{"schema_version":"secwatch.filing_event.v1","accession":"0002071876-26-000068","form_type":"8-K","ticker":"UNL","cik":"0001405513","company_name":"United States 12 Month Natural Gas Fund, LP","filed_at":"2026-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.002472+00:00","generated_at":"2026-05-15T08:35:22.735836+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"UNL annual net loss per share widens to $0.78; NAV falls to $7.34","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0002071876-26-000068","json":"https://secwatch.observer/filing/0002071876-26-000068.json","markdown":"https://secwatch.observer/filing/0002071876-26-000068.md","text":"https://secwatch.observer/filing/0002071876-26-000068.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1405513/000207187626000068/0002071876-26-000068-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1405513/000207187626000068/i26130_unl-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:35:22.735836+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}