U.S. Energy Corp. Reports Financial and Operating Results for Full Year and Fourth Quarter 2023
U.S. Energy Corp. (USEG)
US:NASDAQ Investor Relations:
usedc.com/financial-advisors-investors
Company Research
Source: GlobeNewswire
HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023. FULL YEAR 2023 HIGHLIGHTS Total daily production in 2023 averaged 1,711 Boe/d; oil production averaged 1,073 Bbl/d.Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million.Lease operating expense of $15.3 million, or $24.43 per Boe, a 8% and 9% decrease, respectively, from 2022.Oil and gas related capital expenditures of $3.4 million compared to $6.2 million in 2022.Generated Adjusted EBITDA, a non-GAAP measure, of $5.0 million for 2023.Ended the year with an outstanding debt balance of $5.0 million, $3.4 million of cash, total liquidity of $18.4 million, and net debt to Adjusted EBITDA
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News
- U.S. Energy Corp. (NASDAQ: USEG) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- U.S. Energy Corp. (NASDAQ: USEG) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- JJ Watt Three-Time NFL Defensive Player of the Year & Walter Payton NFL Man of the Year Headlines 2024 U.S. Venture Open [Yahoo! Finance]Yahoo! Finance
- U.S. Energy Corp. (NASDAQ: USEG) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- U.S. Energy Corp. (NASDAQ: USEG) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
USEG
Sec Filings
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form DEF
- 4/17/24 - Form ARS
- USEG's page on the SEC website