---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-007762"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:22:18.305392+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# United States 12 Month Natural Gas Fund reports net loss of $2.4M for Dec 2025; NAV per share $7.34

## Summary
- Net loss of $2,386,901 for month ended Dec 31, 2025; net asset value fell from $19.4M to $18.7M.
- Realized trading loss of $252,188 and unrealized loss of $2,180,562 drove the decline.
- NAV per share $7.34 (2,550,000 shares outstanding); beginning NAV per share approx $7.62.
- Total income of $(2,371,091) vs total expenses of $15,810; dividend and interest income $61,309.

## SEC filing metadata
- accession: 0001104659-26-007762
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000110465926007762/0001104659-26-007762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465926007762/tm262824d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-007762
- JSON: https://secwatch.observer/filing/0001104659-26-007762.json
- Plain text: https://secwatch.observer/filing/0001104659-26-007762.txt

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