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) Free Cash Flow (2012 - 2026)

United States 12 Month Oil Fund's (USL) quarterly Free Cash Flow 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) Free Cash Flow (2012 - 2026) Analysis & Trends

United States 12 Month Oil Fund (USL) has reported Free Cash Flow for 15 consecutive years, with $5.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow 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.
  • Free Cash Flow retreated to $5.7 million in Q2 2026 per USL's latest filing, from $7.4 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $43.3 million in Q1 2022 and bottomed at -$2.9 million in Q2 2023.
  • Historically, Free Cash Flow 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: Free Cash Flow plunged 1139.07% in 2024, then jumped 3407.66% in 2026.
  • Over 5 years, Free Cash Flow 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, Free Cash Flow 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) Free Cash Flow (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn - 1.12 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 2.01 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 703.70 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

Historic Data

Download Data
DateValue
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