STOCK TITAN

US Natural Gas Fund posts $67.8M July loss

United States Natural Gas Fund, LP (UNG) furnished its monthly account statement for the month ended July 31, 2026, including a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, under Rule 4.22 of the Commodity Exchange Act.

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

United States Natural Gas Fund, LP (UNG) furnished its monthly account statement for the month ended July 31, 2026, including a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, under Rule 4.22 of the Commodity Exchange Act.

For July 2026, the fund reported a net loss of $67,829,017, driven mainly by realized and unrealized losses on commodity futures and swap contracts. Net asset value was $417,699,524 at the beginning of the month and $475,982,222 at month-end, reflecting $161,028,412 of additions and $34,916,697 of withdrawals. Net asset value per share at July 31, 2026 was $10.01 based on 47,546,103 shares.

Positive

  • None.

Negative

  • None.

Filing Explained

The August 28 Form 8-K furnishes UNG’s July 31 monthly account statement under Rule 4.22, while stating that the information is not deemed “filed” for Section 18 liability purposes.

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.
Net Income (Loss) $(67,829,017) For the month ended July 31, 2026
Total Income (Loss) $(67,356,537) For the month ended July 31, 2026
Total Expenses $472,480 For the month ended July 31, 2026
Net Asset Value Beginning of Month $417,699,524 Net asset value at 7/1/26
Net Asset Value End of Month $475,982,222 Net asset value at 7/31/26
Additions $161,028,412 15,400,000 shares added during July 2026
Withdrawals $(34,916,697) 3,300,000 shares withdrawn during July 2026
Net Asset Value Per Share $10.01 Calculated on 47,546,103 shares at July 31, 2026
Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures"
Swap Contracts financial
"Realized Gain (Loss) on Swap Contracts"
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 | | | 8,050"
Rule 4.22 regulatory
"as required pursuant to Rule 4.22 under the Commodity Exchange Act"

FAQ

What did UNG report as its net income (loss) for July 2026?

United States Natural Gas Fund, LP reported a net loss of $67,829,017 for the month ended July 31, 2026, based on its trading results in commodity futures and swap contracts, income from dividends and interest, and total expenses of $472,480.

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

United States Natural Gas Fund, LP reported a net asset value of $475,982,222 at July 31, 2026. Net asset value at the beginning of the month was $417,699,524, with changes driven by capital additions, withdrawals, and the monthly net loss.

What was UNG’s net asset value per share at July 31, 2026?

Net asset value per share for United States Natural Gas Fund, LP at July 31, 2026 was $10.01, calculated on 47,546,103 shares outstanding as stated in the monthly account statement.

How much new capital flowed into UNG during July 2026?

During July 2026, United States Natural Gas Fund, LP recorded $161,028,412 of additions corresponding to 15,400,000 shares and $34,916,697 of withdrawals corresponding to 3,300,000 shares.

What were UNG’s total expenses for July 2026?

United States Natural Gas Fund, LP reported total expenses of $472,480 for July 2026, consisting primarily of general partner management fees, professional fees, brokerage commissions, directors' fees and insurance, and license fees.

What were UNG’s total income (loss) components for July 2026?

For July 2026, United States Natural Gas Fund, LP reported total income (loss) of $(67,356,537), including realized and unrealized gains (losses) on commodity futures and swap contracts, $824,898 in dividend income, $390,363 in interest income, and $8,050 in ETF transaction fees.

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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): August 28, 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 August 28, 2026, United States Natural Gas Fund, LP (the “Registrant”) issued its monthly account statement for the month ended July 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: August 28, 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 July 31, 2026

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(29,847,160)
Realized Gain (Loss) on Swap Contracts   (16,937,630)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (21,795,936)
Unrealized Gain (Loss) on Fair Value of Swap Contracts   878 
Dividend Income   824,898 
Interest Income   390,363 
ETF Transaction Fees   8,050 
Total Income (Loss)  $(67,356,537)
      
Expenses     
General Partner Management Fees  $223,324 
Professional Fees   141,156 
Brokerage Commissions   96,245 
Directors' Fees and Insurance   6,172 
License Fees   5,583 
Total Expenses  $472,480 
Net Income (Loss)  $(67,829,017)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/26  $417,699,524 
Additions (15,400,000 Shares)   161,028,412 
Withdrawals (3,300,000 Shares)   (34,916,697)
Net Income (Loss)   (67,829,017)
      
Net Asset Value End of Month  $475,982,222 
Net Asset Value Per Share (47,546,103 Shares)  $10.01 

 

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 July 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