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U.S. Energy Corp. (USEG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
U.S. Energy Corp. (USEG) stock price & volume — 10-year historical chart
U.S. Energy Corp. (USEG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
U.S. Energy Corp. (USEG) competitors in U.S. shale oil focused producers — business model, growth, and fundamentals comparison
U.S. Energy Corp. (USEG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
U.S. Energy Corp. (USEG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 6.54M | 5.54M | 6.14M | 2.16M | 6.19M | 44.55M | 32.32M | 20.62M | 7.35M |
| Revenue Growth % | 13.91% | -15.37% | 10.92% | -64.81% | 186.17% | 620.09% | -27.46% | -36.2% | -64.34% |
| Cost of Goods Sold | 4.16M | 2.68M | 1.85M | 1.53M | 2.42M | 29.86M | 29.15M | 20.89M | 9.61M |
| COGS % of Revenue | 63.48% | 48.44% | 30.08% | 71% | 39.13% | 67.02% | 90.21% | 101.34% | 130.68% |
| Gross Profit | 2.39M▲ 0% | 2.86M▲ 19.5% | 4.3M▲ 50.4% | 627K▼ 85.4% | 3.77M▲ 500.6% | 14.7M▲ 290.2% | 3.16M▼ 78.5% | -276K▼ 108.7% | -2.26M▼ 717.4% |
| Gross Margin % | 36.52% | 51.56% | 69.92% | 29% | 60.87% | 32.98% | 9.79% | -1.34% | -30.68% |
| Gross Profit Growth % | -20.81% | 19.5% | 50.42% | -85.41% | 500.64% | 290.2% | -78.48% | -108.73% | -717.39% |
| Operating Expenses | 3.7M | 3.73M | 5.09M | 6M | 5.2M | 11.16M | 38.2M | 25.46M | 8.06M |
| OpEx % of Revenue | 56.52% | 67.34% | 82.78% | 277.38% | 84.06% | 25.04% | 118.22% | 123.49% | 109.67% |
| Selling, General & Admin | 3.7M | 3.73M | 4.38M | 2.65M | 3.8M | 11.16M | 11.52M | 8.2M | 8.06M |
| SG&A % of Revenue | 56.52% | 67.34% | 71.26% | 122.43% | 61.45% | 25.04% | 35.66% | 39.75% | 109.67% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 707.62K | 3.35M | 1.4M | 0 | 26.68M | 17.27M | 0 |
| Operating Income | -988K▲ 0% | -1.15M▼ 16.1% | -790K▲ 31.1% | -5.37M▼ 579.7% | -1.44M▲ 73.3% | 3.54M▲ 346.6% | -35.04M▼ 1090.4% | -25.74M▲ 26.5% | -10.32M▲ 59.9% |
| Operating Margin % | -15.1% | -20.71% | -12.86% | -248.38% | -23.19% | 7.94% | -108.43% | -124.83% | -140.35% |
| Operating Income Growth % | 91.72% | -16.09% | 31.12% | -579.75% | 73.28% | 346.55% | -1090.39% | 26.55% | 59.9% |
| EBITDA | -98K | -621K | 38K | -4.9M | -846K | 13.35M | -23.63M | -17.32M | -6.54M |
| EBITDA Margin % | -1.5% | -11.21% | 0.62% | -226.78% | -13.67% | 29.97% | -73.12% | -84% | -88.94% |
| EBITDA Growth % | 98.96% | -533.67% | 106.12% | -13002.63% | 82.75% | 1678.01% | -277% | 26.71% | 62.24% |
| D&A (Non-Cash Add-back) | 890K | 526K | 828K | 467K | 589K | 9.81M | 11.41M | 8.42M | 3.78M |
| EBIT | -848K | -934K | -775.38K | -2.43M | -862K | -2.31M | -32.13M | -25.23M | -10.32M |
| Net Interest Income | -513K | -93K | -11K | -14K | -57K | -544K | -1.11M | -530K | -208K |
| Interest Income | 0 | 13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 513K | 106K | 11K | 14K | 57K | 544K | 1.11M | 530K | 208K |
| Other Income/Expense | -372K | 107K | 240K | -1.11M | -335K | -6.39M | 1.79M | -26K | -4.05M |
| Pretax Income | -1.36M▲ 0% | -1.04M▲ 23.5% | -550K▲ 47.1% | -6.48M▼ 1078.4% | -1.77M▲ 72.7% | -2.86M▼ 61.4% | -33.25M▼ 1064.1% | -25.76M▲ 22.5% | -14.37M▲ 44.2% |
| Pretax Margin % | -20.78% | -18.78% | -8.95% | -299.77% | -28.61% | -6.41% | -102.88% | -124.95% | -195.4% |
| Income Tax | -4.9M | 0 | 0 | -42K | 0 | -1.89M | -891K | 20K | 6K |
| Effective Tax Rate % | 360.44% | 0% | 0% | 0.65% | 0% | 66.28% | 2.68% | -0.08% | -0.04% |
| Net Income | -1.36M▲ 0% | -1.04M▲ 23.5% | -550K▲ 47.1% | -6.44M▼ 1070.7% | -1.77M▲ 72.5% | -963K▲ 45.6% | -32.36M▼ 3259.9% | -25.78M▲ 20.3% | -14.37M▲ 44.3% |
| Net Margin % | -20.78% | -18.78% | -8.95% | -297.83% | -28.61% | -2.16% | -100.12% | -125.05% | -195.48% |
| Net Income Growth % | 90.37% | 23.53% | 47.12% | -1070.73% | 72.51% | 45.59% | -3259.92% | 20.31% | 44.25% |
| Net Income (Continuing) | -1.36M | -1.04M | -550K | -6.44M | -1.77M | -963K | -32.36M | -25.78M | -14.37M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.31▲ 0% | -0.81▲ 64.9% | -0.20▲ 75.3% | -3.94▼ 1870.0% | -0.39▲ 90.1% | -0.04▲ 90.0% | -1.28▼ 3182.1% | -0.96▲ 25.0% | -0.43▲ 55.2% |
| EPS Growth % | 92.2% | 64.94% | 75.31% | -1870% | 90.1% | 90% | -3182.05% | 25% | 55.21% |
| EPS (Basic) | -2.31 | -0.81 | -0.20 | -3.94 | -0.39 | -0.04 | -1.28 | -0.96 | -0.43 |
| Diluted Shares Outstanding | 589.98K | 1.29M | 1.34M | 1.63M | 4.49M | 24.67M | 25.32M | 26.72M | 33.82M |
| Basic Shares Outstanding | 589.98K | 1.29M | 1.34M | 1.63M | 4.49M | 24.67M | 25.32M | 26.72M | 33.82M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
U.S. Energy Corp. (USEG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 5.92M | 3.69M | 2.69M | 4.71M | 5.97M | 8.44M | 8.37M | 9.72M | 1.21M |
| Cash & Short-Term Investments | 4.15M | 2.88M | 1.84M | 3.04M | 4.61M | 4.52M | 3.52M | 7.85M | 575K |
| Cash Only | 3.28M | 2.34M | 1.53M | 2.85M | 4.42M | 4.41M | 3.35M | 7.72M | 429K |
| Short-Term Investments | 876K | 536K | 307K | 181K | 191K | 107K | 164K | 131K | 146K |
| Accounts Receivable | 687K | 699K | 716K | 514K | 1.01M | 3.58M | 2.74M | 1.7M | 451K |
| Days Sales Outstanding | 38.31 | 46.06 | 42.54 | 86.78 | 59.53 | 29.29 | 30.9 | 30.16 | 22.39 |
| Inventory | 1.02M | 0 | 0 | 975K | 0 | 313K | 0 | 0 | 0 |
| Days Inventory Outstanding | 89.34 | - | - | 231.84 | - | 3.83 | - | - | - |
| Other Current Assets | 1.08M | 0 | 138K | 0 | 289K | -100K | 2.03M | 47K | 19K |
| Total Non-Current Assets | 9.4M | 11.09M | 10.77M | 7.66M | 11.69M | 109.88M | 72.07M | 39.94M | 39.42M |
| Property, Plant & Equipment | 9.33M | 11.01M | 10.75M | 7.59M | 8.79M | 109.52M | 71.77M | 39.64M | 0 |
| Fixed Asset Turnover | 0.70x | 0.50x | 0.57x | 0.28x | 0.70x | 0.41x | 0.45x | 0.52x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 66K | 78K | 26K | 65K | 2.9M | 354K | 305K | 300K | 39.42M |
| Total Assets | 15.32M▲ 0% | 14.78M▼ 3.5% | 13.47M▼ 8.9% | 12.36M▼ 8.2% | 17.66M▲ 42.9% | 118.32M▲ 569.9% | 80.44M▼ 32.0% | 49.67M▼ 38.3% | 40.63M▼ 18.2% |
| Asset Turnover | 0.43x | 0.37x | 0.46x | 0.17x | 0.35x | 0.38x | 0.40x | 0.42x | 0.18x |
| Asset Growth % | -8.65% | -3.51% | -8.87% | -8.2% | 42.87% | 569.87% | -32.01% | -38.26% | -18.2% |
| Total Current Liabilities | 1.58M | 1.67M | 1.22M | 2.21M | 2.74M | 11.49M | 11.08M | 12.35M | 6.02M |
| Accounts Payable | 707K | 670K | 974K | 1.46M | 891K | 2.57M | 1.94M | 2.2M | 837K |
| Days Payables Outstanding | 62.11 | 91.15 | 192.38 | 346.45 | 134.33 | 31.37 | 24.34 | 38.38 | 31.79 |
| Short-Term Debt | 600K | 937K | 58K | 375K | 0 | 0 | 0 | 0 | 210K |
| Deferred Revenue (Current) | -707K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.92M |
| Other Current Liabilities | 211K | 0 | 0 | 0 | 1.18M | 5.87M | 6.13M | 1.85M | 1M |
| Current Ratio | 3.74x | 2.21x | 2.20x | 2.13x | 2.18x | 0.73x | 0.76x | 0.79x | 0.20x |
| Quick Ratio | 3.10x | 2.21x | 2.20x | 1.69x | 2.18x | 0.71x | 0.76x | 0.79x | 0.20x |
| Cash Conversion Cycle | 65.54 | - | - | -27.84 | - | 1.75 | - | - | - |
| Total Non-Current Liabilities | 3.07M | 1.39M | 1.03M | 1.59M | 1.49M | 28.47M | 22.84M | 13.5M | 10.41M |
| Long-Term Debt | 937K | 0 | 0 | 0 | 0 | 12M | 5M | 0 | 2.5M |
| Capital Lease Obligations | 0 | 0 | 142K | 78K | 19K | 794K | 611K | 415K | 206K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 898K | 16K | 0 | 0 |
| Other Non-Current Liabilities | 2.13M | 1.39M | 892K | 1.51M | 1.47M | 14.78M | 17.22M | 13.08M | 7.71M |
| Total Liabilities | 4.65M | 3.06M | 2.26M | 3.8M | 4.23M | 39.97M | 33.92M | 25.85M | 16.43M |
| Total Debt | 1.54M | 937K | 200K | 518K | 133K | 12.98M | 5.79M | 611K | 2.92M |
| Net Debt | -1.74M | -1.4M | -1.33M | -2.34M | -4.29M | 8.57M | 2.44M | -7.11M | 2.49M |
| Debt / Equity | 0.14x | 0.08x | 0.02x | 0.06x | 0.01x | 0.17x | 0.12x | 0.03x | 0.12x |
| Debt / EBITDA | - | - | 5.26x | - | - | 0.97x | - | - | - |
| Net Debt / EBITDA | - | - | -35.05x | - | - | 0.64x | - | - | - |
| Interest Coverage | -1.65x | -8.81x | -70.49x | -173.36x | -15.12x | -4.25x | -28.84x | -47.61x | -49.62x |
| Total Equity | 10.66M▲ 0% | 11.72M▲ 9.9% | 11.21M▼ 4.3% | 8.57M▼ 23.6% | 13.44M▲ 56.8% | 78.35M▲ 483.2% | 46.52M▼ 40.6% | 23.82M▼ 48.8% | 24.2M▲ 1.6% |
| Equity Growth % | 183.71% | 9.91% | -4.34% | -23.58% | 56.82% | 483.21% | -40.63% | -48.8% | 1.57% |
| Book Value per Share | 18.07 | 9.09 | 8.36 | 5.26 | 2.99 | 3.18 | 1.84 | 0.89 | 0.72 |
| Total Shareholders' Equity | 10.66M | 11.72M | 11.21M | 8.57M | 13.44M | 78.35M | 46.52M | 23.82M | 24.2M |
| Common Stock | 118K | 134K | 13K | 33K | 47K | 250K | 253K | 279K | 345K |
| Retained Earnings | -125.19M | -127.13M | -127.68M | -134.12M | -135.89M | -138.59M | -172.13M | -197.92M | -211.91M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -903K | 0 | 0 | -12.36M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
U.S. Energy Corp. (USEG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -892K | -490K | 638K | -717K | -153K | 10.9M | 5.47M | 4.59M | -7.14M |
| Operating CF Margin % | -13.63% | -8.85% | 10.38% | -33.16% | -2.47% | 24.46% | 16.93% | 22.25% | -97.08% |
| Operating CF Growth % | 51.86% | 45.07% | 230.2% | -212.38% | 78.66% | 7222.88% | -49.79% | -16.17% | -255.61% |
| Net Income | -1.36M | -1.04M | -550K | -6.44M | -1.77M | -963K | -32.36M | -25.78M | 0 |
| Depreciation & Amortization | 890K | 526K | 876K | 520K | 679K | 9.81M | 11.41M | 8.42M | 0 |
| Stock-Based Compensation | 323K | 636K | 41K | 211K | 549K | 0 | 2.29M | 1.27M | 0 |
| Deferred Taxes | 0 | -526K | 0 | 0 | 0 | -1.92M | -882K | -16K | 0 |
| Other Non-Cash Items | 495K | 318K | -140K | 4.04M | -58K | 1.76M | 22.75M | 18.27M | -4.61M |
| Working Capital Changes | -350K | -404K | 411K | 948K | 447K | 2.21M | 2.25M | 2.43M | -2.52M |
| Change in Receivables | -125K | -10K | -49K | 214K | -419K | -2.26M | 851K | 1.04M | 844K |
| Change in Inventory | -159K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -77K | -283K | 100K | 461K | -125K | 4.88M | -60K | 1.36M | -1.99M |
| Cash from Investing | 1.7M | -1.31M | -281K | -1.11M | -3.33M | -16.95M | 2.83M | 5.77M | -11.88M |
| Capital Expenditures | -299K | -1.31M | -376K | -699K | -1.6M | -6.64M | -3.87M | -2.58M | -12.08M |
| CapEx % of Revenue | 4.57% | 23.69% | 6.12% | 32.33% | 25.93% | 14.91% | 11.97% | 12.5% | 164.23% |
| Acquisitions | 2M | 0 | 0 | 0 | -2.22M | -10.31M | 0 | 0 | 194K |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 2M | 2K | 95K | -455K | 500K | 0 | 6.69M | 8.35M | 0 |
| Cash from Financing | -50K | 863K | -1.17M | 3.15M | 5.05M | 6.04M | -9.36M | -5.98M | 11.73M |
| Debt Issued (Net) | -23K | -600K | -1.17M | 116K | -199K | 7.89M | -7.65M | -5.06M | 2.11M |
| Equity Issued (Net) | -27K | 1.46M | 0 | 3.03M | 5.28M | 195K | -368K | -788K | -1.89M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -1.74M | -1.19M | 0 | 0 |
| Share Repurchases | 0 | -203K | 0 | -2M | 0 | 0 | -368K | -788K | -1.89M |
| Other Financing | 0 | 0 | 0 | 0 | -38K | -307K | -151K | -133K | 11.5M |
| Net Change in Cash | 759K▲ 0% | -937K▼ 223.5% | -808K▲ 13.8% | 1.32M▲ 263.6% | 1.57M▲ 18.6% | -11K▼ 100.7% | -1.06M▼ 9536.4% | 4.37M▲ 512.5% | -7.29M▼ 266.8% |
| Free Cash Flow | -1.19M▲ 0% | -1.8M▼ 51.3% | 262K▲ 114.5% | -1.89M▼ 821.8% | -1.76M▲ 7.1% | 4.25M▲ 342.2% | 1.6M▼ 62.3% | -3.33M▼ 307.2% | -19.21M▼ 477.9% |
| FCF Margin % | -18.2% | -32.53% | 4.26% | -87.47% | -28.4% | 9.55% | 4.97% | -16.13% | -261.31% |
| FCF Growth % | 41.79% | -51.3% | 114.54% | -821.76% | 7.09% | 342.17% | -62.28% | -307.17% | -477.86% |
| FCF per Share | -2.02 | -1.40 | 0.20 | -1.16 | -0.39 | 0.17 | 0.06 | -0.12 | -0.57 |
| FCF Conversion (FCF/Net Income) | 0.66x | 0.47x | -1.16x | 0.11x | 0.09x | -11.32x | -0.17x | -0.18x | 0.50x |
| Interest Paid | 451K | 119K | 11K | 5K | 5K | 0 | 806K | 605K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
U.S. Energy Corp. (USEG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -146.83% | -18.86% | -9.29% | -4.8% | -65.12% | -16.09% | -2.1% | -51.82% | -73.31% | -59.87% |
| Return on Invested Capital (ROIC) | -70.56% | -9.17% | -8.94% | -5.87% | -50% | -14% | 5.52% | -38.68% | -58.79% | -35.68% |
| Gross Margin | 52.52% | 36.52% | 51.56% | 69.92% | 29% | 60.87% | 32.98% | 9.79% | -1.34% | -30.68% |
| Net Margin | -245.74% | -20.78% | -18.78% | -8.95% | -297.83% | -28.61% | -2.16% | -100.12% | -125.05% | -195.48% |
| Debt / Equity | 1.60x | 0.14x | 0.08x | 0.02x | 0.06x | 0.01x | 0.17x | 0.12x | 0.03x | 0.12x |
| Interest Coverage | -25.41x | -1.65x | -8.81x | -70.49x | -173.36x | -15.12x | -4.25x | -28.84x | -47.61x | -49.62x |
| FCF Conversion | 0.13x | 0.66x | 0.47x | -1.16x | 0.11x | 0.09x | -11.32x | -0.17x | -0.18x | 0.50x |
| Revenue Growth | -44.19% | 13.91% | -15.37% | 10.92% | -64.81% | 186.17% | 620.09% | -27.46% | -36.2% | -64.34% |
U.S. Energy Corp. (USEG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 27, 2026·SEC
Apr 20, 2026·SEC
Mar 18, 2026·SEC
U.S. Energy Corp. (USEG) stock FAQ — growth, dividends, profitability & financials explained
U.S. Energy Corp. (USEG) reported $7.4M in revenue for fiscal year 2025. This represents a 23% decrease from $9.6M in 1996.
U.S. Energy Corp. (USEG) saw revenue decline by 64.3% over the past year.
U.S. Energy Corp. (USEG) reported a net loss of $14.4M for fiscal year 2025.
U.S. Energy Corp. (USEG) has a return on equity (ROE) of -59.9%. Negative ROE indicates the company is unprofitable.
U.S. Energy Corp. (USEG) had negative free cash flow of $21.3M in fiscal year 2025, likely due to heavy capital investments.
U.S. Energy Corp. (USEG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates