earnings
confidence high
sentiment positive
materiality 0.60
United States Brent Oil Fund reports 2024 net income of $10.6M, NAV per share $30.14
United States Brent Oil Fund, LP
- Net income of $10.6M in 2024 vs net loss of $4.1M in 2023; EPS $2.75 basic, $2.17 weighted avg.
- NAV per share $30.14 at Dec 31, 2024, up from $27.39; market price $29.95.
- Partners' capital fell to $114.5M from $130.1M due to net redemptions of 2.05M shares.
- Realized gain on futures $1.2M, unrealized gain $3.8M; dividend income $3.5M, interest $3.7M in 2024.
- Total expenses $1.7M in 2024 (management fees $1.1M); net income per share improved YoY.