earnings
confidence high
sentiment positive
materiality 0.80
USO reports 2024 net income of $221M vs $46M loss in 2023; NAV rises to $75.45
United States Oil Fund, LP
- Net income $221.1M, reversed from $46.0M net loss in 2023; EPS $8.54 basic.
- NAV per share $75.45 at Dec 31, 2024, up 12.8% from $66.91 a year earlier.
- Shares outstanding fell to 14.4M from 23.4M, reflecting net redemptions of $700M.
- Realized gain on futures $121.1M vs $63.5M loss in 2023; dividend income $22.2M.
- Total assets $1.10B, down 31% from $1.59B due to redemptions.