---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-039891"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T04:50:04.361528+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNG reports March 2025 monthly account: net income $27.2M, NAV $21.54

## Summary
- Net income for March 2025 was $27,214,444.
- Net asset value per share as of March 31, 2025: $21.54 (19,546,103 shares).
- Realized trading gain on commodity futures: $9.7M; on swaps: $11.5M.
- Total expenses: $451,023 (management fees $223,369).
- Share activity: 4M shares added, 4.7M shares withdrawn during the month.

## SEC filing metadata
- accession: 0001104659-25-039891
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- 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/1376227/000110465925039891/0001104659-25-039891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465925039891/tm2512319d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-039891
- JSON: https://secwatch.observer/filing/0001104659-25-039891.json
- Plain text: https://secwatch.observer/filing/0001104659-25-039891.txt

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