Financial Statements — USEG
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 5.99 | 10.45 | 1.42 | 6.73 | 10.50 | 1.16 | 2.22 | 2.01 | 1.97 | 1.18 | 2.42 | 3.09 | 2.47 | 1.45 | 6.96 | 6.58 | 7.24 |
| Short-term Investments | 0.12 | 0.17 | 0.31 | 0.21 | 0.07 | 0.11 | 0.16 | 0.18 | 0.16 | 0.09 | 0.11 | 0.11 | 0.15 | 0.27 | 0.25 | 0.25 | 0.23 |
| Accounts Receivable | 0.63 | 0.71 | 0.49 | 0.57 | 0.61 | 1.42 | 1.90 | 2.09 | 3.49 | 2.71 | 2.05 | 4.52 | 6.13 | 4.27 | 1.08 | 0.72 | 0.56 |
| Total Current Assets | 7.91 | 12.49 | 2.80 | 8.22 | 12.09 | 3.39 | 5.19 | 5.40 | 6.67 | 5.14 | 5.91 | 8.27 | 9.90 | 7.01 | 8.82 | 8.99 | 9.56 |
| Property, Plant & Equipment | 0.32 | 0.28 | 0.37 | 0.41 | 0.46 | 0.73 | 0.79 | 0.84 | 0.96 | 0.91 | 0.86 | 0.63 | 0.59 | 0.49 | -- | -- | -- |
| Total Non-current Assets* | 48.04 | 42.70 | 43.70 | 42.78 | 43.74 | 60.69 | 68.49 | 64.87 | 101.49 | 107.67 | 109.06 | 110.72 | 99.08 | 98.01 | 8.78 | 8.64 | 8.09 |
| Total Assets | 55.95 | 55.19 | 46.50 | 50.99 | 55.84 | 64.08 | 73.68 | 70.27 | 108.16 | 112.81 | 114.97 | 118.99 | 108.98 | 105.02 | 17.60 | 17.63 | 17.65 |
| Accounts Payable | 1.88 | 1.89 | 3.98 | 5.19 | 2.76 | 4.31 | 3.81 | 3.70 | 8.84 | 8.46 | 7.64 | 8.20 | 6.92 | 4.91 | 0.73 | 0.81 | 0.95 |
| Total Current Liabilities | 6.52 | 6.52 | 8.47 | 10.77 | 8.77 | 10.88 | 10.36 | 10.50 | 12.10 | 9.92 | 9.20 | 13.23 | 16.11 | 13.56 | 1.42 | 1.57 | 1.38 |
| Total Non-current Liabilities* | 12.39 | 10.20 | 12.99 | 12.27 | 13.50 | 17.46 | 25.59 | 23.03 | 29.88 | 28.55 | 28.68 | 25.44 | 16.56 | 15.31 | 1.50 | 1.58 | 1.70 |
| Total Liabilities | 18.91 | 16.72 | 21.46 | 23.03 | 22.28 | 28.34 | 35.95 | 33.53 | 41.99 | 38.47 | 37.88 | 38.67 | 32.67 | 28.87 | 2.92 | 3.15 | 3.08 |
| Retained Earnings | (217.38) | (215.10) | (210.43) | (207.09) | (201.03) | (185.89) | (183.64) | (181.67) | (152.33) | (143.54) | (140.43) | (136.20) | (139.73) | (139.27) | (134.41) | (134.49) | (134.28) |
| Total Stockholder Equity | 37.04 | 38.48 | 25.04 | 27.96 | 33.56 | 35.73 | 37.73 | 36.74 | 66.17 | 74.34 | 77.09 | 80.32 | 76.30 | 76.15 | 14.68 | 14.48 | 14.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 2.13 | 1.60 | 1.39 | 1.74 | 2.03 | 2.19 | 4.22 | 4.96 | 6.05 | 5.39 | 7.33 | 8.74 | 7.98 | 8.27 | 10.37 | 11.83 | 13.48 | 8.87 | 2.01 | 1.78 |
| Selling, General & Admin | 2.65 | 3.05 | 1.32 | 2.11 | 2.25 | 2.39 | 2.02 | 1.88 | 2.09 | 2.21 | 2.56 | 2.82 | 3.37 | 2.77 | 2.86 | 2.71 | 2.64 | 2.95 | -- | 0.69 |
| Total Operating Expenses | 4.52 | 4.75 | 3.05 | 5.12 | 8.27 | 5.28 | 16.07 | 9.11 | 7.76 | 13.41 | 29.50 | 16.95 | 10.68 | 10.23 | 10.70 | 11.40 | 10.77 | 8.14 | 3.47 | 1.56 |
| Operating Income | (2.38) | (3.14) | (1.65) | (3.38) | (6.24) | (3.09) | (11.85) | (4.15) | (1.72) | (8.02) | (22.17) | (8.21) | (2.70) | (1.96) | (0.33) | 0.42 | 2.71 | 0.73 | (1.46) | 0.23 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.27 | -- | -- | -- | -- | 0.04 | -- | -- |
| Pretax Income | (2.28) | (3.18) | (1.86) | (3.34) | (6.06) | (3.11) | (12.00) | (2.27) | (1.98) | (9.52) | (20.26) | (8.95) | (2.72) | (1.31) | (1.31) | 4.14 | 0.39 | (6.07) | (1.48) | -- |
| Tax Provision | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.03 | (0.02) | -0.00 | 0.02 | (0.46) | (0.16) | (0.21) | (0.06) | 0.50 | 0.03 | 0.27 | (2.69) | -- | -- |
| Net Income | (2.28) | (3.18) | (1.86) | (3.34) | (6.06) | (3.11) | (12.03) | (2.25) | (1.97) | (9.54) | (19.81) | (8.79) | (2.51) | (1.25) | (1.81) | 4.11 | 0.12 | (3.38) | (1.48) | 0.08 |
| Basic EPS | (0.04) | (0.08) | (0.04) | (0.10) | (0.19) | (0.10) | (0.42) | (0.08) | (0.08) | (0.38) | (0.78) | (0.35) | (0.10) | (0.05) | (0.06) | 0.16 | 0.00 | (0.14) | (0.33) | 0.02 |
| Diluted EPS | -- | -- | -- | -- | (0.19) | -- | (0.42) | (0.08) | (0.08) | (0.38) | (0.78) | (0.35) | (0.10) | (0.05) | (0.06) | 0.16 | 0.00 | (0.14) | (0.33) | 0.02 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (0.80) | (2.45) | (0.86) | (0.15) | (1.58) | (4.54) | 1.70 | 2.57 | 0.93 | (0.60) | 2.50 | 1.57 | 1.17 | 0.24 | 2.40 | 4.84 | 3.18 | 0.49 | (0.13) | 0.57 |
| Capital Expenditures | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 2.13 | 0.21 | 2.37 | 2.18 | 0.04 | 0.00 | 0.00 | 0.11 | 0.26 | 0.06 | 0.38 | 0.28 | 0.86 | 0.01 | 0.50 |
| Free Cash Flow* | (0.89) | (2.45) | (0.86) | (0.15) | (1.58) | (6.67) | 1.49 | 0.20 | (1.25) | (0.64) | 2.50 | 1.57 | 1.06 | (0.02) | 2.35 | 4.46 | 2.90 | (0.37) | (0.14) | 0.08 |
| Investing Cash Flow | (5.66) | (4.43) | (2.21) | (5.16) | (2.09) | (2.42) | 5.08 | 3.39 | (2.52) | (0.18) | 6.19 | (0.59) | (1.41) | (1.37) | 0.16 | (11.94) | (1.92) | (3.25) | (2.32) | (0.12) |
| Financing Cash Flow | 2.00 | 16.91 | 2.09 | 0.00 | (0.10) | 9.74 | (0.20) | (7.02) | 1.81 | (0.56) | (7.31) | (0.18) | (1.01) | (0.86) | (1.24) | 7.73 | (0.24) | (0.21) | (0.08) | (0.07) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 |
|---|
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.02 |
