U.S. Energy ( (USEG) ) has released its Q3 earnings. Here is a breakdown of the information U.S. Energy presented to its investors.
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U.S. Energy Corp., a Delaware-based company, is engaged in the acquisition, exploration, and development of helium, carbon dioxide, hydrocarbons, and oil and natural gas properties across the United States. The company operates within the energy sector, focusing on both industrial gases and traditional oil and gas resources.
In its latest earnings report for the quarter ending September 30, 2025, U.S. Energy Corp. reported a net loss of $3.3 million, compared to a $2.2 million loss in the same period last year. The company’s total revenue decreased significantly to $1.7 million from $4.9 million in the previous year, reflecting a challenging market environment.
Key financial metrics reveal a decline in both oil and natural gas revenues, with oil revenue dropping to $1.6 million from $4.4 million, and natural gas and liquids revenue falling to $151,000 from $582,000 year-over-year. Operating expenses also saw a reduction, yet the company faced impairments on its oil and natural gas properties amounting to $869,000 for the quarter. Despite these challenges, U.S. Energy Corp. managed to raise approximately $11.9 million from a public offering to support its strategic initiatives.
Looking ahead, U.S. Energy Corp. remains focused on its strategic goals, including the development of its recent acquisitions in Montana and exploring potential acquisition opportunities. The management is optimistic about leveraging its existing assets and new capital to navigate the volatile energy market and improve its financial performance in the coming quarters.