---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000105"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:02:18.891103+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UNG posts FY2023 net loss of $671M vs net income of $75M in FY2022

## Summary
- Net loss of $671M ($17.87 per weighted avg share) vs net income of $75M ($13.71) in 2022.
- Realized losses on closed futures: $763M and OTC swaps: $145M; offset by unrealized gains of $185M and $15M.
- Interest and dividend income: $46.7M in 2023 vs $7.3M in 2022.
- Year-end partners' capital $973.9M, NAV per share $20.36 (post-1-for-4 reverse split effective Jan 23, 2024).

## SEC filing metadata
- accession: 0001171200-24-000105
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000117120024000105/0001171200-24-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000117120024000105/i24092_ung-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000105
- JSON: https://secwatch.observer/filing/0001171200-24-000105.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000105.txt

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