secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Natural Gas Fund, LP (UNL)
CIK:        0001405513
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001171200-24-000106
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNL reports 2023 net loss of $13.3M; NAV falls to $8.58 from $17.24
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- Net loss of $13.3M vs net income of $3.6M in 2022; EPS loss of $8.66.
- NAV per share dropped 50% to $8.58 at Dec 31, 2023 from $17.24 a year ago.
- Realized loss on closed futures of $17.9M vs gain of $12.3M in 2022.
- Share count rose to 1.9M from 1.45M; net share issuances added $4.6M.
- Net expenses fell to $157K (from $320K) due to $168K expense waiver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000117120024000106/0001171200-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000117120024000106/i24093_unl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-24-000106

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