Filing Flows › United States 12 Month Oil Fund, LP (USL) › Q1 2026 › vs Q1 2025
United States 12 Month Oil Fund, LP (USL) Q1 2026 vs Q1 2025 (year over year)
United States 12 Month Oil Fund, LP's revenue rose $16.5M (37×) from $460K in Q1 2025 to $17.0M in Q1 2026. Operating margin 99.4% against 74.8% (+24.6 pts).
United States 12 Month Oil Fund, LP, Q1 2026: revenue $17.0M (37× year over year), operating margin 99.4%, net earnings $16.9M, operating cash flow $7.4M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 99.4% | 74.8% | +24.6 pts |
| Net margin | 99.4% | 74.8% | +24.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $17.0M | $460K | $16.5M | 37× |
| Operating profit | $16.9M | $344K | $16.5M | 49× |
| Costs & expenses | $109K | $116K | −$7K | -6% |
| Pre-tax earnings | $16.9M | $344K | $16.5M | 49× |
| Net earnings | $16.9M | $344K | $16.5M | 49× |
| Working capital & other | $9.5M | $133K | $9.3M | 71× |
| Operating cash flow | $7.4M | $211K | $7.2M | 35× |
Questions
How much did United States 12 Month Oil Fund, LP's revenue grow year over year in Q1 2026?
United States 12 Month Oil Fund, LP's revenue rose $16.5M (37×) from $460K in Q1 2025 to $17.0M in Q1 2026. Operating margin 99.4% against 74.8% (+24.6 pts).