---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-25-000101"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:23:37.455437+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNG GP files audited financials showing $5.3M member equity; legal contingency disclosed

## Summary
- USCF total assets $7.1M at Dec 31, 2024 vs $8.7M a year earlier; cash $2.3M.
- Management fees receivable from UNG $412K (34% of total) as of Dec 31, 2024.
- GP extends Walnut Creek lease through March 2028; three months free rent in 2025.
- USCF remains party to Optimum Strategies Action filed Apr 2022; no loss estimate yet.
- UNL management fee reduced from 0.75% to 0.60% effective May 1, 2024; waiver ended.

## SEC filing metadata
- accession: 0001171200-25-000101
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000117120025000101/0001171200-25-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000117120025000101/i25110_ung-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-25-000101
- JSON: https://secwatch.observer/filing/0001171200-25-000101.json
- Plain text: https://secwatch.observer/filing/0001171200-25-000101.txt

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