---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-102920"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:54:28.645006+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# UNL reports net loss of $55,669 for September, NAV $7.74 per share

## Summary
- Net loss of $55,669 for month ended Sept 30, 2025; total income (loss) of -$34,898 and expenses $20,771.
- Realized trading loss $118,590 on commodity futures; unrealized gain $48,409 partially offsets.
- NAV per share $7.74 on 1.35M shares; NAV decreased from $10.50M to $10.45M.
- Dividend and interest income totaled $35,283; general partner management fees $5,124.

## SEC filing metadata
- accession: 0001104659-25-102920
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000110465925102920/0001104659-25-102920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465925102920/tm2528713d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-102920
- JSON: https://secwatch.observer/filing/0001104659-25-102920.json
- Plain text: https://secwatch.observer/filing/0001104659-25-102920.txt

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