---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-075591"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:27:24.224562+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# UNG reports net loss of $122M for May 2023; NAV per share $6.22

## Summary
- Net loss of $122,001,280 for the month ended May 31, 2023.
- Net asset value per share $6.22 on 162,684,588 shares outstanding.
- Realized trading loss on commodity futures of $28.7M gain, unrealized loss of $113.5M.
- Net asset value decreased from $1.18B to $1.01B during May.
- Fund had net redemptions of approximately 5.1 million shares (additions 21.9M vs withdrawals 27M).

## SEC filing metadata
- accession: 0001104659-23-075591
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000110465923075591/0001104659-23-075591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465923075591/tm2318578d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-075591
- JSON: https://secwatch.observer/filing/0001104659-23-075591.json
- Plain text: https://secwatch.observer/filing/0001104659-23-075591.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.