---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-029762"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:38:40.601179+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# UNL reports Feb 2025 net income of $2.6M; NAV per share $9.56

## Summary
- Net income $2,597,304 for month ended Feb 28, 2025, from $2,561,120 net trading gains and $56,909 other income.
- NAV end of month $16,259,492; per share $9.56 on 1,700,000 shares outstanding.
- Fund redeemed 200,000 shares for $1,956,400 during the month.
- Total expenses $20,725, including $7,917 general partner management fees.

## SEC filing metadata
- accession: 0001104659-25-029762
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- 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/1405513/000110465925029762/0001104659-25-029762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465925029762/tm258856d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-029762
- JSON: https://secwatch.observer/filing/0001104659-25-029762.json
- Plain text: https://secwatch.observer/filing/0001104659-25-029762.txt

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