secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001104659-26-032670
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GP of USL files audited financials; total assets $6.71M as of Dec 2025
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- Total assets $6.71M at Dec 31, 2025, down 6% from $7.13M at Dec 31, 2024.
- Cash and cash equivalents $1.54M, down 32% from $2.27M a year earlier.
- Accounts payable rose to $1.23M from $0.71M (73% increase).
- Member's equity $5.08M, down 4% from $5.28M; management fees receivable $1.19M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465926032670/0001104659-26-032670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465926032670/tm268488d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-032670

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer