---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040252"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:58:00.889422+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNL reports net loss of $1.1M for Feb 2024; NAV per share falls to $8.10

## Summary
- Net loss of $1,103,123 for month ended Feb 29, 2024, driven by $3.6M realized trading loss.
- NAV decreased from $23.9M to $16.2M; NAV per share $8.10 on 2.0M shares.
- Share redemptions of 1,000,000 shares ($7.7M) exceeded additions of 150,000 shares ($1.2M).
- Unrealized gain on commodity futures was $2.4M, partially offsetting realized losses.

## SEC filing metadata
- accession: 0001104659-24-040252
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000110465924040252/0001104659-24-040252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465924040252/tm248771d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040252
- JSON: https://secwatch.observer/filing/0001104659-24-040252.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040252.txt

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