US ENERGY CORP

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

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, 2026 · Filed May 7, 2026

BSIN$1.31-1.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets (unaudited)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

	March 31, 2026	December 31, 2025
ASSETS
Current assets:
Cash and equivalents	$10,451	$429
Oil and natural gas sales receivables	714	454
Marketable equity securities	168	146
Other current assets	1,158	956
Total current assets	12,491	1,985
Oil and natural gas properties under full cost method and industrial gas properties:
Evaluated properties	132,514	132,459
Less accumulated depreciation, depletion and amortization	(117,619)	(117,237)
Net oil and natural gas properties	14,895	15,222
Unproved industrial gas properties, not subject to amortization	26,974	22,479
Other Assets:
Property and equipment, net	275	318
Right-of-use asset	311	356
Other assets	245	270
Total other assets	831	944
Total assets	$55,191	$40,630
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$1,885	$1,592
Revenue and royalties payable	3,823	3,921
Asset retirement obligations	595	300
Current lease obligation	214	210
Total current liabilities	6,517	6,023
Noncurrent liabilities:
Credit facility	2,500	2,500
Asset retirement obligations	7,548	7,706
Long-term lease obligation, net of current portion	151	206
Total noncurrent liabilities	10,199	10,412
Total liabilities	16,716	16,435
Commitments and contingencies (Note 8)
Shareholders’ equity:
Common stock, $0.01 par value; 245,000,000 shares authorized; 52,320,429 and 34,405,143 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	523	345
Additional paid-in capital	253,049	235,762
Accumulated deficit	(215,097)	(211,912)
Total shareholders’ equity	38,475	24,195
Total liabilities and shareholders’ equity	$55,191	$40,630

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.