U.S. Energy Corp. Reports Financial and Operating Results for First Quarter 2024
U.S. Energy Corp. (USEG)
US:NASDAQ Investor Relations:
usedc.com/financial-advisors-investors
Company Research
Source: GlobeNewswire
HOUSTON, May 09, 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 months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS Net daily production of 1,207 barrels of oil equivalent per day (“Boe/d”);Oil production of 68,599 barrels, or 62% of total production;Lease Operating Expense of $3.2 million, or $29.02 per Boe, a 28% and 2% decrease, respectively, from first quarter of 2023;Adjusted EBITDA of $0.2 million;Repurchased approximately 0.3 million shares of common stock, representing nearly 1.5% of outstanding shares, for approximately $0.3 million;Ended the quarter with an outstanding debt balance of $5.0 million, $2.0 million of cash, and total liquidity of $17.0 million. MANAGEMENT COMMENTS "I’m pleased with U.S. Energy’s first quarter, with our ope
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- U.S. Energy Corp. Provides Corporate Update including Commencement of Development Program and Complete Debt RepaymentGlobeNewswire
- U.S. Energy Corp. to Present at the Emerging Growth Conference on September 25, 2024GlobeNewswire
- Presenting on the Emerging Growth Conference 75 Day 1 on September 25 Register NowGlobeNewswire
- 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
- 9/27/24 - Form 4
- 9/25/24 - Form 4
- 9/25/24 - Form 8-K
- USEG's page on the SEC website