Every 8-K that United States 12 Month Natural Gas Fund, LP (UNL) 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 8-K covers material events a company has to report between its quarterly reports, so if you follow UNL 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 UNL filings page.
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 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 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.
United States 12 Month Natural Gas Fund, LP furnished its audited financial statements for the year ended December 31, 2025. The fund reported a net loss of $971,479 in 2025, compared with a net loss of $1,219,474 in 2024.
Total income from trading, dividends, interest and ETF transaction fees was a loss of $735,860, while expenses were $235,619, with no expense waivers in 2025. Net asset value per share declined from $8.12 to $7.34, producing a total return of (9.61)% for the year.
At December 31, 2025, total assets were $18,815,131 and partners’ capital was $18,710,529, with 2,550,000 limited partner shares outstanding and a market price of $7.38 per share. Open NYMEX natural gas futures positions had an unrealized loss of $2,070,955, while money market holdings totaled $8,000,000. The independent auditor issued an unqualified opinion that the financial statements present fairly, in all material respects, the fund’s financial position and results of operations.
United States 12 Month Natural Gas Fund, LP reported a sizable February 2026 loss and lower net asset value. For the month ended February 28, 2026, the fund recorded a net loss of $4,165,253, driven mainly by a realized trading loss on commodity futures of $409,914 and an unrealized loss on futures of $3,778,826.
Dividend income of $24,210, interest income of $18,212, and ETF transaction fees of $1,050 were not enough to offset these losses, leading to total income loss of $4,145,268. Operating expenses were relatively modest at $19,985, including management, professional, and brokerage fees.
The fund’s net asset value declined from $20,772,997 at the beginning of the month to $15,421,426 at month-end. During February, investors added $1,028,124 (150,000 shares) and withdrew $2,214,442 (300,000 shares). Net asset value per share at February 28, 2026 was $6.85 based on 2,250,000 shares outstanding.
United States 12 Month Natural Gas Fund, LP filed an 8-K furnishing the audited statements of financial condition of its general partner, United States Commodity Funds LLC (USCF), as of December 31, 2025 and 2024. USCF reported total assets of $6.7 million in 2025, down from $7.1 million in 2024, with cash and cash equivalents of $1.5 million and investments at fair value of $2.4 million, all classified as Level 1. Member’s equity was $5.1 million versus $5.3 million a year earlier.
The auditor issued an unqualified opinion and highlighted a critical audit matter related to loss contingencies from various legal proceedings and regulatory inquiries. USCF has not recorded accruals for these matters but discloses that an adverse outcome could materially adversely affect its financial condition, results of operations, and cash flows.
Notes describe a July 2024 extension of USCF’s Walnut Creek office lease through March 2028, with total future minimum lease payments of $433,837 and operating lease liabilities of $405,616. Subsequent events include dividends of $450,000 on February 9, 2026 and $400,000 on March 10, 2026 paid to USCF Investments, the parent of USCF.
United States 12 Month Natural Gas Fund, LP furnished an update to investors by issuing its monthly account statement for the month ended January 31, 2026. The statement, prepared as required under Rule 4.22 of the Commodity Exchange Act, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value.
The fund made this information available as Exhibit 99.1 and on its website, but specified that the materials are being furnished rather than filed under the Securities Exchange Act. This means the statement is provided for transparency and regulatory compliance without triggering the additional legal liabilities associated with filed financial statements.
United States 12 Month Natural Gas Fund, LP furnished an update with its monthly account statement for the month ended December 31, 2025. The statement, provided as Exhibit 99.1, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value prepared under Commodity Exchange Act Rule 4.22.
The information is furnished, not filed, under the Exchange Act, which means it is not automatically subject to certain liability provisions and is not incorporated into other securities filings unless specifically referenced. The same monthly account statement is also available on the fund’s website at www.uscfinvestments.com.
United States 12 Month Natural Gas Fund, LP furnished its monthly account statement for the month ended November 30, 2025. The statement includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required under Rule 4.22 of the Commodity Exchange Act. The report is provided as Exhibit 99.1 and is also available on the fund’s website at www.uscfinvestments.com. The information is being furnished under Regulation FD and is not deemed filed for liability purposes under the Securities Exchange Act.
United States 12 Month Natural Gas Fund, LP reported that it has released its monthly account statement for the month ended October 31, 2025. The update is presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required under commodities regulations.
The fund furnished this monthly statement as an exhibit to a current report and also made it available on its website at www.uscfinvestments.com. The information is being provided for disclosure purposes and is not treated as being formally filed under securities laws unless later specifically incorporated into another filing.
United States 12 Month Natural Gas Fund, LP (UNL) furnished its monthly account statement for the month ended September 30, 2025 under Regulation FD. The report, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, is attached as Exhibit 99.1 and available on the fund’s website. The information is furnished, not deemed “filed” under Section 18, and is not incorporated by reference unless expressly stated.
United States 12 Month Natural Gas Fund, LP furnished an update on its recent performance and asset levels. The fund issued its monthly account statement for the month ended August 31, 2025, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value.
The statement is provided as Exhibit 99.1 in connection with this report and is also available on the fund’s website. The information is furnished under Regulation FD and is not deemed filed for liability purposes under the Securities Exchange Act or incorporated into other securities filings unless specifically referenced.