Robert L. Nguyen
On May 19, 2025, Mr. Robert L. Nguyen tendered his resignation as a Management Director of the United States Commodity Funds LLC (“USCF”), which is the general partner of the United States Natural Gas Fund, LP (the “Registrant”).
Highest-materiality recent filing
UNG reports net income $61.9M for May 2026; NAV ends at $11.93 per share
Net income $61.9M for May 2026; NAV per share $11.93 on 39.7M shares.
UNG posts $40.1M net loss for April 2026; NAV per share $10.63
Net loss of $40.1M for month ended April 30, 2026, driven by $47.7M realized trading loss on commodity futures.
UNG reports March 2026 NAV of $11.70 per share, net income $8.8M
Net income of $8.76M for month ended Mar 31, 2026; NAV per share $11.70 on 37.9M shares outstanding.
UNG posts $151M net loss in February; NAV per share drops to $11.50
Net loss of $151.4M for February 2026; NAV per share $11.50 at month end (37.85M shares outstanding).
UNG reports 2025 net income of $34.2M, NAV per share down to $12.20 from $16.85
Net income of $34.2M in 2025 vs $65.1M in 2024; net loss of $671.3M in 2023.
USCF reports audited 2025 financials: assets $6.7M, equity $5.1M
Cash and cash equivalents $1.54M at Dec 31, 2025, down from $2.27M at Dec 31, 2024.
UNG reports Jan 2026 net income of $252.4M; NAV per share $16.88
Net income of $252.4M driven by $98.9M realized gain on futures and $107.9M unrealized gain.
UNG reports $97.2M net loss for December; NAV per share $12.20
Net loss of $97.2M for month ended Dec 31, 2025, driven by $66.6M realized loss on commodity futures.
UNG reports Nov 2025 monthly account statement: net income $74.4M, NAV $15.00
Net income of $74.4M for November 2025, driven by $93.3M realized gain on futures.
UNG reports net income of $26.5M for Oct 2025; NAV per share $13.29
Net income of $26,490,027 for month ended Oct 31, 2025.
UNG reports Sept 2025 net income of $13.6M; NAV per share $12.97
Net income of $13.6M for September; NAV per share $12.97 at month-end.
UNG reports August net loss of $29.2M; NAV per share $12.74
Net loss of $29.2M for the month; total income loss of $28.7M.
UNG reports $40.3M net loss in July 2025 monthly account statement
Net loss of $40.27M; total income (loss) of $(39.89M) for July 2025.
UNG reports $11.9M net loss for June; NAV per share $15.31
Net loss of $11.9M driven by $8.5M unrealized loss on futures and $3.7M realized swap loss.
UNG monthly account shows net loss of $17.2M for May 2025; NAV per share $15.66
Net loss of $17,190,467 for month ended May 31, 2025; NAV per share $15.66.
UNG reports monthly net loss of $93.3M for April 2025; NAV per share $16.65
Net loss of $93.3 million on total income loss of $92.9 million.
Management Director Robert L. Nguyen to resign; board reduced from 4 to 3
Robert L. Nguyen resigned as Management Director of USCF, effective May 31, 2025, upon his retirement.
UNG reports March 2025 monthly account: net income $27.2M, NAV $21.54
Net income for March 2025 was $27,214,444.
UNG reports $188M net income for Feb; NAV per share $20.33
Net income of $188.1M for month ended Feb 28, 2025, driven by $132.2M in realized and unrealized gains.
UNG releases annual financials for 2024: net income $65.1M, turnaround from loss
Net income of $65.1M (EPS $1.25) vs net loss of $671.3M (EPS -$17.87) in 2023.
UNG GP files audited financials showing $5.3M member equity; legal contingency disclosed
USCF total assets $7.1M at Dec 31, 2024 vs $8.7M a year earlier; cash $2.3M.
UNG reports January net loss of $6.5M; NAV per share $16.07
Net loss for January 2025: $6.48M, with total income (loss) of ($5.68M).
UNG Dec 2024 monthly net income $128.9M; NAV/share $16.85; net redemptions $242M
Net income of $128,876,318 for December; net asset value fell from $856.9M to $743.8M.
United States Natural Gas Fund Nov 2024 net income $131.7M, NAV per share $14.56
Net income of $131.7M for November 2024, including $77.2M unrealized gains on natural gas futures.
UNG reports October 2024 net loss of $207M, NAV falls to $798M
Net loss of $206.9M for month ended Oct 31, 2024; realized/unrealized trading losses of $209M on futures and swaps.
UNG reports net income of $183.9M for month ended Sept 30, 2024
Net income of $183.9 million, driven by $121.6M unrealized gain on commodity futures and $31.6M realized gain on swaps.
UNG reports August net loss of $1.7M; NAV per share $13.34
Net loss of $1,714,919 for month ended August 31, 2024, on total income loss of $810,929.
UNG reports net loss of $180M for July; NAV per share $13.47
Net loss of $180,251,406 for month ended July 31, 2024.
UNG signs ISDA Master Agreement with ScotiaBank for OTC swaps
Agreement dated August 5, 2024 with The Bank of Nova Scotia as OTC swaps counterparty.
UNG June 2024 monthly account: net loss $3.5M, NAV per share $17.39
Net loss of $3,496,523 for month ended June 30, 2024; total income (loss) of -$2,755,920.
UNG reports May 2024 net income of $185M, NAV per share $17.71
Net income of $185,078,542 for month ended May 31, 2024.
UNG reports monthly net loss of $7.5M for April 2024; NAV per share $14.55
Net loss of $7.5M on total income loss of $6.6M and expenses of $891K.
UNG posts $92M net loss for March; NAV falls to $14.74 per share
Net loss of $92.2M for month ended March 31, 2024, driven by $97.9M unrealized loss on commodity futures.
UNG posts $94.2M net loss for Feb 2024; NAV per share $16.63
Net loss of $94.2M driven by $248.9M realized trading loss on futures, partially offset by $165.9M unrealized gain.
UNG posts FY2023 net loss of $671M vs net income of $75M in FY2022
Net loss of $671M ($17.87 per weighted avg share) vs net income of $75M ($13.71) in 2022.
USCF reports cash drop to $2.6M; member's equity falls to $6.2M for year-end 2023
Cash and cash equivalents decreased to $2.6M from $8.2M as of Dec 31, 2022.
UNG reports net income of $21.8M for January; NAV falls to $743M on net redemptions
Net income of $21.8M for month ended Jan 31, 2024; realized futures gains of $105.4M offset by unrealized losses of $127.6M.
UNG reports December 2023 net loss of $80.6M; NAV per share at $20.36
Net loss of $(80,575,137) for December, driven by realized trading loss of $(208,090,770) on commodity futures.
UNG completes 1-for-4 reverse share split; post-split shares begin trading Jan 24
Effected one-for-four reverse share split on Jan 23, 2024; post-split shares trade Jan 24.
UNG announces 1-for-4 reverse share split effective Jan 23, 2024
1-for-4 reverse share split effective after market close Jan 23, 2024; post-split trading begins Jan 24.
UNG reports net loss of $292.8M for November 2023; NAV per share drops to $5.52
Net loss of $292,777,117 for the month ended November 30, 2023, driven by $125.3M unrealized loss on commodity futures.
UNG reports October 2023 net income of $119.6M; NAV per share $7.44
Net income for October 2023 was $119.6M, driven by $55.7M realized trading gain on commodity futures and $32.0M unrealized gain.
United States Natural Gas Fund dismisses Spicer Jeffries, hires Cohen & Company as auditor
Dismissed Spicer Jeffries LLP as independent auditor for FY ending Dec 31, 2023, effective Nov 14, 2023.
UNG reports net loss of $44.3M for Sept 2023; NAV per share $6.81
Net loss of $44.3M for month ended Sept 30, 2023; negative $26.8M from realized & unrealized trading.
UNG reports August 2023 monthly NAV of $7.10, net income of $17M
Net income of $17.0M for August 2023, driven by $26.5M realized gain on commodity futures.
UNG reports July 2023 net loss of $54.4M; NAV per share $7.08
Net loss of $54.4M for month ended July 31, 2023; total income loss of $53.5M.
United States Natural Gas Fund adds ADMIS as FCM; Marex accounts consolidated
On Aug 8, 2023, entered into Customer Account Agreement with ADM Investor Services, Inc. as additional FCM.
UNG reports net income of $215.4M for June; NAV per share $7.46
Net income of $215.4M for June 2023, driven by unrealized gains of $164.8M on futures and swaps.
UNG reports net loss of $122M for May 2023; NAV per share $6.22
Net loss of $122,001,280 for the month ended May 31, 2023.
UNG reports April net income of $16.8M; NAV per share $7.04
Net income of $16,803,181 for month ended April 30, 2023.
On May 19, 2025, Mr. Robert L. Nguyen tendered his resignation as a Management Director of the United States Commodity Funds LLC (“USCF”), which is the general partner of the United States Natural Gas Fund, LP (the “Registrant”).
On April 1, 2023, each of Mr. Stuart P. Crumbaugh and Ms. Kathryn D. Rooney was appointed as a Management Director of USCF, effective immediately.
On April 1, 2023, each of Mr. Stuart P. Crumbaugh and Ms. Kathryn D. Rooney was appointed as a Management Director of USCF, effective immediately.
On April 1, 2023, each of Messrs. Nicholas D. Gerber and Andrew F Ngim tendered his resignation as a Management Director of the United States Commodity Funds LLC
On April 1, 2023, each of Messrs. Nicholas D. Gerber and Andrew F Ngim tendered his resignation as a Management Director of the United States Commodity Funds LLC
Max materiality 0.85 · Median 0.30 · Most common event other_material