Quarterly ResultAug 7, 2026, 03:03 PM
United States Brent Oil Fund Reports $42.26M Net Loss in H1 2026
AI Summary
United States Brent Oil Fund, LP reported a net loss of $42.26 million for the six months ended June 30, 2026, a significant increase from the $1.30 million loss in the prior year period. This was primarily driven by a substantial change in unrealized loss on open commodity futures contracts. Despite the operational loss, total assets grew significantly to $544.24 million and partners' capital increased to $543.58 million, largely due to $1.22 billion in partnership share additions.
Key Highlights
- Net loss for H1 2026 was $42,260,437, compared to $1,299,405 in H1 2025.
- Total assets increased to $544,238,529 at June 30, 2026 from $100,736,709.
- Partners' capital rose to $543,576,722 at June 30, 2026 from $100,436,504.
- Net asset value per share was $40.41 at June 30, 2026, up from $28.29.
- Net loss per weighted average share was $(3.72) for H1 2026.
- Addition of partnership shares totaled $1,223,826,408 in H1 2026.
- Unrealized loss on open commodity futures contracts was $(43,540,680).
Price Impact
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