---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-052656"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:21:02.446957+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# UNG posts $92M net loss for March; NAV falls to $14.74 per share

## Summary
- Net loss of $92.2M for month ended March 31, 2024, driven by $97.9M unrealized loss on commodity futures.
- Total income (loss) of ($91.3M) included $12.1M realized trading gain offset by $8.9M loss on swaps.
- Net asset value dropped from $868.7M to $830.5M; NAV per share $14.74 on 56.3M shares.
- Fund added 8.3M shares ($124.4M) and withdrew 4.2M shares ($70.4M) during the month.
- Expenses totaled $911k, with $409k in management fees and $276k in brokerage commissions.

## SEC filing metadata
- accession: 0001104659-24-052656
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000110465924052656/0001104659-24-052656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465924052656/tm2411856d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-052656
- JSON: https://secwatch.observer/filing/0001104659-24-052656.json
- Plain text: https://secwatch.observer/filing/0001104659-24-052656.txt

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