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) Net Cash Flow (2012 - 2026)

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

United States 12 Month Oil Fund (USL) has reported Net Cash Flow for 15 consecutive years, with -$11.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Net Cash Flow 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.
  • Net Cash Flow slipped to -$11.6 million in Q2 2026 per USL's latest filing, from $13.6 million in the prior quarter.
  • Across five years, Net Cash Flow topped out at $13.6 million in Q1 2026 and bottomed at -$16.9 million in Q4 2022.
  • Historically, Net Cash Flow 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: Net Cash Flow slumped 1297.88% in 2024, then soared 865.12% in 2026.
  • Over 5 years, Net Cash Flow 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, Net Cash Flow 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) Net Cash Flow (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn - 650.00 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 - 195.10 Mn
8 Invesco 14.63 Bn 13.72 Bn 1.79 Bn -91.90 Mn
9 Affiliated Managers 9.51 Bn 9.10 Bn - 37.00 Mn
10 United States 12 Month Oil Fund 58.33 Mn 23.57 Mn - -11.58 Mn
Historic Data

Historic Data

Download Data
DateValue
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