U.S. Energy Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 7.98 million compared to USD 13.48 million a year ago. Net loss was USD 2.52 million compared to net income of USD 0.122 million a year ago. Basic loss per share from continuing operations was USD 0.1. Diluted loss per share from continuing operations was USD 0.1.
For the six months, revenue was USD 16.25 million compared to USD 22.35 million a year ago. Net loss was USD 3.76 million compared to USD 3.26 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.13 a year ago.