U.S. Energy (USEG)
NASDAQ:USEG
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US Energy
(NASDAQ:USEG)
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Rating:49Neutral
Price Target:
$0.92
▼(-7.80% Downside)
Action:ReiteratedDate:04/28/26
The score is held back primarily by weak financial performance (recent revenue decline, large losses, and significant TTM cash burn, plus concerning TTM balance sheet figures). Corporate events provide an offset via de-risking steps (contracted helium offtake and improved funding/financing flexibility), but technicals remain mixed and valuation is constrained by ongoing losses and no dividend support.
Positive Factors
Contracted Helium Offtake
A five-year take-or-pay offtake with an investment-grade buyer secures predictable, contractually backed cash flows for Phase 1 helium output. This materially de-risks initial revenue, reduces commodity price exposure for that stream and strengthens project bankability for near-term financing and execution.
Negative Factors
Weak Profitability & Revenue Decline
Sharp revenue declines and sustained net losses indicate structural operating or pricing issues that impair internal capital generation. Persistent negative gross profit undermines margin sustainability and suggests the core upstream economics are currently insufficient to support corporate overhead and project development without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted Helium Offtake
A five-year take-or-pay offtake with an investment-grade buyer secures predictable, contractually backed cash flows for Phase 1 helium output. This materially de-risks initial revenue, reduces commodity price exposure for that stream and strengthens project bankability for near-term financing and execution.
Read all positive factors
US Energy (USEG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$59.97M
Dividend YieldN/A
Average Volume (3M)5.43M
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-64.34%
EPS Growth54.73%
CountryUS
Employees20
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.44
Shares Outstanding53,069,190
10 Day Avg. Volume2,611,779
30 Day Avg. Volume5,434,072
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.29
Price to Sales (P/S)4.25
P/FCF Ratio-1.63
Enterprise Value/Market Cap0.68
Enterprise Value/Revenue5.55
Enterprise Value/Gross Profit-18.08
Enterprise Value/Ebitda-6.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.16
Revenue Forecast (FY)$10.29M
US Energy Business Overview & Revenue Model
Company Description
U.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 Ba...
How the Company Makes Money
USEG primarily makes money by selling the crude oil and natural gas (and associated natural gas liquids, if produced) generated from its oil and gas properties. Revenue is driven by (1) production volumes attributable to its working interests and ...
US Energy Earnings Call Summary
Earnings Call Date:Aug 12, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call highlighted successful developments in the Montana industrial gas project and significant resource confirmation, demonstrating progress in U.S. Energy's strategic transformation. However, revenue decline and lower-than-expected helium concentrations are challenges that need addressing. Overall, the call reflects a balanced outlook with both achievements and challenges.Positive Updates
Successful Development of Montana Industrial Gas Project
Completed the initial phase of development, including drilling of 2 new wells targeting helium and CO2, and managing production to optimize reservoir performance.
Negative Updates
Revenue Decline
Revenue dropped to approximately $2 million from $6 million in the same quarter last year due to divestitures.
Read all updates
Q2-2025 Updates
Positive
Negative
Successful Development of Montana Industrial Gas Project
Completed the initial phase of development, including drilling of 2 new wells targeting helium and CO2, and managing production to optimize reservoir performance.
Read all positive updates
Company Guidance
During the second quarter of 2025, U.S. Energy Corporation reported significant strides in its Montana-based industrial gas project, with the completion of the initial development phase on track to bring operations online. This phase involved drilling two new wells and optimizing production to approximately 8 million cubic feet per day with a premium gas composition of 85% CO2, 5% natural gas, and 0.4% helium. The company reported net contingent resources of 444 billion cubic feet of CO2 and 1.3 billion cubic feet of helium. Plans for the Kevin Dome processing plant are underway, with construction costs projected to be under $10 million. U.S. Energy also highlighted its carbon management strategy, with injection wells supporting a sequestration capacity of approximately 240,000 metric tons of CO2 annually. Financially, the company posted $2 million in revenue, with a lease operating expense of $1.6 million or $32.14 per BOE. The balance sheet showed no debt on a $20 million revolving credit facility, and a cash position of over $6.7 million, bolstered by net proceeds from an equity offering.US Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.35M | 20.62M | 32.32M | 44.55M | 6.19M |
| Gross Profit | -2.26M | -276.00K | 3.16M | 14.70M | 3.77M |
| EBITDA | -6.54M | -16.81M | -20.72M | 7.50M | -273.00K |
| Net Income | -14.37M | -25.78M | -32.36M | -963.00K | -1.77M |
Balance Sheet | |||||
| Total Assets | 40.63M | 49.67M | 80.44M | 118.32M | 17.66M |
| Cash, Cash Equivalents and Short-Term Investments | 575.00K | 7.85M | 3.52M | 4.52M | 4.61M |
| Total Debt | 2.92M | 611.00K | 5.79M | 12.98M | 133.00K |
| Total Liabilities | 16.43M | 25.85M | 33.92M | 39.97M | 4.23M |
| Stockholders Equity | 24.20M | 23.82M | 46.52M | 78.35M | 13.44M |
Cash Flow | |||||
| Free Cash Flow | -19.21M | -3.33M | 1.60M | 4.25M | -1.76M |
| Operating Cash Flow | -7.14M | 4.59M | 5.47M | 10.90M | -153.00K |
| Investing Cash Flow | -11.88M | 5.77M | 2.83M | -16.95M | -3.33M |
| Financing Cash Flow | 11.73M | -5.98M | -9.36M | 6.04M | 5.05M |
US Energy Technical Analysis
Negative
1.00
Price Trends
0.98
Negative
0.99
Negative
1.09
Negative
Market Momentum
-0.08
Positive
34.11
Neutral
33.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For USEG, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.86, above the 50-day MA of 0.98, and below the 200-day MA of 1.09, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 34.11 is Neutral, neither overbought nor oversold. The STOCH value of 33.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for USEG.
US Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $76.47M | 10.31 | 689.28% | 12.50% | 75.78% | 85.87% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | $59.97M | -2.17 | -51.91% | ― | -64.34% | 54.73% | |
| ― | $34.19M | 9.08 | 13.14% | 11.00% | -6.83% | -8.70% | |
43 Neutral | $4.38M | -0.05 | -69.23% | ― | 16.26% | -348.37% |
* Energy Sector Average
USEG
US Energy
1.13
<0.01
0.89%
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108.68%
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-19.16%
VIVK
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INDO
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37.45%
US Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
US Energy Secures Long-Term Helium Sales Agreement
Positive
Apr 27, 2026
U.S. Energy Corp., listed on Nasdaq as USEG, is building an integrated energy and carbon management platform centered on its wholly owned Big Sky Carbon Hub and Cut Bank oil field in Montana. The company generates three distinct revenue streams fr...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
US Energy Secures Funding, Advances Big Sky Carbon Hub
Positive
Apr 20, 2026
On April 17, 2026, U.S. Energy Corp. amended its senior secured credit agreement, doubling the borrowing base to $20 million, fixing the interest margin at 2.00 percentage points over the alternate base rate, and suspending quarterly financial cov...
Business Operations and Strategy
US Energy Advances Big Sky Carbon Hub Processing Project
Positive
Mar 18, 2026
On March 18, 2026, U.S. Energy Corp. announced it had reached a Final Investment Decision to construct a processing facility at its Big Sky Carbon Hub in Montana’s Kevin Dome and had begun capital spending, underpinned by a fixed‑scope...
Business Operations and StrategyPrivate Placements and Financing
US Energy Completes Underwritten Equity Offering for Growth
Positive
Mar 11, 2026
On March 9, 2026, U.S. Energy Corp. entered into an underwriting agreement with Roth Capital Partners for a previously announced underwritten offering of 8,800,000 shares of common stock at $1.00 per share. The agreement includes customary represe...
Financial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
US Energy Discloses Additional Unregistered Common Stock Sales
Neutral
Mar 4, 2026
U.S. Energy Corp. has been selling shares of common stock to Roth Principal Investments, LLC under a $25 million Common Stock Purchase Agreement first executed on October 9, 2025. Since a prior disclosure on February 10, 2026, the company has issu...
Business Operations and Strategy
U.S. Energy Highlights Strategy at Emerging Growth Conference
Positive
Feb 25, 2026
On February 25, 2026, U.S. Energy Corp. posted its February 2026 investor presentation on its website, offering updated materials for investors and analysts reviewing the company. This updated presentation provides the market with fresh context on...
Private Placements and FinancingRegulatory Filings and Compliance
US Energy Expands Equity Financing Through Private Share Sales
Neutral
Feb 13, 2026
U.S. Energy Corp. disclosed that, under a Common Stock Purchase Agreement signed on October 9, 2025, with Roth Principal Investments, it may sell up to $25 million of its common stock at its discretion, subject to specified conditions. Between its...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.