Filing Flows › United States 12 Month Oil Fund, LP (USL) › Q1 2025
United States 12 Month Oil Fund, LP (USL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
United States 12 Month Oil Fund, LP (USL) reported revenue of $460K for the first quarter 2025 (Q1 2025), -95% from a year earlier and -85% from the quarter before. Operating margin was 74.8%, net earnings $344K (74.8% of revenue).
United States 12 Month Oil Fund, LP, Q1 2025: revenue $460K (-94% year over year), operating margin 74.8%, net earnings $344K, operating cash flow $211K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460K | -85% | -95% |
| Operating profit | $344K | -88% | -96% |
| Net earnings | $344K | -88% | -96% |
| Operating cash flow | $211K | — | -80% |
What changed
Revenue was $460K in Q1 2025, down 95% year over year and down 85% from the previous quarter.
Operating profit was $344K, a 74.8% margin (down 23.5 points year over year). Total costs fell 21% while revenue fell 95%. Net earnings were $344K, down 96% year over year. The effective tax rate was 0.0%.
Operating cash flow was $211K (down 80% year over year), 61% of net earnings. Working capital and other items used $133K.
Questions
What was United States 12 Month Oil Fund, LP's revenue in the first quarter 2025?
United States 12 Month Oil Fund, LP (USL) reported revenue of $460K for the first quarter 2025 (Q1 2025), -95% from a year earlier and -85% from the quarter before.
Was United States 12 Month Oil Fund, LP profitable in the first quarter 2025?
Operating profit was $344K (74.8% of revenue) and net earnings $344K.
Source: United States 12 Month Oil Fund, LP 10-Q on SEC EDGAR.