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United States Natural Gas Fund Lp  (UNG)
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    Sector  Financial    Industry Exchange Traded Funds Etf
 
Price: $15.1300 $-0.44 -2.826%
Day's High: $15.435 Week Perf: -3.57 %
Day's Low: $ 14.88 30 Day Perf: 1.61 %
Volume (M): 6,186 52 Wk High: $ 21.14
Volume (M$): $ 93,594 52 Wk Avg: $8.16
Open: $15.41 52 Wk Low: $4.50



 Market Capitalization (Millions $) 1,900
 Shares Outstanding (Millions) 126
 Employees 1
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -613
 Cash Flow (TTM) (Millions $) 592
 Capital Exp. (TTM) (Millions $) 0

United States Natural Gas Fund Lp

The United States Natural Gas Fund, LP (“UNG”) is a Delaware limited partnership organized on September 11, 2006. UNG maintains its main business office at 1999 Harrison Street, Suite 1530, Oakland, California 94612. UNG is a commodity pool that issues limited partnership interests (“shares”) traded on the NYSE Arca, Inc. (the “NYSE Arca”). It operates pursuant to the terms of the Fourth Amended and Restated Agreement of Limited Partnership dated as of March 1, 2013 (as amended from time to time, the “LP Agreement”), which grants full management control to its general partner, United States Commodity Funds LLC (“USCF”).

The investment objective of UNG is for the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contract for natural gas traded on the New York Mercantile Exchange (the “NYMEX”), that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG’s expenses. It is not the intent of UNG to be operated in a fashion such that the per share NAV will equal, in dollar terms, the spot price of natural gas or any particular futures contract based on natural gas. It is not the intent of UNG to be operated in a fashion such that its per share NAV will reflect the percentage change of the price of any particular futures contract as measured over a time period greater than one day. USCF believes that it is not practical to manage the portfolio to achieve such an investment goal when investing in Futures Contracts (as defined below) and Other Natural Gas-Related Investments (as defined below). UNG’s shares began trading on April 18, 2007. USCF is the general partner of UNG and is responsible for the management of UNG.


USCF is a single member limited liability company that was formed in the state of Delaware on May 10, 2005. USCF maintains its main business office at 1999 Harrison Street, Suite 1530, Oakland, California 94612. USCF is a wholly-owned subsidiary of Wainwright Holdings, Inc., a Delaware corporation (“Wainwright”). Mr. Nicholas Gerber (discussed below) controls Wainwright by virtue of his ownership or control of a majority of Wainwright’s shares. Wainwright is a holding company that currently holds both USCF, as well as USCF Advisers LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended. USCF Advisers LLC serves as the investment adviser for the Stock Split Index Fund, a series of the USCF ETF Trust. USCF ETF Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Trustees for the USCF ETF Trust consists of different independent trustees than those independent directors who serve on the Board of Directors of USCF. USCF is a member of the National Futures Association (the “NFA”) and registered as a commodity pool operator (“CPO”) with the Commodity Futures Trading Commission (the “CFTC”) on December 1, 2005 and as a Swaps Firm on August 8, 2013.

USCF also serves as general partner or sponsor of the United States Oil Fund, LP (“USO”), the United States 12 Month Oil Fund, LP (“USL”), the United States Gasoline Fund, LP (“UGA”), the United States Diesel-Heating Oil Fund, LP (“UHN”), the United States Short Oil Fund, LP (“DNO”), the United States 12 Month Natural Gas Fund, LP (“UNL”), the United States Brent Oil Fund, LP (“BNO”), the United States Commodity Index Fund (“USCI”), the United States Copper Index Fund (“CPER”), and the United States Agriculture Index Fund (“USAG”). USO, USL, UGA, UHN, DNO, UNL, BNO, USCI, CPER and USAG are actively operating funds and all are listed on the NYSE Arca and referred to collectively herein as the “Related Public Funds.” The Related Public Funds are subject to reporting requirements under the Securities Exchange Act of 1934, as amended (“Exchange Act”). For more information about each of the Related Public Funds, investors in UNG may call 1.800.920.0259 or visit www.unitedstatescommodityfunds.com or the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.

An investment in the shares provides a means for diversifying an investor’s portfolio or hedging exposure to changes in natural gas prices. An investment in the shares allows both retail and institutional investors to easily gain this exposure to the natural gas market in a transparent, cost-effective manner.

The net assets of UNG consist primarily of investments in futures contracts for natural gas, crude oil, diesel-heating oil, gasoline, and other petroleum-based fuels that are traded on the NYMEX, ICE Futures or other U.S. and foreign exchanges (collectively, “Futures Contracts”) and, to a lesser extent, in order to comply with regulatory requirements or in view of market conditions, Other Natural Gas-Related (as defined below) investments such as cash-settled options on Futures Contracts, forward contracts for natural gas, cleared swap contracts and non-exchange traded over-the-counter (“OTC”) transactions that are based on the price of natural gas, oil and other petroleum-based fuels, Futures Contracts and indices based on the foregoing (collectively, “Other Natural Gas-Related Investments”). Market conditions that USCF currently anticipates could cause UNG to invest in Other Natural Gas-Related Investments include those allowing UNG to obtain greater liquidity or to execute transactions with more favorable pricing. For convenience and unless otherwise specified, Futures Contracts and Other Natural Gas-Related Investments collectively are referred to as “Natural Gas Interests” in this annual report on Form 10-K. UNG invests substantially the entire amount of its assets in Futures Contracts while supporting such investments by holding the amounts of its margin, collateral and other requirements relating to these obligations in short-term obligations of the United States of two years or less (“Treasuries”), cash and cash equivalents. The daily holdings of UNG are available on UNG’s website at www.unitedstatescommodityfunds.com.



   Company Address: 1850 Mt. Diablo Boulevard, Suite 640 Walnut Creek 94596 CA
   Company Phone Number: 522-9600   Stock Exchange / Ticker: NYSE UNG
   


   

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United States Natural Gas Fund Lp

UNG's Third Quarter Performance Plunges: Revealing Unprecedented Losses and Alarming Figures



As of its fiscal year-end on September 30, 2023, the United States Natural Gas Fund LP (UNG) has reported a slip into a loss of $-0.65 per share. This compares to a gain of $4.83 per share in the previous year's financial reporting period. The decline is further pronounced when considering the previous period's earnings of $0.45 per share.
Furthermore, UNG recorded a net loss of $-81.644 million during the July to September 2023 fiscal interval, in stark contrast to the net income of $114.506 million achieved during the same period last year. These financial results reflect a challenging environment for UNG, indicating a notable deviation from its previous performance.

United States Natural Gas Fund Lp

Remarkable Financial Rebound: United States Natural Gas Fund LP Announces A Profitable Q2 in 2023



The recent financial results of the United States Natural Gas Fund LP (UNG) have exhibited a remarkable and much-needed turnaround. The company has demonstrated substantial improvements in its earnings per share (EPS), net income, and net margin. These positive trends are expected to have a significant impact on the company's future prospects.
1. Strong Earnings Growth:
During the most recent fiscal period, UNG has successfully turned around its earnings, with an EPS of $0.45 per share. This stands in stark contrast to the earnings of -$1.24 per share recorded in the prior reporting period and -$7.21 per share a year ago. This positive trend indicates that the company has managed to increase profitability and create value for its shareholders.

United States Natural Gas Fund Lp

United States Natural Gas Fund Lp Faces Challenging Quarter with Deficit Surging to $7.21 per share

The United States Natural Gas Fund Lp, or UNG, is an exchange-traded fund that is designed to track the price of natural gas in the United States. The fund seeks to replicate the performance of the benchmark Henry Hub Natural Gas Futures Contract. It invests primarily in natural gas futures contracts, and also holds cash and cash equivalents.
The financial results for the quarter ending March 31, 2023, have been a cause for concern for UNG investors. The fund recorded a significant deficit per share of $-7.21, compared to earnings of $7.30 a year earlier. This represents a surge in deficit from $-2.65 per share in the previous reporting period.






 

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