other material
confidence high
sentiment neutral
materiality 0.20
USO December 2024 net income $70.2M; NAV per share $75.45
United States Oil Fund, LP
- Net income of $70.2M driven by $47.6M unrealized gain on futures and $16.5M realized swap gain.
- End-of-month NAV $1.088B on 14.42M shares outstanding ($75.45/share).
- Share activity: 4.7M shares added, 7.2M shares withdrawn during month.
- Total income $71.0M; total expenses $791K (management fees $437K).
- Realized trading gain on futures $2.6M; dividend income $2.8M; interest income $1.4M.