Highest-materiality recent filing
USL reports May 2026 net loss of $2.6M; NAV per share $51.45
Net loss of $2,614,461 for May, driven by unrealized loss of $6.35M on commodity futures.
US Oil Fund reports net income $6.83M for April; NAV per share $53.67
Net income $6.83M on total income $6.87M and expenses $43.7K.
USL reports March net income of $11.3M; NAV per share $47.79
Net income of $11,284,372 for month ended March 31, 2026.
USL reports February 2026 NAV of $38.24; net income $1.52M
Net income of $1.52M on total income of $1.55M and expenses of $33K.
United States 12 Month Oil Fund reports $5.8M net loss for 2025; NAV falls 12.4%
Net loss of $5.76M in 2025 vs net income of $5.06M in 2024; diluted loss per share $4.81.
GP of USL files audited financials; total assets $6.71M as of Dec 2025
Total assets $6.71M at Dec 31, 2025, down 6% from $7.13M at Dec 31, 2024.
USL reports Jan 2026 NAV per share of $37.00, net income of $4.06M
Net income of $4,060,722 for month ended Jan 31, 2026; total income $4,093,883.
USL December net loss $543,640; NAV per share $33.31
Realized trading loss of $454,489 and unrealized loss of $182,332 on commodity futures.
USL November 2025 monthly account statement: NAV $33.80, net loss $1.29M
Net loss of $1,286,715 for November 2025, driven by $1,376,380 in net trading losses.
USL reports Oct 2025 net loss of $669K; NAV per share $34.92
Net loss of $668,956 for month ended Oct 31, 2025, on total loss of $633,251.
USL reports net loss of $664,853 for September 2025; NAV falls to $35.50
Net income (loss) of ($664,853) for September 2025, driven by $471,300 unrealized and $296,780 realized trading losses.
USL reports August net loss of $2.1M; NAV per share $36.06
Net loss of $2,140,416 for August 2025, driven by $2,028,450 unrealized loss on futures.
USL reports July net income $3.18M; NAV per share $37.84
Net income for July 2025 was $3,178,994, driven by $3,334,225 in unrealized gains on commodity futures.
USL reports June 2025 NAV of $42.2M ($35.19/share); net income $2.25M
Net income of $2,246,421 for June 2025, driven by $2,469,682 unrealized gain on futures.
United States 12 Month Oil Fund reports net income of $1.34M for May 2025; NAV per share $33.08
Net income of $1,339,715 for month ended May 31, 2025.
USL reports $7.57M net loss for April; NAV falls to $38.4M ($32.00/unit)
Net loss of $7,569,401 for April 2025, mainly from unrealized trading loss of $6,686,920.
Management Director Robert L. Nguyen resigns from USCF board effective May 31, 2025
Robert L. Nguyen tendered resignation as Management Director of USCF, general partner of USL.
USL reports March 2025 net income $1.16M; NAV per share $38.21
Net income of $1,162,108 for month ended March 31, 2025.
USL posts net loss of $1.21M for Feb 2025; NAV per share falls to $37.28
Net loss of $1,210,301 for month ended Feb 28, 2025; total income (loss) of ($1,170,596).
USL reports 2024 net income of $5.1M vs loss in 2023; NAV rises to $38.01
Net income of $5.06M ($2.78 per share) for 2024, compared to net loss of $56,520 ($0.22 per share) in 2023.
USL's GP files audited FY2024 financials; equity down 15% to $5.28M
Total assets of GP $7.13M at Dec 31, 2024, down from $8.69M in 2023.
United States 12 Month Oil Fund reports Jan 2025 net income $392K; NAV $47.83M
Net income $392,258 for January 2025; realized trading gain $291,710 partially offset by unrealized loss $28,396.
United States 12 Month Oil Fund reports Dec 2024 NAV of $38.01 per share
Net income of $2.34M for December 2024, primarily from unrealized gains of $2.60M.
USL reports November net loss of $343K; NAV per share falls to $36.29
Net loss of $343,139 for month ended Nov 30, 2024; total income loss of $297,031.
USL reports October 2024 net income of $941k; NAV per share $36.54
Net income of $940,891 for October 2024; Net Asset Value per share $36.54.
USL reports Sep 2024 net loss of $2.62M; NAV $35.91 per share
Net loss of $2,618,024 for month ended Sep 30, 2024.
USL posts $2.5M net loss for Aug; NAV drops to $37.66 from $39.30
Net loss of $2,530,272 for month ended Aug 31, 2024.
USL reports July 2024 monthly account statement: NAV per share $39.30, net loss $1.89M
Net Asset Value fell to $60.9M from $64.9M; net loss of $1,890,895 for the month.
USL reports net income of $2.8M for June; NAV per share $40.54
Net income $2,797,714 for June 2024; total income $2,844,682.
USL reports May 2024 net loss of $2.2M; NAV per share falls to $38.80
Net loss of $2,199,228 for May 2024; realized gain $534K offset by unrealized loss $2.95M.
USL reports April 2024 monthly account statement; net income $282,515
Net income of $282,515 for month ended April 30, 2024.
USL reports March 2024 net income of $4.5M, NAV per share $39.99
Net income for March $4.45M on total income of $4.50M and expenses of $49K.
USL reports Feb 2024 net income of $914,761; NAV per share $37.35
Net income for month ended Feb 29, 2024: $914,761.
USL posts net loss of $56,520 in FY2023 vs net income of $38.4M in FY2022
Net loss of $56,520 for 2023; net income of $38,362,556 in 2022. Revenue primarily from dividends and interest.
USCF (GP of USL) audited FY2023 balance sheet: assets drop 34%, equity down 40%
Total assets $8.7M at Dec 31, 2023, down from $13.3M in 2022 (34% decrease).
US 12 Month Oil Fund reports Jan 2024 net income $2.9M, NAV $36.85/share
Net income of $2.9M driven by $3.0M unrealized gain on crude futures, partially offset by $296K realized loss.
USL reports net loss of $3.5M for December 2023; NAV per share $35.23
Net loss of $3,516,151 for the month ended December 31, 2023.
USL reports November 2023 monthly net loss of $2.64M; NAV per share $36.86
Net loss of $2,642,986 for month ended November 30, 2023, primarily from unrealized loss of $3.1M on futures.
United States 12 Month Oil Fund reports $3.69M net loss for October 2023
Net loss of $3,685,906 for month ended Oct 31, 2023; net asset value per share $38.19.
USL dismisses Spicer Jeffries as auditor, appoints Cohen & Company
Dismissed Spicer Jeffries LLP as independent registered public accounting firm effective November 14, 2023.
USL reports September 2023 monthly net income of $3.75M; NAV per share $40.06
Net income of $3.75M for month ended Sept 30, 2023, driven by $1.06M realized and $2.44M unrealized gains on commodity futures.
USL reports August 2023 net income of $1.76M, NAV per share $38.14
Net income of $1,760,580 from realized/unrealized trading gains and dividends.
USL reports July 2023 NAV per share of $37.24, net income $9.98M
Net income $9,983,239 for July 2023, driven by $10.27M unrealized gain on commodity futures offsetting $558K realized loss.
USL adds ADM Investor Services as FCM; Marex internal transfer has no material impact
Entered Customer Account Agreement with ADM Investor Services to serve as additional futures commission merchant.
USL reports June 2023 net income of $3.6M, NAV per share $32.70
Net income for June 2023: $3,598,918; NAV per share $32.70 on 2,250,000 shares.
USL reports May 2023 net loss of $7.05M, NAV per share $31.14
Net loss of $7,048,260 for May 2023; NAV per share declined to $31.14 from $32.78.
USL reports April 2023 net income of $1.4M, NAV per share $34.27
Net income $1,433,044; realized trading loss $724,250 offset by unrealized gain $1,908,900.
USL reports net loss of $740K for March 2023; NAV per share $33.77
Net loss of $740,109 for month ended March 31, 2023; realized trading loss of $993,910.
United States 12 Month Oil Fund LP announces departure and appointment of two Management Directors
Nicholas D. Gerber and Andrew F Ngim resigned as Management Directors of USCF (general partner) effective April 1, 2023.
USL reports monthly net loss of $2.1M; NAV per share $34.19 for Feb 2023
Net loss of $2,117,617 for month ended Feb 28, 2023; realized trading loss of $615,150.
On May 19, 2025, Mr. Robert L. Nguyen tendered his resignation as a Management Director of the United States Commodity Funds LLC (“USCF”), which is the general partner of the United States 12 Month Oil Fund, LP (the “Registrant”).
On April 1, 2023, each of Messrs. Nicholas D. Gerber and Andrew F Ngim tendered his resignation as a Management Director of the United States Commodity Funds LLC (“USCF”)
On April 1, 2023, each of Mr. Stuart P. Crumbaugh and Ms. Kathryn D. Rooney was appointed as a Management Director of USCF, effective immediately.
On April 1, 2023, each of Mr. Stuart P. Crumbaugh and Ms. Kathryn D. Rooney was appointed as a Management Director of USCF, effective immediately.
On April 1, 2023, each of Messrs. Nicholas D. Gerber and Andrew F Ngim tendered his resignation as a Management Director of the United States Commodity Funds LLC (“USCF”)
Max materiality 0.65 · Median 0.25 · Most common event other_material