NYSE$USL

United States 12 Month Oil Fund LP · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

United States 12 Month Oil Fund reported Q1 2025 net income of $344.1M, diluted EPS of $0.27.

For Q1 2025, United States 12 Month Oil Fund reported net income was $344.1M, diluted EPS was $0.27. Management discusses operating trends, liquidity, and outlook in the quarterly filing.

  • Net income $344.1M.
  • Diluted EPS $0.27.
  • MD&A highlights operating priorities, capital, and sector risks.

Headline financials

Total Revenue

$460K

Previous: $8.42M-94.5%
EPS (adj)

$0.27

No prior period
Free Cash Flow

$344K

Previous: $8.27M-95.8%
Net Income

$344K

Previous: $8.27M-95.8%
Operating Income

$200K

Previous: $8.28M-97.6%
Gross Profit

$460K

Previous: $8.42M-94.5%

Revenue & EPS history

United States 12 Month Oil Fund LP · Revenue · Quarterly

$460K

Q1 2025-94.5%vs Q1 2024

Forward guidance

Commodity fund results reflect oil or gasoline price moves rather than operating guidance.

Tailwinds

  • Energy price exposure for tactical investors.
  • Fund structure tracks benchmark commodities.

Headwinds

  • Contango and roll costs can erode returns.
  • No traditional corporate EPS guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.4%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.4%

Avg return

30 days after

57%

16 / 28 earnings

Positive

+5.4%

Q1 2020

Best reaction

-3.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%+5.0%+1.7%
Q3 2025+0.4%-1.1%+0.1%
Q2 2025-0.2%-0.9%-0.6%
Q1 2025+0.8%+3.7%+4.5%
Q3 2024-1.6%-4.6%-5.0%
Q2 2024+0.8%+2.9%-6.9%
Q1 2024+0.4%-0.9%-3.2%
Q3 2023-3.8%-3.7%-10.5%
Q2 2023+0.9%+2.5%+4.6%
Q1 2023+2.1%-1.4%+2.9%
Q3 2022-0.1%-2.7%-14.5%
Q2 2022+0.0%+4.2%-0.2%
Q1 2022+1.7%-2.4%+10.1%
Q3 2021+2.8%+2.2%-11.3%
Q2 2021-0.9%+0.6%+1.7%
Q1 2021+0.2%+2.0%+6.1%
Q3 2020-2.4%+6.1%+13.8%
Q2 2020-1.0%+0.9%-4.8%
Q1 2020+5.4%+0.7%+34.8%
Q1 2019-0.6%+0.2%-11.6%
Q3 2018-1.4%-10.1%-14.3%
Q2 2018-3.1%-2.3%+0.0%
Q1 2018+0.7%+0.8%-5.5%
Q3 2017+2.9%+2.9%+0.7%
Q2 2017-0.2%-1.3%+0.7%
Q1 2017+2.3%+4.1%+3.4%
Q3 2016+1.8%-0.8%+12.0%
Q2 2016+0.5%-0.2%+3.2%
Q1 2016

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