The energy company is positioning its Big Sky Carbon Hub as a rare multi-revenue asset capable of generating helium, oil, and carbon management income simultaneously.

February 26, 2026

U.S. Energy Corp., a Houston-based integrated energy company trading on the Nasdaq under the ticker USEG, has released a new investor presentation outlining its vertically integrated platform and near-term growth strategy, while also announcing an appearance at the Emerging Growth Conference on February 26, 2026.

At the center of the company’s strategy is the Big Sky Carbon Hub, located in Montana, which sits atop 1.3 billion cubic feet of certified helium reserves and 444 billion cubic feet of CO₂ resources. The hub is integrated with the company’s wholly owned Cut Bank oil field, enabling three distinct revenue pathways from a single asset: helium sales, CO₂-enhanced oil recovery, and Section 45Q-backed carbon management credits. The asset is fully owned and operated, carries a reserve life exceeding 50 years, and has minimal reliance on third-party infrastructure.

A Policy-Backed Carbon Revenue Stream

The carbon management component carries notable financial potential. Under Section 45Q of the federal tax code, U.S. Energy expects to qualify for $85 per metric ton of CO₂ captured, utilized, or sequestered, with projected Phase 1 tax credits totaling $92 million. The company frames this as a policy-supported revenue stream that operates independently of commodity price swings.

Execution Milestones and 2026 Roadmap

The company’s president and CEO described 2026 as a focused execution year, pointing to several concrete steps already completed or underway:

• $22 million deployed to date
• Development wells drilled
• Monitoring, reporting, and verification (MRV) applications submitted to the EPA
• Plant final investment decision (FID) targeted for Q2 2026
• Initial helium sales, carbon management operations, and CO₂-EOR activity expected to begin in Q1 2027

Valuation and Insider Alignment

The company’s valuation case centers on its projected 2027 EBITDA. At an enterprise value of roughly $40 million, management contends the stock trades at approximately 2.5 times its estimated 2027 EBITDA — a meaningful discount relative to comparable industrial gas and carbon infrastructure companies. Insiders and management collectively own approximately 36% of outstanding shares, a figure the company highlights as evidence of leadership alignment with shareholders.

Near-Term Catalysts to Watch

U.S. Energy identified several independent milestones expected within the coming quarters that could drive value recognition ahead of full operations:

• Execution of a long-term helium offtake agreement
• EPA approval of MRV filings
• Continued advancement of the CO₂-EOR program at the Cut Bank oil field

The company views each of these as discrete catalysts that do not depend on one another, providing multiple potential inflection points before its targeted 2027 operational launch.