Welcome to our dedicated page for United States Gasoline Fund, LP SEC filings (Ticker: UGA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
United States Gasoline Fund, LP filings document the regulatory reporting of a commodity fund whose shares trade on NYSE Arca under UGA. Its Form 8-K reports furnish monthly account statements required under Rule 4.22 of the Commodity Exchange Act, including statements of income or loss and changes in net asset value.
The filing record also covers annual financial statements, commodity-futures trading gains and losses, share registration and listing information, and audited statements of financial condition for United States Commodity Funds LLC, the fund's general partner. These disclosures frame the fund's NAV mechanics, capital structure, governance relationships, and recurring commodity-fund reporting obligations.
United States Gasoline Fund, LP filed a Post-Effective Amendment No. 1 to its Form S-3 registration statement (Registration No. 333-268248) on May 14, 2026. The amendment is filed under Rule 462(d) and states it adds exhibits to the existing registration statement and will become effective upon filing. The amendment does not change other parts of the registration statement and incorporates the registration statement by reference. The prospectus timing is "as soon as practicable after this registration statement becomes effective."
United States Gasoline Fund, LP reports a sharp rebound in Q1 2026, reflecting a strong rally in gasoline futures. Total assets rose to $150.2 million from $77.5 million at year-end, while limited partners’ capital nearly doubled to $150.0 million.
The fund generated net income of $58.2 million for the three months ended March 31, 2026, up from $2.1 million a year earlier, driven mainly by $52.9 million of realized and $4.7 million of unrealized gains on gasoline futures. Net asset value per share increased from $61.77 to $103.44, a 67.46% total return, while the gasoline Benchmark Futures Contract rose about 86.82%.
UGA held 1,115 NYMEX RBOB gasoline futures contracts at March 31, 2026 and invested $89.5 million in government money market funds as collateral and liquidity. Operating cash flows were $53.3 million, and net creations exceeded redemptions, lifting shares outstanding to 1,450,000.
United States Gasoline Fund, LP furnished its monthly account statement for the month ended March 31, 2026. The fund reported net income of $44,125,939, driven mainly by a realized trading gain on gasoline futures of $44,855,735 and modest unrealized losses.
Net asset value increased from $105,327,587 at the beginning of March to $149,984,062 at month-end. Net asset value per share was $103.44 based on 1,450,000 shares. During the month, investors added and withdrew 150,000 shares each, with additions of $15,476,963 and withdrawals of $14,946,427.
United States Gasoline Fund, LP registered a continuous offering of its exchange-traded shares under the 1933 Act, with a prospectus dated April 24, 2026. UGA’s objective is to track daily percentage changes in the spot price of gasoline via a specified short‑term Benchmark Futures Contract, plus interest on collateral, less expenses. The prospectus discloses a breakeven illustrative NAV of $72.64 per share as of February 28, 2026, annual management fee of 0.60% and total annual operating expenses of 1.08%. The fund warns of material risks including correlation risk, contango/backwardation effects, position and accountability limits, OTC counterparty credit risk, tax complexity for partners, potential suspension or limitation of creations/redemptions, and that UGA is not regulated as an investment company under the 1940 Act.
United States Gasoline Fund, LP reported a net loss of $3.9 million for the year ended December 31, 2025, compared with net income of $5.6 million in 2024. The loss was driven mainly by negative realized and unrealized results on gasoline futures, partially offset by dividend and interest income.
Total assets declined to $77.5 million from $101.0 million as partners’ capital fell to $77.2 million, reflecting net redemptions and the annual loss. Limited partners’ shares outstanding decreased from 1,600,000 to 1,250,000, while net asset value per share edged down from $62.94 to $61.77, producing a total return of -1.86% for 2025.
The fund continued to pursue its objective of tracking daily percentage changes in the gasoline Benchmark Futures Contract, holding 1,072 NYMEX RBOB gasoline futures contracts at year-end 2025 and investing surplus cash primarily in U.S. government money market funds. The independent auditor issued unqualified opinions on both the financial statements and internal control over financial reporting.
United States Gasoline Fund, LP furnished its monthly account statement for the month ended February 28, 2026. The fund generated net income of $5,084,513, driven by realized trading gains on gasoline futures of $4,131,591 and unrealized gains of $771,359, plus dividend and interest income.
Total income was $5,157,736 against relatively modest expenses of $73,223, primarily management and professional fees. Net asset value rose from $86,241,075 at the beginning of the month to $105,327,587 at month-end, reflecting additions of $17,400,522 and withdrawals of $3,398,523. Net asset value per share was $72.64 based on 1,450,000 shares.
United States Gasoline Fund, LP furnished an 8‑K that includes the audited statements of financial condition of its general partner, United States Commodity Funds LLC, as of December 31, 2025 and 2024. USCF reported total assets of $6.7 million and member’s equity of $5.1 million at year-end 2025, slightly below 2024 levels. Assets are mainly cash, cash equivalents, and investments in money market funds and other equities, with modest lease-related right‑of‑use assets and deferred tax assets. The audit opinion from BPM LLP is unqualified and highlights a critical audit matter on evaluating legal loss contingencies. Extensive notes describe ongoing securities and derivative litigation involving United States Oil Fund, prior SEC and CFTC cease‑and‑desist orders with $2.5 million in civil penalties, and that no additional accruals have been recorded, though adverse outcomes could materially affect USCF’s financial condition. The notes also outline USCF’s management fee arrangements with eight commodity funds, fair value hierarchy for investments, tax and lease accounting, and subsequent dividends of $450,000 and $400,000 paid to its parent in early 2026.
United States Gasoline Fund, LP (UGA) is a Delaware commodity pool whose shares trade on NYSE Arca and seek to match, in percentage terms, daily movements of a gasoline futures benchmark plus interest on collateral, minus expenses.
UGA gains exposure primarily through NYMEX RBOB gasoline futures and related petroleum futures, supported by Treasuries, cash and cash equivalents held for margin and collateral. The fund uses a rules-based rolling strategy and targets its 30-day average NAV change to be within 10% of the benchmark’s 30-day average move.
UGA charges a 0.60% annual management fee on average daily net assets, plus brokerage, exchange and other operating costs, and reported 1,400,000 outstanding shares as of February 23, 2026, with non‑affiliate market value of $72,334,047 as of June 30, 2025.
United States Gasoline Fund, LP released its monthly account statement for the month ended January 31, 2026. The fund generated net income of $9,027,829, driven mainly by realized trading gains on gasoline futures of $3,869,951 and unrealized gains on futures of $4,991,117, plus dividend and interest income.
Net asset value increased from $77,213,246 at the beginning of January to $86,241,075 at month-end. Based on 1,250,000 shares outstanding, net asset value per share was $68.99. Reported expenses for the month totaled $71,797, including management, professional, brokerage, and other fees.
United States Gasoline Fund, LP furnished an update by releasing its monthly account statement for the month ended December 31, 2025. The statement, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value under Commodity Exchange Act rules, is attached as Exhibit 99.1 and available on the fund’s website. The information is being furnished under Regulation FD and is not treated as filed for liability purposes under the Exchange Act.