---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-063414"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T15:40:48.010205+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# UNG monthly account shows net loss of $17.2M for May 2025; NAV per share $15.66

## Summary
- Net loss of $17,190,467 for month ended May 31, 2025; NAV per share $15.66.
- Realized trading gain on futures of $3.0M offset by realized loss on swaps of $10.0M and unrealized futures loss of $11.0M.
- Net asset value fell from $428.7M to $346.8M; 7.2M shares added and 10.8M shares withdrawn.
- Total income (loss) negative $16.8M; total expenses $382K.

## SEC filing metadata
- accession: 0001104659-25-063414
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000110465925063414/0001104659-25-063414-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465925063414/tm2517979d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-063414
- JSON: https://secwatch.observer/filing/0001104659-25-063414.json
- Plain text: https://secwatch.observer/filing/0001104659-25-063414.txt

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