United States Brent Oil Fund (BNO) Cash from Operations (2012 - 2026)
United States Brent Oil Fund's (BNO) quarterly Cash from Operations came in at -$163.2 million in Q2 2026, down 1787.67% on a YoY basis from $9.7 million in Q2 2025, and down 198.67% quarter-over-quarter from $165.4 million in Q1 2026.
Analysis
United States Brent Oil Fund (BNO) Cash from Operations (2012 - 2026) Analysis & Trends
United States Brent Oil Fund (BNO) has reported Cash from Operations for 15 consecutive years, with -$163.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cash from Operations fell 1787.67% year-over-year to -$163.2 million; the trailing twelve-month figure through Jun 2026 stood at -$13.3 million (down 1382.65% YoY), and the FY2025 full-year result was -$3.7 million, down 153.06% from the prior year.
- Cash from Operations slipped to -$163.2 million in Q2 2026 per BNO's latest filing, from $165.4 million in the prior quarter.
- Across five years, Cash from Operations topped out at $165.4 million in Q1 2026 and bottomed at -$163.2 million in Q2 2026.
- Historically, Cash from Operations has averaged $5.6 million across 5 years, with a median of $1.6 million in 2024.
- The widest YoY moves for Cash from Operations: up 7666.9% in 2026, down 1787.67% in 2026.
- Over 5 years, Cash from Operations stood at -$22.5 million in 2022, then dropped by 1.78% to -$22.9 million in 2023, then surged by 126.74% to $6.1 million in 2024, then plunged by 253.8% to -$9.4 million in 2025, then sank by 1629.15% to -$163.2 million in 2026.
- According to Business Quant data, Cash from Operations over the past three periods registered -$163.2 million, $165.4 million, and -$9.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 1.23 Bn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 2.08 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 581.20 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 734.20 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 239.00 Mn |
| 10 | United States Brent Oil Fund | 920.37 Mn | 525.94 Mn | - | -163.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -163.16 Mn |
| Mar 31, 2026 | 165.37 Mn |
| Dec 31, 2025 | -9.44 Mn |
| Sep 30, 2025 | -6.09 Mn |
| Jun 30, 2025 | 9.67 Mn |
| Mar 31, 2025 | 2.13 Mn |
| Dec 31, 2024 | 6.14 Mn |
| Sep 30, 2024 | -16.89 Mn |
| Jun 30, 2024 | 997,679.00 |
| Mar 31, 2024 | 16.79 Mn |
| Dec 31, 2023 | -22.94 Mn |
| Sep 30, 2023 | 38.61 Mn |
| Jun 30, 2023 | 11.81 Mn |
| Mar 31, 2023 | -15.36 Mn |
| Dec 31, 2022 | -22.54 Mn |
| Sep 30, 2022 | -34.38 Mn |
| Jun 30, 2022 | 25.31 Mn |
| Mar 31, 2022 | 115.26 Mn |
| Dec 31, 2021 | -2.27 Mn |
| Sep 30, 2021 | 9.56 Mn |