Weathered boatUnited States 12 Month Oil Fund $USL
Saw revenue fall 194% in FY2025 to $-5 million.
Last filing8-K · Item 7.01 Regulation FD Disclosure, 30 Oct 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up United States 12 Month Oil Fund, LP ($USL). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-10-30. 15 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue -$5.3M (FY2025). Experience: revenue down 194.0% on the year. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.7M and $6.6M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (38 filers, $50M+ revenue, its industry group): growth -194.0% against 10.1%.
Read from its own SEC filings · nothing written, nothing inferred
Speed and cash · fiscal 2024
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | −$3M · — · −$7M · — |
| Investment book (cash · short · long) | $32M · — · — |
| Revenue swing · equity of assets | 51.5% · — |
United States 12 Month Oil Fund is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | −$5M |
| Revenue, on the year | −194.0% |
| Revenue, a year over the record | — |
| Operating margin | — |
| Operating margin, prior year | — |
| Net margin | 108.1% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | — |
| Return on equity | — |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | — |
| Book value per share | — |
| Revenue per share | — |
| Shares outstanding | — |
| Audited years read | 5 |
Peers: the median of 38 filers with $50M+ revenue in commodity contracts brokers & dealers.
Classic signals · fiscal 2025Altman Z″ not covered: built for industrial balance sheets, not banks or insurersPiotroski F 2 of 9 2 of 6 tested 2000Beneish M not covered: built for industrial filersSloan accruals -6% earnings backed by cash 1996DuPont ROE needs net income, revenue and two years of assets and equity
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborUnited States 12 Month Oil Fund sails as: Weathered boat
Health watch · 12 monthsquiet · none of the watched events filed
Sailing speed follows growth: -60.9% a year crosses the harbor in 120 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
- revenue is hard to predict: its 80% range is ±28%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-10-30 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-25 · 1.01 Entry into a Material Definitive Agreement
- 8-K · 2026-08-28 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-07
- 8-K · 2026-07-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company