---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-032669"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2026-03-20T23:59:59+00:00"
generated_at: "2026-05-15T09:28:16.441914+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# USCF reports audited 2025 financials: assets $6.7M, equity $5.1M

## Summary
- Cash and cash equivalents $1.54M at Dec 31, 2025, down from $2.27M at Dec 31, 2024.
- Member's equity $5.08M, down from $5.28M year-over-year.
- Management fees receivable from UNG $288k (24% of total $1.19M) vs $413k (34%) in 2024.
- Auditor notes legal contingencies including Optimum Strategies Action dismissed; no new material developments.
- Operating lease extended through March 2028; lease liability $406k.

## SEC filing metadata
- accession: 0001104659-26-032669
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2026-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000110465926032669/0001104659-26-032669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000110465926032669/tm268488d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-032669
- JSON: https://secwatch.observer/filing/0001104659-26-032669.json
- Plain text: https://secwatch.observer/filing/0001104659-26-032669.txt

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