secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001171200-25-000128
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USO reports 2024 net income of $221M vs $46M loss in 2023; NAV rises to $75.45
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000117120025000128/0001171200-25-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000117120025000128/i25121_uso-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-25-000128

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