USEG Earnings Prediction
The chart below shows how USEG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, USEG sees a -6.14% change in stock price 10 days leading up to the earnings, and a +1.42% change 10 days following the report. On the earnings day itself, the stock moves by +1.32%. This data can give you a slight idea of what to expect for the next quarter's release.
USEG Key Earning Data
2024/Q4
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USEG Earnings Analysis
U.S. Energy Corp. Common Stock (DE) Corporation (USEG.O) Earnings Conference Call
Positive
Montana Project Progress: Significant progress made on the recently acquired Montana project, with the completion of the first industrial gas well in late October.
Quarterly Production Increase: Third quarter net daily production reached 1,149 barrels of oil equivalent per day, showing sequential improvement over the first and second quarters of 2024.
Oil Production Focus: Oil accounted for 58% of total production in the third quarter, demonstrating a strong focus on optimizing oil assets.
Cost Management Success: Cash, general and administrative expenses decreased by 27% compared to the same period of 2023, reflecting effective cost management strategies.
Debt-Free Balance Sheet: The company reported zero debt outstanding on its $20 million credit facility, highlighting strong balance sheet integrity.
Negative
Oil and Gas Sales Decline: Total oil and gas sales for the quarter amounted to approximately $5 million, reflecting a decrease from $8.7 million in the same period last year.
Volume Decline Impact: This decline was attributed to a 30% reduction in volumes, partially offset by an 18% increase in realized prices.
Net Loss Improvement: The company reported a net loss of $2.2 million in the third quarter of 2024, an improvement of $6.6 million compared to the third quarter of 2023 due to a significant reduction in operating costs partially offset by reduced revenue.
EBITDA Decline Analysis: Our adjusted EBITDA stood at $1.1 million in the third quarter of 2024 compared to $1.7 million in the same period last year, influenced notably by a reduction in total cash general and administrative expense.
Administrative Expense Reduction: Cash, general and administrative expenses were $1.6 million for the third quarter of 2024 and are a reduction of 27% when compared to the same period of 2023.
USEG FAQs
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USEG Earning Call Sentiment
U.S. Energy Corp. (USEG) Q3 2024 Earnings Call Transcript
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USEG.O
-6.67%Positive
The earnings call reveals several challenges: a significant drop in sales and production volumes, operational and regulatory risks, and a net loss despite cost improvements. Although there is a share repurchase program, the market may focus on the operational struggles and production volatility. The Q&A section shows management's uncertainty about future revenue from the helium program, adding to the negative sentiment. Overall, the negative aspects outweigh the positive, suggesting a likely stock price decline of -2% to -8% over the next two weeks.
