Filing Flows › United States Oil Fund, LP (USO) › Q1 2025
United States Oil Fund, LP (USO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
United States Oil Fund, LP (USO) reported revenue of $42.4M for the first quarter 2025 (Q1 2025), -83% from a year earlier and -57% from the quarter before. Operating margin was 95.0%, net earnings $40.3M (95.0% of revenue).
United States Oil Fund, LP, Q1 2025: revenue $42.4M (-83% year over year), operating margin 95.0%, net earnings $40.3M, operating cash flow $25.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.4M | -57% | -83% |
| Operating profit | $40.3M | -58% | -83% |
| Net earnings | $40.3M | -58% | -83% |
| Operating cash flow | $25.1M | -53% | -85% |
What changed
Revenue was $42.4M in Q1 2025, down 83% year over year and down 57% from the previous quarter.
Operating profit was $40.3M, a 95.0% margin (down 3.8 points year over year). Total costs fell 27% while revenue fell 83%. Net earnings were $40.3M, down 83% year over year. The effective tax rate was 0.0%.
Operating cash flow was $25.1M (down 85% year over year), 62% of net earnings. Working capital and other items used $15.2M.
Questions
What was United States Oil Fund, LP's revenue in the first quarter 2025?
United States Oil Fund, LP (USO) reported revenue of $42.4M for the first quarter 2025 (Q1 2025), -83% from a year earlier and -57% from the quarter before.
Was United States Oil Fund, LP profitable in the first quarter 2025?
Operating profit was $40.3M (95.0% of revenue) and net earnings $40.3M.