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United States 12 Month Oil Fund, LP (USL)

United States 12 Month Oil Fund, LP brought in $13.3M of revenue over the twelve months to June 30, 2026. Net income was $12.9M, a net margin of 96.5%. At June 30, 2026 it held $34.8M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 7, 2026.

Price
$56.30
-1.49% on the day · September 25, 2026
52-week range $32.25 to $57.91
Market cap
$50.7M
Revenue (last 12 months)
$13.3M
Net margin
96.5%

What United States 12 Month Oil Fund, LP does

United States 12 Month Oil Fund, LP is registered with the SEC under industry code SIC 6221 (Commodity Contracts Brokers & Dealers). Its shares trade on NYSE under the ticker USL.

Revenue and profit by year

Revenue
FY18: -$4.9M -$4.9M FY18FY19: $14.9M $14.9M FY19FY20: $110.3M $110.3M FY20FY21: $94.9M $94.9M FY21FY22: $39.4M $39.4M FY22FY23: $551.3K $551.3K FY23FY24: $5.7M $5.7M FY24FY25: -$5.3M -$5.3M FY25
Net income
FY18: -$5.5M -$5.5M FY18FY19: $14.4M $14.4M FY19FY20: $108.7M $108.7M FY20FY21: $93.3M $93.3M FY21FY22: $38.4M $38.4M FY22FY23: -$56.5K -$56.5K FY23FY24: $5.1M $5.1M FY24FY25: -$5.8M -$5.8M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025-$5.3Mn/a-$5.8Mn/an/a
2024$5.7Mn/a$5.1Mn/an/a
2023$551.3Kn/a-$56.5Kn/an/a
2022$39.4Mn/a$38.4Mn/an/a
2021$94.9Mn/a$93.3Mn/an/a
2020$110.3Mn/a$108.7Mn/an/a

Full financial statements: income, balance sheet and cash flow

Next report expected around November 6, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 7, 2025. Not a date the company has announced. See the report calendar

Latest SEC filings

What United States 12 Month Oil Fund, LP has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
  2. August 28, 2026
  3. August 7, 2026
    Quarterly report 10-Q · period to June 30, 2026Net loss of $1.9M.
  4. July 29, 2026
  5. June 29, 2026
  6. May 28, 2026
  7. May 14, 2026
  8. May 8, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 3,589% to $17M versus the same quarter last year; net income rose 4,801% to $16.9M.
  9. April 29, 2026
  10. April 24, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on April 6, 2023. Insider transactions on SEC

All filings on SEC EDGAR

Questions about USL

What does United States 12 Month Oil Fund, LP do?

United States 12 Month Oil Fund, LP is registered with the SEC under industry code SIC 6221 (Commodity Contracts Brokers & Dealers). Its shares trade on NYSE under the ticker USL.

Is United States 12 Month Oil Fund, LP profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $12.9M on revenue of $13.3M, a net margin of 96.5%.

How much revenue does United States 12 Month Oil Fund, LP make?

Over the twelve months to June 30, 2026 United States 12 Month Oil Fund, LP reported revenue of $13.3M.

When did United States 12 Month Oil Fund, LP last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 7, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from September 25, 2026.

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Where the numbers come from

Financial figures are the values United States 12 Month Oil Fund, LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.