---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-053372"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:43:45.928251+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# UNL reports monthly account statement for April 2025; net loss of $2.1M, NAV per share $8.91

## Summary
- Net loss of $2,097,038 for April 2025; realized trading gain of $342K offset by $2.48M unrealized loss.
- NAV per share fell to $8.91 from prior month; total NAV decreased to $12.03M.
- Share count dropped by 250,000 shares to 1.35M due to net redemptions of $2.29M.
- Dividend and interest income totaled $46,171; total expenses were $7,989.

## SEC filing metadata
- accession: 0001104659-25-053372
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other
- sentiment: negative
- 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/1405513/000110465925053372/0001104659-25-053372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465925053372/tm2514809d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-053372
- JSON: https://secwatch.observer/filing/0001104659-25-053372.json
- Plain text: https://secwatch.observer/filing/0001104659-25-053372.txt

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