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United States Brent Oil Fund (NYSEARCA: BNO) details February 2026 income and NAV

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

United States Brent Oil Fund, LP furnished its monthly account statement for the month ended February 28, 2026, detailing income and net asset changes. The fund reported net income of $11,581,292, driven mainly by realized trading gains of $10,766,010 on commodity futures and additional unrealized gains, dividends, interest income, and ETF transaction fees.

Net asset value increased from $135,515,192 at the beginning of the month to $213,195,379 at month end. This reflected $76,035,891 of additions from 2,300,000 shares, withdrawals of $9,936,996 from 300,000 shares, and the month’s net income. Net asset value per share at month end was $34.67 based on 6,150,000 shares.

Positive

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Negative

  • None.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.

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FAQ

What net income did United States Brent Oil Fund (BNO) generate in February 2026?
United States Brent Oil Fund generated net income of $11,581,292 for the month ended February 28, 2026. This result came mainly from realized trading gains on commodity futures, supplemented by unrealized gains, dividend income, interest income, and ETF transaction fees as detailed in the monthly statement.

How did United States Brent Oil Fund (BNO) calculate its February 2026 total income?
Total income for February 2026 was $11,714,080, led by $10,766,010 in realized trading gains on commodity futures. The fund also recorded unrealized gains of $495,570, dividend income of $211,440, interest income of $234,410, and ETF transaction fees of $6,650 during the month.

What were the key expense items for United States Brent Oil Fund (BNO) in February 2026?
Total expenses were $132,788 for February 2026. These included general partner management fees of $94,736, professional fees of $17,040, brokerage commissions of $14,201, and directors’ fees and insurance of $6,811, all reducing total income to arrive at net income.

How did United States Brent Oil Fund (BNO) net asset value change during February 2026?
Net asset value rose from $135,515,192 on February 1, 2026 to $213,195,379 at month end. The change reflected $76,035,891 of additions from 2,300,000 shares, $9,936,996 of withdrawals from 300,000 shares, and monthly net income of $11,581,292, all shown in the statement.

What was United States Brent Oil Fund (BNO) net asset value per share at February 28, 2026?
Net asset value per share was $34.67 at February 28, 2026. This figure is based on total net assets of $213,195,379 and 6,150,000 shares outstanding, as presented in the Statement of Changes in Net Asset Value within the monthly account statement.

Where can investors find the February 2026 monthly statement for United States Brent Oil Fund (BNO)?
The February 2026 monthly account statement is furnished as Exhibit 99.1 to the Form 8-K and is also available on the fund’s website at www.uscfinvestments.com, providing the Statement of Income (Loss) and Statement of Changes in Net Asset Value.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): March 27, 2026

 

UNITED STATES BRENT OIL FUND, LP

(Exact name of registrant as specified in its charter)

 

Delaware 001-34704 27-0925904
(State or other jurisdiction
of incorporation)		 (Commission File Number) (I.R.S. Employer
Identification No.)

 

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, California 94596

(510) 522-9600 (Address of principal executive offices) (Zip Code) 
Registrant’s telephone number,    
including area code    

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨    Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered:
Shares of United States Brent Oil Fund, LP   BNO   NYSE Arca, Inc.

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On March 27, 2026, United States Brent Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended February 28, 2026, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.uscfinvestments.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES BRENT OIL FUND, LP
  By: United States Commodity Funds LLC, its general partner
     
Date: March 27, 2026 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

United States Brent Oil Fund, LP 

Monthly Account Statement 

For the Month Ended February 28, 2026

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $10,766,010 
Unrealized Gain (Loss) on Market Value of Commodity Futures   495,570 
Dividend Income   211,440 
Interest Income   234,410 
ETF Transaction Fees   6,650 
Total Income (Loss)  $11,714,080 
      
Expenses     
General Partner Management Fees  $94,736 
Professional Fees   17,040 
Brokerage Commissions   14,201 
Directors' Fees and Insurance   6,811 
Total Expenses  $132,788 
Net Income (Loss)  $11,581,292 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/26  $135,515,192 
Additions (2,300,000 Shares)   76,035,891 
Withdrawals (300,000 Shares)   (9,936,996)
Net Income (Loss)   11,581,292 
      
Net Asset Value End of Month  $213,195,379 
Net Asset Value Per Share (6,150,000 Shares)  $34.67 

 

To the Limited Partners of United States Brent Oil Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended February 28, 2026 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh  
Chief Financial Officer  

United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP  

 

United States Commodity Funds LLC 

1850 Mt. Diablo Boulevard, Suite 640 

Walnut Creek, CA 94596

 

 

 

Source: View Original Filing on SEC EDGAR

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