---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000076"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:44:59.112109+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# USCF reports audited GP financials: cash down 68%, equity down 40%; legal contingencies noted

## Summary
- Cash and cash equivalents fell to $2.63M at Dec 31, 2023 from $8.23M a year earlier; total assets $8.69M vs $13.26M.
- Member's equity decreased to $6.22M from $10.42M; investments at fair value rose to $3.79M from $2.54M.
- Optimum Strategies lawsuit against USO and USCF dismissed with prejudice in March 2023; no appeal filed.
- Note 5 references an SEC settlement but details are truncated in filing; outcome and financial impact unknown.
- USCF serves as GP for eight publicly-traded funds including UNL (the registrant), USO, UNG, USCI, and others.

## SEC filing metadata
- accession: 0001171200-24-000076
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000117120024000076/0001171200-24-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000117120024000076/i24086_unl-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000076
- JSON: https://secwatch.observer/filing/0001171200-24-000076.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000076.txt

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