---
schema_version: "secwatch.filing_event.v1"
accession: "0002071876-26-000249"
form_type: "8-K"
ticker: "UNG"
cik: "0001376227"
company_name: "United States Natural Gas Fund, LP"
filed_at: "2026-10-15T20:36:00+00:00"
generated_at: "2026-10-15T20:37:11.381991+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# UNG lowers ISDA termination threshold with Societe Generale to $200M from $1.5B

## Summary
- As of October 13, 2026, United States Natural Gas Fund amended its ISDA 2002 Master Agreement with Societe Generale, originally entered June 13, 2022.
- The amendment cuts UNG's 'Total Net Assets Decline Event' Additional Termination Event threshold from $1.5 billion to $200,000,000.
- All other Party B entities listed on Appendix I keep the $1.5 billion TNA decline threshold; UNG is the only one reduced to $200M.
- The filing states the lower threshold reflects UNG's performance and is meant to prevent the TNA ATE triggering absent a credit event for the Registrant.
- Amendment signed by UNG general partner USCF's President and CEO John P. Love; Societe Generale signed via director Roberto Peralta.

## SEC filing metadata
- accession: 0002071876-26-000249
- form_type: 8-K
- ticker: UNG
- cik: 0001376227
- company_name: United States Natural Gas Fund, LP
- filed_at: 2026-10-15T20:36:00+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376227/000207187626000249/0002071876-26-000249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376227/000207187626000249/i26416_ung-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002071876-26-000249
- JSON: https://secwatch.observer/filing/0002071876-26-000249.json
- Plain text: https://secwatch.observer/filing/0002071876-26-000249.txt

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