📊 USL Key Takeaways
Is United States 12 Month Oil Fund, LP (USL) a Good Investment?
USL is experiencing severe operational deterioration with revenue declining 194% YoY and net losses expanding 214% YoY, coupled with negative operating cash flow of -$3.2M. As a commodity fund, the combination of persistent losses, cash burn, and declining performance suggests fundamental structural problems that make capital preservation impossible for investors.
Why Buy United States 12 Month Oil Fund, LP Stock? USL Key Strengths
- Minimal leverage with only $172.2K liabilities versus $36.8M assets
- Substantial cash reserves of $31.8M provide near-term operational runway
- Simple balance sheet with no long-term debt obligations
USL Stock Risks: United States 12 Month Oil Fund, LP Investment Risks
- Severe revenue contraction (-194% YoY) indicates fundamental fund performance deterioration
- Negative operating cash flow of -$3.2M signals the fund is consuming capital to fund operations
- For an oil commodity fund, persistent losses suggest the fee structure or strategy is destroying rather than preserving value
- Declining net income trajectory indicates worsening condition, not cyclical recovery
Key Metrics to Watch
- Operating cash flow trend and sustainability of cash runway
- Fund net asset value (NAV) per unit and redemption pressure
- Total fee ratios relative to remaining assets under management
United States 12 Month Oil Fund, LP (USL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 59.9% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
USL Profit Margin, ROE & Profitability Analysis
USL vs Market Sector: How United States 12 Month Oil Fund, LP Compares
How United States 12 Month Oil Fund, LP compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is United States 12 Month Oil Fund, LP Stock Overvalued? USL Valuation Analysis 2026
Based on fundamental analysis, United States 12 Month Oil Fund, LP has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
United States 12 Month Oil Fund, LP Balance Sheet: USL Debt, Cash & Liquidity
USL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: United States 12 Month Oil Fund, LP's revenue has declined by 92% over the 5-year period, indicating business contraction.
USL Revenue Growth, EPS Growth & YoY Performance
USL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | -$6.9M | $373.7K | N/A |
| Q2 2025 | -$3.9M | $881.0K | N/A |
| Q1 2025 | $460.1K | $344.1K | N/A |
| Q3 2024 | -$6.9M | $2.1M | N/A |
| Q2 2024 | -$5.4M | $881.0K | N/A |
| Q1 2024 | -$3.5M | -$3.7M | N/A |
| Q3 2023 | -$21.5M | $9.8M | N/A |
| Q2 2023 | -$5.4M | -$2.0M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
United States 12 Month Oil Fund, LP Dividends, Buybacks & Capital Allocation
USL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for United States 12 Month Oil Fund, LP (CIK: 0001405528)
📋 Recent SEC Filings
❓ Frequently Asked Questions about USL
What is the AI rating for USL?
United States 12 Month Oil Fund, LP (USL) has an AI rating of STRONG SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are USL's key strengths?
Claude: Minimal leverage with only $172.2K liabilities versus $36.8M assets. Substantial cash reserves of $31.8M provide near-term operational runway.
What are the risks of investing in USL?
Claude: Severe revenue contraction (-194% YoY) indicates fundamental fund performance deterioration. Negative operating cash flow of -$3.2M signals the fund is consuming capital to fund operations.
What is USL's revenue and growth?
United States 12 Month Oil Fund, LP reported revenue of $-5.3M.
Does USL pay dividends?
United States 12 Month Oil Fund, LP does not currently pay dividends.
Where can I find USL SEC filings?
Official SEC filings for United States 12 Month Oil Fund, LP (CIK: 0001405528) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is USL's EPS?
United States 12 Month Oil Fund, LP has a diluted EPS of $0.00.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is USL a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, United States 12 Month Oil Fund, LP has a STRONG SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is USL stock overvalued or undervalued?
Valuation metrics for USL: ROE of N/A (sector avg: 15%), net margin of 108.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy USL stock in 2026?
Our dual AI analysis gives United States 12 Month Oil Fund, LP a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is USL's free cash flow?
United States 12 Month Oil Fund, LP's operating cash flow is $-3.2M, with capital expenditures of N/A. FCF margin is 59.9%.
How does USL compare to other Market stocks?
Vs Default sector averages: Net margin 108.1% (avg: 12%), ROE N/A (avg: 15%), current ratio N/A (avg: 1.8).