United States Natural Gas Fund, LP furnished an update to investors by issuing its monthly account statement for the month ended October 31, 2025. The statement, prepared as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value under Commodity Exchange Act Rule 4.22, provides a snapshot of the fund’s recent performance and changes in value. The report is attached as Exhibit 99.1 and is also available on the fund’s website at uscfinvestments.com. The information is being furnished rather than filed, meaning it is not subject to certain Exchange Act liability provisions or automatically incorporated into other securities filings.
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.
United States Natural Gas Fund, LP (UNG) furnished a Form 8-K under Item 7.01 (Regulation FD) announcing its monthly account statement for the month ended September 30, 2025.
The update, provided as Exhibit 99.1, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value pursuant to CEA Rule 4.22. The information is furnished, not filed, and may also be accessed on the company’s website. The 8-K specifies that the furnished information is not subject to Section 18 liability and is not incorporated by reference unless expressly stated.
United States Natural Gas Fund, LP filed a current report to share its monthly account statement for the month ended August 31, 2025. The statement, issued on September 29, 2025, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required under Commodity Exchange Act Rule 4.22.
The monthly account statement is furnished as Exhibit 99.1 and is also available on the sponsor’s website at www.uscfinvestments.com. The information is furnished under Regulation FD and is not treated as filed for liability purposes under Section 18 of the Securities Exchange Act of 1934 or automatically incorporated into other securities filings.