U.S. Energy Q1 revenue falls 27% on asset sales

Big Sky Industrial

07/05/2026 12:26

Overview

Integrated industrial gas and energy firm's Q1 revenue fell yr/yr due to strategic divestitures

Company posted Q1 net loss and negative adjusted EBITDA as it shifts to new business model

Company achieved final investment decision and signed major helium offtake deal for Big Sky project

Outlook

Company expects EPA approval of MRV applications in summer 2026, enabling Section 45Q tax credits

Company says macro tailwinds for helium supply, CCUS policy and domestic energy production remain favorable

Result Drivers

STRATEGIC DIVESTITURES - Revenue and production declined mainly due to asset sales and natural declines as part of legacy asset optimization

TRANSFORMATION COSTS - Higher general and administrative expenses reflected increased professional fees and compensation tied to the company’s strategic transformation and project milestones

Company press release: ID:nGNX6VbGcx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.60 mln
$1.67 bln (1 Analyst)
Q1 EPS
-$0.08
Q1 Net Income
-$3.20 mln
Q1 Adjusted EBITDA
-$2.10 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for US Energy Corp is $2.75, about 172.3% above its May 6 closing price of $1.01

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)