Filing Flows › United States Gasoline Fund, LP (UGA) › Q1 2026
United States Gasoline Fund, LP (UGA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
United States Gasoline Fund, LP (UGA) reported revenue of $58.5M for the first quarter 2026 (Q1 2026), up 25-fold from a year earlier. Operating margin was 99.6%, net earnings $58.2M (99.6% of revenue).
United States Gasoline Fund, LP, Q1 2026: revenue $58.5M (25× year over year), operating margin 99.6%, net earnings $58.2M, operating cash flow $53.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.5M | — | 25× |
| Operating profit | $58.2M | — | 28× |
| Net earnings | $58.2M | — | 28× |
| Operating cash flow | $53.3M | — | 96× |
What changed
Revenue was $58.5M in Q1 2026, up 2437% year over year.
Operating profit was $58.2M, a 99.6% margin (up 10.0 points year over year). Of the extra revenue versus Q1 2025, 100% reached operating profit, above the 90% margin then. Total costs grew 1% against revenue growth of 2437%. Net earnings were $58.2M, up 2720% year over year. The effective tax rate was 0.0%.
Operating cash flow was $53.3M (up 9450% year over year), 91% of net earnings. Working capital and other items used $5.0M.
Questions
What was United States Gasoline Fund, LP's revenue in the first quarter 2026?
United States Gasoline Fund, LP (UGA) reported revenue of $58.5M for the first quarter 2026 (Q1 2026), up 25-fold from a year earlier.
Was United States Gasoline Fund, LP profitable in the first quarter 2026?
Operating profit was $58.2M (99.6% of revenue) and net earnings $58.2M.