10-K - U.S. Energy Corp. | StockGist

AI Analysis

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U.S. Energy Corp. reported a net loss of $14.4 million for FY 2025, driven by a 64% year-over-year revenue decline to $7.4 million from $20.6 million in 2024. The revenue decrease resulted from a 60% reduction in production volumes (164,752 BOE vs. 415,887 BOE) and a 10% decline in average sales price per BOE ($44.63 vs. $49.58). Operating loss was $14.4 million, with significant expenses including $8.1 million in general and administrative costs and $3.6 million in impairment of oil and natural gas properties. The company ended the year with $429,000 in cash, $16.4 million in total liabilities, and a working capital deficit of $4.0 million. Management plans to seek $35 million in financing for industrial gas processing plant construction in 2026.

Key Takeaways

1Revenue declined 64% YoY to $7.4 million due to divestitures and lower prices

2Net loss of $14.4 million included $3.6 million oil and gas property impairment

3Cash decreased by $7.3 million to $429,000 with working capital deficit of $4.0 million

4Industrial gas property acquisitions totaled $2.1 million during the year

5Company plans to seek $35 million financing for processing plant construction in 2026

Key Financial Metrics

EPS

-$0

N/A prior year

Revenue

$7.4M

-64%

Net Income

-$14.4M

N/A

Operating Income

-$14.4M

N/A