United States 12 Month Natural Gas Fund, LP filings document recurring commodity-fund disclosures for UNL, including Form 8-K reports that furnish monthly account statements under Commodity Exchange Act Rule 4.22. These statements present fund income or loss and changes in net asset value, alongside annual financial statements and exchange-listed share information for securities traded on NYSE Arca.
The filing record also includes disclosures related to United States Commodity Funds LLC, the fund's general partner, including audited statements of financial condition. UNL's regulatory documents center on fund financial reporting, NAV changes, capital structure, listing status, governance, and formal Regulation FD exhibits.
United States 12 Month Natural Gas Fund (UNL) reported a net loss of $263,133 for the month ended August 31, 2026. Realized losses on commodity futures were $454,943, while unrealized gains on futures were $172,903; dividend income was $41,225 and interest income was $7,371. Total income (loss) was negative $233,094, and expenses were $30,039.
Net asset value was $16,160,523 at the beginning of the month and $16,479,925 at month-end. The statement lists additions of $582,535 for 100,000 shares. Net asset value per share was $5.89, based on 2,800,000 shares.
United States 12 Month Natural Gas Fund, LP (UNL) disclosed that The Marygold Companies, Inc. (TMC), the sole shareholder of USCF Investments, Inc., has a definitive agreement with Madison Dearborn Partners for TMC to become privately held in an all-cash transaction. USCF Investments is the holding company and sole member of United States Commodity Funds LLC, UNL’s general partner. The transaction is expected to close during the first half of 2027 or earlier, subject to customary closing conditions, including TMC stockholder approval, regulatory approvals and certain change-of-control approvals.
If completed, TMC’s common stock will no longer be listed on the New York Stock Exchange. TMC and Madison Dearborn have indicated that, after closing and at the appropriate time, their leaders will execute TMC’s previously announced transformation strategy to refocus USCF’s business. The transaction is not guaranteed to close within the expected time frame or at all.
United States 12 Month Natural Gas Fund, LP (UNL) reported a net loss for the month ended July 31, 2026 and furnished its monthly account statement under Rule 4.22 of the Commodity Exchange Act. Total income was a loss of $1,145,173, driven by a $404,290 realized trading loss and a $790,651 unrealized loss on commodity futures. Dividend income of $44,190 and interest income of $5,578 partially offset these losses.
Total expenses were $30,230, mainly from management and professional fees, resulting in a net loss of $1,175,403 for the month. Net asset value (NAV) decreased from $17,335,926 at the beginning of July to $16,160,523 at month-end, with NAV per share at $5.99 based on 2,700,000 shares.
United States 12 Month Natural Gas Fund is a commodity pool that seeks to track the average price of 12 consecutive NYMEX natural gas futures contracts plus collateral interest, less expenses. As of June 30, 2026 it had $17.4 million in total assets and 2,700,000 shares outstanding, with NAV per share of $6.42 versus $7.34 at December 31, 2025.
For the six months ended June 30, 2026 UNL recorded a net loss of $1.77 million, compared with net income of $1.80 million in the prior-year period. Results were driven by a realized loss of $2.38 million on closed natural gas futures, partly offset by a $0.47 million improvement in unrealized gains and $0.29 million of dividend and interest income. Total expenses were $0.15 million.
The fund held 510 long NYMEX natural gas futures with notional value of $18.9 million and an aggregate unrealized loss of $1.60 million, while keeping about $14.5 million in government money market funds as collateral and liquidity. Management reports that over both recent 30‑day and long-term periods, NAV changes have remained within its stated tracking range relative to the benchmark futures strip.
United States 12 Month Natural Gas Fund reported a net loss of $480,860 for June 2026. Results included a realized trading loss on commodity futures of $398,305 and an unrealized loss on the market value of commodity futures of $104,704, partly offset by dividend income of $43,057 and interest income of $8,529. Total expenses were $29,787, including general partner management fees of $8,829 and professional fees of $19,617.
Net asset value decreased from $18,459,672 at the beginning of June 2026 to $17,335,926 at month-end, reflecting $642,886 of withdrawals associated with 100,000 shares and the monthly net loss. Net asset value per share was $6.42, based on 2,700,000 shares used in the calculation.
United States 12 Month Natural Gas Fund reported its monthly results for May 2026, showing net income of $253,265. Total income of $283,226 reflected a $666,857 unrealized gain on commodity futures, which more than offset a $432,488 realized trading loss, plus dividend and interest income.
Total expenses were modest at $29,961, led by professional fees and management fees. Net asset value increased from $15,959,328 at the start of the month to $18,459,672 at month end, helped by $2,900,865 of additions and limited withdrawals. Net asset value per share was $6.59 based on 2,800,000 shares.
United States 12 Month Natural Gas Fund, LP furnished its monthly account statement for the month ended April 30, 2026. The fund recorded a net loss of $877,686, driven mainly by a realized trading loss on commodity futures of $371,622 and an unrealized loss of $528,218.
Total income was a loss of $854,388, partially offset by dividend income of $35,393 and interest income of $9,359, against expenses of $23,298. Net asset value was $15,524,903 at the start of April, saw additions of $1,312,111 from 200,000 new shares, and ended the month at $15,959,328.
With 2,450,000 shares outstanding, net asset value per share was $6.51 at month-end. The statement is provided under Regulation FD and Rule 4.22 of the Commodity Exchange Act and is also available on the sponsor’s website.
United States 12 Month Natural Gas Fund, LP filed Post-Effective Amendment No. 6 to its Form S-1 under Rule 462(d) on May 14, 2026 to add exhibits to the registration statement (File No. 333-263572). The amendment consists of a facing page, an explanatory note and Part II listing exhibits and related undertakings.
The filing lists estimated issuance expenses including Legal fees $20,000, Auditor’s fees $1, and a Total labeled as $1. It confirms indemnification provisions for officers, directors and other covered persons and incorporates prior filings and exhibits by reference.
United States 12 Month Natural Gas Fund, LP reported a net loss of $660,149 for the three months ended March 31, 2026, reversing net income of $4,184,874 a year earlier. The loss came mainly from a realized loss of $1,181,469 on closed natural gas futures, partly offset by a $438,130 improvement in unrealized positions and $147,240 of dividend and interest income.
Net asset value per share fell from $7.34 at year-end to $6.90, a total return of (5.99)% in the quarter. Total assets declined to $15.6 million with 2,250,000 limited partner shares outstanding. The fund held 431 NYMEX natural gas futures contracts with aggregate notional value of $17.2 million and $12.0 million in government money market funds as collateral and liquidity.
United States 12 Month Natural Gas Fund, LP furnished its monthly account statement for the month ended March 31, 2026. The fund recorded net income of $103,477, driven by an unrealized gain on commodity futures, dividend income, and interest income, partly offset by a realized trading loss.
Net asset value was $15,421,426 at the beginning of March and increased to $15,524,903 at month-end. Based on 2,250,000 shares, net asset value per share was $6.90. The statement was provided under Regulation FD and Rule 4.22 of the Commodity Exchange Act.