USEG: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, USEG has $55,191K in assets. $16,716K in debts. $10,451K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
191.67%
Quick Ratio
191.67%
Cash Ratio
160.37%
Debt to Asset Ratio
30.29%
Unit: Thousand (K) dollars
Assets Breakdown
Evaluated properties
Less accumulated depreciation, d...
Unproved industrial gas properti...
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Total noncurrent liabilities
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and equivalents	10,451	429	1,415	6,728
Oil and natural gas sales receivables	714	454	490	567
Marketable equity securities	168	146	310	210
Other current assets	1,158	956	584	710
Total current assets	12,491	1,985	2,799	8,215
Evaluated properties	132,514	132,459	135,552	137,114
Less accumulated depreciation, depletion and amortization	117,619	117,237	115,043	114,811
Net oil and natural gas properties	14,895	15,222	20,509	22,303
Unproved industrial gas properties, not subject to amortization	26,974	22,479	22,126	19,415
Oil, natural gas and industrial gas properties, net	-	-	42,635	41,718
Property and equipment, net	275	318	367	411
Right-of-use asset	311	356	400	443
Other assets	245	270	296	206
Total other assets	831	944	1,063	1,060
Total assets	55,191	40,630	46,497	50,993

Accounts payable and accrued liabilities	1,885	1,538	3,977	5,186
Accrued compensation and benefits	-	54	59	46
Revenue and royalties payable	3,823	3,921	3,926	4,532
Asset retirement obligations	595	300	300	800
Current lease obligation	214	210	206	203
Total current liabilities	6,517	6,023	8,468	10,767
Credit facility	2,500	2,500	-	-
Asset retirement obligations	7,548	7,706	12,731	11,954
Long-term lease obligation, net of current portion	151	206	259	312
Total noncurrent liabilities	10,199	10,412	12,990	12,266
Total liabilities	16,716	16,435	21,458	23,033
Common stock, 0.01 par value 245,000,000 shares authorized 52,320,429 and 34,405,143 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively	523	345	343	342
Additional paid-in capital	253,049	235,762	235,124	234,705
Accumulated deficit	-215,097	-211,912	-210,428	-207,087
Total shareholders equity	38,475	24,195	25,039	27,960
Total liabilities and shareholders equity	55,191	40,630	46,497	50,993

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets