Quarterly ResultMay 8, 2026, 02:11 PM
United States 12 Month Natural Gas Fund Reports Q1 Net Loss of $660K
AI Summary
United States 12 Month Natural Gas Fund, LP reported a net loss of $(660,149) for the first quarter of 2026, a significant decline from the net income of $4,184,874 recorded in the same period last year. This was primarily driven by a realized loss on closed commodity futures contracts and a reduced change in unrealized gains. The fund's total assets and partners' capital also saw a notable decrease, with net asset value per share falling to $6.90.
Key Highlights
- Reported a net loss of $(660,149) for the three months ended March 31, 2026, compared to net income of $4,184,874 in the prior year period.
- Total income for Q1 2026 was $(594,349), a significant decrease from $4,243,946 in Q1 2025.
- Net asset value per share decreased to $6.90 at March 31, 2026, from $7.34 at December 31, 2025.
- Total Assets declined to $15,594,637 at March 31, 2026, from $18,815,131 at December 31, 2025.
- Partners' Capital decreased to $15,524,903 at March 31, 2026, from $18,710,529 at December 31, 2025.
- Cash flows from operating activities resulted in a net use of $(1,124,073) in Q1 2026, compared to a net provision of $3,586,877 in Q1 2025.
- Realized loss on closed commodity futures contracts was $(1,181,469) in Q1 2026, versus a gain of $1,827,746 in Q1 2025.
- Change in unrealized gain on open commodity futures contracts was $438,130 in Q1 2026, down from $2,228,894 in Q1 2025.