---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-102914"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:54:13.162950+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# UNG reports Sept 2025 net income of $13.6M; NAV per share $12.97

## Summary
- Net income of $13.6M for September; NAV per share $12.97 at month-end.
- NAV rose to $624.5M from $599.5M on net share additions and income.
- Realized trading gains on futures $15.2M, unrealized losses $4.8M.
- Fund added 6.4M shares and withdrew 5.3M shares during month.
- Total expenses $509.8K; management fees $290.7K.

## SEC filing metadata
- accession: 0001104659-25-102914
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- 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/1376227/000110465925102914/0001104659-25-102914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465925102914/tm2528713d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-102914
- JSON: https://secwatch.observer/filing/0001104659-25-102914.json
- Plain text: https://secwatch.observer/filing/0001104659-25-102914.txt

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