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United States 12 Month Oil Fund earns $4.01M in September

At September 30, 2026, the fund reported $48,495,866 in net asset value and $57.05 per share, based on 850,000 shares.

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Form Type
8-K

Rhea-AI Filing Summary

United States 12 Month Oil Fund, LP (USL) issued its monthly account statement for the month ended September 30, 2026. It reports net income of $4,008,344, with total income of $4,050,488 and total expenses of $42,144. Income included a $1,154,210 realized trading gain on commodity futures and a $2,756,400 unrealized gain on their market value.

Net asset value was $44,487,522 at the start of the month and $48,495,866 at month-end. Net asset value per share was $57.05, based on 850,000 shares.

Filing Explained

The October 30 8-K furnishes the September account statement as Regulation FD disclosure; it is not deemed filed for Section 18 purposes or incorporated by reference into another filing unless specifically referenced.

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, or exhibit attachments filed with this report.
Net income $4,008,344 Month ended September 30, 2026
Total income $4,050,488 Month ended September 30, 2026
Total expenses $42,144 Month ended September 30, 2026
Ending net asset value $48,495,866 As of September 30, 2026
Net asset value per share $57.05 Based on 850,000 shares
Realized trading gain on commodity futures $1,154,210 Month ended September 30, 2026
Unrealized gain on market value of commodity futures $2,756,400 Month ended September 30, 2026
Realized Trading Gain (Loss) on Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures"
Unrealized Gain (Loss) on Market Value of Commodity Futures financial
"Unrealized Gain (Loss) on Market Value of Commodity Futures"
Net Asset Value Per Share financial
"Net Asset Value Per Share (850,000 Shares)"
Net asset value per share is the total value of a fund’s assets minus its liabilities, divided by the number of outstanding shares, so it represents what each share would be worth if the fund sold everything and paid its debts. Investors use it like a per-share “break-up” price to compare against the market trading price — if shares trade below NAV per share they may be seen as discounted, above it as a premium.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was USL's net income for September 2026?

USL reported net income of $4,008,344 for the month ended September 30, 2026. Total income was $4,050,488 and total expenses were $42,144.

What was USL's net asset value per share at September 30, 2026?

USL's net asset value per share was $57.05, based on 850,000 shares. Total net asset value at month-end was $48,495,866.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): October 30, 2026

 

UNITED STATES 12 MONTH OIL FUND, LP

(Exact name of registrant as specified in its charter)

 

Delaware 001-33859 26-0431897
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)   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 12 Month Oil Fund, LP   USL   NYSE Arca, Inc.

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On October 30, 2026, United States 12 Month Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended September 30, 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 12 MONTH OIL FUND, LP
  By: United States Commodity Funds LLC, its general partner
     
Date: October 30, 2026 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2026

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,154,210 
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,756,400 
Dividend Income   100,484 
Interest Income   39,394 
Total Income (Loss)  $4,050,488 
      
Expenses     
General Partner Management Fees  $23,323 
Professional Fees   16,745 
Brokerage Commissions   384 
Directors' Fees and Insurance   1,109 
License Fees   583 
Total Expenses  $42,144 
Net Income (Loss)  $4,008,344 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/26  $44,487,522 
Net Income (Loss)   4,008,344 
      
Net Asset Value End of Month  $48,495,866 
Net Asset Value Per Share (850,000 Shares)  $57.05 

 

To the Limited Partners of United States 12 Month 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 September 30, 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 12 Month Oil Fund, LP
   
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596  

 

 

 

Filing Exhibits & Attachments

4 documents

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