secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001171200-24-000109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USO reports FY2023 net loss of $46M, NAV falls to $66.91
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- Net loss of $46.0M for 2023, vs net income of $785.2M in 2022.
- Net loss per share of $3.14 (basic); weighted avgerage loss per share $2.01.
- Net asset value per share fell to $66.91 from $70.05 at Dec 31, 2022.
- Total partners' capital decreased to $1.567B; shares outstanding down to 23.4M.
- Auditor changed to Cohen & Company for 2023 (prior auditor was BBD LLP).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000117120024000109/0001171200-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000117120024000109/i24096_uso-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-24-000109

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