United States Oil Fund (USO) Free Cash Flow (2012 - 2026)
United States Oil Fund (USO) posted Free Cash Flow of $277.16 million for Q2 2026, up 811.3% from $30.41 million a year earlier but down 56.1% from the prior quarter.
United States Oil Fund (USO) Free Cash Flow (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at United States Oil Fund was $831.58 million; for FY2025, it was -$21.87 million.
- In prior years, United States Oil Fund's Free Cash Flow was $175.74 million in FY2024, -$12.79 million in FY2023, $871.86 million in FY2022 (-53.3%) and $1.87 billion in FY2021.
- Quarterly Free Cash Flow has run from a low of -$232.1 million in Q4 2023 to a high of $804.58 million in Q1 2022 over five years.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $631.81 million (Q1 2026), -$50.04 million (Q4 2025) and -$27.35 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 1.12 Bn |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 1.91 Bn |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 3.20 Bn |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 535.00 Mn |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 2.88 Bn |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 649.52 Mn |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 482.60 Mn |
| 10 | United States Oil Fund | 2.16 Bn | -2.50 Bn | - | 277.16 Mn |
Historic Data
| Date | Value |
|---|---|
| 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 |
United States Oil Fund Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=USO&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "USO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();