United States Oil Fund (USO) Net Cash Flow (2012 - 2026)
United States Oil Fund (USO) recorded Net Cash Flow of -$121.7 million in Q2 2026, compared with $259.98 million a year earlier.
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Analysis
United States Oil Fund (USO) Net Cash Flow (2012 - 2026) Analysis & Trends
On a TTM basis, United States Oil Fund's Net Cash Flow came in at $915.19 million as of Jun 30, 2026, up 812.9% year-over-year; for FY2025, it was -$114.09 million.
- Across earlier years, Net Cash Flow came in at -$455.99 million in FY2024, -$490.2 million in FY2023, -$310.52 million in FY2022 and -$1.04 billion in FY2021.
- Quarterly Net Cash Flow has ranged from -$518.5 million in Q3 2022 to $1.41 billion in Q1 2026 over the past five years.
- Per Business Quant, the preceding three quarters came in at $1.41 billion (Q1 2026), -$7.89 million (Q4 2025) and -$361.82 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 650.00 Mn |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 64.65 Mn |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 1.70 Bn |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | - |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 410.00 Mn |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 4.67 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 2.44 Bn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 299.90 Mn |
| 10 | United States Oil Fund | 2.13 Bn | -2.53 Bn | - | -121.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -121.70 Mn |
| Mar 31, 2026 | 1.41 Bn |
| Dec 31, 2025 | -7.89 Mn |
| Sep 30, 2025 | -361.82 Mn |
| Jun 30, 2025 | 259.98 Mn |
| Mar 31, 2025 | -4.35 Mn |
| Dec 31, 2024 | -398.28 Mn |
| Sep 30, 2024 | 242.90 Mn |
| Jun 30, 2024 | -105.65 Mn |
| Mar 31, 2024 | -194.96 Mn |
| Dec 31, 2023 | 79.16 Mn |
| Sep 30, 2023 | -149.46 Mn |
| Jun 30, 2023 | -111.38 Mn |
| Mar 31, 2023 | -308.52 Mn |
| Dec 31, 2022 | -248.43 Mn |
| Sep 30, 2022 | -518.50 Mn |
| Jun 30, 2022 | -437.96 Mn |
| Mar 31, 2022 | 894.36 Mn |
| Dec 31, 2021 | -141.61 Mn |
| Sep 30, 2021 | -356.88 Mn |
API Access
United States Oil Fund Net 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=net-cash-flow&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-cash-flow&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();