Company Description
United States Natural Gas Fund, LP (UNG) is a limited partnership whose shares are listed on NYSE Arca, Inc. The fund is registered with the U.S. Securities and Exchange Commission and makes regular filings as a public reporting entity. Its name and regulatory disclosures indicate a focus on natural gas as an underlying asset, and it operates within the broader category of commodity-related financial products.
The partnership structure and its classification in the commodity contracts and brokers space mean that United States Natural Gas Fund, LP is subject to both securities and commodities regulations. In its SEC reports, the fund refers to itself as the “Registrant” and provides information required under the Securities Exchange Act of 1934 and the Commodity Exchange Act. Shares of United States Natural Gas Fund, LP trade under the ticker symbol UNG on NYSE Arca, Inc., giving investors exchange-based access to this vehicle.
Regulatory framework and reporting
United States Natural Gas Fund, LP files current reports on Form 8-K with the SEC. In multiple Form 8-K filings, the fund describes how it issues a monthly account statement that includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value. These statements are prepared in accordance with Rule 4.22 under the Commodity Exchange Act. The fund furnishes these monthly account statements as exhibits to its Form 8-K filings, which provides transparency into its financial results and changes in net asset value over time.
In its 8-K filings, United States Natural Gas Fund, LP also notes that the information contained in the furnished exhibits is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, unless specifically incorporated by reference into another filing. This distinction is a standard disclosure for materials that are provided to investors for informational purposes but are not treated as filed financial statements under certain liability provisions.
Commodity account statements and investor information
The fund’s recurring disclosure of monthly account statements highlights an emphasis on regular reporting to investors. Each referenced Form 8-K explains that the account statement covers a specific month-end period and is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value. These documents give investors insight into the fund’s performance and net asset value movements for the covered month.
According to the Form 8-K filings, the fund prepares these statements to meet the requirements of Rule 4.22 under the Commodity Exchange Act. This rule governs the reporting obligations of certain commodity pool operators and related entities. By furnishing these statements as exhibits to Form 8-K, United States Natural Gas Fund, LP provides a recurring view of its financial results in addition to any annual or quarterly reports it may file on other SEC forms.
Exchange listing and regulatory status
In the securities registered section of its Form 8-K filings, United States Natural Gas Fund, LP identifies “Shares of United States Natural Gas Fund, LP” as the class of securities registered under Section 12(b) of the Exchange Act. The filings specify that the trading symbol is UNG and that the shares are listed on NYSE Arca, Inc. This confirms that UNG is an exchange-traded security rather than a privately offered product.
The fund also indicates in its filings whether it is an emerging growth company as defined under the Securities Act of 1933 and the Securities Exchange Act of 1934. In the provided 8-K filings, United States Natural Gas Fund, LP states that it is not an emerging growth company. This status affects certain reporting and disclosure accommodations that may be available to newer or smaller issuers.
Communications and disclosure practices
Each of the referenced Form 8-K filings contains a section titled “Regulation FD Disclosure” (Item 7.01). In this section, United States Natural Gas Fund, LP explains that it has issued its monthly account statement for a specific month-end and that the statement is provided as an exhibit to the Form 8-K. The fund also notes that the same information can be accessed through its own channels, and clarifies that the furnished information is not deemed filed under Section 18 of the Exchange Act unless specifically incorporated by reference.
The filings further include a standard set of check boxes indicating whether the Form 8-K is intended to satisfy various communication provisions, such as written communications under Rule 425, soliciting material under Rule 14a-12, and certain pre-commencement communications under the Exchange Act. In the provided filings, United States Natural Gas Fund, LP indicates that these boxes are not selected, signaling that the 8-Ks are focused on Regulation FD disclosure of monthly account statements rather than on merger communications or proxy solicitation materials.
Business context
While the detailed investment strategy and portfolio composition of United States Natural Gas Fund, LP are not described in the provided excerpts, its name, exchange listing, and regulatory classification indicate that it operates as a commodity-related fund with a focus on natural gas. Investors and analysts often look to such funds for exposure to commodity price movements through an exchange-traded security. The fund’s recurring monthly account statements, furnished via Form 8-K, are a central source of information about its financial performance and net asset value changes.
According to the provided filings, United States Natural Gas Fund, LP is based in California, with its principal offices located in Walnut Creek, California. This geographic information appears in the heading section of the Form 8-K, which lists the city and state associated with the registrant.
Use of SEC and commodity disclosures
For investors researching UNG, the fund’s SEC filings and commodity-related disclosures are important tools. The Form 8-K reports that furnish monthly account statements under Rule 4.22 of the Commodity Exchange Act provide a recurring snapshot of income, loss, and net asset value changes. In addition, other SEC filings, such as annual and quarterly reports and registration statements, can offer further detail on the fund’s objectives, risks, and operations.
Because United States Natural Gas Fund, LP operates at the intersection of securities and commodities regulation, its disclosures reference both the Securities Exchange Act of 1934 and the Commodity Exchange Act. This dual framework shapes the type and frequency of information that the fund provides to the market and helps investors understand the regulatory environment in which UNG operates.
Stock Performance
United States Natural Gas (UNG) stock last traded at $12.39, down 1.28% from the previous close. Over the past 12 months, the stock has lost 41.5%. At a market capitalization of $149.7M, UNG is classified as a micro-cap stock with approximately 149.3M shares outstanding.
Latest News
SEC Filings
United States Natural Gas has filed 5 recent SEC filings, including 3 Form 8-K, 1 Form 10-K, 1 Form 424B3. The most recent filing was submitted on March 20, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all UNG SEC filings →
Financial Highlights
net income was $34.2M. The company generated $127.1M in operating cash flow.
Upcoming Events
Short Interest History
Short interest in United States Natural Gas (UNG) currently stands at 8.9 million shares, down 5.4% from the previous reporting period, representing 5.9% of the float. Over the past 12 months, short interest has increased by 42.4%.
Days to Cover History
Days to cover for United States Natural Gas (UNG) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.
UNG Company Profile & Sector Positioning
United States Natural Gas (UNG) operates in the Commodity Contracts Brokers & Dealers sector and is listed on the NYSE.