UNL reports $1.2M net loss for 2024; NAV per share falls to $8.12

United States 12 Month Natural Gas Fund, LP

Net loss of $1.22M ($0.46 per share) for 2024, compared to net loss of $13.28M ($8.66 per share) in 2023 and net income of $3.63M in 2022.
NAV per share declined to $8.12 at Dec 31, 2024 from $8.58 a year earlier; outstanding shares increased to 2.3M from 1.9M.
Realized loss on closed futures contracts narrowed to $7.41M from $17.94M in 2023; unrealized gain on open contracts was $5.57M vs $3.97M in 2023.
Net proceeds from share issuances were $21.72M and redemptions $18.12M, resulting in net capital inflow of $3.60M.

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