other material
confidence high
sentiment neutral
materiality 0.30
USL's GP files audited FY2024 financials; equity down 15% to $5.28M
United States 12 Month Oil Fund, LP
- Total assets of GP $7.13M at Dec 31, 2024, down from $8.69M in 2023.
- Cash and investments $2.27M in money market, no short-term T-bills in 2024.
- Member's equity $5.28M vs $6.22M, a decline of about 15%.
- Management fees receivable $1.23M, concentrated in USO (36%) and UNG (34%).
- Legal contingency: Optimum Strategies lawsuit ongoing; no estimated loss range disclosed.