other material
confidence high
sentiment negative
materiality 0.30
UNG posts $151M net loss in February; NAV per share drops to $11.50
United States Natural Gas Fund, LP
- Net loss of $151.4M for February 2026; NAV per share $11.50 at month end (37.85M shares outstanding).
- Additions of 22.0M shares ($273.9M) and withdrawals of 10.6M shares ($133.4M) during the month.
- Unrealized losses on commodity futures ($128.0M) and swap contracts ($25.3M) drove the net loss.
- Realized gains on futures ($27.3M) were offset by realized losses on swaps ($26.1M); total income (loss) negative $151.0M.
- Total expenses were $414.6K, including $193.3K in general partner management fees.