earnings
confidence high
sentiment positive
materiality 0.70
UNG releases annual financials for 2024: net income $65.1M, turnaround from loss
United States Natural Gas Fund, LP
- Net income of $65.1M (EPS $1.25) vs net loss of $671.3M (EPS -$17.87) in 2023.
- Partners' capital fell to $743.8M from $973.9M; NAV per share dropped to $16.85 from $20.36.
- Realized losses on futures improved to $47.7M from $762.9M; realized gains on swaps of $58.4M vs loss.
- Fund experienced net redemptions: 115.8M shares redeemed for $1.98B, outstanding shares fell to 44.1M.
- Operating cash flow turned positive at $47.5M vs -$865.0M in 2023.