acquisition, and for general corporate purposes and working capital.
U.S. Energy Corp. entered into a 24-month Common Stock Purchase Agreement and Registration Rights Agreement with Roth Principal Investments, LLC that gives the company the option to sell up to
U.S. Energy Corp. amended its credit agreement with Firstbank Southwest, effective August 1, 2025, to extend the maturity of its revolving facility to May 31, 2029 and to lower the borrowing base to $10.0 million. The amendment also waived certain technical defaults tied to subsidiary status and the company’s prior reorganization, and updated schedules, addresses and other contractual items.
Revolving loans may be borrowed, repaid and re-borrowed through the new maturity date. Interest is based on the greater of prime or federal funds plus 0.50% plus an applicable margin of 0.25%–1.25% depending on utilization; failure to deliver required reserve reports sets the margin at 1.25%. The facility includes customary covenants and quarterly financial tests, including a total debt to EBITDAX limit of 3.0:1 beginning March 31, 2026 and a current ratio requirement of at least 1.0. The company reports it currently owes $0 under the credit agreement.
U.S. Energy Corp. (USEG) filed a Form 144 notifying the proposed sale of 188,913 common shares, with an aggregate market value of $217,249.95. The shares represent part of an outstanding base of 34,023,549 shares and are to be sold through Charles Schwab & Co. on the Nasdaq with an approximate sale date of 09/04/2025. The filer acquired these shares on 01/28/2021 as board fees from the issuer and the consideration was paid in cash. The filing reports no securities sold in the past three months by the account for which this notice is filed. The notice includes the standard attestation that the seller is not aware of undisclosed material adverse information about the issuer.
U.S. Energy Corp. (USEG) filed a Form 144 notifying a proposed sale of 173,913 common shares through Fidelity Brokerage Services with an aggregate market value of $212,173, approximately to be sold on 08/15/2025 on NASDAQ. The filing lists prior acquisitions by the selling person including multiple open-market purchases and stock awards between 2021 and 2025. The record also shows a sale of 45,000 shares on 06/17/2025 by Keys Randall D generating $103,950. The notice includes the seller’s representation that no undisclosed material adverse information is known.
U.S. Energy Corp. CEO and director Ryan L. Smith reported a purchase of 2,000 common shares on 08/13/2025 at $1.17 per share, bringing his direct holdings to 1,179,039 shares. The Form 4 discloses the transaction under code P and shows no derivative securities were reported. The filing is submitted by one reporting person and identifies Mr. Smith as both CEO and Director.
U.S. Energy Corp. furnished a press release reporting its financial results for the three months ended June 30, 2025, attached as Exhibit 99.1 to this Current Report.
The press release and accompanying presentation include references to non-GAAP financial measures and state that reconciliations to comparable GAAP measures are provided. The Current Report expressly contains customary forward-looking statements and a broad set of identified risks that could affect results, including increased inflation, interest rate pressure, possible recessions, the Company’s ability to comply with senior credit facility terms, oil and natural gas price volatility, uncertainties in reserve and production estimates, operational and drilling risks, acquisition and liquidity risks, and impacts related to COVID-19. The Company disclaims any obligation to update forward-looking statements except as required by law.
U.S. Energy Corp. reported weaker oil and natural gas results in the first half of 2025 driven by lower production and commodity prices. Total revenue for the six months ended June 30, 2025 was $4.22 million versus $11.44 million in the prior year period, producing a net loss of $9.17 million for six months and $6.06 million in the second quarter. Production declined about 56% year-over-year for the quarter to 48,816 BOE, and realized oil prices fell to about $55.14 per barrel in Q2.
The company preserved liquidity through an equity offering that generated approximately $11.9 million net proceeds in January 2025 and ended the period with $6.73 million in cash and $27.96 million of shareholders' equity. U.S. Energy completed a related-party acquisition of 24,000 net acres in Kevin Dome, Montana (consideration totaling about $4.7 million), drilled two industrial gas wells in Q2, recorded a $2.8 million ceiling-test impairment in Q2, and disclosed an expected additional write-down of $0.5 million to $1.5 million in Q3 2025. The company had no borrowings under its credit facility as of June 30, 2025.