United States Gasoline Fund earns $16.7M in July
United States Gasoline Fund, LP (UGA) reported its monthly results for the period ended July 31, 2026.
Rhea-AI Filing Summary
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.
Positive
- Strong monthly profitability and NAV growth: Net income of $16.7 million and an increase in net asset value from $107.7 million to $141.0 million over July 2026 indicate a materially positive performance for the period.
Negative
- None.
Filing Explained
The August 28, 2026 8-K furnishes UGA’s July 31 monthly account statement; the company says the report and Exhibit 99.1 are not deemed filed for Section 18 liability or incorporated by reference unless expressly stated.
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, or exhibit attachments filed with this report.
Key Figures
Realized Trading Gain on Commodity Futures: $22,706,206
Unrealized Loss on Market Value of Commodity Futures: $6,291,724
Total Income (Loss): $16,792,559
+5 more
8 metrics
Realized Trading Gain on Commodity Futures
$22,706,206
Income for the month ended July 31, 2026
Unrealized Loss on Market Value of Commodity Futures
$6,291,724
Loss component of income for July 2026
Total Income (Loss)
$16,792,559
Total income for the month ended July 31, 2026
Total Expenses
$110,135
Expenses for the month ended July 31, 2026
Net Income (Loss)
$16,682,424
Net income for the month ended July 31, 2026
Net Asset Value Beginning of Month 7/1/26
$107,685,563
NAV at July 1, 2026
Net Asset Value End of Month
$141,027,806
NAV at July 31, 2026
Net Asset Value Per Share (1,200,000 Shares)
$117.52
NAV per share at July 31, 2026
Key Terms
Realized Trading Gain (Loss) on Commodity Futures, Unrealized Gain (Loss) on Market Value of Commodity Futures, Net Asset Value, ETF Transaction Fees, +1 more
5 terms
Realized Trading Gain (Loss) on Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures | | $ | 22,706,206"
Unrealized Gain (Loss) on Market Value of Commodity Futures financial
"Unrealized Gain (Loss) on Market Value of Commodity Futures | | | (6,291,724"
Net Asset Value financial
"Statement of Changes in Net Asset Value | | |"
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.
ETF Transaction Fees financial
"ETF Transaction Fees | | | 2,450 |"
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.
FAQ
How did United States Gasoline Fund (UGA) perform in July 2026?
UGA reported net income of $16,682,424 for the month ended July 31, 2026. Total income was $16,792,559, mainly from realized trading gains on commodity futures, and total expenses were $110,135, resulting in a strong positive monthly result.
What were the main income components for UGA in July 2026?
For July 2026, UGA’s income included a $22,706,206 realized trading gain on commodity futures, an unrealized loss of $6,291,724 on futures, $272,430 of dividend income, $103,197 of interest income, and $2,450 of ETF transaction fees.
How high were UGA’s expenses for the month ended July 31, 2026?
Total expenses for UGA in July 2026 were $110,135, including $65,506 of general partner management fees, $33,931 of professional fees, $6,966 of brokerage commissions, $2,095 of directors' fees and insurance, and $1,637 of license fees.
What changes occurred in UGA’s capital during July 2026?
During July 2026, UGA recorded capital additions of $28,831,742 associated with 250,000 shares and withdrawals of $12,171,923 associated with 100,000 shares. These movements, combined with net income, led to the month-end NAV of $141,027,806.
AI-generated analysis. How Rhea-AI works. Not financial advice.
