United States Oil Fund USO
NYSE USO
$145.99 +4.03 (+2.84%)
As of: Sep 8, 2026 · 3:59 PM EDT

United States Oil Fund (USO) Free Cash Flow (2012 - 2026)

United States Oil Fund's (USO) quarterly Free Cash Flow came in at $277.2 million in Q2 2026, up 811.35% year-over-year from $30.4 million in Q2 2025, and down 56.13% quarter-over-quarter from $631.8 million in Q1 2026.

Analysis

United States Oil Fund (USO) Free Cash Flow (2012 - 2026) Analysis & Trends

United States Oil Fund (USO) has reported Free Cash Flow for 15 consecutive years, with $277.2 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 811.35% year-over-year to $277.2 million in Q2 2026; TTM through Jun 2026 was $831.6 million, a 2074.09% increase from a year earlier, with the FY2025 full-year figure at -$21.9 million, down 112.44% from the prior year.
  • Free Cash Flow was $277.2 million for Q2 2026 at United States Oil Fund, down from $631.8 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $804.6 million in Q1 2022 and troughed at -$232.1 million in Q4 2023.
  • A 5-year average of $106.8 million and a median of $24.3 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow tumbled 192.8% in 2025 and surged 2416.32% in 2026, its largest moves.
  • Over 5 years, Free Cash Flow stood at -$118.6 million in 2022, then plunged by 95.75% to -$232.1 million in 2023, then soared by 123.24% to $53.9 million in 2024, then plunged by 192.8% to -$50.0 million in 2025, then soared by 653.83% to $277.2 million in 2026.
  • The last three Free Cash Flow figures came in at $277.2 million (Q2 2026), $631.8 million (Q1 2026), and -$50.0 million (Q4 2025), per Business Quant data.
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 Oil Fund 2.15 Bn 800.11 Mn - 277.16 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 277.16 Mn
Mar 31, 2026 631.81 Mn
Dec 31, 2025 -50.04 Mn
Sep 30, 2025 -27.35 Mn
Jun 30, 2025 30.41 Mn
Mar 31, 2025 25.11 Mn
Dec 31, 2024 53.93 Mn
Sep 30, 2024 -71.20 Mn
Jun 30, 2024 23.40 Mn
Mar 31, 2024 169.61 Mn
Dec 31, 2023 -232.10 Mn
Sep 30, 2023 282.92 Mn
Jun 30, 2023 -32.24 Mn
Mar 31, 2023 -31.37 Mn
Dec 31, 2022 -118.57 Mn
Sep 30, 2022 -168.47 Mn
Jun 30, 2022 354.33 Mn
Mar 31, 2022 804.58 Mn
Dec 31, 2021 214.87 Mn
Sep 30, 2021 212.43 Mn