Quarterly ResultAug 7, 2026, 02:56 PM
USO Q2 Net Income $618.3M; NAV per Share $105.50
AI Summary
United States Oil Fund, LP reported a significant financial turnaround for the six months ended June 30, 2026, with net income reaching $618.3 million, a substantial improvement from a net loss in the prior year. The fund's Net Asset Value per share increased to $105.50, contributing to a rise in total assets to $1.90 billion. Additionally, the General Partner covered $2.47 million in negative price slippage, and transaction fees for basket creations/redemptions were reduced.
Key Highlights
- Net Income for the six months ended June 30, 2026, was $618.3 million, compared to a net loss of $32.7 million in 2025.
- Net Asset Value per share increased to $105.50 at June 30, 2026, from $69.10 at December 31, 2025.
- Total Assets grew to $1.90 billion at June 30, 2026, from $889.6 million at December 31, 2025.
- Total Partners' Capital reached $1.75 billion at June 30, 2026, up from $886.1 million at December 31, 2025.
- Net cash provided by operating activities was $909.0 million for the six months ended June 30, 2026.
- The General Partner voluntarily offset $2.47 million in negative price slippage on oil futures trades.
- Transaction fees for Creation/Redemption Baskets were reduced to $350 from $1,000, effective January 1, 2026.
Price Impact
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