---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-063440"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T15:45:49.726015+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# BNO reports May 2025 net income of $3.1M; NAV per share $26.90

## Summary
- Net income of $3,106,169 for May 2025; total income $3,192,778, expenses $86,609.
- NAV per share $26.90 as of May 31, 2025, up from $25.85 at start of month.
- Realized trading loss of $613,840 offset by unrealized gain of $3,515,000 on commodity futures.
- Dividend and interest income totaled $289,518; ETF transaction fees $2,100.
- Net asset value increased from $74.97M to $82.06M, with net share additions of 150,000.

## SEC filing metadata
- accession: 0001104659-25-063440
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465925063440/0001104659-25-063440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465925063440/tm2517979d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-063440
- JSON: https://secwatch.observer/filing/0001104659-25-063440.json
- Plain text: https://secwatch.observer/filing/0001104659-25-063440.txt

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