Highest-materiality recent filing
UNL reports May 2026 net income of $253K; NAV per share $6.59
Net income for month ended May 31, 2026: $253,265, driven by unrealized gains of $666,857.
UNL reports monthly net loss of $877,686; NAV per share falls to $6.51
Net loss of $877,686 for April 2026; realized trading loss of $371,622 and unrealized loss of $528,218.
United States 12 Month Natural Gas Fund reports March 2026 NAV of $6.90/share, net income $103K
Net income of $103,477 for March; NAV per share $6.90 on 2.25M shares.
UNL reports $4.2M net loss for February; NAV drops to $6.85/share
Net loss of $4,165,253 for February 2026; total income (loss) of $(4,145,268) including unrealized losses of $(3,778,826) on commodity futures.
UNL annual net loss per share widens to $0.78; NAV falls to $7.34
Net loss of $971K ($0.78/share) in 2025 vs $1.22M loss ($0.46/share) in 2024.
USCF, GP of UNL, files audited financials for fiscal 2025
USCF total assets $6.7M at Dec 31, 2025, down from $7.1M in 2024.
UNL reports January net income of $3.4M; NAV per share $8.66
Net income of $3,401,627 for month ended Jan 31, 2026.
United States 12 Month Natural Gas Fund reports net loss of $2.4M for Dec 2025; NAV per share $7.34
Net loss of $2,386,901 for month ended Dec 31, 2025; net asset value fell from $19.4M to $18.7M.
UNL reports Nov 2025 monthly NAV of $8.27/share; net income $424K on $447K total income
Net income of $424,330 for month ended Nov 30, 2025; total income $447,766, expenses $23,436.
Net income of $538,045, driven by unrealized gains of $688,002 on commodity futures.
UNL reports net loss of $55,669 for September, NAV $7.74 per share
Net loss of $55,669 for month ended Sept 30, 2025; total income (loss) of -$34,898 and expenses $20,771.
UNL reports August net loss of $411K; NAV per share falls to $7.78
Net loss of $411,195 for August 2025, driven by $152,134 realized trading loss and $275,045 unrealized loss.
UNL reports July net loss of $881,569; NAV per share $8.08
Net loss of $881,569 for July; unrealized commodity futures loss of $978,174 partially offset by realized gain of $76,503.
United States 12 Month Natural Gas Fund reports June NAV $8.73, net loss $4,536
Net loss of $4,536 for June 2025; total income $17,220, expenses $21,756.
UNL reports net loss of $282K for May 2025; NAV per share falls to $8.70
Net loss of $281,820 for month ended May 31, 2025, driven by $407,953 unrealized loss on commodity futures.
UNL reports monthly account statement for April 2025; net loss of $2.1M, NAV per share $8.91
Net loss of $2,097,038 for April 2025; realized trading gain of $342K offset by $2.48M unrealized loss.
US 12 Month Natural Gas Fund LP director resigns; board to reduce from four to three
Robert L. Nguyen resigned as Management Director of USCF, effective May 31, 2025, upon retirement.
UNL reports March 2025 NAV of $10.26 per share, net income of $1.21M
Net income for March 2025: $1,208,888, driven by $697,279 realized trading gain and $464,561 unrealized gain.
UNL reports Feb 2025 net income of $2.6M; NAV per share $9.56
Net income $2,597,304 for month ended Feb 28, 2025, from $2,561,120 net trading gains and $56,909 other income.
UNL reports $1.2M net loss for 2024; NAV per share falls to $8.12
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.
Cash and equivalents $2.27M (2023: $2.63M); investments $2.33M (2023: $3.79M).
UNL reports Jan 2025 net income of $379K; NAV per share $8.22
Net income of $378,682 for month ended January 31, 2025; total income $402,627.
UNL reports Dec 2024 net income of $1.06M, NAV per share $8.12
Net income $1,064,335; realized trading loss $260,494, unrealized gain $1,276,315.
UNL reports Nov 2024 net income of $1.95M, NAV per share $7.65
Net income for November 2024 was $1,953,140 on total income of $1,976,215.
United States 12 Month Natural Gas Fund reports Oct net loss of $2.54M, NAV per share $6.92
Net loss of $2,540,794 for October 2024, driven by realized loss of $342,181 and unrealized loss of $2,248,379.
UNL reports Sep 2024 net income of $1.76M; NAV/share $7.92
Net income of $1,760,526 for month ended Sep 30, 2024, driven by unrealized gains of $1,983,683.
UNL reports monthly net loss of $397K for August 2024; NAV per share $7.24
Net loss of $396,746 for month ended August 31, 2024, from $357,763 total loss and $38,983 expenses.
UNL reports July net loss of $1.96M; NAV per share at $7.38
Net loss of $1,959,916 for July 2024, driven by $2.0M total realized and unrealized losses on natural gas futures.
UNL reports June 2024 NAV of $8.28/share, net income of $143K
Net income of $143,423 for the month ended June 30, 2024.
UNL reports May 2024 net income of $806,694; NAV per share $8.23
Net income of $806,694 for May 2024; total income $840,101 from trading, dividends, interest.
UNL reports net income of $228,134 for April 2024; NAV per share $7.88
Net income of $228,134 driven by unrealized futures gains of $636,173 offsetting realized losses of $469,173.
UNL reports net loss of $678,603 for March 2024; NAV per share $7.77
Net loss of $678,603 on total income (loss) of -$666,109 and net expenses of $12,494.
UNL reports net loss of $1.1M for Feb 2024; NAV per share falls to $8.10
Net loss of $1,103,123 for month ended Feb 29, 2024, driven by $3.6M realized trading loss.
UNL reports 2023 net loss of $13.3M; NAV falls to $8.58 from $17.24
Net loss of $13.3M vs net income of $3.6M in 2022; EPS loss of $8.66.
USCF reports audited GP financials: cash down 68%, equity down 40%; legal contingencies noted
Cash and cash equivalents fell to $2.63M at Dec 31, 2023 from $8.23M a year earlier; total assets $8.69M vs $13.26M.
UNL reports Jan 2024 monthly net loss of $496,544; NAV per share $8.38
Net loss of $496,544 on total income (loss) of ($484,044).
United States 12 Month Natural Gas Fund reports net loss of $1.9M for December 2023
Net loss of $1,900,029 for December 2023; net asset value per share $8.58 at month-end.
United States 12 Month Natural Gas Fund posts $4.1M net loss in Nov; NAV per share drops to $9.58
Net loss of $4.12M for month ended Nov 30, 2023; driven by unrealized losses of $3.44M on commodity futures.
UNL monthly account statement: Oct 2023 NAV $11.70/share, net income $1.43M
Net income for October 2023 was $1,432,012, with realized trading loss of $876,914 and unrealized gain of $2,227,645.
Dismissed Spicer Jeffries LLP as independent auditor on November 14, 2023.
UNL reports September net loss of $714K, NAV per share $10.87
Net loss of $714,301 for September 2023, driven by realized trading loss of $894,863 partially offset by unrealized gains.
UNL reports August 2023 monthly account statement; net income $136K, NAV per share $11.33
Net income of $136,036 for August; NAV per share $11.33 at month-end.
UNL reports July 2023 net loss of $343,208; NAV per share $11.28
Net loss of $343,208 for month ended July 31, 2023, driven by realized trading loss of $868,655 on commodity futures.
UNL adds ADM Investor Services as new futures commission merchant
UNL entered into Customer Account Agreement with ADM Investor Services, Inc. for execution and clearing services.
UNL reports June 2023 net income of $1.29M; NAV per share $11.51
Net income of $1.29M for June, with realized trading loss of $1.22M and unrealized gain of $2.46M.
United States 12 Month Natural Gas Fund reports NAV of $10.62 as of May 31, 2023; net loss of $1.17M
Net loss of $1,174,342 for month ended May 31, 2023.
UNL reports monthly account statement for April 2023 with net loss of $288K
Net loss of $287,827 for month ended April 30, 2023, driven by realized trading loss of $1.26M.
UNL reports net loss of $2.04M for March; NAV per share $11.66
Net loss of $2,036,611 for month ended March 31, 2023, due to realized trading loss of $1,862,397 and unrealized loss of $222,024.
USCF appoints Crumbaugh and Rooney as Management Directors; Gerber and Ngim resign
Nicholas D. Gerber and Andrew F. Ngim resigned as Management Directors of USCF, effective April 1, 2023, upon successor appointment.
UNL reports Feb 2023 monthly account; net loss $185K, NAV $13.22/sh
Net loss of $184,998 for the month ended February 28, 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 12 Month Natural Gas Fund, LP (the “Registrant”).
each of Mr. Stuart P. Crumbaugh and Ms. Kathryn D. Rooney was appointed as a Management Director
each of Messrs. Nicholas D. Gerber and Andrew F Ngim tendered his resignation as a Management Director
each of Mr. Stuart P. Crumbaugh and Ms. Kathryn D. Rooney was appointed as a Management Director
each of Messrs. Nicholas D. Gerber and Andrew F Ngim tendered his resignation as a Management Director
Max materiality 0.70 · Median 0.30 · Most common event other_material