U.S. Energy Corporation reported its financial and operating results for the three months ended June 30, 2025, on August 12, 2025. The company's total revenue for the second quarter was $2.0 million, a decrease from $6.1 million in Q2 2024, primarily reflecting the impact of its divestiture program and declining oil pricing.
The company recorded a net loss of $6.1 million, or $0.19 per diluted share, and an Adjusted EBITDA of ($1.2) million for the quarter. U.S. Energy maintained a debt-free balance sheet, ending the period with approximately $26.7 million in available liquidity, supporting its ongoing strategic investments.
A significant highlight was the release of an initial third-party industrial gas resource report prepared by Ryder Scott, which confirmed 1.28 billion cubic feet (BCF) of net helium resources and 443.8 BCF of net CO2 resources on its initial target development area across the Kevin Dome asset. This report validates the vast potential of the company's core industrial gas project. Processing facility construction is expected to commence in the coming months, with first revenues projected for the first half of 2026.
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