Past year: ▲ 16%(88.0c – 1.52 USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Apr 2026material agreement▲ GoodMajor
USE landed its first real contracted helium revenue, signing a five-year, 100% take-or-pay sales agreement with an investment-grade global industrial gas company for output from its Big Sky Carbon Hub plant in Montana - up to 1.2 million cubic feet a month at a fixed $285/Mcf plant-gate price with CPI escalation from 2028 - a landmark de-risking milestone with Phase 1 commercial operations targeted for early 2027.
20 Apr 2026debt financing▼ BadMajor
USE amended its FirstBank Southwest credit facility a second time, securing a covenant holiday running through March 2027 - at the cost of a 2% higher interest margin during that period - just months after the facility's borrowing base had already been cut in half, a further sign of real financial strain.
10 Mar 2026material agreement▼ BadMajor
USE raised $8.8 million in another Roth Capital-led stock offering (8.8 million shares), but this time at just $1.00/share - a steep drop from the $2.65 it fetched a year earlier - underscoring how much the stock had weakened even as the company kept funding its helium buildout.
4 Mar 2026capital raising announcement▼ BadMajor
U.S. Energy drew much more heavily on the Roth equity line, selling another 6.5 million shares -- cumulative sales now 19.1% of shares outstanding for $7.3 million total -- steep dilution funding the Big Sky Carbon Hub buildout as the share price kept falling.
13 Feb 2026capital raising announcement▼ Bad
U.S. Energy drew on its Roth equity line for the first time, selling 2.0 million shares for just over $2.0 million (about 5.7% dilution) to help fund the helium buildout.
9 Oct 2025capital raising announcement● NeutralMajor
U.S. Energy signed a $25 million equity line of credit with Roth Principal Investments, giving it discretion to sell stock over time to fund its new helium pivot (the Big Sky Carbon Hub).
19 Sept 2025material agreement▼ BadMajor
USE amended its FirstBank Southwest credit facility, extending the maturity date by more than three years to May 2029 but cutting the borrowing base in half, from $20 million to $10 million, alongside a limited covenant waiver - a longer runway bought at the cost of real credit tightening.
29 Jan 2025material agreement● NeutralMajor
USE extended its $5 million share buyback program (about $3.8 million remaining) by a year to mid-2026, and separately - in a related-party transaction - repurchased shares directly from Banner, Woodford and Sage Road entities controlled by board member Joshua Batchelor's Sage Road Capital, at the same net price the company had just received in its recent stock offering.
23 Jan 2025material agreement▲ GoodMajor
USE raised roughly $12.9 million in an underwritten stock offering (4,871,400 shares including a fully exercised over-allotment, at $2.65/share) through Roth Capital Partners to help fund its helium buildout.
10 Jan 2025asset acquisition disposition▲ GoodMajor
USE bought another 24,000 net acres contiguous to its Kevin Dome helium position, this time from Synergy Offshore - a related-party deal, since Synergy is run by USE director Duane King and roughly 60%-owned by USE's own Chairman John Weinzierl - with Synergy keeping a 20% carve-out interest and the two sides entering a joint participation agreement over the surrounding area.
31 Dec 2024asset acquisition disposition▲ GoodMajor
USE closed the sale of its East Texas/Liberty County properties to 84 Resources for $6.825 million, effective November 1, 2024.
13 Dec 2024material agreement▲ GoodMajor
USE agreed to sell another block of legacy conventional properties (122 wells in Liberty and Henderson Counties, Texas) to 84 Resources Holdings for $6.825 million, continuing to shed its old oil and gas base to fund the Montana helium pivot.
20 Sept 2024listing compliance notice▼ BadMajor
USE fell out of Nasdaq compliance again on the $1.00 minimum bid price requirement, with a 180-day cure period running to March 17, 2025.
9 July 2024material agreement▲ GoodMajor
USE agreed to sell its entire South Texas (Karnes County) producing asset base - about 13% of its Q1 2024 production - for roughly $6.5 million cash to fund development of its new Montana helium project and pay down debt, completing a full exit from that legacy geography.
1 July 2024asset acquisition disposition▲ GoodMajor
USE made a transformative strategic pivot into helium, closing the purchase of 82.5% of Wavetech Helium's farmout rights across roughly 140,000 net acres of Montana's Kevin Dome structure (paying $2 million cash plus 2.6 million shares, with Wavetech carrying its own 17.5% interest cost-free up to $20 million of spend) and signing a non-binding letter of intent with insider-linked Synergy Offshore for another ~24,000 adjacent acres - forming a roughly 164,000-acre contiguous helium position with two wells already permitted to spud within weeks, funded without any new equity raise.
16 June 2023auditor change● Neutral
USE dismissed Plante & Moran as its auditor in a routine rotation, with no disagreements over accounting or disclosure.
8 May 2023dividend declaration▲ Good
USE declared its fourth consecutive quarterly dividend of $0.0225 per share.
31 Jan 2023dividend declaration▲ Good
USE declared its third consecutive quarterly dividend of $0.0225 per share.
27 Oct 2022dividend declaration▲ Good
USE declared a second consecutive quarterly dividend of $0.0225 per share, continuing the capital-returns program it started in July.
16 Sept 2022material agreement● NeutralMajor
USE updated the voting agreement behind January's transformative acquisitions and, in doing so, disclosed that the deal was substantially a related-party transaction: seller Lubbock Energy Partners is owned by USE's own Chairman John Weinzierl and Wallis Marsh, and seller Synergy Offshore is owned by USE director Duane King and Lee Hightower - meaning the company's new controlling shareholders (holding roughly 81% combined between Lubbock, Synergy and the Sage Road entities) are largely the same people now running it; the agreement also confirmed USE had reincorporated from Wyoming to Delaware.
29 July 2022asset acquisition disposition● Neutral
USE filed a technical amendment to its ETX Energy closing disclosure, clarifying definitions and the exact amount borrowed under the credit facility - a procedural correction with no change in deal terms.
28 July 2022asset acquisition disposition▲ GoodMajor
USE closed the ETX Energy acquisition for $11.875 million cash, with lender FirstBank Southwest raising the credit facility's borrowing base from $15 million to $20 million to help fund it.
18 July 2022dividend declaration▲ GoodMajor
USE initiated a real shareholder-returns program, declaring its first quarterly cash dividend of $0.0225 per share - a genuine shift for a company with no dividend history, made possible by the scale from January's transformative asset acquisitions.
30 June 2022material agreement▲ GoodMajor
USE agreed to buy about 16,600 net acres of operated producing properties (plus two pipeline gathering systems) in Henderson and Anderson Counties, Texas from ETX Energy for an $11.8 million cash base price, adjacent to acreage USE already held there.
10 Jan 2022business combination▲ GoodMajor
USE transformed itself overnight, closing all three previously announced acquisitions from Lubbock Energy Partners, the Banner/Woodford/Llano group and Synergy Offshore: a diversified, operated, oil-weighted portfolio spanning the Rockies, West Texas, Eagle Ford and Mid-Continent, paid for with $1.25 million cash, repayment of $3.5 million in seller debt, and 19.9 million new USE shares - a huge share issuance relative to USE's prior size that gives each seller group the right to name one or two board directors depending on their resulting ownership stake. The deal was financed through a new credit facility with FirstBank Southwest (replacing prior lender APEG) and a hedging arrangement with NextEra Energy Marketing.
27 Oct 2021security holder rights change▲ GoodMajor
USE updated the voting-rights terms tied to its pending acquisitions from three seller groups (Lubbock Energy Partners, the Banner/Woodford/Llano 'Sage Road' entities, and Synergy Offshore) - a Nominating and Voting Agreement that will give each seller the right to name directors to USE's board once their asset sales close, so long as they keep at least a 5% stake - a transformative, board-composition-altering consolidation taking shape.
6 Oct 2021capital raising announcement● NeutralMajor
U.S. Energy signed agreements to buy a diversified, oil-weighted portfolio across the Rockies, West Texas, Eagle Ford and Mid-Continent from Lubbock Energy Partners, the Banner/Woodford/Llano group and Synergy Offshore -- entities controlled by USE's own chairman and directors -- for $1.25 million cash, assumption of $3.3 million in liabilities, and 19.9 million new shares; the deal closed three months later and handed the sellers effective control of the company.
9 Mar 2021capital raising announcement▼ Bad
Lender APEG converted another $412,500 of debt into shares and subscribed for more stock by forgiving legal-cost reimbursements owed to it, continuing to build its stake ahead of the company's Jan 2022 change-of-control transaction.
17 Feb 2021material agreement● Neutral
An amended filing added the formal underwriting and lock-up agreement documents for the February 2021 stock offering - a procedural completion of the paperwork, not new deal terms.
16 Feb 2021material agreement▲ GoodMajor
USE raised about $5.8 million in yet another Kingswood-led underwritten offering (1,131,500 shares, including the over-allotment, at $5.10/share).
