U.S. Energy Corp. (USEG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1616 S. VOSS, SUITE 725 HOUSTON, TX 77057 |
| State of Incorp. | WY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,518 | 4,613 | 3,035 | 1,532 | 2,340 | 3,277 | |||
| Cash and cash equivalents | 4,411 | 4,422 | 2,854 | 1,532 | 2,340 | 3,277 | |||
| Short-term investments | 107 | 191 | 181 | ||||||
| Receivables | 3,193 | 933 | 514 | 716 | 699 | 687 | |||
| Derivative instruments and hedges, assets | |||||||||
| Disposal group, including discontinued operation | 114 | ||||||||
| Asset, held-for-sale, not part of disposal group | 175 | 250 | 975 | 653 | |||||
| Other current assets | 558 | 113 | 61 | ||||||
| Other undisclosed current assets | 179 | 184 | 445 | 536 | 1,126 | ||||
| Total current assets: | 8,444 | 5,975 | 4,708 | 2,693 | 3,688 | 5,918 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 868 | 120 | 127 | 179 | ✕ | ✕ | |||
| Property, plant and equipment | 651 | 188 | |||||||
| Oil and gas property, full cost method | 108,003 | 8,481 | 7,438 | 7,615 | |||||
| Derivative instruments and hedges | |||||||||
| Other noncurrent assets | 354 | 132 | 65 | 26 | 78 | 1,783 | |||
| Other undisclosed noncurrent assets | 2,767 | 25 | 2,115 | 2,249 | |||||
| Total noncurrent assets: | 109,876 | 11,688 | 7,655 | 2,320 | 2,327 | 9,398 | |||
| Other undisclosed assets | 8,454 | 8,763 | |||||||
| TOTAL ASSETS: | 118,320 | 17,663 | 12,363 | 13,467 | 14,778 | 15,316 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,832 | 1,447 | 1,457 | 974 | 670 | ||||
| Accounts payable | 2,566 | ||||||||
| Accrued liabilities | 385 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 4,881 | 1,447 | 1,457 | 974 | 670 | ||||
| Debt | 58 | 937 | 600 | ||||||
| Deferred compensation liability | |||||||||
| Derivative instruments and hedges, liabilities | 1,694 | 161 | |||||||
| Asset retirement obligation | 668 | ||||||||
| Due to related parties | ✕ | 375 | 50 | ||||||
| Other undisclosed current liabilities | 1,300 | 1,295 | 377 | 191 | 63 | 771 | |||
| Total current liabilities: | 11,494 | 2,742 | 2,209 | 1,223 | 1,670 | 1,582 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12,000 | 19 | 78 | 142 | 937 | ||||
| Long-term debt, excluding current maturities | 12,000 | 937 | |||||||
| Liabilities, other than long-term debt | 16,472 | 1,467 | 1,414 | 819 | 964 | 935 | |||
| Accounts payable and accrued liabilities | 25 | 22 | |||||||
| Asset retirement obligations | 14,774 | 1,461 | 1,408 | 819 | 939 | 913 | |||
| Deferred income tax liabilities | 898 | ✕ | ✕ | ||||||
| Other liabilities | 6 | 6 | 6 | ||||||
| Operating lease, liability | 794 | 19 | 78 | 142 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 95 | 73 | 425 | 1,200 | |||||
| Total noncurrent liabilities: | 28,472 | 1,486 | 1,587 | 1,034 | 1,389 | 3,072 | |||
| Total liabilities: | 39,966 | 4,228 | 3,796 | 2,257 | 3,059 | 4,654 | |||
| Temporary equity, carrying amount | 2,000 | 2,000 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 78,354 | 13,435 | 8,567 | 9,210 | 9,719 | 10,662 | |||
| Preferred stock | 1 | ||||||||
| Common stock | 250 | 47 | 33 | 13 | 134 | 118 | |||
| Additional paid in capital | 216,690 | 149,276 | 142,652 | 136,876 | 136,714 | 136,631 | |||
| Accumulated other comprehensive loss | (903) | ||||||||
| Accumulated deficit | (138,586) | (135,888) | (134,118) | (127,679) | (127,129) | (125,185) | |||
| Total equity: | 78,354 | 13,435 | 8,567 | 9,210 | 9,719 | 10,662 | |||
| TOTAL LIABILITIES AND EQUITY: | 118,320 | 17,663 | 12,363 | 13,467 | 14,778 | 15,316 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 44,552 | 6,658 | 2,330 | 6,573 | 5,539 | 6,545 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,545 | |
| Gross profit: | 44,552 | 6,658 | 2,330 | 6,573 | 5,539 | 6,545 | ||
| Operating expenses | (41,014) | (8,093) | (7,700) | (7,363) | (6,686) | (7,533) | ||
| Operating income (loss): | 3,538 | (1,435) | (5,370) | (790) | (1,147) | (988) | ||
| Nonoperating income (expense) | (6,394) | (335) | (1,111) | 240 | 107 | (372) | ||
| Investment income, nonoperating | 777 | |||||||
| Interest and debt expense | (11) | (106) | (4,440) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (2,856) | (1,770) | (6,481) | (561) | (1,146) | (5,800) | ||
| Other undisclosed income from continuing operations before income taxes | 106 | 4,440 | ||||||
| Loss from continuing operations before income taxes: | (2,856) | (1,770) | (6,481) | (561) | (1,040) | (1,360) | ||
| Income tax expense (benefit) | 1,893 | 42 | ||||||
| Other undisclosed loss from continuing operations | (361) | (329) | (514) | |||||
| Loss from continuing operations: | (963) | (1,770) | (6,439) | (922) | (1,369) | (1,874) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (1,770) | (6,439) | (922) | (1,369) | (1,874) | |
| Net loss: | (963) | (1,770) | (6,439) | (922) | (1,369) | (1,874) | ||
| Other undisclosed net income attributable to parent | 372 | 329 | 514 | |||||
| Net loss attributable to parent: | (963) | (1,770) | (6,439) | (550) | (1,040) | (1,360) | ||
| Preferred stock dividends and other adjustments | (372) | (329) | (514) | |||||
| Other undisclosed net income available to common stockholders, basic | 20 | |||||||
| Net loss available to common stockholders, diluted: | (963) | (1,770) | (6,419) | (922) | (1,369) | (1,874) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (963) | (1,770) | (6,439) | (922) | (1,369) | (1,874) | ||
| Comprehensive loss: | (963) | (1,770) | (6,439) | (922) | (1,369) | (1,874) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 329 | (334) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (963) | (1,770) | (6,439) | (922) | (1,040) | (2,208) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.