United States Oil Fund LP | 10-Q: FY2025 Q3 Revenue: USD 25.56 M

Revenue: As of FY2025 Q3, the actual value is USD 25.56 M.

EPS: As of FY2025 Q3, the actual value is USD 1.81.

EBIT: As of FY2025 Q3, the actual value is USD 20.21 M.

Segment Revenue

• Total Income (Loss): For the nine months ended September 30, 2025, total income was - $2,862,137, compared to $133,040,093 for the same period in 2024.

Operational Metrics

• Net Income (Loss): For the nine months ended September 30, 2025, net loss was - $9,194,977, compared to net income of $124,773,066 for the same period in 2024.
• Net Income (Loss) per Limited Partner Share: For the nine months ended September 30, 2025, net loss per share was - $1.87, compared to net income per share of $2.95 for the same period in 2024.

Cash Flow

• Net Cash Provided by (Used in) Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $28,174,943, compared to $121,809,805 for the same period in 2024.
• Net Cash Provided by (Used in) Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $134,372,942, compared to - $179,518,213 for the same period in 2024.

Unique Metrics

• Average Daily Total Net Assets: For the nine months ended September 30, 2025, average daily total net assets were $995,903,360, compared to $1,338,957,900 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: USO aims to maintain its investment strategy by primarily investing in the Benchmark Oil Futures Contract, consistent with its strategy prior to the Spring of 2020. USO will continue to have the ability to invest in Oil Futures Contracts beyond the Benchmark Oil Futures Contract and Other Oil-Related Investments, such as OTC swaps, if market conditions, regulatory requirements, or risk mitigation measures require it to do so.
• Non-Core Business: USO may need to hold significant portions of its portfolio in cash beyond what it has historically held to address changes in market conditions, regulatory requirements, or risk mitigation measures, or to satisfy potential margin requirements.