STOCK TITAN

United States Natural Gas Fund (UNG) nets $8,762,506 in March 2026

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

United States Natural Gas Fund, LP furnished its monthly account statement for the month ended March 31, 2026. The fund reported total income of $9,202,013, driven by commodity futures results, swap contract valuation changes, and investment income.

Total expenses were $439,507, resulting in net income of $8,762,506 for the month. Net asset value rose from $435,400,532 at the beginning of March to $443,841,134 at month-end. Net asset value per share was $11.70 based on 37,946,103 shares outstanding.

Positive

  • None.

Negative

  • None.
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.
Net income $8,762,506 For the month ended March 31, 2026
Total income $9,202,013 For the month ended March 31, 2026
Total expenses $439,507 For the month ended March 31, 2026
Net asset value end of month $443,841,134 As of March 31, 2026
Net asset value beginning of month $435,400,532 As of March 1, 2026
Net asset value per share $11.70 37,946,103 shares as of March 31, 2026
Additions $77,629,018 6,400,000 shares added during March 2026
Withdrawals $(77,950,922) 6,300,000 shares withdrawn during March 2026
Statement of Income (Loss) financial
"Statement of Income (Loss) | | | ----------------------------------- Income"
Statement of Changes in Net Asset Value financial
"Statement of Changes in Net Asset Value | | | | Net Asset Value Beginning"
Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures | | $ | 5,180,340"
Swap Contracts financial
"Realized Gain (Loss) on Swap Contracts | | | (23,678,615 | )"
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure. On April 29, 2026, United States"
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.
Rule 4.22 regulatory
"as required pursuant to Rule 4.22 under the Commodity Exchange Act."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did United States Natural Gas Fund (UNG) perform in March 2026?

United States Natural Gas Fund generated net income of $8,762,506 in March 2026. This came from trading gains and losses on futures and swaps plus dividend, interest, and fee income, after deducting operating expenses of $439,507 for the month.

What was UNG’s net asset value at March 31, 2026?

At March 31, 2026, United States Natural Gas Fund reported net asset value of $443,841,134. This compares to a beginning-of-month net asset value of $435,400,532, reflecting net income and the impact of share creations and redemptions during March.

What was United States Natural Gas Fund’s NAV per share in March 2026?

For March 31, 2026, United States Natural Gas Fund reported net asset value per share of $11.70. This figure is based on 37,946,103 shares outstanding at month-end and reflects the fund’s total net assets divided by shares.

How much income and expense did UNG record for March 2026?

United States Natural Gas Fund recorded total income of $9,202,013 and total expenses of $439,507 for March 2026. Income sources included futures and swap results, dividend income, interest income, and ETF transaction fees, while expenses were mainly management and professional fees.

How did creations and redemptions affect UNG in March 2026?

During March 2026, United States Natural Gas Fund recorded $77,629,018 of additions from 6,400,000 shares and $(77,950,922) of withdrawals from 6,300,000 shares. These capital flows, combined with net income, determined the change in total net asset value.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): April 29, 2026

 

UNITED STATES NATURAL GAS FUND, LP 

(Exact name of registrant as specified in its charter)

 

Delaware 001-33096 20-5576760
(State or other jurisdiction
of incorporation)
(Commission File Number) (I.R.S. Employer
Identification No.)

 

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, California 94596

(510) 522-9600 (Address of principal executive offices) (Zip Code) 
Registrant’s telephone number,    
including area code    

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered:
Shares of United States Natural Gas Fund, LP   UNG   NYSE Arca, Inc.

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On April 29, 2026, United States Natural Gas Fund, LP (the “Registrant”) issued its monthly account statement for the month ended March 31, 2026, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.uscfinvestments.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1

 

 

 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES NATURAL GAS FUND, LP
   
  By: United States Commodity Funds LLC, its general partner
     
Date:     April 29, 2026 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

  

 

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2026

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $5,180,340 
Realized Gain (Loss) on Swap Contracts   (23,678,615)
Unrealized Gain (Loss) on Market Value of Commodity Futures   1,120,029 
Unrealized gain (loss) on Fair Value of Swap Contracts   25,286,783 
Dividend Income   923,391 
Interest Income   362,035 
ETF Transaction Fees   8,050 
Total Income (Loss)  $9,202,013 
      
Expenses     
General Partner Management Fees  $239,127 
Professional Fees   96,509 
Brokerage Commissions   86,147 
Directors' Fees and insurance   11,746 
License fees   5,978 
Total Expenses  $439,507 
Net Income (Loss)  $8,762,506 
      
Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 3/1/26  $435,400,532 
Additions (6,400,000 Shares)   77,629,018 
Withdrawals (6,300,000 Shares)   (77,950,922)
Net Income (Loss)   8,762,506 
      
Net Asset Value End of Month  $443,841,134 
Net Asset Value Per Share (37,946,103 Shares)  $11.70 

 

To the Limited Partners of United States Natural Gas Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended March 31, 2026 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596

 

 

 

Filing Exhibits & Attachments

4 documents