United States 12 Month Oil Fund, LP cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow$5.7M in Q2 2026 · $11.7M over twelve months
Operating cash flow$5.7M
Free cash flow+$5.7M
Analysis
In Q2 2026, United States 12 Month Oil Fund, LP generated $5.7M of operating cash flow. That is $7.7M more than in Q2 2025 (−$1.9M).
Over the twelve months to Jun 30, 2026, operating cash flow was $11.7M; the largest uses were other financing ($14.5M); the cash balance fell by $2.9M.
Operating cash flow was $5.7M against net income of −$1.9M.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow $5.7M, Capital spending $0.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $149M; the largest uses were operating cash flow ($4.5M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$34.8M
Debtnone
Net cash$34.8M
United States 12 Month Oil Fund, LP funds itself: free cash flow was $11.7M over the last twelve months, with $34.8M of cash and investments and no debt on the balance sheet.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Cash drawn (+) / kept (−)
Free cash flow
Q2 2026
$5.7M
$11.6M
$5.7M
Q1 2026
$7.4M
−$13.6M
$7.4M
Q4 2025
−$1.0M
$2.7M
−$1.0M
Q3 2025
−$438K
$2.2M
−$438K
Q2 2025
−$1.9M
$3.5M
−$1.9M
Q1 2025
$211K
$1.8M
$211K
Q4 2024
−$360K
$7.8M
−$360K
Q3 2024
$376K
$3.6M
$376K
United States 12 Month Oil Fund, LP: income statement and cash flow
United States 12 Month Oil Fund, LP, Q1 2026: revenue $17.0M (37× year over year), operating margin 99.4%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.