United States 12 Month Oil Fund (USL) Cash from Operations (2012 - 2026)
United States 12 Month Oil Fund's (USL) quarterly Cash from Operations came in at $5.7 million in Q2 2026, up 394.3% on a YoY basis from $1.2 million in Q2 2025, and down 22.74% quarter-over-quarter from $7.4 million in Q1 2026.
Analysis
United States 12 Month Oil Fund (USL) Cash from Operations (2012 - 2026) Analysis & Trends
United States 12 Month Oil Fund (USL) has reported Cash from Operations for 15 consecutive years, with $5.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cash from Operations rose 394.3% year-over-year to $5.7 million; the trailing twelve-month figure through Jun 2026 stood at $11.7 million (up 779.3% YoY), and the FY2025 full-year result was -$3.2 million, down 189.42% from the prior year.
- Cash from Operations retreated to $5.7 million in Q2 2026 per USL's latest filing, from $7.4 million in the prior quarter.
- Across five years, Cash from Operations topped out at $43.3 million in Q1 2022 and bottomed at -$2.9 million in Q2 2023.
- Historically, Cash from Operations has averaged $3.4 million across 5 years, with a median of $349789.5 in 2022.
- The sharpest annual moves came in 2024 and 2026: Cash from Operations plunged 1139.07% in 2024, then jumped 3407.66% in 2026.
- Over 5 years, Cash from Operations stood at $2.2 million in 2022, then slumped by 101.29% to -$29043.0 in 2023, then slumped by 1139.07% to -$359863.0 in 2024, then plunged by 184.18% to -$1.0 million in 2025, then surged by 659.11% to $5.7 million in 2026.
- According to Business Quant data, Cash from Operations over the past three periods registered $5.7 million, $7.4 million, and -$1.0 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 12 Month Oil Fund | 58.33 Mn | 23.57 Mn | - | 5.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.72 Mn |
| Mar 31, 2026 | 7.40 Mn |
| Dec 31, 2025 | -1.02 Mn |
| Sep 30, 2025 | -437,976.00 |
| Jun 30, 2025 | -1.94 Mn |
| Mar 31, 2025 | 210,989.00 |
| Dec 31, 2024 | -359,863.00 |
| Sep 30, 2024 | 375,565.00 |
| Jun 30, 2024 | 2.50 Mn |
| Mar 31, 2024 | 1.06 Mn |
| Dec 31, 2023 | -29,043.00 |
| Sep 30, 2023 | 3.18 Mn |
| Jun 30, 2023 | -2.87 Mn |
| Mar 31, 2023 | -1.57 Mn |
| Dec 31, 2022 | 2.25 Mn |
| Sep 30, 2022 | 3.84 Mn |
| Jun 30, 2022 | 324,014.00 |
| Mar 31, 2022 | 43.27 Mn |
| Dec 31, 2021 | 6.49 Mn |
| Sep 30, 2021 | 10.70 Mn |