earnings
confidence high
sentiment negative
materiality 0.55
UGA annual net income falls 98% to $0.5M; large unrealized loss on futures
United States Gasoline Fund, LP
- Net income for 2023 was $539K ($0.89/share) vs $27.4M ($18.71/share) in 2022.
- Unrealized loss on open futures of $13.3M in 2023 vs gain of $8.0M in 2022.
- Total assets $85.2M, partners' capital $84.9M, both slightly down from 2022.
- NAV per share $60.64 vs market $60.70; shares outstanding 1.4M.
- Auditor changed to Cohen & Company, Ltd. effective fiscal 2023.