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:   2026-03-27T23:59:59+00:00
Accession:  0002071876-26-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNO reports 2025 net loss of $4.1M vs net income of $10.6M in 2024
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- Net loss per share $1.85 (basic) vs net income of $2.75 in 2024.
- Total realized loss on closed futures contracts of $6.62M; unrealized loss of $0.26M.
- Dividend and interest income declined to $2.45M and $1.44M from $3.55M and $3.69M.
- Net asset value per share fell to $28.29 from $30.14; shares outstanding decreased to 3.55M from 3.8M.
- Partners' capital decreased to $100.4M from $114.5M; total assets down to $100.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472494/000207187626000065/0002071876-26-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472494/000207187626000065/i26127_bno-8k.htm
  HTML page:      https://secwatch.observer/filing/0002071876-26-000065

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