Company Quick10K Filing
United States Brent Oil Fund
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-03-13
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-13
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-14
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-07
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-03-10
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-04
10-K 2015-12-31 Filed 2016-03-11
10-Q 2015-09-30 Filed 2015-11-13
10-Q 2015-06-30 Filed 2015-08-12
10-Q 2015-03-31 Filed 2015-05-13
10-K 2014-12-31 Filed 2015-03-26
10-Q 2014-09-30 Filed 2014-11-14
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-05-15
10-K 2013-12-31 Filed 2014-03-26
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-03-26
10-Q 2012-09-30 Filed 2012-11-14
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-05-15
10-K 2011-12-31 Filed 2012-03-28
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-15
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-30
10-Q 2010-09-30 Filed 2010-11-15
10-Q 2010-06-30 Filed 2010-08-16
8-K 2020-04-28 Regulation FD, Exhibits
8-K 2020-03-30 Enter Agreement, Leave Agreement, Exhibits
8-K 2020-03-27 Regulation FD, Exhibits
8-K 2020-03-24 Regulation FD, Exhibits
8-K 2020-03-20 Other Events, Exhibits
8-K 2020-02-20 Regulation FD, Exhibits
8-K 2020-01-28 Regulation FD, Exhibits
8-K 2019-12-19 Regulation FD, Exhibits
8-K 2019-11-25 Regulation FD, Exhibits
8-K 2019-10-25 Regulation FD, Exhibits
8-K 2019-09-25 Regulation FD, Exhibits
8-K 2019-08-23 Regulation FD, Exhibits
8-K 2019-07-29 Regulation FD, Exhibits
8-K 2019-06-25 Regulation FD, Exhibits
8-K 2019-05-28 Regulation FD, Exhibits
8-K 2019-04-29 Regulation FD, Exhibits
8-K 2019-04-01 Regulation FD, Exhibits
8-K 2019-03-29 Other Events, Exhibits
8-K 2019-03-26 Regulation FD, Exhibits
8-K 2019-02-26 Regulation FD, Exhibits
8-K 2019-01-28 Regulation FD, Exhibits
8-K 2018-12-21 Regulation FD, Exhibits
8-K 2018-11-29 Regulation FD, Exhibits
8-K 2018-10-30 Regulation FD, Exhibits
8-K 2018-09-27 Regulation FD, Exhibits
8-K 2018-08-27 Regulation FD, Exhibits
8-K 2018-07-30 Regulation FD, Exhibits
8-K 2018-06-21 Regulation FD, Exhibits
8-K 2018-05-23 Regulation FD, Exhibits
8-K 2018-04-27 Regulation FD, Exhibits
8-K 2018-03-29 Regulation FD, Exhibits
8-K 2018-03-28 Regulation FD, Exhibits
8-K 2018-02-28 Regulation FD, Exhibits
8-K 2018-01-30 Regulation FD, Exhibits

United States Brent Oil Fund Financials

BNO Metrics, Comps, Filings

Quarterly | Annual

Business

The United States Brent Oil Fund, LP (“BNO”) is a Delaware limited partnership organized on September 2, 2009. BNO maintains its main business office at 1850 Mt. Diablo Boulevard, Suite 640, Walnut Creek, California 94596. BNO 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 Fourth Amended and Restated Agreement of Limited Partnership dated as of December 15, 2017 (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 BNO 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 Brent crude oil, as measured by the daily changes in the price of a specified short-term futures contract on Brent crude oil called the “Benchmark Futures Contract”, plus interest earned on BNO's collateral holdings, less BNO's expenses. The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange (the “ICE Futures”) that is the near month contract to expire, 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. BNO's investment objective is not for its NAV or market price of shares to equal, in dollar terms, the spot price of Brent crude oil, nor is BNO's investment objective for the percentage change in its NAV to 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 Futures Contracts (as defined below) and Other Crude Oil-Related Investments (as defined below). BNO's shares began trading on June 2, 2010. USCF is the general partner of BNO and is responsible for the management of BNO.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pay My Time (PAYT) 0.0 -136% 108 648 0 0 -147 -147 -0
United Royale (URYL) 0.3 -137% 134 105 0 0 -184 -184 -62
Western Uranium (WUC) -606% 2.0 -7% 24,816 3,964 33 -203 -1,685 -1,677 -3,276
Davey Tree Expert (DAVEY) 9% 1.6 6% 601,198 419,070 1,136,969 98,215 37,194 99,422 161,552
Solar Quartz Technologies (SQTX) 0.0 -1,051% 92 819 0 0 -962 -983 -15
Monopar Therapeutics (MONO) 3.3 -30% 7,888 312 0 0 -2,337 -2,337 -7,618
DSwiss (DQWS) 48% 0.2 -95% 245 292 82 39 -234 -216 -42
Novelis (NVL) 4% 2.8 5% 9,577,000 8,335,000 11,869,000 511,000 431,000 1,238,000 3,449,000
Qurate Retail (QRTE) 0% 3.7 13% 17,673,000 11,916,000 13,038,000 0 2,217,000 1,857,000 6,948,000
United States Brent Oil Fund (BNO) -0% -2.4 45% 77,042 139 -38,543 0 34,967 34,967 -83,588
Teucrium Commodity Trust (TCT) 0% -15.9 6% 183,777 4,287 12,860 0 10,940 10,940 -174,022
Golden Global (GLDG) 29% 0.0 -750% 684 6,433 95 28 -5,129 -5,129 -0
Magna Lab (MAGAA) 0.2 13,700,000% 0 0 -137 -35 -6
AEI Income & Growth Fund 25 (AEI25) -5.6 -0% 21,899 655 0 0 -58 589 -3,314
Alta Mesa (ALTMS) 48% -0.4 -205% 999,744 996,873 428,231 205,267 -2,054,149 -1,958,069 791,997
Balance Labs (BLNC) 0% -0.0 -265% 243 3,004 3 0 -645 -523 21
US-China Biomedical Technology (UCBB) 0.3 -115% 488 395 0 0 -559 -557 -142
Apache Offshore Investment Partnership (AOIP) 71% -16.6 1% 9,314 1,775 1,262 901 110 314 -5,202
Morgan Stanley Smith Barney Charter Aspect (MSCD) -6.1 5% 18,285 833 0 0 909 909 -5,554
Owens-Illinois Group (OW) 18% 18.5 -4% 9,548,000 5,064,000 933,000 -413,000 299,000 5,541,000

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash45,96431,41629,96250,63238,68054,88839,50642,67335,88938,00225,25722,09333,21139,37336,40998,11294,05172,28367,99695,11794,601104,753103,16792,76997,60282,84578,34478,11090,18086,56862,64083,89788,85683,588
Accounts Receivable
Inventory
PP&E
Assets52,68135,04037,45160,53645,17661,03045,22945,85138,97540,40528,63928,04954,54039,70441,559108,656105,35882,93882,661110,306115,990123,348113,999105,088115,54698,97198,45894,026105,764107,32873,86994,32694,44477,042
Accounts Payable
Long-Term Debt
Liabilities13128,1151834,438884,19015661914,3762,3512,2121151,9831401371291491691231005,9339762,1471412,5063,9092,1962522512441662,608139
Stockholders' Equity52,5506,92537,26856,09845,08856,84045,07345,79138,88436,02926,28825,83754,42637,72141,419108,518105,22982,78982,492110,183115,890117,415113,023102,941115,40596,46594,54991,830105,512107,07873,62594,16091,83676,903
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue-42-2,0883,8842,043-8,873-18,901-23,5059,62817,689-38,543
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income-155-2,1923,7667,385-10,7747,513286680-2,9883,4401,129-4351,946-8,980-18,983-2,62911,961-29,290-23,6866,39622,920-1,6839,372-8,540-8,85615,37717,4694,56214,2954,706-38,75419,89658,686-4,861
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating941-884,865-7,3567,9097313,129-2,8664,159183-3,110-13,37312,001-21,509-7,2048,119-28,619-26,4374,5876,94511,392-8,070-16,48713,5665,65911,9945,80513,421-2,9034,804
Cash Investing
Cash Financing-15,489-1,36615,805-4,5968,299-16,11338-3,919-2,046-12,928-5424,490-5,83818,54568,907-12,1796,85122,15022,5343,208-12,978-2,32721,319-18,067-8,982-2,510-3,140639-2,360-10,072