secwatch.observer — SEC 8-K summary
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Issuer:     United States Gasoline Fund, LP (UGA)
CIK:        0001396878
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001171200-24-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396878/000117120024000104/0001171200-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396878/000117120024000104/i24091_uga-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-24-000104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer