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United States 12 Month Oil Fund, LP vs United States 12 Month Natural Gas Fund, LP: USL and UNL compared
United States 12 Month Oil Fund, LP is the larger company: $10.7M of revenue in its latest quarter (Q3 2026) against $4.2M for United States 12 Month Natural Gas Fund, LP (Q1 2025). United States 12 Month Oil Fund, LP is more profitable, with an operating margin of 98.8% against 98.6%.
Where the money goes: USL and UNL
United States 12 Month Oil Fund, LP (USL) · Q3 2026
United States 12 Month Oil Fund, LP, Q3 2026: revenue $10.7M (21× year over year), operating margin 98.8%, net earnings $10.5M, operating cash flow $646K. The chart follows the revenue to costs, profit and cash.
United States 12 Month Natural Gas Fund, LP (UNL) · Q1 2025
United States 12 Month Natural Gas Fund, LP, Q1 2025: revenue $4.2M, operating margin 98.6%, net earnings $4.2M, operating cash flow $3.6M. The chart follows the revenue to costs, profit and cash.
| United States 12 Month Oil Fund, LP (USL) | United States 12 Month Natural Gas Fund, LP (UNL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2025 |
| Revenue | $10.7M | $4.2M |
| Revenue growth, Y/Y | 21× | — |
| Operating margin | 98.8% | 98.6% |
| Net earnings | $10.5M | $4.2M |
| Net margin | 98.8% | 98.6% |
| Operating cash flow | $646K | $3.6M |
Questions
Which is bigger, United States 12 Month Oil Fund, LP or United States 12 Month Natural Gas Fund, LP?
United States 12 Month Oil Fund, LP is the larger company: $10.7M of revenue in its latest quarter (Q3 2026) against $4.2M for United States 12 Month Natural Gas Fund, LP (Q1 2025).
Is United States 12 Month Oil Fund, LP or United States 12 Month Natural Gas Fund, LP growing faster?
United States 12 Month Oil Fund, LP is more profitable, with an operating margin of 98.8% against 98.6%.
More: United States 12 Month Oil Fund, LP earnings · how United States 12 Month Oil Fund, LP makes money · United States 12 Month Natural Gas Fund, LP earnings · how United States 12 Month Natural Gas Fund, LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed May 9, 2025). Fiscal quarters can end on different dates. Not investment advice.