---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-117082"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:51:58.246578+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# UNG reports net income of $26.5M for Oct 2025; NAV per share $13.29

## Summary
- Net income of $26,490,027 for month ended Oct 31, 2025.
- Ending net asset value $649.3M on 48.846M shares ($13.29 NAV/share).
- Realized trading loss on commodity futures of $18.2M; unrealized gain of $40.6M.
- Net asset value increased from $624.5M at Sep 30, 2025.
- Share creations of 11.6M shares and redemptions of 10.9M shares during month.

## SEC filing metadata
- accession: 0001104659-25-117082
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000110465925117082/0001104659-25-117082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465925117082/tm2530912d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-117082
- JSON: https://secwatch.observer/filing/0001104659-25-117082.json
- Plain text: https://secwatch.observer/filing/0001104659-25-117082.txt

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