secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Natural Gas Fund, LP (UNL)
CIK:        0001405513
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001104659-26-007762
Event type: other
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000110465926007762/0001104659-26-007762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000110465926007762/tm262824d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007762

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer