US ENERGY CORP (USEG) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
USEG currently has 32.7M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 32.94% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Mar 10, 2026 |
8-K filing: U.S. Energy Corp. closed an underwritten offering of 8,800,000 shares of common stock at a price of $1.00 per share, resulting in net proceeds of approximately $8.2 million for the company. ($8.8M proceeds) |
33M | 0 |
| Oct 09, 2025 |
8-K filing: U.S. Energy Corp. entered into a Common Stock Purchase Agreement with Roth Principal Investments, allowing the company to sell up to $25,000,000 of newly issued shares of common stock to Roth Principal Investments, subject to certain conditions and limitations. |
33M | 0 |
| Sep 12, 2025 |
S-3 filing: U.S. Energy Corp. is offering common stock, preferred stock, debt securities, warrants, or a combination of these securities for an aggregate initial offering price of up to $50 million. |
33M | 0 |
| Aug 12, 2025 |
10-Q filing | 32.7M shares outstanding |
33M | 0 |
| May 12, 2025 |
10-Q filing | 32.7M shares outstanding |
33M | 0 |
| Mar 13, 2025 |
10-K filing | 26.7M shares outstanding |
27M | 0 |
| Jan 23, 2025 |
8-K filing: U.S. Energy Corp. closed an underwritten offering of 4,871,400 shares of common stock at $2.65 per share, with net proceeds of approximately $12.1 million, to be used for development, general corporate purposes, and working capital. |
28M | 0 |
| Jan 10, 2025 |
8-K filing: U.S. Energy Corp. purchased property from Synergy Offshore LLC for $2.0 million in cash and 1,400,000 shares of restricted common stock, representing 4.76% of the Company's outstanding restricted common stock. |
28M | 0 |
| Nov 12, 2024 |
10-Q filing | 28.1M shares outstanding |
28M | 0 |
| Aug 07, 2024 |
10-Q filing | 25.5M shares outstanding |
25M | 0 |
| Jul 01, 2024 |
8-K filing: The company entered into a non-binding letter of intent with Synergy Offshore LLC to acquire 87.5% of their working interests in the Synergy Asset for $2.0 million in cash, 4,845,900 shares of restricted common stock, 6,250,000 warrants, a $12.5 million carried working interest, 18.0% of future tax credits, and an Area of Mutual Interest. |
25M | 0 |
| May 09, 2024 |
10-Q filing | 25.4M shares outstanding |
25M | 0 |
| Mar 26, 2024 |
10-K filing | 25.3M shares outstanding |
25M | 0 |
| Nov 13, 2023 |
10-Q filing | 25.4M shares outstanding |
25M | 0 |
| Aug 14, 2023 |
10-Q filing | 25.2M shares outstanding |
25M | 0 |
| May 11, 2023 |
10-Q filing | 25.2M shares outstanding |
25M | 0 |
| Apr 13, 2023 |
10-K filing | 24.7M shares outstanding |
25M | 0 |
| Nov 10, 2022 |
10-Q filing | 24.7M shares outstanding |
25M | 0 |
| Sep 16, 2022 |
8-K filing: U.S. Energy Corp. entered into an Amended and Restated Nominating and Voting Agreement with Lubbock Energy Partners LLC, Banner Oil & Gas, LLC, Woodford Petroleum, LLC, Llano Energy LLC, Synergy Offshore LLC, King Oil & Gas Company, Inc., WDM Family Partnership, LP, and Katla Energy Holdings LLC, following the distribution of shares of common stock. |
25M | 0 |
| Sep 02, 2022 |
S-3 filing: U.S. Energy Corp. files an S-3 registration statement for the potential offering of common stock, preferred stock, and/or debt securities, warrants for an aggregate initial offering price of up to $50 million. |
25M | 0 |
| Aug 11, 2022 |
10-Q filing | 24.9M shares outstanding |
25M | 0 |
| Jun 10, 2022 |
S-3 filing: This S-3 filing registers 19,905,736 shares of common stock for resale by selling shareholders. |
26M | 0 |
| May 12, 2022 |
10-Q filing | 23.7M shares outstanding |
24M | 0 |
| Mar 28, 2022 |
10-K filing | 24.9M shares outstanding |
25M | 0 |
| Jan 10, 2022 |
8-K filing: U.S. Energy Corp. closed acquisitions of oil and gas properties, issuing 19,905,736 shares of common stock to Lubbock Energy Partners LLC, Banner Oil & Gas, LLC, Woodford Petroleum, LLC, Llano Energy LLC, and Synergy Offshore LLC as part of the purchase price. Additionally, the company increased the size of its Board of Directors from five to seven members. |
4.7M | 0 |
| Nov 12, 2021 |
10-Q filing | 4.7M shares outstanding |
4.7M | 0 |
| Oct 06, 2021 |
8-K filing: U.S. Energy Corp. entered into Purchase and Sale Agreements to acquire oil and gas properties, issuing 19,905,736 shares of common stock as part of the consideration. |
4.7M | 0 |
| Aug 12, 2021 |
10-Q filing | 4.7M shares outstanding |
4.7M | 0 |
| May 13, 2021 |
10-Q filing | 4.7M shares outstanding |
4.7M | 0 |
| Mar 26, 2021 |
10-K filing | 4.7M shares outstanding |
4.7M | 0 |
| Mar 09, 2021 |
8-K filing: U.S. Energy Corp. issued 97,962 shares of restricted common stock to APEG Energy II, L.P. pursuant to a Debt Conversion Agreement and 90,846 shares of restricted common stock to APEG Energy II, L.P. pursuant to a Subscription Agreement. ($0.38M proceeds) |
1.8M | 450K |
| Feb 16, 2021 |
8-K filing: U.S. Energy Corp. entered into an underwriting agreement with Kingswood Capital Markets to sell 1,131,500 shares of common stock at $5.10 per share in a firm commitment underwritten public offering, expected to close on February 17, 2021. ($5.76M proceeds) |
1.8M | 450K |
| Jan 07, 2021 |
8-K filing: U.S. Energy Corp. entered into an Exchange Agreement with Mt. Emmons Mining Company, exchanging 50,000 shares of Series A Convertible Preferred Stock for $2 million in cash and 328,000 shares of the Company's common stock. |
1.8M | 450K |
| Nov 16, 2020 |
10-Q filing | 2.9M shares outstanding |
2.9M | 0 |
| Nov 16, 2020 |
8-K filing: U.S. Energy Corp. completed a public offering of 1,000,000 shares of common stock at $3.00 per share, with an additional 150,000 shares sold through the exercise of an over-allotment option, resulting in net proceeds of approximately $3.0 million. ($3.45M proceeds) |
1.8M | 450K |
| Nov 10, 2020 |
S-1/A filing: U.S. Energy Corp. is offering 728,155 shares of common stock at an assumed public offering price of $4.12 per share in a firm commitment underwritten public offering. |
1.8M | 450K |
| Oct 30, 2020 |
S-1 filing: U.S. Energy Corp. is offering shares of common stock in a firm commitment underwritten public offering. |
1.4M | 0 |
| Oct 02, 2020 |
8-K filing: U.S. Energy Corp. closed a registered direct offering on October 2, 2020, selling 315,810 shares of common stock at $5.25 per share, resulting in gross proceeds of $1,658,002.50. ($1.66M proceeds) |
1.4M | 0 |
| Sep 18, 2020 |
S-3 filing: U.S. Energy Corp. is filing an S-3 to register an indeterminate number of shares of common stock, preferred stock, debt securities and warrants to purchase common stock, preferred stock and debt securities as shall have an aggregate initial offering price not to exceed $50,000,000. |
1.4M | 0 |
| Aug 14, 2020 |
10-Q filing | 1.4M shares outstanding |
1.4M | 0 |
| May 14, 2020 |
10-Q filing | 1.4M shares outstanding |
1.4M | 0 |
| Mar 30, 2020 |
10-K filing | 1.3M shares outstanding |
1.3M | 0 |
| Mar 05, 2020 |
8-K filing: U.S. Energy Corp. completed a transaction to acquire all of the issued and outstanding equity interests of New Horizon Resources, LLC, paying consideration of 59,498 shares of common stock and $150,000 in cash. |
N/A | 0 |