---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-021024"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:00:47.664703+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# UNL reports January net income of $3.4M; NAV per share $8.66

## Summary
- Net income of $3,401,627 for month ended Jan 31, 2026.
- NAV per share $8.66, up from $7.80 at Dec 31, 2025 (implied from beginning NAV of $18.71M / 2.4M shares).
- Realized trading loss of $571,867 offset by unrealized gain of $3,940,318.
- Total expenses $23,744; management fees $9,592.
- Shares outstanding unchanged at 2.4M after net redemptions of 150,000 shares.

## SEC filing metadata
- accession: 0001104659-26-021024
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000110465926021024/0001104659-26-021024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465926021024/tm266376d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-021024
- JSON: https://secwatch.observer/filing/0001104659-26-021024.json
- Plain text: https://secwatch.observer/filing/0001104659-26-021024.txt

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