---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-094163"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:23:19.226904+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNL reports August net loss of $411K; NAV per share falls to $7.78

## Summary
- Net loss of $411,195 for August 2025, driven by $152,134 realized trading loss and $275,045 unrealized loss.
- Net asset value per share declined to $7.78 from $8.08 at end of July (1,350,000 shares).
- Total income (loss) was -$389,746; expenses totaled $21,449.
- Modest dividend and interest income of $26,621 and $10,812 partially offset trading losses.

## SEC filing metadata
- accession: 0001104659-25-094163
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- 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/1405513/000110465925094163/0001104659-25-094163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465925094163/tm2525705d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-094163
- JSON: https://secwatch.observer/filing/0001104659-25-094163.json
- Plain text: https://secwatch.observer/filing/0001104659-25-094163.txt

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