Here are the 10-Q quarterly reports from Invesco DB Energy Fund (DBE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DBE 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 DBE filings page.
Invesco DB Energy Fund (DBE) reported net income of $34,216,429 for the three months ended September 30, 2026, compared with $924,296 a year earlier; nine-month net income was $51,119,250 versus $932,994. Commodity futures contributed $33,445,557 in realized and unrealized gains for the quarter, including $28,799,167 in unrealized gains.
At September 30, 2026, DBE reported $107,736,724 in affiliated money-market investments and $17,322,968 in net appreciation on open commodity futures contracts. Total assets were $124,684,806, net asset value was $36.65 per share, and 3,400,000 shares were outstanding. NAV total return was 40.58% for the quarter and 109.79% for nine months. No distributions were paid during the nine-month period. Operating activities used $29,748,001 in cash during the nine months, while financing activities provided $29,748,001. DBE seeks to track an energy futures index and holds money-market investments for cash management.
Invesco DB Energy Fund, an exchange-traded commodity pool tracking the DBIQ Optimum Yield Energy Index Excess Return™, reported shareholders’ equity of $82.1 million at June 30, 2026, up from $41.0 million at December 31, 2025, with 3,150,000 Shares outstanding and a NAV per share of $26.07.
The portfolio consisted primarily of affiliated money market investments of $71.5 million and net unrealized depreciation on open commodity futures of $11.5 million. For the six months ended June 30, 2026, the Fund generated net income of $16.9 million, driven by $25.4 million in realized gains on commodity futures contracts partially offset by $9.6 million in negative unrealized moves. Six‑month total return at NAV was 49.23% and at market 50.09%; for the second quarter alone, the Fund recorded a net loss of $12.3 million and an NAV decline of 11.42%, reflecting energy futures volatility.
Invesco DB Energy Fund reported a very strong quarter for the period ended March 31, 2026. Net asset value per share jumped from $17.47 to $29.43, while the market price rose to $29.46, delivering total returns of about 68% for investors over the quarter.
Net income reached $29.2 million, up sharply from $2.7 million a year earlier, driven by $28.9 million of realized and unrealized gains on energy commodity futures. Crude oil and refined products were the largest contributors, while natural gas futures detracted. Shareholders’ equity more than doubled to $85.3 million as assets grew and 550,000 new shares were created.
Invesco DB Energy Fund (DBE) reported Q3 2025 results, showing net income of $924,296 and a net asset value (NAV) per share of $18.97, with market price at $19.01. Shares outstanding were 2,550,000 as of September 30, 2025.
Total assets were $48.39 million and shareholders’ equity was $48.36 million. The portfolio held $38.29 million (79% of equity) in the Invesco Government & Agency Portfolio for cash management and $9.97 million on deposit with the commodity broker to support futures margin. Open long futures exposure included Brent, WTI, ULSD, RBOB and Natural Gas, with a net unrealized depreciation of $466,792 at quarter-end; average monthly notional during Q3 was $51.31 million.
For the quarter, total return was 1.77% at NAV and 2.09% at market. Year-to-date net income was $932,994. Operating cash flow was ($853,277) and financing cash flow was $205,137. No distributions were declared. Subsequent event: effective November 10, 2025, the Index methodology will change, adding an expanded commodity universe, modified Optimum Yield selection, annual weight reviews with caps/floors, and intra-year rebalancing triggers.