Core Viewpoint - U.S. Energy Corporation is set to release its first quarter 2025 financial results on May 12, 2025, before market opening, indicating a focus on transparency and communication with investors [1]. Group 1: Financial Results Announcement - The company will announce its first quarter 2025 results before the market opens on May 12, 2025 [1]. - A conference call is scheduled for the same day at 9:00 a.m. ET to discuss the financial results and recent events [2]. Group 2: Investor Relations - A webcast of the conference call will be available on the company's Investor Relations website, emphasizing the company's commitment to keeping investors informed [2]. - Replay options for the teleconference will be available until May 26, 2025, providing additional access for stakeholders [3]. Group 3: Company Overview - U.S. Energy Corporation focuses on the development and operation of high-quality energy and industrial gas assets in the U.S., aiming for low-risk development and attractive shareholder returns [3]. - The company is committed to reducing its carbon footprint in its operational areas, aligning with broader industry trends towards sustainability [3].

Core Viewpoint - U.S. Energy Corporation has successfully completed a strategic acquisition for $0.2 million, enhancing its industrial gas and carbon capture platform in Montana, which includes approximately 2,300 net acres with CO2 rights and an active Class II injection well for CO2 sequestration [1][3][4]. Group 1: Acquisition Details - The acquisition strengthens U.S. Energy's position in the Kevin Dome structure, known for its helium-rich and CO2-dominated gas systems [5]. - The Class II injection well is permitted by the U.S. Environmental Protection Agency (EPA) under the Safe Drinking Water Act, ensuring compliance for safe CO2 storage [2][5]. - The acquisition is part of a broader strategy to develop scalable, low-emission industrial gas operations and position the company as a supplier of clean helium and other critical gases [3][4]. Group 2: Management Commentary - The CEO of U.S. Energy highlighted that the acquisition is a significant milestone in integrating carbon sequestration into the industrial gas platform, enhancing the company's ability to deliver clean helium while sequestering CO2 at scale [4]. - The company is committed to a responsible growth strategy that aligns with global demand for lower-carbon energy solutions [4]. Group 3: Future Plans - U.S. Energy plans to submit a Monitoring, Reporting, and Verification (MRV) plan to the EPA for the Class II well in the second quarter of 2025 [5]. - The CCUS-enabled infrastructure will support the planned industrial gas processing facility and broader environmental goals, positioning U.S. Energy as a leading industrial gas and carbon management platform in the U.S. [5].

Core Viewpoint - U.S. Energy Corporation has completed a strategic acquisition for $0.2 million, enhancing its industrial gas and carbon capture platform in Montana, which includes approximately 2,300 net acres with CO2 rights and an active Class II injection well for CO2 sequestration [1][3][5] Acquisition Details - The acquisition strengthens U.S. Energy's position in the Kevin Dome structure, known for its helium-rich and CO2-dominated gas systems [5] - The Class II injection well is permitted by the U.S. Environmental Protection Agency (EPA) under the Safe Drinking Water Act, ensuring compliance for safe CO2 storage [2][5] Strategic Implications - This acquisition aligns with U.S. Energy's broader strategy to develop scalable, low-emission industrial gas operations and positions the company as a supplier of clean helium and other critical gases [3][4] - The company plans to submit a Monitoring, Reporting, and Verification (MRV) plan to the EPA for the Class II well in Q2 2025, supporting its environmental goals [5] Management Commentary - The CEO of U.S. Energy emphasized that the acquisition is a significant milestone in integrating carbon sequestration into the industrial gas platform, enhancing the company's ability to deliver clean helium while sequestering CO2 at scale [4]

Core Viewpoint - U.S. Energy Corp is actively engaging with investors through a presentation at the Emerging Growth Conference, highlighting its focus on growth and high-quality energy assets [1][2]. Company Overview - U.S. Energy Corp is a growth-focused energy company that operates a portfolio of high-quality producing assets in the United States [4]. - The company aims to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program [4]. - U.S. Energy is committed to reducing its carbon footprint in its operational areas [4]. Event Details - The company will present at the Emerging Growth Conference on April 16, 2025, at 12:00 p.m. Eastern Time for a duration of 30 minutes [3]. - The presentation will be interactive, allowing investors to engage with the Company's President and CEO, Ryan Smith, who will provide a company overview and answer questions [2][3].

Core Viewpoint - U.S. Energy Corp is actively participating in the 37th Annual Roth Conference, indicating its commitment to engaging with institutional investors and analysts to discuss its growth strategy and asset portfolio [1][2]. Company Overview - U.S. Energy Corp is a growth-focused energy company that consolidates high-quality producing assets in the United States, aiming to optimize production and generate free cash flow through low-risk development [3]. - The company emphasizes maintaining an attractive shareholder returns program while being a leader in reducing its carbon footprint in operational areas [3]. Conference Participation - The company will engage in discussion panels and one-on-one meetings with institutional investors and analysts during the conference, which will take place at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California [2]. - Attendance information and additional details can be obtained through Roth Capital Partners [2].

US Energy (NASDAQ:USEG) Q4 2024 Earnings Conference Call March 13, 2025 9:00 AM ET Company Participants Mason McGuire ??? Vice President-Finance and Strategy Ryan Smith ??? Chief Executive Officer Mark Zajac ??? Chief Financial Officer Conference Call Participants Jesse Sobelson ??? D. Boral Capital Charles Meade ??? Johnson Rice Tom Kerr ??? Zacks Small Cap Research Operator Greetings and welcome to U.S. Energy Corporation Fourth Quarter and Year End 2024 Results Conference Call. At this time, all particip ...

Share Repurchase and Acquisitions - The Company authorized a share repurchase program for up to $5.0 million, scheduled to expire on June 30, 2026[353]. - The Company acquired 82.5% of Wavetech's rights for approximately 144,000 net acres, paying $2.0 million in cash and 2.6 million shares valued at $2.7 million[356]. - The Company aims to enhance stockholder value through strategic acquisitions and by redeploying capital into core focus areas[377]. Divestitures and Asset Management - The Company divested properties for a total of $14.0 million in net proceeds, relieving $5.4 million in asset retirement obligations[360]. - In South Texas, the Company divested assets for approximately $5.2 million, representing 13% of total production in Q1 2024[361]. - In East Texas, the Company sold assets for $6.8 million, averaging 1.1 million cubic feet of natural gas and 168 barrels of oil per day[362]. - The Company recognized a $5.0 million loss on the sale of East Texas properties, which represented 36% of reserve volumes[364]. - The company closed a series of divestitures for total net proceeds of $14.0 million, which were used to repay the credit facility and fund industrial gas property development[412]. Financial Performance - For the year ended December 31, 2024, the company recorded a net loss of $25.8 million, an improvement from a net loss of $32.4 million in 2023[395]. - Total revenue decreased by $11.7 million, or 36%, from $32.3 million in 2023 to $20.6 million in 2024, primarily due to lower production quantities and commodity prices[398]. - Oil production decreased by 35% to 256,166 Bbls, while natural gas production decreased by 31% to 958,325 Mcfe compared to 2023[399]. - Lease operating expenses were $11.2 million, a decrease of 27% from $15.3 million in 2023, with a per BOE increase of 10% to $26.83[400]. - The company experienced a decrease in gathering, transportation, and treating costs by 63% to $205,000 due to divestitures[401]. - Production taxes decreased by 39% to $1.3 million, consistent with the overall revenue decline[402]. - Depreciation, depletion, and amortization (DD&A) was $8.3 million, down from $11.2 million in 2023, with a depletion rate of $19.64 per BOE[403]. - Impairment charges totaled $11.9 million in 2024, compared to $26.7 million in 2023, driven by lower crude oil and natural gas prices and divestments[404]. - The realized price for oil production decreased by 2% to $70.91 per Bbl, while the realized price for natural gas decreased by 10% to $2.56 per Mcfe[398]. Expenses and Cash Flow - General and administrative expenses decreased by $3.3 million, or 29%, from $11.5 million in 2023 to $8.2 million in 2024, primarily due to reduced headcount and non-recurring fees[405]. - Non-operating expenses totaled $(26) thousand in 2024, a decrease of $1.8 million, or 101%, compared to $1.8 million in 2023, driven by a significant drop in commodity derivative gains[407]. - Interest expense decreased as the outstanding balance on the credit facility was reduced from $5.0 million in 2023 to $0.0 million in 2024, with the average interest rate increasing to 9.2%[408][409]. - Cash provided by operating activities decreased by $0.9 million, from $5.5 million in 2023 to $4.6 million in 2024, due to reduced cash receipts from revenues[427]. - Cash provided by investing activities increased by $2.9 million, from $2.8 million in 2023 to $5.8 million in 2024, primarily due to $13.5 million in net proceeds from property sales[428]. - Cash used in financing activities for the year ended December 31, 2024, was $6.0 million, a decrease from $9.4 million in 2023[429]. - Net payments of debt under the credit facility for 2024 amounted to $5.0 million, compared to net payments of borrowings of $7.0 million in 2023[429]. - Amounts paid to repurchase common stock in 2024 were $0.8 million, while dividends paid on common stock in 2023 were $1.2 million[429]. Future Plans and Development - The Company plans to complete two wells and drill two additional new wells targeting an industrial gas zone in the first half of 2025[376]. - The company anticipates spending between $4.0 million and $6.5 million on industrial gas development, including drilling and completing 2 to 4 wells[413]. - The company had cash and equivalents of $7.7 million as of December 31, 2024, an increase of $4.4 million from $3.4 million in 2023[422]. - Total assets decreased by $30.8 million from $80.4 million in 2023 to $49.7 million in 2024[422].

Revenue and Production - U.S. Energy reported total revenue of $20.6 million for 2024, a 36% decrease compared to 2023, with oil sales at $18.2 million and natural gas and liquids sales at $2.5 million[14]. - Average daily production for 2024 was 1,136 Boe/d, down 34% from 2023, with total production of 415,887 Boe[12]. - In the fourth quarter of 2024, revenue was $4.2 million, a 15% decrease from the previous quarter, with oil sales at $3.6 million[21]. - Total revenue for 2024 was $20,619,000, a decrease of 36.5% compared to $32,316,000 in 2023[36]. - Oil revenue decreased to $18,165,000 in 2024 from $28,352,000 in 2023, representing a decline of 35.8%[36]. Financial Performance - Adjusted EBITDA for 2024 was $3.6 million, while the company reported a net loss of $25.8 million due to impairments and asset sales[17]. - Net loss for 2024 was $25,784,000, compared to a net loss of $32,356,000 in 2023, showing an improvement of 20.5%[36]. - Total Adjusted EBITDA decreased to $3,596 thousand in 2024 from $4,884 thousand in 2023, reflecting a decline of approximately 26.3%[41]. - The company reported a basic and diluted loss per share of $0.96 for 2024, an improvement from a loss of $1.28 per share in 2023[36]. Assets and Liabilities - The company ended 2024 with $7.7 million in cash and no outstanding debt, resulting in total liquidity of $27.7 million[5]. - Total current assets increased to $9,724,000 in 2024 from $8,372,000 in 2023, reflecting a growth of 16.2%[34]. - Total assets decreased significantly to $49,667,000 in 2024 from $80,444,000 in 2023, a decline of 38.3%[34]. - Total liabilities decreased to $25,846,000 in 2024 from $33,922,000 in 2023, a reduction of 23.7%[34]. - Cash and equivalents at the end of 2024 were $7,723,000, up from $3,351,000 in 2023, indicating a significant increase of 130.9%[38]. Impairments and Expenses - The company incurred impairment of oil and natural gas properties amounting to $11,918,000 in 2024, down from $26,680,000 in 2023, a decrease of 55.3%[36]. - The company incurred interest expense of $530 thousand in 2024, significantly lower than $1,101 thousand in 2023, representing a decrease of approximately 51.9%[41]. - Non-cash stock-based compensation decreased to $1,268 thousand in 2024 from $2,293 thousand in 2023, a reduction of about 44.5%[41]. - The total adjustments for the year were $29,380 thousand in 2024, compared to $37,240 thousand in 2023, reflecting a decrease of approximately 21.1%[41]. - The unrealized loss on commodity derivatives was $1,844 thousand in 2024, compared to an unrealized gain of $3,538 thousand in 2023[41]. - The company reported a loss on the sale of assets amounting to $4,978 thousand in 2024, with no such loss reported in 2023[41]. - The income tax expense for 2024 was $20 thousand, a significant improvement from an income tax benefit of $1,191 thousand in 2023[41]. - Transaction-related expenses were recorded at $369 thousand in 2024, with no such expenses reported in 2023[41]. Shareholder Activities - The company repurchased 1.67 million shares, representing approximately 4.9% of total shares outstanding, at an average price of $1.73 per share[9]. Future Plans - U.S. Energy plans to initiate development activities for its industrial gas assets in Montana starting April 2025, including drilling new wells and advancing carbon sequestration initiatives[6]. - The company successfully completed a public equity offering in January 2025, raising net proceeds of approximately $12.1 million[8]. Reserves - Year-end 2024 proved reserves were 2.0 MBoe, with a present value of $29.1 million discounted at 10%[24][26].

Core Viewpoint - U.S. Energy Corporation reported significant developments in 2024, focusing on the acquisition and development of industrial gas assets, achieving a strong financial position with zero debt, and planning for sustainable growth in the industrial gas sector [4][6][18]. Full Year 2024 Highlights - Total revenue for 2024 was $20.6 million, a decrease of 36% compared to 2023, with oil sales at $18.2 million and natural gas and liquids sales at $2.5 million [15][18]. - Average daily production was 1,136 Boe/d, down 34% from 2023, with oil production averaging 702 Bbl/d [11][12]. - Lease operating expenses totaled $11.2 million, or $26.83 per Boe, reflecting a 27% decrease from 2023 [16]. - Adjusted EBITDA for 2024 was $3.6 million, with a net loss of $25.8 million, primarily due to asset impairments and losses on asset sales [18][39]. Fourth Quarter 2024 Highlights - Revenue for Q4 2024 was $4.2 million, a 15% decrease from Q3 2024, with oil sales at $3.6 million and natural gas and liquids sales at $0.6 million [21]. - Average daily production in Q4 was 971 Boe/d, down 16% from Q3 2024 [19][20]. - Lease operating expenses for Q4 totaled $1.8 million, or $20.58 per Boe, a significant decrease from Q3 2024 [22]. - Adjusted EBITDA for Q4 was $0.4 million [23]. Management Comments - The CEO emphasized the importance of 2024 as a transformative year, highlighting the acquisition of over 160,000 acres for industrial gas development and the elimination of all outstanding debt [4][6]. - The company plans to scale operations, execute new drilling programs, and advance carbon sequestration initiatives [4][6]. Montana Project Timeline - The company has outlined an active development program for its industrial gas assets in Montana, with initial activities planned for April 2025 [6][13]. - Key activities include the completion of existing wells, drilling new wells, and launching a carbon sequestration business [13]. Shareholder Returns Program - The company has repurchased 1.67 million shares, representing approximately 4.9% of total shares outstanding, as part of its ongoing share repurchase program [9][10]. - The Board of Directors extended the share repurchase program through June 30, 2026, with $3.7 million remaining for future repurchases [10]. Reserves Summary - As of year-end 2024, the company reported SEC proved reserves of 2.0 MBoe, with 81% classified as oil and 19% as natural gas [24][25]. - The present value of the proved reserves, discounted at 10%, was $29.1 million [26]. Financial Statements Overview - The company ended 2024 with $7.7 million in cash and no debt, indicating a strong liquidity position [5][34]. - Total assets decreased to $49.7 million from $80.4 million in 2023, primarily due to asset divestments [34].

Core Insights - U.S. Energy Corporation reported significant developments in 2024, focusing on industrial gas assets and achieving a strong financial position with zero debt [4][5][14]. Full Year 2024 Highlights - Total revenue for 2024 was $20.6 million, a 36% decrease from 2023, with oil sales at $18.2 million and natural gas and liquids sales at $2.5 million [14]. - Average daily production was 1,136 Boe/d, down 34% from 2023, with oil production averaging 702 Bbl/d [10][11]. - Lease operating expenses totaled $11.2 million, or $26.83 per Boe, reflecting a 27% decrease from 2023 [15]. - Adjusted EBITDA for 2024 was $3.6 million, with a net loss of $25.8 million, primarily due to asset impairments and losses on asset sales [17][39]. Fourth Quarter 2024 Highlights - Revenue for Q4 2024 was $4.2 million, a 15% decrease from Q3 2024, with oil sales at $3.6 million and natural gas and liquids sales at $0.6 million [20]. - Average daily production in Q4 was 971 Boe/d, down 16% from Q3 2024 [18][19]. - Lease operating expenses for Q4 totaled $1.8 million, or $20.58 per Boe, a 40% decrease from Q3 2024 [21]. - Adjusted EBITDA for Q4 was $0.4 million [22]. Management Comments - The CEO highlighted the strategic focus on developing newly acquired industrial gas assets and emphasized the company's strong balance sheet and zero debt [4]. - The company plans to scale operations, execute new drilling programs, and advance carbon sequestration initiatives [4]. Montana Project Timeline - U.S. Energy has an active development program planned for the first half of 2025, focusing on its industrial gas assets in Montana [5][6]. - The company has generated $13.5 million from divesting non-core assets, which will be used for the Montana project and shareholder returns [5]. Shareholder Returns Program - The company has repurchased 1.67 million shares, representing approximately 4.9% of total shares outstanding, as part of its ongoing share repurchase program [8][9]. Reserves Summary - As of year-end 2024, the company's SEC proved reserves were 2.0 MBoe, with 81% classified as oil and 19% as natural gas [24][25].