other material
confidence high
sentiment negative
materiality 0.35
USCF (GP of UGA) 2023 audited: assets down 34%, equity down 40%
United States Gasoline Fund, LP
- Total assets decreased to $8.69M from $13.26M as of Dec 31, 2022, a decline of 34%.
- Cash and cash equivalents fell to $2.63M from $8.23M, down 68%.
- Member's equity decreased to $6.22M from $10.42M, down 40%.
- Optimum Strategies lawsuit against USO and USCF dismissed with prejudice in March 2023; no appeal.
- USO and UNG management fees comprised 75% of total $1.44M receivables at Dec 31, 2023.