other material
confidence high
sentiment neutral
materiality 0.25
USCF (GP of UGA) files audited FY2024 balance sheet; member equity $5.3M, down 15%
United States Gasoline Fund, LP
- Total assets $7.1M at Dec 31, 2024 vs $8.7M in 2023; cash & equivalents $2.3M.
- Member's equity $5.3M, down from $6.2M; management fees receivable $1.2M.
- UNL management fee cut to 0.60% from 0.75% effective May 1, 2024; voluntary waiver terminated.
- Auditor notes critical audit matter on loss contingencies related to legal proceedings.
- Operating lease extended through March 2028; right-of-use asset $507,780.