United States 12 Month Oil Fund USL
NYSE USL
$54.61 +1.13 (+2.11%)
As of: Sep 8, 2026 · 3:44 PM EDT

United States 12 Month Oil Fund (USL) Common Equity (2010 - 2026)

United States 12 Month Oil Fund's (USL) quarterly Common Equity came in at $40.6 million in Q2 2026, down 3.92% on a YoY basis from $42.2 million in Q2 2025, and down 32.08% quarter-over-quarter from $59.7 million in Q1 2026.

Analysis

United States 12 Month Oil Fund (USL) Common Equity (2010 - 2026) Analysis & Trends

United States 12 Month Oil Fund (USL) has reported Common Equity for 17 consecutive years, with $40.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Common Equity fell 3.92% year-over-year to $40.6 million; the trailing twelve-month figure through Jun 2026 stood at $40.6 million (down 3.92% YoY), and the FY2025 full-year result was $36.6 million, down 25.85% from the prior year.
  • Common Equity retreated to $40.6 million in Q2 2026 per USL's latest filing, from $59.7 million in the prior quarter.
  • Across five years, Common Equity topped out at $142.4 million in Q1 2022 and bottomed at $36.6 million in Q4 2025.
  • Historically, Common Equity has averaged $69.9 million across 5 years, with a median of $64.4 million in 2024.
  • The sharpest annual moves came in 2023 and 2026: Common Equity plunged 45.99% in 2023, then increased 25.06% in 2026.
  • Over 5 years, Common Equity stood at $83.3 million in 2022, then fell by 19.65% to $66.9 million in 2023, then declined by 26.17% to $49.4 million in 2024, then declined by 25.85% to $36.6 million in 2025, then advanced by 10.72% to $40.6 million in 2026.
  • According to Business Quant data, Common Equity over the past three periods registered $40.6 million, $59.7 million, and $36.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn - 57.84 Bn
2 Spdr Gold Trust 144.81 Bn -413.20 Bn - 130.05 Bn
3 Ishares Gold Trust 30.30 Bn -29.81 Bn - 60.09 Bn
4 World Gold Trust 29.28 Bn -73.79 Bn - 27.26 Bn
5 Principal Financial 24.84 Bn -28.13 Bn 1.91 Bn 12.18 Bn
6 iShares Silver Trust 22.15 Bn -6.05 Bn - 28.19 Bn
7 Franklin Resources 17.84 Bn 14.12 Bn - 12.92 Bn
8 Invesco 14.63 Bn 13.72 Bn 1.79 Bn 13.11 Bn
9 Affiliated Managers 9.51 Bn 9.10 Bn - 8.31 Bn
10 United States 12 Month Oil Fund 58.33 Mn 23.57 Mn - 40.57 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 40.57 Mn
Mar 31, 2026 59.74 Mn
Dec 31, 2025 36.64 Mn
Sep 30, 2025 40.83 Mn
Jun 30, 2025 42.23 Mn
Mar 31, 2025 47.77 Mn
Dec 31, 2024 49.42 Mn
Sep 30, 2024 53.87 Mn
Jun 30, 2024 64.87 Mn
Mar 31, 2024 63.99 Mn
Dec 31, 2023 66.94 Mn
Sep 30, 2023 76.11 Mn
Jun 30, 2023 73.56 Mn
Mar 31, 2023 82.74 Mn
Dec 31, 2022 83.31 Mn
Sep 30, 2022 97.35 Mn
Jun 30, 2022 136.21 Mn
Mar 31, 2022 142.43 Mn
Dec 31, 2021 137.66 Mn
Sep 30, 2021 147.71 Mn