United States Gasoline Fund (NYSE: UGA) logs $44.1M March profit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Realized trading gain on futures: $44,855,735
Unrealized futures loss: $1,021,969
Total income: $44,222,612
+5 more
8 metrics
Realized trading gain on futures
$44,855,735
Realized trading gain (loss) on commodity futures for March 2026
Unrealized futures loss
$1,021,969
Unrealized loss on market value of commodity futures for March 2026
Total income
$44,222,612
Total income (loss) for the month ended March 31, 2026
Total expenses
$96,673
Fund expenses for March 2026
Net income
$44,125,939
Net income (loss) for the month ended March 31, 2026
Beginning net asset value
$105,327,587
Net asset value at beginning of month 3/1/26
Ending net asset value
$149,984,062
Net asset value at end of month March 31, 2026
Net asset value per share
$103.44
NAV per share at March 31, 2026, based on 1,450,000 shares
Key Terms
Commodity Exchange Act, Realized Trading Gain (Loss) on Commodity Futures, Unrealized Gain (Loss) on Market Value of Commodity Futures, Net Asset Value, +2 more
6 terms
Commodity Exchange Act regulatory
"as required pursuant to Rule 4.22 under the Commodity Exchange Act"
A federal law that creates the rulebook for trading commodity futures and options, setting standards to prevent market manipulation, fraud, and unfair practices. It matters to investors because those rules and the government oversight that enforces them help keep prices honest, ensure transparent reporting, and reduce the risk that markets will be distorted — similar to traffic laws that make driving safer and more predictable.
Realized Trading Gain (Loss) on Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures | | $ | 44,855,735"
Unrealized Gain (Loss) on Market Value of Commodity Futures financial
"Unrealized Gain (Loss) on Market Value of Commodity Futures | | | (1,021,969"
Net Asset Value financial
"Net Asset Value End of Month | | $ | 149,984,062"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
Rule 4.22(h) regulatory
"Pursuant to Rule 4.22(h) under the Commodity Exchange Act"
monthly account statement financial
"issued its monthly account statement for the month ended March 31, 2026"
FAQ
What net income did UGA report for March 2026?
United States Gasoline Fund reported net income of $44,125,939 for March 2026. This result mainly reflects a large realized trading gain on gasoline futures, partly offset by a small unrealized loss and relatively low operating expenses.
How did UGA’s net asset value change in March 2026?
Net asset value rose to $149,984,062 by March 31, 2026. It started the month at $105,327,587, with the increase largely driven by strong trading results in gasoline futures and modest net capital activity from share creations and redemptions.
How much trading gain or loss did UGA generate on gasoline futures in March 2026?
The fund recorded a realized trading gain on commodity futures of $44,855,735 in March 2026. It also reported an unrealized loss on the market value of those futures of $1,021,969, resulting in a substantial net contribution to total income.
What were UGA’s operating expenses for March 2026?
Total expenses for March 2026 were $96,673 for United States Gasoline Fund. These included general partner management fees, professional fees, brokerage commissions, directors’ fees and insurance, and license fees, which were small relative to the month’s income.
How much capital flowed into and out of UGA in March 2026?
The fund recorded additions of $15,476,963 from 150,000 new shares and withdrawals of $14,946,427 from 150,000 redeemed shares. Overall, capital flows were nearly balanced, so performance rather than net creations or redemptions drove NAV changes.