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U.S. Energy (USEG)
:USEG
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.78Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 23.81%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were several positive developments such as progress on the Montana project, a strong balance sheet, and improved net loss, these were offset by notable challenges like decreased sales and high operating expenses. The company's strategic initiatives, including share repurchase and industrial gas focus, show promise for future growth.Company Guidance
During the third quarter 2024 earnings call for U.S. Energy Corporation, several key metrics and strategic updates were discussed. The company reported oil and gas sales of approximately $5 million, down from $8.7 million the previous year, primarily due to a 30% reduction in volumes, although offset by an 18% increase in realized prices. Their third quarter net daily production was 1,149 barrels of oil equivalent per day, with oil making up 58% of total production. The company highlighted the completion of its first industrial gas well in Montana and plans to drill a second well in early 2025, targeting helium concentrations of up to 1.5%. The sale of South Texas properties for $6.5 million was also noted, with proceeds supporting the company’s strategic initiatives, including its share repurchase program, which has seen 886,000 shares bought back at an average price of $1.17 per share. Furthermore, U.S. Energy reported a net loss of $2.2 million for the quarter, an improvement of $6.6 million year-over-year, and ended the quarter with zero debt outstanding on its $20 million credit facility. Looking forward, the company aims to build a robust industrial gas platform and anticipates a transformative year in 2025 as they continue to strategically allocate capital and leverage their strengths in the market.Progress on Montana Project
Successfully completed the first industrial gas well in Montana, with plans to drill a second well in early 2025. The initial well cost came in below projected drilling costs, and the project is expected to drive economic development with nonhydrocarbon helium concentrations of up to 1.5%.
Share Repurchase Program
Repurchased approximately 886,000 shares at an average price of $1.17 per share, representing 3% of outstanding shares. This activity underscores management's confidence in the company's valuation.
Strong Balance Sheet
Ended the quarter with no debt outstanding on a $20 million credit facility, maintaining a strong cash position and significant access to capital.
Improved Net Loss
Reported a net loss of $2.2 million, an improvement of $6.6 million compared to the third quarter of 2023, due to a significant reduction in operating costs.
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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 |
|---|---|---|---|
| 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% |
| Mar 26, 2024 | $1.14 | $1.06 | -7.02% |
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 U.S. Energy (USEG) report earnings?
U.S. Energy (USEG) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is U.S. Energy (USEG) earnings time?
U.S. Energy (USEG) earnings time is at Mar 26, 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 2024 (Q4) is -0.08.
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