---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000108"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:04:32.109166+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# USL posts net loss of $56,520 in FY2023 vs net income of $38.4M in FY2022

## Summary
- Net loss of $56,520 for 2023; net income of $38,362,556 in 2022. Revenue primarily from dividends and interest.
- NAV per share fell to $35.23 from $35.45; shares outstanding dropped from 2.35M to 1.9M.
- Total partners' capital decreased from $83.3M to $66.9M due to net redemptions of 1.05M shares.
- Unrealized loss on open futures contracts improved to ($2.06M) from ($3.13M) at year-end.

## SEC filing metadata
- accession: 0001171200-24-000108
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000117120024000108/0001171200-24-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000117120024000108/i24095_usl-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000108
- JSON: https://secwatch.observer/filing/0001171200-24-000108.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000108.txt

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