Filing Flows › United States 12 Month Oil Fund, LP (USL) › Q3 2025
United States 12 Month Oil Fund, LP (USL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
United States 12 Month Oil Fund, LP (USL) reported revenue of $497K for the third quarter 2025 (Q3 2025). Operating margin was 75.2%, net earnings $374K (75.2% of revenue).
United States 12 Month Oil Fund, LP, Q3 2025: revenue $497K, operating margin 75.2%, net earnings $374K, operating cash flow −$438K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $497K | — | — |
| Operating profit | $374K | — | — |
| Net earnings | $374K | — | — |
| Operating cash flow | −$438K | -308% | — |
What changed
Revenue was $497K in Q3 2025.
Operating profit was $374K, a 75.2% margin. Net earnings were $374K. The effective tax rate was 0.0%.
Operating cash flow was −$438K. Working capital and other items used $812K.
Questions
What was United States 12 Month Oil Fund, LP's revenue in the third quarter 2025?
United States 12 Month Oil Fund, LP (USL) reported revenue of $497K for the third quarter 2025 (Q3 2025).
Was United States 12 Month Oil Fund, LP profitable in the third quarter 2025?
Operating profit was $374K (75.2% of revenue) and net earnings $374K.
Source: United States 12 Month Oil Fund, LP 10-Q on SEC EDGAR.