US ENERGY CORP
For the period ended Mar 31, 2025. Filed May 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 12, 2025
BSIN$1.31-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited)
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $10,502 | $7,723 |
| Oil and natural gas sales receivables | 609 | 1,298 |
| Marketable equity securities | 65 | 131 |
| Other current assets | 915 | 572 |
| Total current assets | 12,091 | 9,724 |
| Oil and natural gas under full cost method and industrial gas properties: | ||
| Proved oil and natural gas properties | 140,719 | 142,029 |
| Less accumulated depreciation, depletion and amortization | (113,585) | (112,958) |
| Oil and natural gas properties, net | 27,134 | 29,071 |
| Unevaluated industrial gas properties, not subject to amortization | 15,388 | 9,384 |
| Oil, natural gas and industrial gas properties, net | 42,522 | 38,455 |
| Other Assets: | ||
| Property and equipment, net | 459 | 660 |
| Right-of-use asset | 486 | 528 |
| Other assets | 277 | 300 |
| Total other assets | 1,222 | 1,488 |
| Total assets | $55,835 | $49,667 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $2,759 | $5,466 |
| Accrued compensation and benefits | 103 | 850 |
| Revenue and royalties payable | 4,712 | 4,836 |
| Asset retirement obligations | 1,000 | 1,000 |
| Current lease obligation | 199 | 196 |
| Total current liabilities | 8,773 | 12,348 |
| Noncurrent liabilities: | ||
| Credit facility | - | - |
| Asset retirement obligations | 13,139 | 13,083 |
| Long-term lease obligation, net of current portion | 365 | 415 |
| Total noncurrent liabilities | 13,504 | 13,498 |
| Total liabilities | 22,277 | 25,846 |
| Commitments and contingencies (Note 8) | ||
| Shareholders’ equity: | ||
| Common stock, $0.01 par value; 245,000,000 shares authorized; 34,061,831 and 27,903,197 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 342 | 279 |
| Additional paid-in capital | 234,245 | 221,460 |
| Accumulated deficit | (201,029) | (197,918) |
| Total shareholders’ equity | 33,558 | 23,821 |
| Total liabilities and shareholders’ equity | $55,835 | $49,667 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.