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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 (UGA) reported its monthly results for the period ended July 31, 2026. The fund generated net income of $16.7 million, driven by a realized trading gain on gasoline-related commodity futures, partly offset by an unrealized loss on the market value of those futures.
Total income was $16.8 million, including dividend and interest income and ETF transaction fees, against relatively low total expenses of $110,135. Net asset value (NAV) increased from $107.7 million at July 1 to $141.0 million at month-end, reflecting additions, withdrawals and income, with month-end NAV per share of $117.52 on 1,200,000 shares outstanding.
United States Gasoline Fund, LP (UGA) is a Delaware commodity pool whose objective is for daily percentage changes in its NAV to track NYMEX RBOB gasoline “Benchmark Futures Contract” prices over 30-day periods, plus interest on collateral, less expenses.
For the six months ended June 30, 2026, UGA generated net income of $55.9 million, reversing a prior-year loss, as realized gains on closed gasoline futures were $52.2 million and unrealized gains added $2.3 million. NAV per share rose from $61.77 to $102.56, a 66.04% total return, compared with a 68.80% rise in the Benchmark Futures Contract, resulting in slight outperformance versus a hypothetical exact tracker.
Total assets were $107.9 million, including 886 NYMEX RBOB gasoline futures with $104.7 million notional and $3.0 million unrealized gains, and $78.1 million in government money market funds used as collateral. Expenses remained modest: a 0.60% annual management fee on average net assets, licensing and professional fees, and broker commissions annualized at about 0.07% of average net assets. The fund highlights risks from futures market volatility, contango/backwardation, derivatives leverage, credit exposure to FCMs and custodians, and regulatory position limits.
United States Gasoline Fund, LP reported a net loss of $2,181,560 for the month ended June 30, 2026. Results reflected a realized trading loss of $26,158,479 on gasoline futures, partly offset by a $23,759,066 unrealized gain, plus dividend and interest income.
Total expenses were $97,858, led by general partner management fees and professional fees. Net asset value decreased from $125,741,686 on June 1, 2026 to $107,685,563 at month-end after $15,874,563 in withdrawals of 150,000 shares, ending with 1,050,000 shares outstanding at $102.56 per share.
United States Gasoline Fund, LP furnished its monthly account statement for the month ended May 31, 2026, showing detailed trading results and changes in net asset value. The fund recorded a net loss of $18,128,357, driven by a realized trading gain on commodity futures of $22,499,660 and an unrealized loss on the market value of commodity futures of $40,915,530. Total income (loss) was $(18,012,995) and expenses were modest at $115,362, mainly management and professional fees, resulting in the reported net loss.
Net asset value began the month at $137,632,255. Investor activity included additions of 150,000 shares contributing $17,369,228 and withdrawals of 100,000 shares totaling $11,131,440. After reflecting the net loss, ending net asset value was $125,741,686, with 1,200,000 shares outstanding and a net asset value per share of $104.78. The statement was provided under Regulation FD as an informational update and is also available on the fund’s website.
United States Gasoline Fund, LP reported net income of $18,014,427 for the month ended April 30, 2026. Total income was $18,109,220, driven largely by an unrealized gain on commodity futures of $14,743,272 and a realized trading gain of $3,006,356.
Expenses were relatively low at $94,793, mainly from management and professional fees. Net asset value (NAV) declined from $149,984,062 at April 1 to $137,632,255 at April 30, reflecting net withdrawals of $30,366,234. NAV per share at month-end was $119.68 based on 1,150,000 shares.
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.