# United States 12 Month Oil Fund, LP: overview USL · NYSE · CIK 1405528 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/usl.md) · [Financials](/companies/usl/financials.md) · [Filings](/companies/usl/filings.md) · [Insiders](/companies/usl/insiders.md) Latest reported revenue: [−$1.7m](/filings/0001104659-26-092628.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0001104659-26-092628). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [(6.9)](/filings/0001104659-26-021509.md) | [3.1](/filings/0001104659-26-021509.md) | [0.5](/filings/0001104659-26-057771.md) | [(3.9)](/filings/0001104659-26-092628.md) | [0.5](/filings/0001104659-26-021509.md) | [(2.4)](/filings/0001104659-26-021509.md) | [17.0](/filings/0001104659-26-057771.md) | [(1.7)](/filings/0001104659-26-092628.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Net margin | % | [102.6%](/filings/0001104659-26-021509.md) | [95.2%](/filings/0001104659-26-021509.md) | [74.8%](/filings/0001104659-26-057771.md) | [102.5%](/filings/0001104659-26-092628.md) | [75.2%](/filings/0001104659-26-021509.md) | [103.9%](/filings/0001104659-26-021509.md) | [99.4%](/filings/0001104659-26-057771.md) | [107.7%](/filings/0001104659-26-092628.md) | | Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:Revenues. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. - Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. - Diluted EPS. XBRL not reported. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [94.9](/filings/0001410578-24-000106.md) | [39.4](/filings/0001410578-25-000243.md) | [0.6](/filings/0001104659-26-021509.md) | [5.7](/filings/0001104659-26-021509.md) | [(5.3)](/filings/0001104659-26-021509.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | not reported | not reported | not reported | not reported | not reported | | Net margin | % | [98.3%](/filings/0001410578-24-000106.md) | [97.3%](/filings/0001410578-25-000243.md) | [(10.3%)](/filings/0001104659-26-021509.md) | [89.1%](/filings/0001104659-26-021509.md) | [108.1%](/filings/0001104659-26-021509.md) | | Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | | Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:Revenues. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. - Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. - Diluted EPS. XBRL not reported. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/usl/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $1.2m | 26,600 | Call | Added +10,000 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.2m | 25,931 | | Reduced −1,803 | | [Greenfield Seitz Capital Management, LLC](/funds/2097528.md) | 2026-06-30 | $796.2k | 17,550 | | New +17,550 | | [LPL Financial LLC](/funds/1403438.md) | 2026-06-30 | $511.4k | 11,272 | | Reduced −45,248 | | [Cetera Investment Advisers](/funds/1666741.md) | 2026-06-30 | $507.6k | 11,188 | | Added +2,854 | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $467.8k | 10,311 | | Reduced −17,616 | | [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $426.5k | 9,400 | Call | Added +500 | | [SIMPLEX TRADING, LLC](/funds/1488542.md) | 2026-06-30 | $262.2k | 5,780 | | Added +819 | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $249.5k | 5,500 | Put | Reduced −10,400 | | [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $247.6k | 5,458 | | Unchanged | ## Recent filings [All 470 filings](/companies/usl/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-09-29 | 12:35 ET | [8-K](/filings/0001104659-26-111779.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-111779 | | 2026-09-25 | 17:28 ET | [8-K](/filings/0002071876-26-000222.md) | 1.01 Entry into a material agreement | 0002071876-26-000222 | | 2026-08-28 | 08:26 ET | [8-K](/filings/0001104659-26-102788.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-102788 | | 2026-08-07 | 14:54 ET | [10-Q](/filings/0001104659-26-092628.md) | Quarterly report, period 2026-06-30 | 0001104659-26-092628 | | 2026-07-29 | 08:33 ET | [8-K](/filings/0001104659-26-087858.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-087858 | | 2026-06-29 | 08:18 ET | [8-K](/filings/0001104659-26-078519.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-078519 | | 2026-05-28 | 08:27 ET | [8-K](/filings/0001104659-26-067260.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-067260 | | 2026-05-08 | 13:54 ET | [10-Q](/filings/0001104659-26-057771.md) | Quarterly report, period 2026-03-31 | 0001104659-26-057771 | | 2026-04-29 | 08:28 ET | [8-K](/filings/0001104659-26-050933.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-050933 | | 2026-03-27 | 09:53 ET | [8-K](/filings/0002071876-26-000070.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0002071876-26-000070 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-021509.md), filed Feb 27, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/14613b0a-d0af-4562-b645-ef169e5842b6) ## About the filer - CIK: 1405528 - Tickers: USL - Exchange: NYSE - SIC code: 6221 Commodity Contracts Brokers & Dealers - State of incorporation: not reported - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 11:21 ET. No prices; not investment advice.