Monday, August 10, 2015 2:58:07 PM
Here are my impression of the important parts of the Q2 2015 report.
1: They lost money of $700K, after backing out the impairment and depreciation expenses. The company is not producing enough oil/gas to break even and the hedges are not covering the losses.
2: They may need to sell off assets or raise more capital to make payments. Payable, without the debt, is $9 million with only current assets of $6.1 million to pay that. With operations losing money, the only place to get the money to cover payable would be to sell off land/rights or issue more stock/debt.
3: One of the big additions to cash this quarter was $1.5 million from a settlement, which will not be happening in future quarters.
Louis J. Desy Jr.
Recent USEG News
- U.S. Energy Corp. Reports Financial and Operating Results for Full Year and Fourth Quarter 2023 • GlobeNewswire Inc. • 03/26/2024 08:30:00 PM
- U.S. Energy Corp. Announces Fourth Quarter and Year End 2023 Results Conference Call Date • GlobeNewswire Inc. • 03/21/2024 11:05:00 AM
- U.S. Energy Corp. Announces Extension of $5.0 Million Share Repurchase Program • GlobeNewswire Inc. • 03/21/2024 11:00:00 AM
- U.S. Energy Corp. Announces Its Participation in Upcoming Investor Conference • GlobeNewswire Inc. • 03/12/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 09:00:20 PM
- U.S. Energy Corp. Announces Completion of Asset Divestitures and Provides Liquidity Update • GlobeNewswire Inc. • 01/10/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 11:33:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:16:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:15:55 PM
- U.S. Energy Corp. Reports Financial and Operating Results for Third Quarter 2023 • GlobeNewswire Inc. • 11/13/2023 09:15:00 PM
- U.S. Energy Corp. Reports Financial and Operating Results for Second Quarter 2023 • GlobeNewswire Inc. • 08/14/2023 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 10:15:20 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 10:10:41 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2023 09:29:50 PM
- U.S. Energy Corp. Announces Appointment of New Chief Financial Officer • GlobeNewswire Inc. • 06/05/2023 08:15:00 PM
- U.S. Energy Corp. Reports Financial and Operating Results for First Quarter 2023 • GlobeNewswire Inc. • 05/11/2023 08:30:00 PM
- U.S. Energy Corp. Announces Its Participation at the Inaugural EF Hutton Global Conference on May 10, 2023 • GlobeNewswire Inc. • 05/09/2023 11:00:00 AM
- U.S. Energy Corp. Declares Quarterly Cash Dividend • GlobeNewswire Inc. • 05/08/2023 08:20:00 PM
- U.S. Energy Corp. Announces $5.0 Million Share Repurchase Program • GlobeNewswire Inc. • 04/27/2023 11:05:00 AM
- U.S. Energy Corp. Reports Fourth Quarter and Full Year 2022 Financial and Operating Results • GlobeNewswire Inc. • 04/13/2023 08:45:00 PM
FEATURED POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • Mar 27, 2024 10:52 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM