Quarterly ResultAug 7, 2026, 03:03 PM
USL H1 Net Income $15.0M; NAV Per Share Jumps to $45.08
AI Summary
United States 12 Month Oil Fund, LP reported a significant turnaround in its financial performance for the first half of 2026, achieving a net income of $14.99 million compared to a loss in the prior year. The fund's net asset value per share also saw a substantial increase to $45.08. This positive shift was supported by improved operating cash flows and a reduction in unrealized losses on commodity futures contracts.
Key Highlights
- Net income for the six months ended June 30, 2026, was $14,995,019, compared to a loss of $3,639,200 in the prior year.
- Net asset value per share increased to $45.08 at June 30, 2026, up from $33.31 at December 31, 2025.
- Total Assets grew to $40,683,875 as of June 30, 2026, from $36,815,860 at December 31, 2025.
- Net cash provided by operating activities was $13,118,468 for the six months, a significant improvement from a net cash used of $1,731,848 last year.
- Unrealized loss on open commodity futures contracts improved to $(1,236,669) at June 30, 2026, from $(3,032,474) at year-end 2025.
- Limited Partners' shares outstanding decreased to 900,000 at June 30, 2026, from 1,100,000 at December 31, 2025.
Price Impact
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