NYSE$USO

United States Oil Fund · Q3 2025 earnings

Q3 2025 earnings ·

Briefing

United States Oil Fund reported Q3 2025, net income of $330M.

For Q3 2025, United States Oil Fund reported net income of $330M. Management discusses segment performance, capital allocation, and sector risks in the quarterly filing.

  • Net income $330M.
  • United States Oil Fund MD&A covers liquidity, credit, and operating priorities.
  • United States Oil Fund MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$25.6M

Previous: -$133M+119.3%
Free Cash Flow

$23.5M

Previous: -$135M+117.3%
Net Income

$23.5M

Previous: -$135M+117.3%
Operating Income

$23.5M

Previous: -$135M+117.3%
Gross Profit

$25.6M

Previous: -$133M+119.3%

Revenue & EPS history

United States Oil Fund · Revenue · Quarterly

$25.6M

Q3 2025-119.3%vs Q3 2024

Forward guidance

Commodity ETF results reflect underlying futures and roll yield rather than operating earnings.

Tailwinds

  • Exposure to commodity price moves.
  • Portfolio roll and contango/backwardation.
  • Liquidity and tracking of benchmark.

Headwinds

  • Commodity volatility.
  • Contango can erode long-term returns.
  • Not a traditional operating business.

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 Q3 2025

Historical avgQ3 2025

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.6%

Avg return

30 days after

60%

18 / 30 earnings

Positive

+4.9%

Q1 2020

Best reaction

-4.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.4%+3.1%-2.6%
Q3 2025+0.5%-1.5%+1.5%
Q2 2025-0.2%-1.3%-1.1%
Q1 2025+1.5%+4.8%+8.8%
Q3 2024-2.0%-5.3%-5.9%
Q2 2024+0.9%+3.9%-7.7%
Q1 2024+0.5%-1.2%-4.1%
Q3 2023-4.2%-4.2%-13.1%
Q2 2023+0.9%+2.7%+5.2%
Q1 2023+2.0%-1.5%+2.7%
Q3 2022-0.3%-3.2%-17.1%
Q2 2022+0.0%+3.9%-0.1%
Q1 2022+2.1%-2.9%+11.2%
Q3 2021+3.0%+2.5%-12.6%
Q2 2021-1.1%+0.4%+1.2%
Q1 2021+0.0%+1.8%+6.4%
Q3 2020-2.5%+6.9%+16.2%
Q2 2020-1.1%+1.3%-5.5%
Q1 2020+4.9%+0.6%+41.0%
Q3 2019+0.9%+0.7%+3.7%
Q2 2019+1.1%+9.5%+8.6%
Q1 2019-0.6%-0.2%-12.9%
Q3 2018-1.7%-10.5%-14.9%
Q2 2018-3.2%-2.4%-0.6%
Q1 2018+0.3%+0.2%-7.7%
Q3 2017+3.0%+2.1%+0.2%
Q2 2017-0.3%-1.4%-0.9%
Q1 2017+2.1%+4.2%+4.2%
Q3 2016+1.8%-2.1%+11.1%
Q2 2016+0.2%-0.7%+4.1%

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