secwatch.observer — SEC 8-K summary
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Issuer:     United States Brent Oil Fund, LP (BNO)
CIK:        0001472494
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001171200-25-000122
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United States Brent Oil Fund reports 2024 net income of $10.6M, NAV per share $30.14
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472494/000117120025000122/0001171200-25-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472494/000117120025000122/i25115_bno-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-25-000122

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