Every 10-Q that United States Natural Gas Fund, LP Unit (UNG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UNG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UNG filings page.
United States Natural Gas Fund (UNG) reported partners’ capital of $417,699,524 and total assets of $421,672,309 as of June 30, 2026, with 35,446,103 limited partner shares outstanding. Net asset value per share was $11.78 versus a market price of $11.72.
For the six months ended June 30, 2026, UNG recorded net income of $125,087,146, driven mainly by $118,609,712 of realized gains on natural gas futures and a $6,650,612 increase in unrealized gains, partly offset by $5,164,131 of realized swap losses. Total expenses were $2,953,492, including $1,457,780 of management fees. The fund’s per-share total return was -3.44%, compared with an approximate -11.15% decline in its Benchmark Futures Contract, which the sponsor calculates as 0.80 percentage points of outperformance. About $240,250,000 (57.52% of partners’ capital) was held in government money market funds, while NYMEX natural gas futures notional exposure was $298,796,674 and OTC swap notional exposure $111,363,746, all subject to the derivatives, market, interest-rate and regulatory risks described.
United States Natural Gas Fund (UNG) reported Q1 2026 net income of $109.7M, down from $208.8M a year earlier, as trading gains on futures and swaps declined. Total assets fell to $453.7M from $579.5M at year-end, with partners’ capital at $443.8M.
UNG’s net asset value per share slipped from $12.20 to $11.70, a 4.10% total return for the quarter, while the Benchmark Futures Contract for natural gas fell about 21.76%. The fund held 11,542 NYMEX natural gas futures contracts and $315.95M in government money market funds, and continued to track its benchmark closely over 30-day and long-term periods.
United States Natural Gas Fund, LP (UNG) filed its Q3 2025 report, reflecting commodity-driven volatility. UNG recorded a net loss of $55,875,975 for the quarter, while net income for the nine months was $30,524,943. Limited partners’ shares outstanding were 48,146,103 and NAV per share was $12.97 (market price $13.07) at September 30, 2025.
Total assets were $650,650,435, including cash and cash equivalents of $483,345,718 and money market funds of $305,950,000. UNG held 15,138 NYMEX natural gas futures contracts with an unrealized gain of $1,086,363 and open OTC swaps with a small unrealized loss. Operating cash flow was $92,856,069; financing cash flow reflected net redemptions.
Management reiterates that UNG seeks daily percentage moves aligned with the near-month NYMEX natural gas futures, not spot gas or multi-day targets. For the nine months, the Benchmark Futures Contract declined about 9.08%, while UNG’s total return was (23.03)%, influenced by futures term structure. UNG noted it exceeded NYMEX accountability levels during the period (peak 16,693 contracts); no exchange action was taken and no position reductions were required.