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United States 12 month Oil Fund Lp (USL) |
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Price: $36.2409
$-0.33 
-0.900%
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| Day's High:
| $37.1492
| Week Perf:
| -1.05 %
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| Day's Low: |
$ 36.24 |
30 Day Perf: |
-5.18 % |
| Volume (M): |
9 |
52 Wk High: |
$ 41.08 |
| Volume (M$): |
$ 337 |
52 Wk Avg: |
$35.35 |
| Open: |
$36.85 |
52 Wk Low: |
$29.70 |
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| Market Capitalization (Millions $) |
76 |
| Shares
Outstanding (Millions) |
2 |
| Employees |
1 |
| Revenues (TTM) (Millions $) |
19 |
| Net Income (TTM) (Millions $) |
18 |
| Cash Flow (TTM) (Millions $) |
-39 |
| Capital Exp. (TTM) (Millions $) |
0 |
United States 12 Month Oil Fund Lp
The United States 12 Month Oil Fund, LP (“USL”) is a Delaware limited
partnership organized on June 27, 2007. USL maintains its main business office
at 1999 Harrison Street, Suite 1530, Oakland, California 94612. USL is a commodity
pool that issues limited partnership interests (“shares”) traded on
the NYSE Arca, Inc. (the “NYSE Arca”). It operates pursuant to the
terms of the Second Amended and Restated Agreement of Limited Partnership dated
as of March 1, 2013 (as amended from time to time, the “LP Agreement”),
which grants full management control to its general partner, United States Commodity
Funds LLC (“USCF”).
The investment objective of USL is for the daily changes in percentage terms of
its shares’ per share net asset value (“NAV”) to reflect the
daily changes in percentage terms of the spot price of light, sweet crude oil
delivered to Cushing, Oklahoma, as measured by the daily changes in the average
of the prices of 12 futures contracts for light, sweet crude oil traded on the
New York Mercantile Exchange (the “NYMEX”), consisting of the near
month contract to expire and the contracts for the following 11 months, for a
total of 12 consecutive months’ contracts, except when the near month contract
is within two weeks of expiration, in which case it will be measured by the futures
contract that is the next month contract to expire and the contracts for the following
11 consecutive months (the “Benchmark Oil Futures Contracts”), less
USL’s expenses. When calculating the daily movement of the average price
of the 12 contracts, each contract month will be equally weighted. It is not the
intent of USL to be operated in a fashion such that the per share NAV will equal,
in dollar terms, the spot price of light, sweet crude oil or any particular futures
contract based on light, sweet crude oil. It is not the intent of USL to be operated
in a fashion such that its per share NAV will reflect the percentage change of
the price of any particular futures contract as measured over a time period greater
than one day. USCF believes that it is not practical to manage the portfolio to
achieve such an investment goal when investing in Oil Futures Contracts (as defined
below) and Other Oil-Related Investments (as defined below). USL’s shares
began trading on December 6, 2007. USCF is the general partner of USL and is responsible
for the management of USL.
Company Address: 1850 Mt. Diablo Boulevard, Suite 640 Walnut Creek 94596 CA
Company Phone Number: 522-9600 Stock Exchange / Ticker: NYSE USL
| USL is expected to report next financial results on February 26, 2024. |
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Customers Net Income grew by |
USL's Customers Net Profit Margin grew to |
26.35 % |
20.96 %
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| Stock Performances by Major Competitors |
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Dynamic Shares Trust
In the third quarter of the 2023 earnings season, WEIX reported zero gain of $0.00 per share, compared to the same period last year and the previous financial reporting period. Although the net earnings increased by 42.49% from the corresponding financial reporting period a year ago, the company witnessed a sharp decline in revenue by -67.301% to $0.05 million, compared to $0.16 million in the same period last year. Operating margin and net margin experienced mixed results, with operating margin falling to 58.45%, while net margin improved to 285.87%.
Financial Performance:
WEIX's earnings per share (EPS) for Q3 2023 remained flat at $0.00 per share, similar to the previous financial reporting period and a year ago. This stagnant growth may indicate challenges faced by the company to generate profits during this period.
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Graniteshares Platinum Trust
The stock market has always been a fascinating and ever-changing landscape. Every day, investors eagerly monitor the ups and downs, searching for signs of potential growth and prosperity. In recent news, Graniteshares Platinum Trust has shown impressive progress, bringing delight to stockholders and industry enthusiasts alike.
In an impressive turnaround during the fiscal first quarter of 2024, Graniteshares Platinum Trust has showcased immense growth. With an outstanding EPS of $0.31 per share, the company has demonstrated a remarkable improvement from the results of $-0.45 per share during the same reporting period last year. This successful transformation is further emphasized by the comparison to the results of the previous reporting period, where the company realized $-0.52 per share.
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Spdr Gold Trust
The recent financial results of the Exchange Traded Funds (ETF) company and Spdr Gold Trust have provided interesting insights into the performance of the industry. While both companies had mixed outcomes, it is crucial to interpret the data to understand the potential implications for their future prospects.
1. Revenue Growth:
In the fiscal interval of July to September 2023, the Exchange Traded Funds (ETF) company reported revenue of $54.875 million. This figure signifies an increase in revenue, suggesting potential growth and market demand within the ETF industry. This positive trend reflects investor interest in these investment vehicles and may have a significant impact on the company's future outlook.
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World Gold Trust
Over the past five days, the stock of World Gold Trust has experienced a 2.09% drop in value. This decline contributes to the stock's year-to-date performance, which currently stands at 5.21%. Additionally, the stock is now 6% lower than its highest point over the past 52 weeks.
During the fiscal period that ended on September 30, 2023, GLDM, the parent company of World Gold Trust, announced revenue of $2.642 million. This represents a significant increase from the previous fiscal year's revenue deficit of $415.594 million. However, despite the positive improvement in revenue, World Gold Trust reported a net shortfall of $-127.092 million in the same fiscal period. While this figure still indicates a deficit, it is a significant improvement compared to the previous year.
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Futures Portfolio Fund L P
In its September 30, 2023 financial report, Futures Portfolio Fund L P (FPF) witnessed a significant drop in net profit per share by -33.61%, with it standing at $118.22 per share. This decline contrasts sharply with the figure of $178.08 per share reported in the previous year's financial reporting period. Additionally, the net profit per share in the preceding financial period declined even further by -42.59% from $205.94 per share, which amounted to $5.20 million. Moreover, the bottom-line of the third quarter of the 2023 earnings season recorded a fall of -40.48% from $6.531 million in the same period last year, now sitting at $3.887 million.
Financial Results:
The decline in net profit per share raises concerns for investors and analysts, as it signifies a decline in the company's profitability. This downward trend in profitability does not bode well for the future of Futures Portfolio Fund L P if the trend continues. Shareholders will be particularly interested in evaluating the reasons behind this substantial decline and whether it is a transient or long-term issue.
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| Per Share |
Current |
| Earnings (TTM) |
5.6 $ |
| Revenues (TTM) |
9.04 $
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| Cash Flow (TTM) |
- |
| Cash |
32.44 $
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| Book Value |
-
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
5.6 $
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| Revenues (TTM) |
9.04 $ |
| Cash Flow (TTM) |
- |
| Cash |
32.44 $
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| Book Value |
- |
| Dividend (TTM) |
0 $ |
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0.59% 