Quarterly ResultMay 8, 2026, 01:57 PM
USL Q1 Net Income $16.86M; NAV per Share $47.79
AI Summary
United States 12 Month Oil Fund, LP reported a significant increase in Net Income for the first quarter of 2026, reaching $16.86 million, compared to $0.34 million in the same period last year. The fund's Net Asset Value per share rose to $47.79, up from $33.31 at the end of 2025, driven by strong performance in its commodity futures contracts. Total Assets increased to $65.46 million, and Partners' Capital grew to $59.74 million, reflecting substantial growth and positive market conditions.
Key Highlights
- Net Income for Q1 2026 was $16.86 million, up from $0.34 million in Q1 2025.
- Net Asset Value per share increased to $47.79 at March 31, 2026, from $33.31 at Dec 31, 2025.
- Total Assets grew to $65.46 million at March 31, 2026, from $36.82 million at Dec 31, 2025.
- Partners' Capital rose to $59.74 million at March 31, 2026, from $36.64 million at Dec 31, 2025.
- Unrealized gain on open commodity futures contracts was $11.93 million at March 31, 2026, compared to a $(3.03) million loss at Dec 31, 2025.
- Total Income for Q1 2026 was $16.97 million, significantly up from $0.46 million in Q1 2025.
- The fund added 300,000 partnership shares and redeemed 150,000 shares in Q1 2026.