---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-053368"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:41:40.454818+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# UNG reports monthly net loss of $93.3M for April 2025; NAV per share $16.65

## Summary
- Net loss of $93.3 million on total income loss of $92.9 million.
- Realized trading losses: $44.5M on commodity futures and $47.8M on swap contracts.
- Net asset value per share $16.65, down from $16.34 at March end (implied).
- Additions of $199.4M (11.8M shares) and withdrawals of $98.3M (5.6M shares).
- Total net asset value $428.7M at April 30, 2025.

## SEC filing metadata
- accession: 0001104659-25-053368
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-05-28T23:59:59+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/1376227/000110465925053368/0001104659-25-053368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465925053368/tm2514809d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-053368
- JSON: https://secwatch.observer/filing/0001104659-25-053368.json
- Plain text: https://secwatch.observer/filing/0001104659-25-053368.txt

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