Quarterly ResultMay 8, 2026, 01:52 PM
United States Oil Fund Q1 Net Income $983.7M; Assets $2.74B
AI Summary
United States Oil Fund, LP reported a substantial increase in net income for the first quarter of 2026, reaching $983.7 million, a significant jump from $40.3 million in the same period last year. The fund's total assets grew to $2.74 billion, with Partners' Capital also seeing a considerable rise to $2.64 billion. This growth reflects strong performance in its investment objective to track the spot price of light, sweet crude oil, primarily through futures contracts.
Key Highlights
- Net income for the three months ended March 31, 2026, was $983,746,930, significantly up from $40,302,537 in the prior year period.
- Total Assets at March 31, 2026, reached $2,744,084,898, compared to $889,618,360 at December 31, 2025.
- Total Partners' Capital stood at $2,644,609,680 at March 31, 2026, up from $886,076,412 at December 31, 2025.
- Net Asset Value per share increased to $126.39 at March 31, 2026, from $69.10 at December 31, 2025.
- Limited Partners' shares outstanding grew to 20,923,603 at March 31, 2026, from 12,823,603 at December 31, 2025.
- Realized gain on closed commodity futures contracts was $523,539,171 for Q1 2026, compared to $17,505,740 for Q1 2025.
- Change in unrealized gain on open commodity futures contracts was $345,116,980 for Q1 2026, versus $9,782,240 for Q1 2025.