This is a routine monthly account statement required by CFTC Rule 4.22. The large net loss reflects the fund's tracking of natural gas futures, which were down in July. The significant share creation (15.4M shares added vs 3.3M redeemed) suggests strong investor demand despite the loss. Monitor natural gas prices and the fund's creation/redemption activity for near-term NAV direction.
Price Chart
Executive Summary
United States Natural Gas Fund, LP (UNG) filed its monthly account statement for July 2026, reporting a net loss of $67.8 million, driven by significant realized and unrealized losses on commodity futures and swap contracts. Net asset value (NAV) per share was $10.01 at month-end, up from the beginning of the month despite the loss, due to net share creations of 12.1 million shares that added $126.1 million in capital. This is a routine regulatory filing with no material new information for traders beyond the fund's periodic performance.
Key Facts
- Net loss of $67,829,017 for July 2026
- Realized trading loss on commodity futures: ($29,847,160)
- Realized loss on swap contracts: ($16,937,630)
- Unrealized loss on market value of commodity futures: ($21,795,936)
- Net asset value per share at July 31, 2026: $10.01
- Net asset value at end of month: $475,982,222
- Shares outstanding at month-end: 47,546,103
- Net share creations of 12,100,000 shares during the month
Financial Impact
Net loss of $67.8 million for July 2026, with NAV per share of $10.01
Risk Factors
- Continued losses from natural gas futures volatility
- Potential for further dilution if share creation continues at elevated pace
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-102787 |
| Document: 0001104659-26-102787-index.html | 0001104659-26-102787 |
| Document: 0001104659-26-102787.txt | 0001104659-26-102787 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 8-K | $10.66 | awaiting T+20 | — | $9.64 (−9.57%) |
Sep 29, 2026 28d ago | 8-K | $10.35 $9.64 | ▼ −6.86% | ▼ −7.57% | $9.64 (−6.86%) |
Sep 25, 2026 4w ago | 8-K | $10.79 $9.56 | ▼ −11.40% | ▼ −11.37% | $9.64 (−10.66%) |
Aug 28, 2026 8w ago | 8-K | $10.33 $10.79 | ▲ +4.45% | ▲ +4.19% | $9.64 (−6.68%) |
Jul 29, 2026 12w ago | 8-K | $9.93 $10.41 | ▲ +4.83% | ▼ −0.19% | $9.64 (−2.92%) |
Feb 27, 2026 34w ago | 8-K | $11.52 $12.28 | ▲ +6.60% | ▲ +14.15% | $9.64 (−16.32%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers