Crude Petroleum & Natural Gas · SIC 1311

BIG SKY INDUSTRIAL INC.

USEG

Watch

Latest revenue

$1.6M

as of 2026-03-31

Latest net income

$-3.2M

as of 2026-03-31

Net margin

-198.6%

as of 2026-03-31

5.5
of 10

ActaClear Score

Neutral
#68 of 96 in Crude Petroleum & Natural Gas
+0.0 · 2d
Profitability·25%
3.8
Growth·15%
7.3
Value·20%
5.1
Quality·20%
8.6
Momentum·20%
3.6

Computed from 5 years of SEC fundamentals + latest market data, ranked within Crude Petroleum & Natural Gas (96 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.

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Price · 5Y

-26.1% / yr 45.8 pts / yr vs S&P 500 77.8% total
Compare:

Market data

Price feed temporarily unavailable for USEG.

5-year trend

What this company does

AI

Item 1. Business. General Information In this Annual Report on Form 10-K (this “Report”), we may rely on and refer to information regarding the oil and gas industry or the industrial gas industry in general from market research reports, analyst reports and other publicly available information. Although we believe that this information is reliable, we cannot guarantee the accuracy and completeness of this information, we have not independently verified any of it and we have not commissioned any of the market or survey data that is presented in this Report. Please see the “Glossary of Oil, Natural and Industrial Gas Terms” above for a list of abbreviations and definitions used throughout this…

AI summary unavailable — showing raw filing excerpt

Generated from USEG's filing dated 2026-03-13

Key risks

AI

Item 1A. Risk Factors. An investment in our common stock involves a high degree of risk. You should carefully consider the risks described below as well as the other information in this filing before deciding to invest in our company. Any of the risk factors described below could significantly and adversely affect our business, prospects, financial condition and results of operations. Additional risks and uncertainties not currently known or that are currently considered to be immaterial may also materially and adversely affect our business, prospects, financial condition and results of operations. As a result, the trading price or value of our common stock could be materially adversely…

AI summary unavailable — showing raw filing excerpt

Generated from USEG's filing dated 2026-03-13

Profitability

Operating margin

-195.3%

56.4%

Net margin

-195.5%

56.3%

Return on equity

-59.4%

7.2%

Return on assets

-35.4%

31.9%

Leverage

Debt / equity

0.68×

904.8%

Long-term debt / equity

0.10×

Debt / assets

40.5%

538.8%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$1.6M-26.9%$-3.2M-2.4%-198.6%

Q4 2025

2025-12-31

$1.4M-67.0%$-1.9M+84.5%-133.7%

Q3 2025

2025-09-30

$1.7M-64.9%$-3.3M-48.7%-192.2%

Q2 2025

2025-06-30

$2.0M-66.5%$-6.1M-206.9%-298.7%

Q1 2025

2025-03-31

$2.2M-59.3%$-3.1M+67.4%-141.9%

Q4 2024

2024-12-31

$4.2M$-12.0M-284.6%

Q3 2024

2024-09-30

$5.0M-43.3%$-2.2M+74.4%-45.3%

Q2 2024

2024-06-30

$6.0M-24.2%$-2.0M+21.5%-32.6%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Crude Petroleum & Natural Gas · SIC 1311

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Insider activity

Insider buying

$19.9K

Insider selling

$5.1M

Net activity

−$5.1M

Distinct insiders

3

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-03-31

Ryan Lewis Smith

CEO

Purchase15,000$0.87$13.1K
2026-03-03

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale6,364$1.37$8.7K
2026-03-03

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale218,000$1.37$298.5K
2026-03-03

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale16,441$1.37$22.5K
2026-03-03

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale24,365$1.37$33.4K
2026-03-02

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale10,400$1.25$13.0K
2026-03-02

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale357,500$1.25$447.3K
2026-03-02

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale26,930$1.25$33.7K
2026-03-02

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale40,000$1.25$50.0K
2025-10-27

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale5,024$1.25$6.3K
2025-10-27

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale137,299$1.25$171.7K
2025-10-27

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale10,046$1.25$12.6K
2025-10-27

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale15,069$1.25$18.8K
2025-10-24

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale5,313$1.25$6.7K
2025-10-24

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale145,197$1.25$182.0K
2025-10-24

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale10,624$1.25$13.3K
2025-10-24

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale15,936$1.25$20.0K
2025-10-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale4,655$1.26$5.9K
2025-10-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale159,387$1.26$200.7K
2025-10-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale12,215$1.26$15.4K
2025-10-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale17,645$1.26$22.2K
2025-09-12

Ryan Lewis Smith

CEO

Purchase4,000$1.14$4.6K
2025-08-13

Ryan Lewis Smith

CEO

Purchase2,000$1.17$2.3K
2025-06-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale24,147$2.02$48.7K
2025-06-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale886,178$2.02$1.8M
2025-06-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale75,754$2.02$152.7K
2025-06-23

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale105,399$2.02$212.5K
2025-06-20

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale1,384$1.80$2.5K
2025-06-20

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale47,513$1.80$85.3K
2025-06-20

Joshua Lane Batchelor / Sage Road Capital, LLC / Banner Oil & Gas, LLC / Woodford Petroleum, LLC / Benjamin Andrew Stamets / Sage Road Energy II, LP / SRC Management Company, LP

10%+ owner

Sale3,730$1.80$6.7K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns USEG

Institutional value

$3.5M

Total shares held

3.9M

Distinct holders

18

-5 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1Empery Asset Management, LP1.9M$1.7MNew
2VANGUARD CAPITAL MANAGEMENT LLC561.0K$495.9KNew
3UBS Group AG482.3K$426.4K+299.3K (+163.5%)Added
4Vontobel Holding Ltd.340.5K$302.8KNew
5HighTower Advisors, LLC300.0K$265.2KNew
6THOMPSON DAVIS & CO., INC.80.8K$71.4KNew
7VANGUARD FIDUCIARY TRUST CO51.3K$45.3KNew
8Uniting Wealth Partners, LLC45.0K$39.8K+0 (+0.0%)No change
9CITIGROUP INC41.5K$36.7K+41.4K (+106279.5%)Added
10BlackRock, Inc.39.1K$34.6K+13.6K (+53.0%)Added
11United Asset Strategies, Inc.39.0K$34.5K+10.1K (+34.7%)Added
12Vanguard Global Advisers, LLC3.5K$3.1KNew
13Cullen/Frost Bankers, Inc.2.0K$1.8K+0 (+0.0%)No change
14SBI Securities Co., Ltd.887$784+18 (+2.1%)Added
15ELEVATION WEALTH PARTNERS, LLC11$10+0 (+0.0%)No change
16Manchester Capital Management LLC5$5New
17FNY Investment Advisers, LLC3.0K$2New
18Quantbot Technologies LP1$1New

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

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