U.S. Energy Corporation posts Q3 net loss as sales decline

Reuters11-12
U.S. Energy Corporation posts Q3 net loss as sales decline

U.S. Energy Corporation reported total oil and gas sales of approximately $1.7 million for the third quarter of 2025, down from $5.0 million in the same period of 2024. Oil sales accounted for 91% of total revenue this quarter, up from 88% in the prior year. The company produced 35,326 BOE, with 75% attributed to oil. Lease operating expenses were about $1.0 million, or $29.4 per BOE, compared to $3.1 million, or $29.0 per BOE, in the third quarter of 2024. Cash general and administrative expenses were approximately $1.7 million, a 15% decrease from $2.0 million the previous year. U.S. Energy reported a net loss of $3.3 million, or $0.10 per diluted share, and adjusted EBITDA of negative $1.3 million for the quarter. The company ended the period with $1.4 million in cash and $11.4 million in available liquidity. Business developments included ongoing progress on the Montana industrial gas project, completion of the initial processing facility design, and continued infrastructure build-out at the Kevin Dome.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Energy Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9573726-en) on November 12, 2025, and is solely responsible for the information contained therein.
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