May 2026 net loss reduces NAV for United States Gasoline Fund (NYSE: UGA)
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 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.
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 commodity futures: $22,499,660
Unrealized loss on market value of commodity futures: $40,915,530
Total income (loss): $(18,012,995)
+5 more
8 metrics
Realized trading gain on commodity futures
$22,499,660
Month ended May 31, 2026
Unrealized loss on market value of commodity futures
$40,915,530
Month ended May 31, 2026
Total income (loss)
$(18,012,995)
Month ended May 31, 2026
Total expenses
$115,362
Management, professional, brokerage and other fees for May 2026
Net loss
$(18,128,357)
Month ended May 31, 2026
Beginning net asset value
$137,632,255
Net asset value at 5/1/26
Ending net asset value
$125,741,686
Net asset value at 5/31/26
Net asset value per share
$104.78
Based on 1,200,000 shares at May 31, 2026
Key Terms
Regulation FD Disclosure, Statement of Income (Loss), Statement of Changes in Net Asset Value, Net Asset Value, +1 more
5 terms
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure. On June 29, 2026, United States Gasoline Fund, LP..."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Statement of Income (Loss) financial
"issued its monthly account statement...in the form of a Statement of Income (Loss)..."
Statement of Changes in Net Asset Value financial
"and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22..."
Net Asset Value financial
"Net Asset Value End of Month | | $ | 125,741,686 | Net Asset Value Per Share..."
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 under the Commodity Exchange Act regulatory
"as required pursuant to Rule 4.22 under the Commodity Exchange Act."
FAQ
What was United States Gasoline Fund (UGA) net income for May 2026?
United States Gasoline Fund reported a net loss of $18,128,357 for May 2026. This reflects trading results on gasoline futures, dividend and interest income, less management, brokerage, and other operating expenses disclosed in the monthly account statement.
How did UGA’s net asset value change during May 2026?
Net asset value declined from $137,632,255 at May 1, 2026 to $125,741,686 at month-end. The change reflects additions and withdrawals of capital plus the reported monthly net loss from trading and operating activities.
What were the key trading results for UGA in May 2026?
The fund recorded 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. Together with dividend, interest income, and fees, this produced a total income (loss) of $(18,012,995).
How much new capital flowed into and out of UGA in May 2026?
During May 2026, UGA reported additions of 150,000 shares totaling $17,369,228 and withdrawals of 100,000 shares totaling $11,131,440. These capital movements, combined with the net loss, determined the ending net asset value.
Under what rule was UGA’s May 2026 account statement provided?
The monthly account statement for May 31, 2026 was provided pursuant to Rule 4.22 under the Commodity Exchange Act. It was furnished in an 8-K under Regulation FD and is also available on the fund’s website.