Every 10-Q that United States Oil Fund, LP (USO) 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 USO 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 USO filings page.
United States Oil Fund, LP (USO) reported results for the quarter and six months ended June 30, 2026. Partners’ capital was $1,753,725,242 and total assets were $1,904,147,269, up from $889,618,360 at December 31, 2025.
For the six-month period, net income was $618,312,510 compared with a net loss of $32,658,947 for the six months ended June 30, 2025. Net asset value per share increased from $69.10 to $105.50, producing a 52.68% total return. The quarter alone showed a net loss of $365,434,420 and a -16.54% total return, reflecting large negative changes in unrealized gains on open crude oil futures and swap positions despite substantial realized gains.
USO had 16,623,603 limited partner shares outstanding at June 30, 2026, with market price $106.44 per share. The portfolio consisted primarily of 22,431 NYMEX WTI crude oil futures contracts with $1,830,200,860 notional value and over-the-counter commodity swaps, alongside $1,090,700,000 in U.S. government money market funds, representing 62.19% of partners’ capital. Management fees were 0.45% per annum of average daily net assets, and the general partner reimbursed $2,467,010 of futures execution slippage, leaving net asset value unaffected.
United States Oil Fund, LP reported a very strong first quarter of 2026, driven by rising crude oil futures prices. Net income reached $983.7 million for the three months ended March 31, 2026, compared to $40.3 million a year earlier.
Net asset value per share increased from $69.10 at December 31, 2025 to $126.39 at March 31, 2026, delivering a stated total return of 82.91% for the quarter. Assets grew to $2.74 billion, with 23,766 NYMEX WTI crude oil futures contracts and significant cash and money market holdings supporting margin and liquidity.
United States Oil Fund, LP (USO) filed its 10‑Q and reported net income of $23,463,970 for the three months ended September 30, 2025, compared to a loss a year ago. NAV per share was $73.58 and market price $73.75 at quarter‑end. Total assets were $902,868,205, with partners’ capital of $884,669,387 and 12,023,603 limited partners’ shares outstanding.
USO held 11,962 NYMEX WTI November 2025 futures (notional $748,138,130) with an unrealized loss of $2,068,190, and OTC swaps with $138,588,321 notional and a $91,039 unrealized gain. Cash and cash equivalents included $675,000,000 in money market funds. For the nine months, USO recorded a net loss of $9,194,977, generated $28,174,943 from operating activities, and used $134,372,942 in financing activities. In litigation, on September 29, 2025 a federal court granted defendants’ motion to dismiss a consolidated securities class action without prejudice; prior SEC/CFTC orders in 2021 required aggregate $2,500,000 civil penalties.