U.S. Energy Corp. (USEG) 10-Year Financial Performance & Capital Metrics

USEG • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&POther Shale Play Operators

AboutU.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated proved reserves of 1,344,626 barrel of oil equivalent; oil and natural gas leases covered 89,846 gross acres and 5,757 net acres; and 146 gross producing wells. U.S. Energy Corp. was incorporated in 1966 and is based in Houston, Texas.Show more

Revenue $21M -36.2%
EBITDA -$17M +26.7%
Net Income -$26M +20.3%
EPS (Diluted) -0.96 +25.0%
Gross Margin -1.34% -113.7%
EBITDA Margin -84% -14.9%
Operating Margin -124.83% -15.1%
Net Margin -125.05% -24.9%
ROE -73.31% -41.5%
ROIC -58.79% -52.0%
Debt/Equity 0.03 -79.4%
Interest Coverage -48.56 -54.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y sales CAGR of 27.4%
✓Trading at only 1.1x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.41%

5Y27.4%

3Y49.37%

TTM-56.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM26.9%

EPS CAGR

10Y-

5Y-

3Y-

TTM38.14%

ROCE

10Y Avg-37.78%

5Y Avg-28.32%

3Y Avg-27.4%

Latest-48.25%

Peer Comparison

Other Shale Play Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGYMagnolia Oil & Gas Corporation	4.12B	22.49	11.59	7.25%	25.9%	17.05%	10.48%	0.21
KGEIKolibri Global Energy Inc.	126.93M	3.59	7.04	15.84%	24.74%	8.88%	6.02%	0.18
REPXRiley Exploration Permian, Inc.	616.01M	28.04	6.58	9.37%	21.73%	15.25%	18.89%	0.54
MNRMach Natural Resources LP	1.85B	11.01	5.79	27.2%	28.51%	14.85%	15.37%	0.64
CHRDChord Energy Corporation	5.23B	91.94	5.74	34.76%	3.31%	2.11%	17.56%	0.12
CIVICivitas Resources, Inc.	2.27B	26.55	3.14	49.76%	13.56%	9.55%	39.44%	0.68
REIRing Energy, Inc.	201.01M	0.97	2.85	1.46%	-5.01%	-1.91%	18.95%	0.45
PEDPEDEVCO Corp.	51.29M	0.54	2.69	28.49%	28.75%	8.29%	24.56%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.3M	5.75M	6.54M	5.54M	6.14M	2.16M	6.19M	44.55M	32.32M	20.62M
Revenue Growth %	-0.68%	-0.44%	0.14%	-0.15%	0.11%	-0.65%	1.86%	6.2%	-0.27%	-0.36%
Cost of Goods Sold+	7.35M	2.73M	4.16M	2.68M	1.85M	1.53M	2.42M	29.86M	29.15M	20.89M
COGS % of Revenue	0.71%	0.47%	0.63%	0.48%	0.3%	0.71%	0.39%	0.67%	0.9%	1.01%
Gross Profit+	2.94M	3.02M	2.39M	2.86M	4.3M	627K	3.77M	14.7M	3.16M	-276K
Gross Margin %	0.29%	0.53%	0.37%	0.52%	0.7%	0.29%	0.61%	0.33%	0.1%	-0.01%
Gross Profit Growth %	-0.86%	0.03%	-0.21%	0.19%	0.5%	-0.85%	5.01%	2.9%	-0.78%	-1.09%
Operating Expenses+	14.33M	5.38M	3.7M	3.73M	5.09M	6M	5.2M	11.16M	38.2M	25.46M
OpEx % of Revenue	1.39%	0.94%	0.57%	0.67%	0.83%	2.77%	0.84%	0.25%	1.18%	1.23%
Selling, General & Admin	5.92M	2.85M	3.7M	3.73M	4.38M	2.65M	3.8M	11.16M	11.52M	8.2M
SG&A % of Revenue	0.57%	0.5%	0.57%	0.67%	0.71%	1.22%	0.61%	0.25%	0.36%	0.4%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	431K	2.53M	0	0	707.62K	3.35M	1.4M	0	26.68M	17.27M
Operating Income+	-69.06M	-11.93M	-988K	-1.15M	-790K	-5.37M	-1.44M	3.54M	-35.04M	-25.74M
Operating Margin %	-6.71%	-2.08%	-0.15%	-0.21%	-0.13%	-2.48%	-0.23%	0.08%	-1.08%	-1.25%
Operating Income Growth %	-26.76%	0.83%	0.92%	-0.16%	0.31%	-5.8%	0.73%	3.47%	-10.9%	0.27%
EBITDA+	-60.51M	-9.4M	-98K	-621K	38K	-4.9M	-846K	13.35M	-23.63M	-17.32M
EBITDA Margin %	-5.88%	-1.64%	-0.01%	-0.11%	0.01%	-2.27%	-0.14%	0.3%	-0.73%	-0.84%
EBITDA Growth %	-5.85%	0.84%	0.99%	-5.34%	1.06%	-130.03%	0.83%	16.78%	-2.77%	0.27%
D&A (Non-Cash Add-back)	8.56M	2.53M	890K	526K	828K	467K	589K	9.81M	11.41M	8.42M
EBIT	-67.02M	-11.23M	-848K	-934K	-775.38K	-2.43M	-862K	-2.31M	-32.13M	-25.23M
Net Interest Income+	-263K	-442K	-513K	-93K	-11K	-14K	-57K	-544K	-1.11M	-530K
Interest Income	0	0	0	13K	0	0	0	0	0	0
Interest Expense	263K	442K	513K	106K	11K	14K	57K	544K	1.11M	530K
Other Income/Expense	1.78M	257K	-372K	107K	240K	-1.11M	-335K	-6.39M	1.79M	-26K
Pretax Income+	-67.28M	-11.67M	-1.36M	-1.04M	-550K	-6.48M	-1.77M	-2.86M	-33.25M	-25.76M
Pretax Margin %	-6.53%	-2.03%	-0.21%	-0.19%	-0.09%	-3%	-0.29%	-0.06%	-1.03%	-1.25%
Income Tax+	0	0	-4.9M	0	0	-42K	0	-1.89M	-891K	20K
Effective Tax Rate %	1.38%	1.21%	1%	1%	1%	0.99%	1%	0.34%	0.97%	1%
Net Income+	-92.9M	-14.12M	-1.36M	-1.04M	-550K	-6.44M	-1.77M	-963K	-32.36M	-25.78M
Net Margin %	-9.02%	-2.46%	-0.21%	-0.19%	-0.09%	-2.98%	-0.29%	-0.02%	-1%	-1.25%
Net Income Growth %	-43.43%	0.85%	0.9%	0.24%	0.47%	-10.71%	0.73%	0.46%	-32.6%	0.2%
Net Income (Continuing)	-67.28M	-11.67M	-1.36M	-1.04M	-550K	-6.44M	-1.77M	-963K	-32.36M	-25.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-198.60	-29.61	-2.31	-0.81	-0.20	-3.94	-0.39	-0.04	-1.28	-0.96
EPS Growth %	-43.04%	0.85%	0.92%	0.65%	0.75%	-18.7%	0.9%	0.9%	-31.82%	0.25%
EPS (Basic)	-198.60	-29.64	-2.31	-0.81	-0.20	-3.94	-0.39	-0.04	-1.28	-0.96
Diluted Shares Outstanding	467.75K	476.8K	589.98K	1.29M	1.34M	1.63M	4.49M	24.67M	25.32M	26.72M
Basic Shares Outstanding	467.75K	476.41K	589.98K	1.29M	1.34M	1.63M	4.49M	24.67M	25.32M	26.72M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.84M	4.89M	5.92M	3.69M	2.69M	4.71M	5.97M	8.44M	8.37M	9.72M
Cash & Short-Term Investments	3.6M	2.52M	4.15M	2.88M	1.84M	3.04M	4.61M	4.52M	3.52M	7.85M
Cash Only	3.35M	2.52M	3.28M	2.34M	1.53M	2.85M	4.42M	4.41M	3.35M	7.72M
Short-Term Investments	251K	0	876K	536K	307K	181K	191K	107K	164K	131K
Accounts Receivable	1.14M	562K	687K	699K	716K	514K	1.01M	3.58M	2.74M	1.7M
Days Sales Outstanding	40.52	35.7	38.31	46.06	42.54	86.78	59.53	29.29	30.9	30.16
Inventory	1.95M	767K	1.02M	0	0	975K	0	313K	0	0
Days Inventory Outstanding	96.91	102.62	89.34	-	-	231.84	-	3.83	-	-
Other Current Assets	2.34M	862K	1.08M	0	138K	0	289K	-100K	2.03M	47K
Total Non-Current Assets+	26.3M	11.88M	9.4M	11.09M	10.77M	7.66M	11.69M	109.88M	72.07M	39.94M
Property, Plant & Equipment	26.09M	11.72M	9.33M	11.01M	10.75M	7.59M	8.79M	109.52M	71.77M	39.64M
Fixed Asset Turnover	0.39x	0.49x	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	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	35K	35K	0	0	0	0	0	0	0	0
Other Non-Current Assets	171K	121K	66K	78K	26K	65K	2.9M	354K	305K	300K
Total Assets+	33.13M	16.77M	15.32M	14.78M	13.47M	12.36M	17.66M	118.32M	80.44M	49.67M
Asset Turnover	0.31x	0.34x	0.43x	0.37x	0.46x	0.17x	0.35x	0.38x	0.40x	0.42x
Asset Growth %	-0.73%	-0.49%	-0.09%	-0.04%	-0.09%	-0.08%	0.43%	5.7%	-0.32%	-0.38%
Total Current Liabilities+	16.61M	10.93M	1.58M	1.67M	1.22M	2.21M	2.74M	11.49M	11.08M	12.35M
Accounts Payable	1.77M	743K	707K	670K	974K	1.46M	891K	2.57M	1.94M	2.2M
Days Payables Outstanding	88.12	99.41	62.11	91.15	192.38	346.45	134.33	31.37	24.34	38.38
Short-Term Debt	6M	6M	600K	937K	58K	375K	0	0	0	0
Deferred Revenue (Current)	1000K	0	-707K	0	0	0	0	0	0	0
Other Current Liabilities	7.49M	4.14M	211K	0	0	0	1.18M	5.87M	6.13M	1.85M
Current Ratio	0.41x	0.45x	3.74x	2.21x	2.20x	2.13x	2.18x	0.73x	0.76x	0.79x
Quick Ratio	0.29x	0.38x	3.10x	2.21x	2.20x	1.69x	2.18x	0.71x	0.76x	0.79x
Cash Conversion Cycle	49.31	38.91	65.54	-	-	-27.84	-	1.75	-	-
Total Non-Current Liabilities+	1.04M	2.08M	3.07M	1.39M	1.03M	1.59M	1.49M	28.47M	22.84M	13.5M
Long-Term Debt	0	0	937K	0	0	0	0	12M	5M	0
Capital Lease Obligations	0	0	0	0	142K	78K	19K	794K	611K	415K
Deferred Tax Liabilities	0	0	0	0	0	0	0	898K	16K	0
Other Non-Current Liabilities	1.04M	2.08M	2.13M	1.39M	892K	1.51M	1.47M	14.78M	17.22M	13.08M
Total Liabilities	17.66M	13.01M	4.65M	3.06M	2.26M	3.8M	4.23M	39.97M	33.92M	25.85M
Total Debt+	6M	6M	1.54M	937K	200K	518K	133K	12.98M	5.79M	611K
Net Debt	2.65M	3.48M	-1.74M	-1.4M	-1.33M	-2.34M	-4.29M	8.57M	2.44M	-7.11M
Debt / Equity	0.39x	1.60x	0.14x	0.08x	0.02x	0.06x	0.01x	0.17x	0.12x	0.03x
Debt / EBITDA	-	-	-	-	5.26x	-	-	0.97x	-	-
Net Debt / EBITDA	-	-	-	-	-35.05x	-	-	0.64x	-	-
Interest Coverage	-262.60x	-26.99x	-1.93x	-10.82x	-71.82x	-383.57x	-25.18x	6.50x	-31.45x	-48.56x
Total Equity+	15.47M	3.76M	10.66M	11.72M	11.21M	8.57M	13.44M	78.35M	46.52M	23.82M
Equity Growth %	-0.86%	-0.76%	1.84%	0.1%	-0.04%	-0.24%	0.57%	4.83%	-0.41%	-0.49%
Book Value per Share	33.08	7.88	18.07	9.09	8.36	5.26	2.99	3.18	1.84	0.89
Total Shareholders' Equity	15.47M	3.76M	10.66M	11.72M	11.21M	8.57M	13.44M	78.35M	46.52M	23.82M
Common Stock	282K	61K	118K	134K	13K	33K	47K	250K	253K	279K
Retained Earnings	-109.7M	-123.83M	-125.19M	-127.13M	-127.68M	-134.12M	-135.89M	-138.59M	-172.13M	-197.92M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-83.81M	-55K	-903K	0	0	-12.36M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	64K	-1.85M	-892K	-490K	638K	-717K	-153K	10.9M	5.47M	4.59M
Operating CF Margin %	0.01%	-0.32%	-0.14%	-0.09%	0.1%	-0.33%	-0.02%	0.24%	0.17%	0.22%
Operating CF Growth %	-1%	-29.95%	0.52%	0.45%	2.3%	-2.12%	0.79%	72.23%	-0.5%	-0.16%
Net Income	-67.28M	-11.67M	-1.36M	-1.04M	-550K	-6.44M	-1.77M	-963K	-32.36M	-25.78M
Depreciation & Amortization	8.56M	2.26M	890K	526K	876K	520K	679K	9.81M	11.41M	8.42M
Stock-Based Compensation	948K	213K	323K	636K	41K	211K	549K	0	2.29M	1.27M
Deferred Taxes	53.48M	10.44M	0	-526K	0	0	0	-1.92M	-882K	-16K
Other Non-Cash Items	-110K	-1.58M	495K	318K	-140K	4.04M	-58K	1.76M	22.75M	18.27M
Working Capital Changes	4.47M	-1.52M	-350K	-404K	411K	948K	447K	2.21M	2.25M	2.43M
Change in Receivables	2.03M	580K	-125K	-10K	-49K	214K	-419K	-2.26M	851K	1.04M
Change in Inventory	-188K	-1.13M	-159K	0	0	0	0	0	0	0
Change in Payables	1.13M	-1.05M	-77K	-283K	100K	461K	-125K	4.88M	-60K	1.36M
Cash from Investing+	-566K	-193K	1.7M	-1.31M	-281K	-1.11M	-3.33M	-16.95M	2.83M	5.77M
Capital Expenditures	-3.62M	-193K	-299K	-1.31M	-376K	-699K	-1.6M	-6.64M	-3.87M	-2.58M
CapEx % of Revenue	0.35%	0.03%	0.05%	0.24%	0.06%	0.32%	0.26%	0.15%	0.12%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.05M	-448K	2M	2K	95K	-455K	500K	0	6.69M	8.35M
Cash from Financing+	-154K	1.21M	-50K	863K	-1.17M	3.15M	5.05M	6.04M	-9.36M	-5.98M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-1.74M	-1.19M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-125K	-103K	0	0	0	0	-38K	-307K	-151K	-133K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.56M	-2.05M	-1.19M	-1.8M	262K	-1.89M	-1.76M	4.25M	1.6M	-3.33M
FCF Margin %	-0.35%	-0.36%	-0.18%	-0.33%	0.04%	-0.87%	-0.28%	0.1%	0.05%	-0.16%
FCF Growth %	0.65%	0.42%	0.42%	-0.51%	1.15%	-8.22%	0.07%	3.42%	-0.62%	-3.07%
FCF per Share	-7.60	-4.29	-2.02	-1.40	0.20	-1.16	-0.39	0.17	0.06	-0.12
FCF Conversion (FCF/Net Income)	-0.00x	0.13x	0.66x	0.47x	-1.16x	0.11x	0.09x	-11.32x	-0.17x	-0.18x
Interest Paid	210K	442K	451K	119K	11K	5K	5K	0	806K	605K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-151.21%	-146.83%	-18.86%	-9.29%	-4.8%	-65.12%	-16.09%	-2.1%	-51.82%	-73.31%
Return on Invested Capital (ROIC)	-81.25%	-70.56%	-9.17%	-8.94%	-5.87%	-50%	-14%	5.52%	-38.68%	-58.79%
Gross Margin	28.59%	52.52%	36.52%	51.56%	69.92%	29%	60.87%	32.98%	9.79%	-1.34%
Net Margin	-902.25%	-245.74%	-20.78%	-18.78%	-8.95%	-297.83%	-28.61%	-2.16%	-100.12%	-125.05%
Debt / Equity	0.39x	1.60x	0.14x	0.08x	0.02x	0.06x	0.01x	0.17x	0.12x	0.03x
Interest Coverage	-262.60x	-26.99x	-1.93x	-10.82x	-71.82x	-383.57x	-25.18x	6.50x	-31.45x	-48.56x
FCF Conversion	-0.00x	0.13x	0.66x	0.47x	-1.16x	0.11x	0.09x	-11.32x	-0.17x	-0.18x
Revenue Growth	-68.2%	-44.19%	13.91%	-15.37%	10.92%	-64.81%	186.17%	620.09%	-27.46%	-36.2%

Revenue by Segment

	2014	2022	2023	2024
Natural Gas, Midstream	-	8.26M	3.96M	2.45M
Natural Gas, Midstream Growth	-	-	-52.00%	-38.09%
Oil	-	36.29M	-	-
Oil Growth	-	-	-	-
Oil and gas	32.38M	-	-	-
Oil and gas Growth	-	-	-	-

Revenue by Geography

	2014	2022	2023	2024
Mid-Continent	-	-	9.57M	7.67M
Mid-Continent Growth	-	-	-	-19.89%
Rockies	-	15.46M	10.39M	7.55M
Rockies Growth	-	-	-32.78%	-27.29%
Mid Continent	-	11.98M	-	-
Mid Continent Growth	-	-	-	-
South Texas	-	7.16M	-	-
South Texas Growth	-	-	-	-
West Texas	-	5.74M	-	-
West Texas Growth	-	-	-	-
Gulf Coast	-	4.22M	-	-
Gulf Coast Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

U.S. Energy Corp. (USEG) reported $10.2M in revenue for fiscal year 2024. This represents a 66% decrease from $30.1M in 2011.

U.S. Energy Corp. (USEG) saw revenue decline by 36.2% over the past year.

U.S. Energy Corp. (USEG) reported a net loss of $24.5M for fiscal year 2024.

Dividend & Returns

U.S. Energy Corp. (USEG) has a return on equity (ROE) of -73.3%. Negative ROE indicates the company is unprofitable.

U.S. Energy Corp. (USEG) had negative free cash flow of $16.8M in fiscal year 2024, likely due to heavy capital investments.

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U.S. Energy Corp. (USEG) 10-Year Financial Performance & Capital Metrics

USEG • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&POther Shale Play Operators

Revenue $21M -36.2%
EBITDA -$17M +26.7%
Net Income -$26M +20.3%
EPS (Diluted) -0.96 +25.0%
Gross Margin -1.34% -113.7%
EBITDA Margin -84% -14.9%
Operating Margin -124.83% -15.1%
Net Margin -125.05% -24.9%
ROE -73.31% -41.5%
ROIC -58.79% -52.0%
Debt/Equity 0.03 -79.4%
Interest Coverage -48.56 -54.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y sales CAGR of 27.4%
✓Trading at only 1.1x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.41%

5Y27.4%

3Y49.37%

TTM-56.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM26.9%

EPS CAGR

10Y-

5Y-

3Y-

TTM38.14%

ROCE

10Y Avg-37.78%

5Y Avg-28.32%

3Y Avg-27.4%

Latest-48.25%

Peer Comparison

Other Shale Play Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGYMagnolia Oil & Gas Corporation	4.12B	22.49	11.59	7.25%	25.9%	17.05%	10.48%	0.21
KGEIKolibri Global Energy Inc.	126.93M	3.59	7.04	15.84%	24.74%	8.88%	6.02%	0.18
REPXRiley Exploration Permian, Inc.	616.01M	28.04	6.58	9.37%	21.73%	15.25%	18.89%	0.54
MNRMach Natural Resources LP	1.85B	11.01	5.79	27.2%	28.51%	14.85%	15.37%	0.64
CHRDChord Energy Corporation	5.23B	91.94	5.74	34.76%	3.31%	2.11%	17.56%	0.12
CIVICivitas Resources, Inc.	2.27B	26.55	3.14	49.76%	13.56%	9.55%	39.44%	0.68
REIRing Energy, Inc.	201.01M	0.97	2.85	1.46%	-5.01%	-1.91%	18.95%	0.45
PEDPEDEVCO Corp.	51.29M	0.54	2.69	28.49%	28.75%	8.29%	24.56%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.3M	5.75M	6.54M	5.54M	6.14M	2.16M	6.19M	44.55M	32.32M	20.62M
Revenue Growth %	-0.68%	-0.44%	0.14%	-0.15%	0.11%	-0.65%	1.86%	6.2%	-0.27%	-0.36%
Cost of Goods Sold+	7.35M	2.73M	4.16M	2.68M	1.85M	1.53M	2.42M	29.86M	29.15M	20.89M
COGS % of Revenue	0.71%	0.47%	0.63%	0.48%	0.3%	0.71%	0.39%	0.67%	0.9%	1.01%
Gross Profit+	2.94M	3.02M	2.39M	2.86M	4.3M	627K	3.77M	14.7M	3.16M	-276K
Gross Margin %	0.29%	0.53%	0.37%	0.52%	0.7%	0.29%	0.61%	0.33%	0.1%	-0.01%
Gross Profit Growth %	-0.86%	0.03%	-0.21%	0.19%	0.5%	-0.85%	5.01%	2.9%	-0.78%	-1.09%
Operating Expenses+	14.33M	5.38M	3.7M	3.73M	5.09M	6M	5.2M	11.16M	38.2M	25.46M
OpEx % of Revenue	1.39%	0.94%	0.57%	0.67%	0.83%	2.77%	0.84%	0.25%	1.18%	1.23%
Selling, General & Admin	5.92M	2.85M	3.7M	3.73M	4.38M	2.65M	3.8M	11.16M	11.52M	8.2M
SG&A % of Revenue	0.57%	0.5%	0.57%	0.67%	0.71%	1.22%	0.61%	0.25%	0.36%	0.4%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	431K	2.53M	0	0	707.62K	3.35M	1.4M	0	26.68M	17.27M
Operating Income+	-69.06M	-11.93M	-988K	-1.15M	-790K	-5.37M	-1.44M	3.54M	-35.04M	-25.74M
Operating Margin %	-6.71%	-2.08%	-0.15%	-0.21%	-0.13%	-2.48%	-0.23%	0.08%	-1.08%	-1.25%
Operating Income Growth %	-26.76%	0.83%	0.92%	-0.16%	0.31%	-5.8%	0.73%	3.47%	-10.9%	0.27%
EBITDA+	-60.51M	-9.4M	-98K	-621K	38K	-4.9M	-846K	13.35M	-23.63M	-17.32M
EBITDA Margin %	-5.88%	-1.64%	-0.01%	-0.11%	0.01%	-2.27%	-0.14%	0.3%	-0.73%	-0.84%
EBITDA Growth %	-5.85%	0.84%	0.99%	-5.34%	1.06%	-130.03%	0.83%	16.78%	-2.77%	0.27%
D&A (Non-Cash Add-back)	8.56M	2.53M	890K	526K	828K	467K	589K	9.81M	11.41M	8.42M
EBIT	-67.02M	-11.23M	-848K	-934K	-775.38K	-2.43M	-862K	-2.31M	-32.13M	-25.23M
Net Interest Income+	-263K	-442K	-513K	-93K	-11K	-14K	-57K	-544K	-1.11M	-530K
Interest Income	0	0	0	13K	0	0	0	0	0	0
Interest Expense	263K	442K	513K	106K	11K	14K	57K	544K	1.11M	530K
Other Income/Expense	1.78M	257K	-372K	107K	240K	-1.11M	-335K	-6.39M	1.79M	-26K
Pretax Income+	-67.28M	-11.67M	-1.36M	-1.04M	-550K	-6.48M	-1.77M	-2.86M	-33.25M	-25.76M
Pretax Margin %	-6.53%	-2.03%	-0.21%	-0.19%	-0.09%	-3%	-0.29%	-0.06%	-1.03%	-1.25%
Income Tax+	0	0	-4.9M	0	0	-42K	0	-1.89M	-891K	20K
Effective Tax Rate %	1.38%	1.21%	1%	1%	1%	0.99%	1%	0.34%	0.97%	1%
Net Income+	-92.9M	-14.12M	-1.36M	-1.04M	-550K	-6.44M	-1.77M	-963K	-32.36M	-25.78M
Net Margin %	-9.02%	-2.46%	-0.21%	-0.19%	-0.09%	-2.98%	-0.29%	-0.02%	-1%	-1.25%
Net Income Growth %	-43.43%	0.85%	0.9%	0.24%	0.47%	-10.71%	0.73%	0.46%	-32.6%	0.2%
Net Income (Continuing)	-67.28M	-11.67M	-1.36M	-1.04M	-550K	-6.44M	-1.77M	-963K	-32.36M	-25.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-198.60	-29.61	-2.31	-0.81	-0.20	-3.94	-0.39	-0.04	-1.28	-0.96
EPS Growth %	-43.04%	0.85%	0.92%	0.65%	0.75%	-18.7%	0.9%	0.9%	-31.82%	0.25%
EPS (Basic)	-198.60	-29.64	-2.31	-0.81	-0.20	-3.94	-0.39	-0.04	-1.28	-0.96
Diluted Shares Outstanding	467.75K	476.8K	589.98K	1.29M	1.34M	1.63M	4.49M	24.67M	25.32M	26.72M
Basic Shares Outstanding	467.75K	476.41K	589.98K	1.29M	1.34M	1.63M	4.49M	24.67M	25.32M	26.72M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.84M	4.89M	5.92M	3.69M	2.69M	4.71M	5.97M	8.44M	8.37M	9.72M
Cash & Short-Term Investments	3.6M	2.52M	4.15M	2.88M	1.84M	3.04M	4.61M	4.52M	3.52M	7.85M
Cash Only	3.35M	2.52M	3.28M	2.34M	1.53M	2.85M	4.42M	4.41M	3.35M	7.72M
Short-Term Investments	251K	0	876K	536K	307K	181K	191K	107K	164K	131K
Accounts Receivable	1.14M	562K	687K	699K	716K	514K	1.01M	3.58M	2.74M	1.7M
Days Sales Outstanding	40.52	35.7	38.31	46.06	42.54	86.78	59.53	29.29	30.9	30.16
Inventory	1.95M	767K	1.02M	0	0	975K	0	313K	0	0
Days Inventory Outstanding	96.91	102.62	89.34	-	-	231.84	-	3.83	-	-
Other Current Assets	2.34M	862K	1.08M	0	138K	0	289K	-100K	2.03M	47K
Total Non-Current Assets+	26.3M	11.88M	9.4M	11.09M	10.77M	7.66M	11.69M	109.88M	72.07M	39.94M
Property, Plant & Equipment	26.09M	11.72M	9.33M	11.01M	10.75M	7.59M	8.79M	109.52M	71.77M	39.64M
Fixed Asset Turnover	0.39x	0.49x	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	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	35K	35K	0	0	0	0	0	0	0	0
Other Non-Current Assets	171K	121K	66K	78K	26K	65K	2.9M	354K	305K	300K
Total Assets+	33.13M	16.77M	15.32M	14.78M	13.47M	12.36M	17.66M	118.32M	80.44M	49.67M
Asset Turnover	0.31x	0.34x	0.43x	0.37x	0.46x	0.17x	0.35x	0.38x	0.40x	0.42x
Asset Growth %	-0.73%	-0.49%	-0.09%	-0.04%	-0.09%	-0.08%	0.43%	5.7%	-0.32%	-0.38%
Total Current Liabilities+	16.61M	10.93M	1.58M	1.67M	1.22M	2.21M	2.74M	11.49M	11.08M	12.35M
Accounts Payable	1.77M	743K	707K	670K	974K	1.46M	891K	2.57M	1.94M	2.2M
Days Payables Outstanding	88.12	99.41	62.11	91.15	192.38	346.45	134.33	31.37	24.34	38.38
Short-Term Debt	6M	6M	600K	937K	58K	375K	0	0	0	0
Deferred Revenue (Current)	1000K	0	-707K	0	0	0	0	0	0	0
Other Current Liabilities	7.49M	4.14M	211K	0	0	0	1.18M	5.87M	6.13M	1.85M
Current Ratio	0.41x	0.45x	3.74x	2.21x	2.20x	2.13x	2.18x	0.73x	0.76x	0.79x
Quick Ratio	0.29x	0.38x	3.10x	2.21x	2.20x	1.69x	2.18x	0.71x	0.76x	0.79x
Cash Conversion Cycle	49.31	38.91	65.54	-	-	-27.84	-	1.75	-	-
Total Non-Current Liabilities+	1.04M	2.08M	3.07M	1.39M	1.03M	1.59M	1.49M	28.47M	22.84M	13.5M
Long-Term Debt	0	0	937K	0	0	0	0	12M	5M	0
Capital Lease Obligations	0	0	0	0	142K	78K	19K	794K	611K	415K
Deferred Tax Liabilities	0	0	0	0	0	0	0	898K	16K	0
Other Non-Current Liabilities	1.04M	2.08M	2.13M	1.39M	892K	1.51M	1.47M	14.78M	17.22M	13.08M
Total Liabilities	17.66M	13.01M	4.65M	3.06M	2.26M	3.8M	4.23M	39.97M	33.92M	25.85M
Total Debt+	6M	6M	1.54M	937K	200K	518K	133K	12.98M	5.79M	611K
Net Debt	2.65M	3.48M	-1.74M	-1.4M	-1.33M	-2.34M	-4.29M	8.57M	2.44M	-7.11M
Debt / Equity	0.39x	1.60x	0.14x	0.08x	0.02x	0.06x	0.01x	0.17x	0.12x	0.03x
Debt / EBITDA	-	-	-	-	5.26x	-	-	0.97x	-	-
Net Debt / EBITDA	-	-	-	-	-35.05x	-	-	0.64x	-	-
Interest Coverage	-262.60x	-26.99x	-1.93x	-10.82x	-71.82x	-383.57x	-25.18x	6.50x	-31.45x	-48.56x
Total Equity+	15.47M	3.76M	10.66M	11.72M	11.21M	8.57M	13.44M	78.35M	46.52M	23.82M
Equity Growth %	-0.86%	-0.76%	1.84%	0.1%	-0.04%	-0.24%	0.57%	4.83%	-0.41%	-0.49%
Book Value per Share	33.08	7.88	18.07	9.09	8.36	5.26	2.99	3.18	1.84	0.89
Total Shareholders' Equity	15.47M	3.76M	10.66M	11.72M	11.21M	8.57M	13.44M	78.35M	46.52M	23.82M
Common Stock	282K	61K	118K	134K	13K	33K	47K	250K	253K	279K
Retained Earnings	-109.7M	-123.83M	-125.19M	-127.13M	-127.68M	-134.12M	-135.89M	-138.59M	-172.13M	-197.92M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-83.81M	-55K	-903K	0	0	-12.36M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	64K	-1.85M	-892K	-490K	638K	-717K	-153K	10.9M	5.47M	4.59M
Operating CF Margin %	0.01%	-0.32%	-0.14%	-0.09%	0.1%	-0.33%	-0.02%	0.24%	0.17%	0.22%
Operating CF Growth %	-1%	-29.95%	0.52%	0.45%	2.3%	-2.12%	0.79%	72.23%	-0.5%	-0.16%
Net Income	-67.28M	-11.67M	-1.36M	-1.04M	-550K	-6.44M	-1.77M	-963K	-32.36M	-25.78M
Depreciation & Amortization	8.56M	2.26M	890K	526K	876K	520K	679K	9.81M	11.41M	8.42M
Stock-Based Compensation	948K	213K	323K	636K	41K	211K	549K	0	2.29M	1.27M
Deferred Taxes	53.48M	10.44M	0	-526K	0	0	0	-1.92M	-882K	-16K
Other Non-Cash Items	-110K	-1.58M	495K	318K	-140K	4.04M	-58K	1.76M	22.75M	18.27M
Working Capital Changes	4.47M	-1.52M	-350K	-404K	411K	948K	447K	2.21M	2.25M	2.43M
Change in Receivables	2.03M	580K	-125K	-10K	-49K	214K	-419K	-2.26M	851K	1.04M
Change in Inventory	-188K	-1.13M	-159K	0	0	0	0	0	0	0
Change in Payables	1.13M	-1.05M	-77K	-283K	100K	461K	-125K	4.88M	-60K	1.36M
Cash from Investing+	-566K	-193K	1.7M	-1.31M	-281K	-1.11M	-3.33M	-16.95M	2.83M	5.77M
Capital Expenditures	-3.62M	-193K	-299K	-1.31M	-376K	-699K	-1.6M	-6.64M	-3.87M	-2.58M
CapEx % of Revenue	0.35%	0.03%	0.05%	0.24%	0.06%	0.32%	0.26%	0.15%	0.12%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.05M	-448K	2M	2K	95K	-455K	500K	0	6.69M	8.35M
Cash from Financing+	-154K	1.21M	-50K	863K	-1.17M	3.15M	5.05M	6.04M	-9.36M	-5.98M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-1.74M	-1.19M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-125K	-103K	0	0	0	0	-38K	-307K	-151K	-133K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.56M	-2.05M	-1.19M	-1.8M	262K	-1.89M	-1.76M	4.25M	1.6M	-3.33M
FCF Margin %	-0.35%	-0.36%	-0.18%	-0.33%	0.04%	-0.87%	-0.28%	0.1%	0.05%	-0.16%
FCF Growth %	0.65%	0.42%	0.42%	-0.51%	1.15%	-8.22%	0.07%	3.42%	-0.62%	-3.07%
FCF per Share	-7.60	-4.29	-2.02	-1.40	0.20	-1.16	-0.39	0.17	0.06	-0.12
FCF Conversion (FCF/Net Income)	-0.00x	0.13x	0.66x	0.47x	-1.16x	0.11x	0.09x	-11.32x	-0.17x	-0.18x
Interest Paid	210K	442K	451K	119K	11K	5K	5K	0	806K	605K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-151.21%	-146.83%	-18.86%	-9.29%	-4.8%	-65.12%	-16.09%	-2.1%	-51.82%	-73.31%
Return on Invested Capital (ROIC)	-81.25%	-70.56%	-9.17%	-8.94%	-5.87%	-50%	-14%	5.52%	-38.68%	-58.79%
Gross Margin	28.59%	52.52%	36.52%	51.56%	69.92%	29%	60.87%	32.98%	9.79%	-1.34%
Net Margin	-902.25%	-245.74%	-20.78%	-18.78%	-8.95%	-297.83%	-28.61%	-2.16%	-100.12%	-125.05%
Debt / Equity	0.39x	1.60x	0.14x	0.08x	0.02x	0.06x	0.01x	0.17x	0.12x	0.03x
Interest Coverage	-262.60x	-26.99x	-1.93x	-10.82x	-71.82x	-383.57x	-25.18x	6.50x	-31.45x	-48.56x
FCF Conversion	-0.00x	0.13x	0.66x	0.47x	-1.16x	0.11x	0.09x	-11.32x	-0.17x	-0.18x
Revenue Growth	-68.2%	-44.19%	13.91%	-15.37%	10.92%	-64.81%	186.17%	620.09%	-27.46%	-36.2%

Revenue by Segment

	2014	2022	2023	2024
Natural Gas, Midstream	-	8.26M	3.96M	2.45M
Natural Gas, Midstream Growth	-	-	-52.00%	-38.09%
Oil	-	36.29M	-	-
Oil Growth	-	-	-	-
Oil and gas	32.38M	-	-	-
Oil and gas Growth	-	-	-	-

Revenue by Geography

	2014	2022	2023	2024
Mid-Continent	-	-	9.57M	7.67M
Mid-Continent Growth	-	-	-	-19.89%
Rockies	-	15.46M	10.39M	7.55M
Rockies Growth	-	-	-32.78%	-27.29%
Mid Continent	-	11.98M	-	-
Mid Continent Growth	-	-	-	-
South Texas	-	7.16M	-	-
South Texas Growth	-	-	-	-
West Texas	-	5.74M	-	-
West Texas Growth	-	-	-	-
Gulf Coast	-	4.22M	-	-
Gulf Coast Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

U.S. Energy Corp. (USEG) reported $10.2M in revenue for fiscal year 2024. This represents a 66% decrease from $30.1M in 2011.

U.S. Energy Corp. (USEG) saw revenue decline by 36.2% over the past year.

U.S. Energy Corp. (USEG) reported a net loss of $24.5M for fiscal year 2024.

Dividend & Returns

U.S. Energy Corp. (USEG) has a return on equity (ROE) of -73.3%. Negative ROE indicates the company is unprofitable.

U.S. Energy Corp. (USEG) had negative free cash flow of $16.8M in fiscal year 2024, likely due to heavy capital investments.