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US Energy (USEG)
NASDAQ:USEG
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.38Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -27.27%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strategic shift towards industrial gas development with significant progress in Montana and a strong capital position. However, the company faces challenges with declining oil and gas sales and a delayed timeline for industrial gas production. Despite these challenges, the strategic initiatives and clean balance sheet position US Energy for future growth.Company Guidance
During U.S. Energy Corporation's fourth quarter and year-end 2024 results conference call, key guidance focused on the progression of their Montana industrial gas project. The company highlighted a strategic expansion with the acquisition of approximately 24,000 net acres, bringing their total to around 160,000 net acres at the Kevin Dome, which includes a CO2 dominant pay zone with significant helium concentrations. U.S. Energy plans to initiate workover operations on two wells in April 2025 and drill two additional wells by June, aiming to gather critical data such as flow rates and gas composition. The company projects to move into the plant manufacturing phase by the end of the second quarter of 2025. Additionally, they are advancing their carbon sequestration efforts, optimizing existing permits, and aligning with federal incentives. Financially, U.S. Energy reported a decrease in total oil and gas sales to $4.2 million for Q4 2024, down from $7.3 million in the prior year, attributed to a 36% reduction in volumes mainly due to divestitures. The company ended 2024 debt-free, maintaining a strong balance sheet with a cash position over $7.7 million and no outstanding borrowings on their $20 million credit facility. Capital expenditures for 2024 included $6.5 million on the industrial gas project.Successful Drilling and Expansion in Montana
US Energy successfully drilled its first industrial gas well in Montana and acquired approximately 24,000 net acres, expanding its footprint to 160,000 net acres in the Kevin Dome region. This strategic acquisition targets CO2 dominant pay zones with significant helium concentrations.
Capital Strategy and Debt Elimination
The company eliminated its outstanding debt through the sale of South Texas and East Texas assets for $6 million and $6.8 million, respectively. This provided additional capital for the Montana development efforts and resulted in a clean balance sheet.
Share Repurchase Program and Executive Investment
US Energy repurchased approximately 1.7 million shares, representing 4% of the outstanding share count, and the executive team increased their personal holdings, indicating strong confidence in the company's valuation.
Carbon Sequestration Progress
Substantial progress was made on the carbon sequestration component of the Montana project, with plans to optimize existing Class 2 injection permits and advance the monitoring, reporting, and verification process to leverage federal CO2 sequestration incentives.
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USEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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USEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $1.43 | $1.26 | -11.89% |
| Nov 12, 2024 | $1.47 | $1.42 | -3.40% |
| Aug 07, 2024 | $0.92 | $0.93 | +1.09% |
| May 09, 2024 | $1.18 | $1.15 | -2.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does US Energy (USEG) report earnings?
US Energy (USEG) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is US Energy (USEG) earnings time?
US Energy (USEG) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is USEG EPS forecast?
USEG EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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