美国能源 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________________ Commission File Number000-06814 (Exact Name of Registrant as Specified in its Charter) Table of Contents Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The registrant had 52,320,429shares of its common stock, par value $0.01per share, outstanding as ofMay 4, 2026. TABLE OF CONTENTS Cautionary Note About Forward-Looking Statements Part I.FINANCIAL INFORMATION Item 1.Financial StatementsCondensed Consolidated Balance Sheets (unaudited)Condensed Consolidated Statements of Operations (unaudited)Condensed Consolidated Statements of Changes in Shareholders’Equity (unaudited)Condensed Consolidated Statements of Cash Flows (unaudited)Notes to Unaudited Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part II.OTHER INFORMATION Item 1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits Signatures CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Report” or “Form 10-Q”), including “Management’s Discussion and Analysis of FinancialCondition and Results of Operations,” contains “forward-looking statements” within the meaning of the federal securities laws, includingSection 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”) and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements. Examples of forward-looking statements in this Report include: ●planned capital expenditures for industrial gas, oil and natural gas exploration, development and environmental compliance;●potential drilling locations and available spacing units, and possible changes in spacing rules;●cash expected to be available for capital expenditures and to satisfy other obligations;●recovered volumes and values of industrial gas, oil and natural gas approximating third-party estimates;●anticipated changes in oil and natural gas production and future industrial gasproduction;●drilling and completion activities and opportunities;●timing of drilling additional wells and performing other exploration and development projects;●expected spacing and the number of wells to be drilled with our industry partners;●when payout-based milestones or similar thresholds will be reached for the purposes of our agreements with our partners;●expected working and net revenue interests, and costs of wells, relating to the drilling programs with our partners;●actual decline rates for producing wells;●future cash flows, expenses and borrowings;●pursuit of potential acquisition opportunities;●economic downturns, wars and increased inflation and interest rates, and possible recessions caused thereby;●the effects of global pandemics on our operations, properties, the market for industrial gas, oil and natural gas, and the demandfor industrial gas, oil and natural gas;●our e