📊 BNO Key Takeaways
Is United States Brent Oil Fund, LP (BNO) a Good Investment?
BNO is a commodity-linked fund generating negative returns with -$5.2M revenue and -$4.1M net loss in the latest period, reflecting severe operational underperformance. The fund exhibits weak cash flow generation with negative operating cash flow of -$3.7M despite holding $86.5M in liquid assets, indicating fundamental structural challenges. With inconsistent profitability metrics and deteriorating year-over-year performance (-138.6% net income decline), the fund demonstrates poor capital efficiency and value destruction.
United States Brent Oil Fund, LP appears financially liquid, with $86.50M of cash against only $300.20K of liabilities, which limits balance-sheet risk. However, the latest period shows negative revenue, a $4.09M net loss, and negative operating/free cash flow, while most traditional operating profitability metrics are not meaningful for this structure. Fundamentally, the entity looks financially stable but lacks evidence of durable earnings quality or improving profitability.
Why Buy United States Brent Oil Fund, LP Stock? BNO Key Strengths
- Strong liquidity position with $86.5M in cash equivalents representing 86% of total assets
- Minimal leverage with only $300.2K in liabilities providing financial stability
- Low financial risk profile with negligible debt obligations
- Very strong liquidity position with cash representing the large majority of total assets
- Minimal liabilities reduce solvency and refinancing risk
- Asset base remains substantial relative to current-period losses
BNO Stock Risks: United States Brent Oil Fund, LP Investment Risks
- Persistent negative revenue generation and operating losses indicating structural business challenges
- Negative operating cash flow of -$3.7M demonstrating inability to generate cash from core operations
- Severe deterioration in profitability with -138.6% year-over-year net income decline signaling worsening trends
- Negative return on assets (-4.1%) showing inefficient asset deployment and capital destruction
- Net income deteriorated sharply year over year, indicating weak recent profitability
- Negative operating cash flow and free cash flow reduce fundamental earnings quality
- Limited availability of traditional operating metrics makes performance harder to assess and increases uncertainty
Key Metrics to Watch
- Operating cash flow trend and path to positive cash generation
- Revenue stabilization and recovery from negative levels
- Net loss magnitude and whether losses are widening or narrowing period-over-period
- Operating cash flow trend
- Net income volatility
United States Brent Oil Fund, LP (BNO) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 71.5% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
BNO Profit Margin, ROE & Profitability Analysis
BNO vs Market Sector: How United States Brent Oil Fund, LP Compares
How United States Brent Oil Fund, LP compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is United States Brent Oil Fund, LP Stock Overvalued? BNO Valuation Analysis 2026
Based on fundamental analysis, United States Brent Oil Fund, LP has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
United States Brent Oil Fund, LP Balance Sheet: BNO Debt, Cash & Liquidity
BNO Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: United States Brent Oil Fund, LP's revenue has declined by 85% over the 5-year period, indicating business contraction.
BNO Revenue Growth, EPS Growth & YoY Performance
BNO Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2014 | -$8.9M | $1.1M | N/A |
| Q2 2014 | -$2.9M | $1.5M | N/A |
| Q3 2011 | -$2.1M | $863.5K | N/A |
| Q2 2011 | -$41.7K | -$155.5K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
United States Brent Oil Fund, LP Dividends, Buybacks & Capital Allocation
BNO SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for United States Brent Oil Fund, LP (CIK: 0001472494)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BNO
What is the AI rating for BNO?
United States Brent Oil Fund, LP (BNO) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BNO's key strengths?
Claude: Strong liquidity position with $86.5M in cash equivalents representing 86% of total assets. Minimal leverage with only $300.2K in liabilities providing financial stability. ChatGPT: Very strong liquidity position with cash representing the large majority of total assets. Minimal liabilities reduce solvency and refinancing risk.
What are the risks of investing in BNO?
Claude: Persistent negative revenue generation and operating losses indicating structural business challenges. Negative operating cash flow of -$3.7M demonstrating inability to generate cash from core operations. ChatGPT: Net income deteriorated sharply year over year, indicating weak recent profitability. Negative operating cash flow and free cash flow reduce fundamental earnings quality.
What is BNO's revenue and growth?
United States Brent Oil Fund, LP reported revenue of $-5.2M.
Does BNO pay dividends?
United States Brent Oil Fund, LP does not currently pay dividends.
Where can I find BNO SEC filings?
Official SEC filings for United States Brent Oil Fund, LP (CIK: 0001472494) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BNO's EPS?
United States Brent Oil Fund, LP has a diluted EPS of $0.00.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is BNO a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, United States Brent Oil Fund, LP has a SELL rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is BNO stock overvalued or undervalued?
Valuation metrics for BNO: ROE of N/A (sector avg: 15%), net margin of 78.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy BNO stock in 2026?
Our dual AI analysis gives United States Brent Oil Fund, LP a combined SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is BNO's free cash flow?
United States Brent Oil Fund, LP's operating cash flow is $-3.7M, with capital expenditures of N/A. FCF margin is 71.5%.
How does BNO compare to other Market stocks?
Vs Default sector averages: Net margin 78.4% (avg: 12%), ROE N/A (avg: 15%), current ratio N/A (avg: 1.8).