US ENERGY CORP
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 12, 2025
BSIN$1.330.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Shareholders’ Equity (unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’** EQUITY**
FOR THE THREE AND nine months ended September 30, 2025 and 2024
(in thousands, except share amounts)
| Additional | |||||
|---|---|---|---|---|---|
| Common Stock · Paid-in · Accumulated | |||||
| Shares | Amount | Capital | Deficit | Total | |
| Balances, December 31, 2023 | 25,333,870 | $253 | $218,403 | $(172,134) | $46,522 |
| Stock-based compensation | - | - | 200 | - | 200 |
| Vesting of restricted stock awards | 426,104 | 4 | (4) | - | - |
| Tax withholding for restricted stock vesting | (98,761) | (1) | (104) | - | (105) |
| Share repurchases | (318,200) | (3) | (334) | - | (337) |
| Net loss | - | - | - | (9,537) | (9,537) |
| Balances, March 31, 2024 | 25,343,013 | $253 | $218,161 | $(181,671) | $36,743 |
| Shares issued for acquisition | 2,600,000 | 26 | 2,652 | - | 2,678 |
| Stock-based compensation | - | - | 476 | - | 476 |
| Vesting of restricted stock awards | 280,000 | 3 | (3) | - | - |
| Tax withholding for restricted stock vesting | (24,754) | - | (27) | - | (27) |
| Share repurchases | (145,300) | (1) | (167) | - | (168) |
| Net loss | - | - | - | (1,974) | (1,974) |
| Balances, June 30, 2024 | 28,052,959 | $281 | $221,092 | $(183,645) | $37,728 |
| Stock-based compensation | - | - | 274 | - | 274 |
| Vesting of restricted stock awards | 2,000 | - | - | - | - |
| Tax withholding for restricted stock vesting | (346) | (1) | - | - | (1) |
| Share repurchases | (19,000) | - | (20) | - | (20) |
| Net loss | - | - | - | (2,247) | (2,247) |
| Balances, September 30, 2024 | 28,035,613 | $280 | $221,346 | $(185,892) | $35,734 |
| Balances, December 31, 2024 | 27,903,197 | $279 | $221,460 | $(197,918) | $23,821 |
| Shares issued for acquisition | 1,400,000 | 14 | 2,618 | - | 2,632 |
| Vesting of restricted stock awards | 851,515 | 9 | (9) | - | - |
| Tax withholding for restricted stock vesting | (203,281) | (2) | (322) | - | (324) |
| Shares sold in underwritten offering, net of offering costs $1,032 | 4,871,400 | 49 | 11,828 | - | 11,877 |
| Share repurchases | (125,600) | (1) | (233) | - | (234) |
| Shares repurchased from related party | (635,400) | (6) | (1,568) | - | (1,574) |
| Stock-based compensation | - | - | 471 | - | 471 |
| Net loss | - | - | - | (3,111) | (3,111) |
| Balances, March 31, 2025 | 34,061,831 | $342 | $234,244 | $(201,029) | $33,558 |
| Vesting of restricted stock awards | 50,000 | 1 | - | - | 1 |
| Tax withholding for restricted stock vesting | (18,211) | (0) | (22) | - | (22) |
| Share repurchases | (71,800) | (1) | (82) | - | (83) |
| Stock-based compensation | - | - | 563 | - | 563 |
| Net loss | - | - | - | (6,058) | (6,058) |
| Balances, June 30, 2025 | 34,021,820 | $342 | $234,704 | $(207,087) | $27,960 |
| Vesting of restricted stock awards | 122,000 | 1 | - | - | 1 |
| Tax withholding for restricted stock vesting | (271) | (0) | (0) | - | (0) |
| Stock-based compensation | - | - | 420 | - | 420 |
| Net loss | - | - | - | (3,341) | (3,341) |
| Balances, September 30, 2025 | 34,143,549 | $343 | $235,124 | $(210,428) | $25,039 |
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