---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000104"
form_type: "8-K"
ticker: "UGA"
cik: "0001396878"
company_name: "United States Gasoline Fund, LP"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:03:12.456627+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# UGA annual net income falls 98% to $0.5M; large unrealized loss on futures

## Summary
- 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.

## SEC filing metadata
- accession: 0001171200-24-000104
- form_type: 8-K
- ticker: UGA
- cik: 0001396878
- company_name: United States Gasoline Fund, LP
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396878/000117120024000104/0001171200-24-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396878/000117120024000104/i24091_uga-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000104
- JSON: https://secwatch.observer/filing/0001171200-24-000104.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000104.txt

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