Fundies.
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UNITED STATES 12 MONTH OIL FUND, LP

EDGAR
USL Current report (8-K) · filed 2026-10-30

Annual consolidated revenue for 2025: about Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q -5.333M, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.676M.

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Watchlist

Latest quarter

Revenue

-1.73 million Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA

2026 Q2 · Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA

Exact inputs and evidence
  • Revenue: -1734400 Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA Source

Net margin

107.72%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: -1868319 Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA Source
  • Revenue: -1734400 Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA Source
Cash and cash equivalents
34.8 million Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA Source
Exact value

34762105 Unit_Standard_USD_4MXAq-J5LUKlmj2EgjtazA

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -194%

    Prior period

    Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.68 million

    –

    Current period

    −Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.33 million

    –

    Exact inputs and evidence

    -5333392 − 5675975 = -11009367 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

    5675975 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -5333392 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -214%

    Prior period

    Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.06 million

    –

    Current period

    −Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.76 million

    –

    Exact inputs and evidence

    -5764786 − 5056744 = -10821530 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

    5056744 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -5764786 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -189.4%

    Prior period

    Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 3.57 million

    –

    Current period

    −Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 3.19 million

    –

    Exact inputs and evidence

    -3192472 − 3570066 = -6762538 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

    3570066 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -3192472 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue −Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.33 million
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income −Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.76 million

Cash

  • Operating cash flow −Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 3.19 million
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-31551333 UnavailableUnavailableUnavailable-56520 Unavailable
Source
2024 2024-01-01 – 2024-12-315675975 UnavailableUnavailableUnavailable5056744 Unavailable
Source
2025 2025-01-01 – 2025-12-31-5333392 UnavailableUnavailableUnavailable-5764786 Unavailable
Source

Amounts are exact, in Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q -5.3M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.6M3.4M171.3K-3.0M-6.2M202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q)Source evidence
2023Revenue551333
2024Revenue5675975
2025Revenue-5333392

Revenue growth

Change in revenue from the same financial period one year earlier.

-194% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1,019%694%368%42%-284%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year929.5%
2025Year over year-194%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 108.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.118%83%49%15%-20%2023-12-312024-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2023Net margin-10.3%
2024Net margin89.1%
2025Net margin108.1%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q -3.2M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.1M2.1M188.8K-1.8M-3.7M202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q)Source evidence
2023Operating cash flow-1281395
2024Operating cash flow3570066
2025Operating cash flow-3192472

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q)Source evidence
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
−Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 56,520
Exact value

Exact value: -56520 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

2023-01-01 – 2023-12-31: -56520 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q Inspect Net Income Open source
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−Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 1.28 million
Exact value

Exact value: -1281395 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

2023-01-01 – 2023-12-31: -1281395 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.06 million
Exact value

Exact value: 5056744 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

2024-01-01 – 2024-12-31: 5056744 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q Inspect Net Income Open source
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Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 3.57 million
Exact value

Exact value: 3570066 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

2024-01-01 – 2024-12-31: 3570066 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 5.76 million
Exact value

Exact value: -5764786 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

2025-01-01 – 2025-12-31: -5764786 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q Inspect Net Income Open source
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−Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q 3.19 million
Exact value

Exact value: -3192472 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q

2025-01-01 – 2025-12-31: -3192472 Unit_Standard_USD_1CXfMTbTaEqNEcR3JJDY_Q Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

91 filings · 2,089 latest values · 2,089 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001405528, 1405528, USL, edgar:1405528, usl

Also known as UNITED STATES 12 MONTH OIL FUND, LP, United States 12 Month Oil Fund, LP, United States 12 Month Oil Fund, LP