---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-117090"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:52:05.884265+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# United States 12 Month Natural Gas Fund reports October 2025 net income of $538K, NAV per share $8.03

## Summary
- Net income of $538,045, driven by unrealized gains of $688,002 on commodity futures.
- Realized trading loss of $167,121; dividend and interest income of $37,364.
- Net asset value increased to $15.26M ($8.03 per share) from $10.45M; 550K shares added.
- Total expenses of $21,250; general partner management fees of $5,530.

## SEC filing metadata
- accession: 0001104659-25-117090
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- 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/1405513/000110465925117090/0001104659-25-117090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465925117090/tm2530912d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-117090
- JSON: https://secwatch.observer/filing/0001104659-25-117090.json
- Plain text: https://secwatch.observer/filing/0001104659-25-117090.txt

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