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Stock impact report

U.S. Energy Corp. Reports Financial and Operating Results for Third Quarter 2024

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: GlobeNewswire
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in the development and operation of high-quality producing energy and industrial gas assets, today reported financial and operating results for the three months ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Initiated drilling operations on U.S. Energy’s first industrial gas well, with independent laboratory analysis confirming high-quality helium concentrations of up to 1.5% in non-hydrocarbon-based gas streams.Closed divestiture of South Texas properties for $6.5 million in July 2024.Closed divestiture of Kansas properties for $1.2 million in October 2024.Fully repaid the outstanding balance under the credit facility, positioning the Company as debt-free.Net daily production of 1,149 barrels of oil equivalent per day (“Boe/d”) (58% oil).Adjusted EBITDA of $1.8 million.Continued share repurchase program, increa Show less Read more
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