Every 8-K that United States Brent Oil Fund, LP (BNO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BNO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BNO filings page.
United States Brent Oil Fund, LP (BNO) issued its monthly account statement for the month ended August 31, 2026. It reported net income of $35,072,555, including a realized trading gain on commodity futures of $20,577,580 and an unrealized gain on their market value of $13,162,030. Total income was $35,620,919 and total expenses were $548,364.
Net asset value was $615,262,133 at the beginning of the month and $620,942,000 at month-end. Additions were $87,619,235 for 1,750,000 shares, while withdrawals were $117,011,923 for 2,250,000 shares. Net asset value per share was $52.85 on 11,750,000 shares.
United States Brent Oil Fund, LP (BNO) disclosed that The Marygold Companies, Inc. (TMC), the sole shareholder of USCF Investments, Inc., announced a definitive agreement with Madison Dearborn Partners for TMC to become privately held in an all-cash transaction. USCF Investments is the holding company and sole member of United States Commodity Funds LLC, BNO’s general partner.
The transaction is expected to close during the first half of 2027 or earlier, subject to customary closing conditions, including TMC stockholder approval, regulatory approvals and certain change-of-control approvals. If completed, TMC’s common stock will no longer be listed on the New York Stock Exchange. TMC and Madison Dearborn Partners indicated that, after closing and at the appropriate time, their leaders will execute TMC’s previously announced transformation strategy to refocus USCF’s business. They stated there is no guarantee the transaction will close within the expected timeframe or at all.
United States Brent Oil Fund, LP (BNO) reported its monthly account statement for the month ended July 31, 2026. The fund generated $128,465,895 in total income, driven mainly by realized trading gains on commodity futures of $86,247,780 and unrealized gains of $40,462,870.
Total expenses were $521,896, resulting in net income of $127,943,999 for the month. Net asset value was $543,576,722 at the beginning of July and $615,262,133 at month end, with a net asset value per share of $50.23 based on 12,250,000 shares.
United States Brent Oil Fund, LP issued its monthly account statement for the month ended June 30, 2026, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value pursuant to Rule 4.22 under the Commodity Exchange Act.
The fund recorded a net loss of $162,401,367, driven by a realized trading loss on commodity futures of $234,037,190, partially offset by an unrealized gain of $70,126,390, dividend income of $1,597,912, interest income of $485,099 and ETF transaction fees of $10,150. Total expenses were $583,728. Net asset value began at $765,054,342, reflected additions of $185,488,149 (3,750,000 shares) and withdrawals of $244,564,402 (5,550,000 shares), and ended at $543,576,722, or $40.41 per share based on 13,450,000 shares.
United States Brent Oil Fund, LP reported a significant trading loss for May 2026. For the month ended May 31, 2026, it recorded a net loss of $127,387,324, driven mainly by an unrealized loss on commodity futures of $265,677,650 that outweighed realized trading gains and income.
Net asset value declined from $858,516,466 at the beginning of May to $765,054,342 at month-end, while net asset value per share was $50.17 based on 15,250,000 shares. Management fees and other expenses totaled $634,117, a small portion of overall results, and the general partner affirmed the accuracy and completeness of this monthly account statement.
United States Brent Oil Fund, LP reported strong April 2026 performance in its monthly account statement. The fund generated net income of $81,162,327, driven by an unrealized gain on commodity futures of $149,818,030, which more than offset a realized trading loss of $70,459,250.
Total income was $81,772,810, supplemented by dividend income of $1,585,142, interest income of $815,938, and ETF transaction fees of $12,950, against relatively modest expenses of $610,483. Net asset value was $858,516,466 at month-end, with a net asset value per share of $58.20 based on 14,750,000 shares outstanding.
United States Brent Oil Fund, LP reported strong March 2026 results in a monthly account statement furnished with this Form 8-K. For the month ended March 31, 2026, the fund generated $138.4 million in net income, driven mainly by a $145.4 million realized trading gain on commodity futures, partly offset by an $8.2 million unrealized loss on those positions.
Total income was $138.8 million and expenses were modest at $0.4 million, resulting in high operating leverage. Net asset value increased from $213.2 million at the start of the month to $951.7 million at month-end, helped by large capital additions and trading gains. Net asset value per share at March 31, 2026 was $51.86 based on 18.35 million shares.
United States Brent Oil Fund, LP furnished its audited annual financial statements for the year ended December 31, 2025. The fund reported a net loss of $4.1 million in 2025, compared with net income of $10.6 million in 2024, as losses on Brent crude oil futures outweighed dividend and interest income.
Partners’ capital declined to $100.4 million at year-end 2025 from $114.5 million a year earlier, with net asset value per share decreasing from $30.14 to $28.29. Total return for 2025 was -6.14%, versus a 10.04% gain in 2024. Weighted average shares outstanding fell as creations were more than offset by redemptions.
The fund’s portfolio at year-end 2025 consisted mainly of ICE Brent crude futures (1,651 contracts with unrealized gain of $2.3 million) and U.S. government money market funds of $62.75 million. Cohen & Company, Ltd. issued unqualified opinions on both the financial statements and internal control over financial reporting and reported no critical audit matters.
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.
United States Brent Oil Fund, LP filed an 8-K furnishing the audited statements of financial condition of its general partner, United States Commodity Funds LLC, as of December 31, 2025 and 2024. USCF reported total assets of $6,712,164 and member’s equity of $5,075,965 at year-end 2025, slightly lower than $7,128,612 of assets and $5,278,930 of equity in 2024. The balance sheet is dominated by $2,432,322 of investments at fair value and $1,540,906 of cash and equivalents at 2025 year-end. Notes describe related-party management fee receivables, fair value methodologies, lease obligations through March 2028, income tax positions, and multiple legal and regulatory matters. These include previously disclosed SEC and CFTC cease-and-desist orders with aggregate civil monetary penalties of $2,500,000 and several ongoing securities and derivative lawsuits where no loss accrual has been recorded.
United States Brent Oil Fund, LP reported a strong January 2026, generating net income of $16,379,067. Total income was $16,483,600, driven mainly by realized trading gains on commodity futures of $8,585,390 and unrealized gains on commodity futures of $7,566,180, with modest dividend and interest income.
Expenses were kept low at $104,533, resulting in a sizable increase in net asset value. Net asset value rose from $100,436,504 at the beginning of the month to $135,515,192 at month-end, helped by additions of 650,000 shares and withdrawals of 50,000 shares. Net asset value per share was $32.65 based on 4,150,000 shares.
United States Brent Oil Fund, LP furnished an update on its financial results for the month ended December 31, 2025. The fund submitted its required monthly account statement, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, in line with Rule 4.22 under the Commodity Exchange Act.
This information is provided as an exhibit to a current report and is treated as furnished rather than filed under securities laws. The same monthly account statement is also available on the fund’s website, giving investors another way to review the fund’s recent financial activity.
United States Brent Oil Fund, LP furnished a routine update by providing its monthly account statement for the month ended November 30, 2025. The statement includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value prepared under Commodity Exchange Act Rule 4.22. The document is attached as Exhibit 99.1 and is also available on the fund’s website at www.uscfinvestments.com. This information is being furnished under Regulation FD and is not treated as filed for liability purposes under the Securities Exchange Act.
United States Brent Oil Fund, LP reported that it has released its monthly account statement for the month ended October 31, 2025. The statement, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value under Rule 4.22 of the Commodity Exchange Act, provides investors with an update on the fund’s performance and capital changes for the month.
The account statement is furnished as Exhibit 99.1 to this Form 8-K and is also available on the fund’s website at www.uscfinvestments.com. The information is being furnished under Regulation FD and is not deemed “filed” for purposes of the Securities Exchange Act of 1934 or incorporated into other securities law filings unless specifically referenced.
United States Brent Oil Fund, LP (BNO) furnished a monthly account statement for the month ended September 30, 2025 under Regulation FD. The report, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, was provided as Exhibit 99.1 and is available on the sponsor’s website.
The information was furnished, not filed, under the Exchange Act and is not subject to Section 18 liabilities, nor incorporated into other filings unless specifically referenced.
United States Brent Oil Fund, LP filed a current report to share its monthly account statement for the month ended August 31, 2025. The report states that the statement is presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required under the Commodity Exchange Act. The monthly account statement is provided as Exhibit 99.1 and is also available on the fund’s website. The information is being furnished under Regulation FD and is not treated as filed for liability purposes under the Securities Exchange Act.