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
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Condensed Consolidated Statements of Operations (unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE three months ended March 31, 2025 and 2024
(In thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue: | ||
| Oil | $1,770 | $4,727 |
| Natural gas and liquids | 423 | 664 |
| Total revenue | 2,193 | 5,391 |
| Operating expenses: | ||
| Lease operating expenses | 1,609 | 3,186 |
| Gathering, transportation and treating | 16 | 64 |
| Production taxes | 148 | 343 |
| Depreciation, depletion, accretion and amortization | 1,119 | 2,195 |
| Impairment of oil and natural gas properties | - | 5,419 |
| General and administrative expenses | 2,389 | 2,206 |
| Total operating expenses | 5,281 | 13,413 |
| Operating loss | (3,088) | (8,022) |
| Other income (expense): | ||
| Commodity derivative loss, net | - | (1,381) |
| Interest expense, net | (47) | (120) |
| Other income, net | 24 | 4 |
| Total other expense | (23) | (1,497) |
| Net loss before income taxes | $(3,111) | $(9,519) |
| Income tax expense | - | (18) |
| Net loss | $(3,111) | $(9,537) |
| Basic and diluted weighted average shares outstanding | 32,724,922 | 25,388,221 |
| Basic and diluted loss per share | $(0.10) | $(0.38) |
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