US ENERGY CORP. Files 8-K for Material Definitive Agreement

TL;DR

US ENERGY CORP. signed a big deal, filing an 8-K with new agreements and financials.

AI Summary

On September 16, 2025, US ENERGY CORP. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its principal executive offices are located in Houston, Texas.

Why It Matters

This 8-K filing indicates a significant new agreement for US ENERGY CORP., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities that are not yet fully understood.

Key Players & Entities

• US ENERGY CORP. (company) — Registrant
• September 16, 2025 (date) — Date of earliest event reported
• Houston, Texas (location) — Address of principal executive offices
• Delaware (location) — State of incorporation

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock , $0.01 par value USEG The NASDAQ Stock Mar
• $15 million — redit with an initial borrowing base of $15 million (which was subsequently increased to $2
• $20 million — on (which was subsequently increased to $20 million on July 26, 2022, pursuant to a Borrowi
• $100,000,000 — reement, and a maximum credit amount of $100,000,000. On September 16, 2025, and effective
• $10,000,000 — 2029; (b) Lower the borrowing base to $10,000,000; (c) Update certain dates and addresse
• $5 m — consolidated cash on hand in excess of $5 million, and in some cases we are also re
• $0 — ain at 1:1 or higher. We currently owe $0 under the Credit Agreement as of the da

Filing Documents

• useg20250917_8k.htm (8-K) — 40KB
• ex_862565.htm (EX-10.3) — 68KB
• 0001437749-25-029515.txt ( ) — 249KB
• useg-20250916.xsd (EX-101.SCH) — 3KB
• useg-20250916_def.xml (EX-101.DEF) — 11KB
• useg-20250916_lab.xml (EX-101.LAB) — 15KB
• useg-20250916_pre.xml (EX-101.PRE) — 11KB
• useg20250917_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. As previously reported in the Current Report on Form 8-K filed by U.S. Energy Corp. (" U.S. Energy ", " we ", " us " or the " Company "), with the Securities and Exchange Commission (the " SEC " or the " Commission ") on January 10, 2022, on January 5, 2022, the Company entered into a credit agreement (as amended and modified from time to time, the " Credit Agreement ") with Firstbank Southwest (" Firstbank ") as administrative agent for one or more lenders (the " Lenders "), and the Lenders, which provided for a revolving line of credit with an initial borrowing base of $15 million (which was subsequently increased to $20 million on July 26, 2022, pursuant to a Borrowing Base Increase Letter (the " Borrowing Base Increase Letter ")), subject to adjustment as discussed in the Credit Agreement, and a maximum credit amount of $100,000,000. On September 16, 2025, and effective August 1, 2025, the Company entered into a First Amendment to Credit Agreement and Limited Waiver with Firstbank, as administrative agent for the Lenders and the Lenders (the " First Amendment "). Pursuant to the First Amendment, the Credit Agreement was amended to: (a) Extend the maturity date of the amounts owed under the Credit Agreement from January 5, 2026 to May 31, 2029; (b) Lower the borrowing base to $10,000,000; (c) Update certain dates and addresses in the Credit Agreement for the changes discussed above, and for the First Amendment; (d) Update certain schedules of the Credit Agreement; and (e) Make certain other changes to the First Amendment as described in greater detail therein. The First Amendment also provided for the waiver by the Lenders and Firstbank of certain technical defaults which had occurred under the Credit Agreement, relating to the Company's subsidiaries either not being in good standing or being dissolved or sold, and the Company's prior reorganization from Wyoming to Delaware. The First Amendment incl

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1# Credit Agreement dated as of January 5, 2022, among U.S. Energy Corp., as borrower, Firstbank Southwest, as Administrative Agent and the Lenders party thereto (Filed as Exhibit 10.6 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on January 10, 2022 (File No. 000-06814) and incorporated by reference herein) 10.2 Borrowing Base Increase Letter Agreement dated July 26, 2022, between U.S. Energy Corp. and Firstbank Southwest, as Administrative Agent (Filed as Exhibit 10.3 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on July 28, 2022 (File No. 000-06814) and incorporated by reference herein) 10.3#* First Amendment to Credit Agreement and Limited Waiver dated September 16, 2025, among U.S. Energy Corp., as borrower, Firstbank Southwest, as Administrative Agent and the Lenders party thereto 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) * Filed herewith. # Certain schedules, exhibits, annexes, and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished supplementally to the Securities and Exchange Commission upon request; provided, however, that U.S. Energy Corp. may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any schedule or exhibit so furnished.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. U.S. ENERGY CORP. By: /s/ Ryan Smith Ryan Smith Chief Executive Officer Dated: September 19, 2025

View Full Filing

View this 8-K filing on SEC EDGAR