U.S. Energy Corporation reported its financial and operating results for the three months ended March 31, 2025, on May 12, 2025. The company's total revenue for the first quarter was $2.2 million, a 59% decrease from Q1 2024, primarily due to the effects of its divestiture program and lower oil pricing.
The company recorded a net loss of $3.1 million, or $0.10 per diluted share, and an Adjusted EBITDA of ($1.5) million for the quarter. Despite these financial outcomes from its legacy assets, U.S. Energy maintained a debt-free balance sheet, ending the period with approximately $10.5 million in cash and equivalents and $30.5 million in available liquidity.
The Montana industrial gas development project is progressing on schedule, with plant construction set to begin in July. The company also continued its share repurchase program, buying back approximately 832,000 shares year-to-date, representing 2.5% of outstanding shares, reflecting confidence in its long-term strategy and commitment to shareholder value.
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