United States 12 Month Natural Gas Fund, LPUNL
What United States 12 Month Natural Gas Fund, LP does.
The United States 12 Month Natural Gas Fund, LP (“UNL”) is a Delaware limited partnership organized on June 27, 2007. UNL maintains its main business office at 1850 Mt. Diablo Boulevard, Suite 640, Walnut Creek, California 94596. UNL’s shares began trading on November 18, 2009. UNL 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 Third Amended and Restated Agreement of Limited Partnership dated as of December 15, 2017 (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 UNL 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 price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the average of the prices of specified short-term futures contracts on natural gas called the “Benchmark Futures Contracts”, plus interest earned on UNL’s collateral holdings, less UNL’s expenses. The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the New York Mercantile Exchange (the “NYMEX”) that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts, except when the near month contract is within two weeks of expiration, in which case they are measured by the futures contracts that are the next month contract to expire and the contracts for the following 11 consecutive months. When calculating the daily movement of the average price of the 12 contracts, each contract month is equally weighted.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | -$171,776 | $3.3M | $4.0M | -$13.1M | -$925,374 | -$735,860 |
| Net income | -$214,880 | $3.2M | $3.6M | -$13.3M | -$1.2M | -$971,479 |
More on UNL.
- United States 12 Month Natural Gas Fund, LP summary
- United States 12 Month Natural Gas Fund, LP financial statements
- United States 12 Month Natural Gas Fund, LP key metrics
- United States 12 Month Natural Gas Fund, LP health scores and style box
- United States 12 Month Natural Gas Fund, LP earnings
- United States 12 Month Natural Gas Fund, LP dividends
- United States 12 Month Natural Gas Fund, LP valuation
- United States 12 Month Natural Gas Fund, LP ownership and insiders
- United States 12 Month Natural Gas Fund, LP peers
Figures from United States 12 Month Natural Gas Fund, LP's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.