other material
confidence high
sentiment negative
materiality 0.50
UNL annual net loss per share widens to $0.78; NAV falls to $7.34
United States 12 Month Natural Gas Fund, LP
- Net loss of $971K ($0.78/share) in 2025 vs $1.22M loss ($0.46/share) in 2024.
- NAV per share declined to $7.34 from $8.12 at Dec 31, 2024.
- Realized gain on closed futures contracts was $1.86M, vs a $7.41M loss in 2024.
- Expense waiver ended in 2025; net expenses rose to $236K from $294K in 2024.
- Shares outstanding increased to 2.55M from 2.30M; total partners' capital flat.