other material
confidence high
sentiment neutral
materiality 0.25
USO reports April 2023 net income of $37.6M; NAV per share $67.52
United States Oil Fund, LP
- Net income of $37.6M from $38.5M total income minus $0.9M expenses.
- NAV per share $67.52 on 22.7M shares; total NAV $1.53B down from $1.63B start.
- Realized trading gain on commodity futures of $29.6M drove income.
- Share additions of 4.5M shares ($308.7M) and withdrawals of 6.3M shares ($442.3M).
- Dividend income $0.8M, interest income $4.7M; management fees $0.6M.