secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001171200-25-000127
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL reports 2024 net income of $5.1M vs loss in 2023; NAV rises to $38.01
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- Net income of $5.06M ($2.78 per share) for 2024, compared to net loss of $56,520 ($0.22 per share) in 2023.
- Total partners' capital declined to $49.4M from $66.9M, driven by $22.6M in share redemptions (600,000 shares).
- Net asset value per share increased to $38.01 from $35.23, a 7.9% gain.
- Total income (trading gains, dividends, interest) rose to $5.68M from $0.55M in 2023.
- Realized gains on closed futures contracts of $1.15M vs realized losses of $3.99M in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000117120025000127/0001171200-25-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000117120025000127/i25120_usl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-25-000127

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