United States 12 Month Oil Fund, LP (USL) Stock Price & Analysis
United States 12 Month Oil Fund, LP (USL) closed at USD 64.08 on Friday, October 23, 2026, up 2.38% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 62.59; the Oct 23, 2026 session ranged USD 63.6–64.12 on volume of 10,839 shares. Market capitalization is —, with a 52-week range of USD 32.25–64.12 (PCX). Source: Nexqual, retrieved October 23, 2026 at 21:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/USL.md
Key facts (USL)
- Last four reported quarters (through Jun 30, 2026): revenue $13.3M, net income $12.9M (96.5% margin) (SEC filings).
- Total return with dividends: 1Y +83.6% vs S&P 500 +13.4%; 5Y +121.0% vs S&P 500 +76.9%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (USL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $94.9M | $39.4M | $551K | $5.7M | -$5.3M | $13.3M |
| Net income | $93.3M | $38.4M | -$57K | $5.1M | -$5.8M | $12.9M |
| Net margin | 98.3% | 97.3% | -10.3% | 89.1% | 108.1% | 96.5% |
| Revenue growth | -13.9% | -58.5% | -98.6% | +929.5% | -194.0% | — |
| Cash + short-term investments | $99.5M | $21.0M | $23.5M | $31.9M | $31.8M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (USL)
Total return (dividends reinvested) (USL)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +83.6% | +121.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +84.0% | +17.2% |
| Volatility (annualized) | 30.4% | 29.5% |
| Max drawdown | -20.9% (May 2026→Jul 2026) | -32.5% (Jun 2022→Mar 2023) |
USL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 32.7% | ±7.4% |
| Dec 18, 2026 | 56 | 33.0% | ±10.5% |
| Jan 15, 2027 | 84 | 32.4% | ±12.5% |
| Apr 16, 2027 | 175 | 34.7% | ±17.8% |
30-day implied volatility 30.9% vs 19% realized over the last 30 trading days. Put/call ratio (volume) 0.2. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 21:24 UTC)
| Price | USD 64.08 |
|---|---|
| Change | ▲ 2.38% (up) |
| Previous Close | USD 62.59 |
| Open | USD 63.58 |
| Day Range | USD 63.6 – 64.12 |
| 52-Week Range | USD 32.25 – 64.12 |
| Volume | 10,839 shares |
| Market Cap | — |
| Exchange | PCX |
Technical Analysis (USL)
Nexqual's technical model rates USL "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 21:24 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 80.73 (overbought) |
| vs SMA50 | Above (USD 56.43) |
| MACD | 2.03 (positive) |
Financial Health Score (USL)
Nexqual rates United States 12 Month Oil Fund, LP's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 21:24 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Mixed — No data |
| Balance Sheet | Mixed — No data |
| Cash Flow | Weak — Operating cash flow -$3M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — No data |
From United States 12 Month Oil Fund, LP's Latest SEC 10-K Filing (filed 2026-02-27)
Partnerships
- To reduce the credit risk that arises in connection with such contracts, USL will generally enter into an agreement with each counterparty based on the Master Agreement published by the International Swaps and Derivatives Association, Inc. ("ISDA") that provides for the netting of its overall exposure to its counterparty and, consistent with applicable regulatory requirements, the posting by each party to cover the mark-to-market exposure of a counterparty to the other counterparty.
- On October 8, 2013, USCF entered into a Futures and Cleared Derivatives Transactions Customer Account Agreement with RBC Capital Markets, LLC ("RBC Capital" or "RBC") to serve as USL's FCM, effective October 10, 2013.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory changes or actions, including the implementation of new legislation are impossible to predict but may significantly and adversely affect USL.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DBO | Invesco DB Oil Fund | USD 26.87 | ▲ 3.35% |
| UGA | United States Gasoline Fund LP | USD 144.92 | ▲ 1.78% |
| BNO | United States Brent Oil Fund, L | USD 70.99 | ▲ 3.02% |
| UNL | United States 12 Month Natural | USD 5.34 | ▼ 0.93% |
| DBE | Invesco DB Energy Fund | USD 41.02 | ▲ 2.68% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 21:24 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt