USO: revenue $986.4M, net income $983.7M. USO surges 2340.9%

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

• high

  Iran War and Strait of Hormuz closure shut in 7.5 million barrels/day from six Gulf nations by March 31, driving benchmark crude from $57 to $101/barrel (+77%) and USO's NAV from $69 to $126 (+83%).

  MD&A: Iran War and supply disruption verify on EDGAR →
• high

  Legal Proceedings: Lucas class action verify on EDGAR →
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  USO's NYMEX crude futures holdings jumped 151% year-over-year to 23,766 contracts, reflecting larger fund assets and greater market exposure; peak holdings reached 26,969 contracts during Q1 2026.

  MD&A: Contract holdings verify on EDGAR →