other material
confidence high
sentiment neutral
materiality 0.30
USO reports April 2026 net income of $271M; NAV per share $146.87
United States Oil Fund, LP
- Net income of $271.1M for April 2026, driven by realized trading gains of $398.7M.
- Unrealized loss on commodity futures of $171.9M partially offset gains; other income $5.5M.
- Net asset value fell from $2.645B to $1.692B; NAV per share $146.87.
- 22.3M shares redeemed vs 12.9M issued, reducing outstanding shares to 11.5M.