U.S. Energy Balance Sheet Health
Financial Health criteria checks 4/6
U.S. Energy has a total shareholder equity of $38.5M and total debt of $2.5M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are $55.2M and $16.7M respectively.
Key information
6.50%
Debt to equity ratio
US$2.50m
Debt
| Interest coverage ratio | n/a |
| Cash | US$10.62m |
| Equity | US$38.48m |
| Total liabilities | US$16.72m |
| Total assets | US$55.19m |
Recent financial health updates
Analysis Article • Jan 07
Here's Why We're Not At All Concerned With U.S. Energy's (NASDAQ:USEG) Cash Burn Situation
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...Analysis Article • Oct 16
Here's Why U.S. Energy (NASDAQ:USEG) Can Afford Some Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Mar 26
Is U.S. Energy (NASDAQ:USEG) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Oct 28
Is U.S. Energy (NASDAQ:USEG) Using Debt Sensibly?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Recent updates
Narrative Update • Mar 06
USEG: Kevin Dome Progress And Gas Wells Will Support Stronger Shares
Analysts have adjusted their price target on U.S. Energy, citing updated views on revenue growth assumptions, a slightly different discount rate, and a revised future P/E multiple that together reshape how they value the stock in dollar terms. What's in the News U.S. Energy released a comprehensive operational update on its Montana based Kevin Dome project, outlining progress and future plans across its industrial gas and carbon management activities.
Narrative Update • Feb 20
USEG: Kevin Dome Hub Development Will Support Future Earnings Upside
Analysts have adjusted their price target on U.S. Energy to reflect a revised profit margin outlook of 14.02% and a forward P/E of 43.44x. The updated target is framed as a balanced view of the company’s earnings potential and risk profile.Narrative Update • Feb 06
USEG: Kevin Dome Gas Hub Progress Will Support Stronger Earnings Profile
Analysts have adjusted their price target on U.S. Energy to reflect a slightly higher expected P/E multiple and a modestly lower profit margin outlook, while keeping fair value assumptions essentially unchanged. What's in the News U.S. Energy outlined progress at its Kevin Dome project in Montana, describing it as a developing industrial gas and carbon management hub that combines helium production, CO2 recovery and sequestration, and enhanced oil recovery across company owned assets (Key Developments).Narrative Update • Jan 23
USEG: Higher Oil Mix And Margins Will Support Stronger Earnings Profile
U.S. Energy Narrative Update Analysts have adjusted their price target for U.S. Energy slightly, reflecting modest tweaks to assumptions around discount rate, profit margin and future P/E expectations, while maintaining the same fair value estimate in US$ terms. What's in the News U.S. Energy Corp.Narrative Update • Jan 08
USEG: Higher Oil Mix And Margins Will Support Stronger Earnings Profile
Analysts have modestly adjusted their price target on U.S. Energy, reflecting updated views on slightly higher profit margins and a lower forward P/E multiple, while keeping fair value essentially unchanged in dollar terms. What's in the News U.S. Energy Corp.Narrative Update • Dec 20
USEG: Future Oil-Weighted Production Mix Should Support Stronger Share Performance
Analysts have modestly reduced their price target on U.S. Energy, trimming fair value by approximately 15 percent, as slightly higher discount rate assumptions and expectations for softer profit margins outweigh a marginally stronger revenue growth outlook and a higher projected future P/E multiple. What's in the News Reported third quarter 2025 hydrocarbon production of approximately 35,326 BOE, with 75% from oil (company announcement) Total oil and gas sales fell to about USD 1.7 million in the third quarter of 2025 from USD 5.0 million a year earlier, reflecting the impact of the 2024 divestiture program (company announcement) Oil sales increased to 91% of total revenue in the third quarter of 2025, up from 88% in the third quarter of 2024 (company announcement) Recognized USD 869,000 in impairment of oil and natural gas properties for the three months ended September 30, 2025, down from USD 1,424,000 a year earlier (company filing) Valuation Changes The fair value estimate has fallen modestly from 3.5 to 3.0 per share, reflecting a roughly 15 percent reduction in the intrinsic value assessment.Narrative Update • Dec 06
USEG: Higher Oil Weighting Will Support Stronger Long Term Earnings Profile
Analysts have modestly raised their price target on U.S. Energy by approximately $2.50 per share, citing expectations of slightly faster long term revenue growth and a higher future earnings multiple, which more than offset a small downward revision to projected profit margins. What's in the News Reported third quarter 2025 hydrocarbon production of approximately 35,326 BOE, with 75% of volumes from oil (company announcement) Total oil and gas sales for the third quarter of 2025 were about $1.7 million, down from $5.0 million in the same quarter of 2024, largely due to asset divestitures completed in 2024 (company announcement) Oil sales accounted for 91% of total revenue in the third quarter of 2025, up from 88% in the prior year period, highlighting a shift toward higher oil weighting in the portfolio (company announcement) Recorded impairment of oil and natural gas properties of $869,000 for the three months ended September 30, 2025, an improvement from $1.4 million a year earlier (company filing) Valuation Changes Fair Value: Unchanged at an implied long term value of $2.50 per share, reflecting stable core assumptions.Narrative Update • Nov 22
USEG: Projected Oil Revenue Mix Will Drive Future Performance
Narrative Update: U.S. Energy Analyst Price Target Revised The analyst price target for U.S. Energy has been reduced from $2.83 to $2.50 as analysts cite shifting assumptions in growth rates and updated valuation estimates. What's in the News U.S. Energy Corp.Analysis Article • Nov 08
Some Shareholders Feeling Restless Over U.S. Energy Corp.'s (NASDAQ:USEG) P/S Ratio
When you see that almost half of the companies in the Oil and Gas industry in the United States have price-to-sales...Analysis Article • Jun 12
U.S. Energy Corp.'s (NASDAQ:USEG) 29% Share Price Surge Not Quite Adding Up
U.S. Energy Corp. ( NASDAQ:USEG ) shareholders would be excited to see that the share price has had a great month...Analysis Article • May 15
Need To Know: Analysts Just Made A Substantial Cut To Their U.S. Energy Corp. (NASDAQ:USEG) Estimates
The latest analyst coverage could presage a bad day for U.S. Energy Corp. ( NASDAQ:USEG ), with the analysts making...Analysis Article • May 09
We Think Shareholders May Want To Consider A Review Of U.S. Energy Corp.'s (NASDAQ:USEG) CEO Compensation Package
Key Insights U.S. Energy to hold its Annual General Meeting on 16th of May CEO Ryan Smith's total compensation includes...
New Narrative • Apr 10
Montana Industrial Gas Plan Will Unlock New Processing Opportunities
Strategic expansion in industrial gas, focusing on CO2 and helium, and transition to manufacturing phase aim to boost revenue and margin growth.Analysis Article • Jan 07
Here's Why We're Not At All Concerned With U.S. Energy's (NASDAQ:USEG) Cash Burn Situation
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...Analysis Article • Oct 16
U.S. Energy Corp.'s (NASDAQ:USEG) 46% Price Boost Is Out Of Tune With Revenues
U.S. Energy Corp. ( NASDAQ:USEG ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Oct 16
Here's Why U.S. Energy (NASDAQ:USEG) Can Afford Some Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Apr 20
U.S. Energy Corp.'s (NASDAQ:USEG) Shares Bounce 25% But Its Business Still Trails The Industry
U.S. Energy Corp. ( NASDAQ:USEG ) shareholders have had their patience rewarded with a 25% share price jump in the last...Analysis Article • Mar 26
Is U.S. Energy (NASDAQ:USEG) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Dec 21
A Look At The Fair Value Of U.S. Energy Corp. (NASDAQ:USEG)
Key Insights The projected fair value for U.S. Energy is US$1.08 based on 2 Stage Free Cash Flow to Equity U.S...Analysis Article • Oct 28
Is U.S. Energy (NASDAQ:USEG) Using Debt Sensibly?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jul 25
Does U.S. Energy (NASDAQ:USEG) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 16
We Think U.S. Energy (NASDAQ:USEG) Has A Fair Chunk Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Financial Position Analysis
Short Term Liabilities: USEG's short term assets ($12.5M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: USEG's short term assets ($12.5M) exceed its long term liabilities ($10.2M).
Debt to Equity History and Analysis
Debt Level: USEG has more cash than its total debt.
Reducing Debt: USEG's debt to equity ratio has increased from 1.5% to 6.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: USEG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: USEG has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 38.2% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 15:43 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
U.S. Energy Corp. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Meade | Johnson Rice & Company, L.L.C. |
| Noel Parks | Ladenburg Thalmann & Company |
| Curtis Trimble | Seaport Research Partners |