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ProShares Trust II vs United States 12 Month Oil Fund, LP: AGQ and USL compared
ProShares Trust II is the larger company: $41.2M of revenue in its latest quarter (Q3 2026) against $17.0M for United States 12 Month Oil Fund, LP (Q1 2026). United States 12 Month Oil Fund, LP is growing faster (37× against +18% a year earlier).
Where the money goes: AGQ and USL
ProShares Trust II (AGQ) · Q3 2026
ProShares Trust II, Q3 2026: revenue $41.2M (+18% year over year), net loss $419M, operating cash flow −$804M. The chart follows the revenue to costs, profit and cash.
United States 12 Month Oil Fund, LP (USL) · Q1 2026
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 follows the revenue to costs, profit and cash.
| ProShares Trust II (AGQ) | United States 12 Month Oil Fund, LP (USL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2026 |
| Revenue | $41.2M | $17.0M |
| Revenue growth, Y/Y | +18% | 37× |
| Operating margin | n/m | 99.4% |
| Net earnings | −$419M | $16.9M |
| Net margin | — | 99.4% |
| Operating cash flow | −$804M | $7.4M |
Questions
Which is bigger, ProShares Trust II or United States 12 Month Oil Fund, LP?
ProShares Trust II is the larger company: $41.2M of revenue in its latest quarter (Q3 2026) against $17.0M for United States 12 Month Oil Fund, LP (Q1 2026).
Is ProShares Trust II or United States 12 Month Oil Fund, LP growing faster?
United States 12 Month Oil Fund, LP is growing faster (37× against +18% a year earlier).
More: ProShares Trust II earnings · how ProShares Trust II makes money · United States 12 Month Oil Fund, LP earnings · how United States 12 Month Oil Fund, LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed May 8, 2026). Fiscal quarters can end on different dates. Not investment advice.