---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-124471"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-12-29T23:59:59+00:00"
generated_at: "2026-05-16T12:05:18.827569+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNG reports Nov 2025 monthly account statement: net income $74.4M, NAV $15.00

## Summary
- Net income of $74.4M for November 2025, driven by $93.3M realized gain on futures.
- NAV per share $15.00 as of Nov 30, 2025, with 36.0M shares outstanding.
- Net asset value fell to $540.6M from $649.3M due to $183.1M in share redemptions.
- Total income of $75.0M including $1.3M dividend and $0.5M interest income.

## SEC filing metadata
- accession: 0001104659-25-124471
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-12-29T23:59:59+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/1376227/000110465925124471/0001104659-25-124471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465925124471/tm2533092d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-124471
- JSON: https://secwatch.observer/filing/0001104659-25-124471.json
- Plain text: https://secwatch.observer/filing/0001104659-25-124471.txt

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