Quarterly ResultMay 8, 2026, 02:07 PM
United States Brent Oil Fund Q1 Net Income $166.37M; NAV $51.86
AI Summary
United States Brent Oil Fund reported a significant increase in its financial performance for the first quarter of 2026. Net income soared to $166.37 million, a substantial rise from the previous year, while the Net Asset Value per share grew to $51.86. The fund's total assets and partners' capital also saw considerable expansion, primarily driven by strong realized gains on commodity futures contracts.
Key Highlights
- Net Income for Q1 2026 surged to $166.37 million, up from $4.90 million in Q1 2025.
- Net Asset Value per share increased to $51.86 at March 31, 2026, from $28.29 at December 31, 2025.
- Total Assets grew to $952.11 million at March 31, 2026, from $100.74 million at December 31, 2025.
- Partners' Capital rose to $951.65 million at March 31, 2026, from $100.44 million at December 31, 2025.
- Total Return for the three months ended March 31, 2026, was 83.32%, compared to 3.28% in the prior year.
- Limited Partner shares outstanding increased to 18.35 million from 3.55 million.
- Realized gain on closed commodity futures contracts was $164.75 million in Q1 2026, up from $1.36 million.