---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-029768"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:41:50.212838+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# BNO reports February 2025 net loss of $2.99M; NAV per share $30.03

## Summary
- Net loss of $2,988,184 for month ended Feb 28, 2025, driven by $3.48M realized trading loss.
- Net asset value declined to $90.1M from $100.7M at start of month.
- NAV per share $30.03 on 3.0M outstanding shares; net share decrease of 250,000.
- Dividend and interest income totaled $301,760; expenses were $95,784.

## SEC filing metadata
- accession: 0001104659-25-029768
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465925029768/0001104659-25-029768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465925029768/tm258856d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-029768
- JSON: https://secwatch.observer/filing/0001104659-25-029768.json
- Plain text: https://secwatch.observer/filing/0001104659-25-029768.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.