Every 10-Q that United States 12 Month Oil Fund, LP (USL) 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 10-Q covers the quarterly report filed between annual reports, so if you follow USL 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 USL filings page.
United States 12 Month Oil Fund, LP is a commodity pool that seeks to track the average of 12 consecutive NYMEX light, sweet crude oil futures contracts plus interest on collateral, less expenses. For the six months ended June 30, 2026, the fund generated net income of $14,995,019 and a total return of 35.33%, as per share NAV rose from $33.31 to $45.08.
Total assets were $40.7 million with partners’ capital of $40.6 million and minimal liabilities. USL held 597 NYMEX WTI crude oil futures with notional value of $41.8 million and an unrealized loss of $1.24 million, alongside $33.0 million in money market funds. Management fees ran at 0.60% of average net assets, with other expenses about 0.37%, while commissions were only 0.02% annualized. Over the period, the average price of the Benchmark Oil Futures Contracts increased about 19.06%, and USL’s actual total return outperformed its benchmark calculation by 1.64 percentage points, reflecting interest and dividend income net of expenses and execution.
United States 12 Month Oil Fund, LP reports a sharply higher first-quarter 2026 driven by gains in crude oil futures. Net income reached $16.9 million for the three months ended March 31, 2026, compared with $344,065 a year earlier, as realized and unrealized gains on WTI futures totaled about $16.6 million.
Net asset value per share rose from $33.31 at December 31, 2025 to $47.79 at March 31, 2026, a 43.47% total return for the period. Total assets increased to $65.5 million, with partners’ capital of $59.7 million and 1,250,000 limited partner shares outstanding at quarter-end.
The fund held 758 NYMEX WTI crude oil futures contracts with notional value of about $47.8 million and an unrealized gain of $11.9 million, alongside $41.6 million in government money market funds. Average daily total net assets were $46.3 million, with a management fee of 0.60% per year and total expenses remaining modest relative to income.
United States 12 Month Oil Fund (USL) filed its Q3 2025 report, showing net assets of $40,990,293 and partners’ capital of $40,825,678. Shares outstanding were 1,150,000 and NAV per share was $35.50, while market price was $35.60.
USL posted net income of $373,725 for the quarter and a nine‑month net loss of $3,265,475. Year‑to‑date total return was (6.60)%. The fund tracks the average of 12 consecutive NYMEX WTI crude futures; over the period, the benchmark’s average price fell about (11.89)%, and USL’s NAV declined less as income from cash holdings offset some futures losses.
At quarter‑end, USL held 665 WTI futures with an unrealized loss of $1,594,720 and collateral cash of $7,039,712. Cash and cash equivalents totaled $35,391,101, including $31,630,000 in government money market funds. Operating cash flow was $(2,169,824); financing cash flow was $(5,325,031) as 250,000 shares were redeemed and 100,000 were created year‑to‑date. The management fee remained 0.60% of average daily net assets.