United States 12 Month Oil Fund (USL) Change in Cash (2012 - 2026)
United States 12 Month Oil Fund's (USL) quarterly Change in Cash came in at -$11.6 million in Q2 2026, down 230.91% on a YoY basis from $8.8 million in Q2 2025, and down 184.95% quarter-over-quarter from $13.6 million in Q1 2026.
Analysis
United States 12 Month Oil Fund (USL) Change in Cash (2012 - 2026) Analysis & Trends
United States 12 Month Oil Fund (USL) has reported Change in Cash for 15 consecutive years, with -$11.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Cash fell 230.91% year-over-year to -$11.6 million; the trailing twelve-month figure through Jun 2026 stood at -$2.9 million (up 82.74% YoY), and the FY2025 full-year result was -$10.2 million, up 46.34% from the prior year.
- Change in Cash slipped to -$11.6 million in Q2 2026 per USL's latest filing, from $13.6 million in the prior quarter.
- Across five years, Change in Cash topped out at $13.6 million in Q1 2026 and bottomed at -$16.9 million in Q4 2022.
- Historically, Change in Cash has averaged -$4.9 million across 5 years, with a median of -$3.5 million in 2024.
- The sharpest annual moves came in 2024 and 2026: Change in Cash slumped 1297.88% in 2024, then soared 865.12% in 2026.
- Over 5 years, Change in Cash stood at -$16.9 million in 2022, then soared by 103.84% to $647521.0 in 2023, then plunged by 1297.88% to -$7.8 million in 2024, then jumped by 65.12% to -$2.7 million in 2025, then plunged by 327.97% to -$11.6 million in 2026.
- According to Business Quant data, Change in Cash over the past three periods registered -$11.6 million, $13.6 million, and -$2.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 651.00 Mn |
| 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 | 1.21 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 191.90 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | -91.90 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 37.10 Mn |
| 10 | United States 12 Month Oil Fund | 58.33 Mn | 23.57 Mn | - | -11.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.58 Mn |
| Mar 31, 2026 | 13.63 Mn |
| Dec 31, 2025 | -2.71 Mn |
| Sep 30, 2025 | -2.21 Mn |
| Jun 30, 2025 | -3.50 Mn |
| Mar 31, 2025 | -1.78 Mn |
| Dec 31, 2024 | -7.76 Mn |
| Sep 30, 2024 | -3.59 Mn |
| Jun 30, 2024 | 2.50 Mn |
| Mar 31, 2024 | -10.16 Mn |
| Dec 31, 2023 | 647,521.00 |
| Sep 30, 2023 | -9.77 Mn |
| Jun 30, 2023 | -10.03 Mn |
| Mar 31, 2023 | -1.99 Mn |
| Dec 31, 2022 | -16.87 Mn |
| Sep 30, 2022 | -13.33 Mn |
| Jun 30, 2022 | -15.01 Mn |
| Mar 31, 2022 | 5.72 Mn |
| Dec 31, 2021 | -7.77 Mn |
| Sep 30, 2021 | -36.91 Mn |