Routine monthly account statement — no actionable catalyst. Monitor natural gas futures price trends as the fund's NAV is directly tied to the underlying commodity. The $49.9M in redemptions suggests reduced investor appetite at current levels, but no forced selling or liquidity concerns are indicated.
Price Chart
Executive Summary
United States Natural Gas Fund, LP filed its required monthly account statement for June 2026, reporting a net loss of $6.35M driven by $10.17M in unrealized losses on commodity futures. Net asset value declined from $473.98M to $417.70M, driven by both the net loss and $49.93M in shareholder redemptions (4.3M shares). The filing is a routine regulatory disclosure with no material new business developments.
Key Facts
- Net loss of $6,349,221 for month ended June 30, 2026
- Unrealized loss on commodity futures of $10,167,205 was the primary driver of the loss
- Net asset value fell from $473,982,810 to $417,699,524
- 4,300,000 shares were redeemed for $49,934,065 during the month
- NAV per share stood at $11.78 on 35,446,103 shares outstanding
Financial Impact
Net loss of $6.35M on beginning NAV of $473.98M (-1.3%), with NAV per share of $11.78
Risk Factors
- Continued decline in natural gas futures could further erode NAV
- Sustained redemptions may pressure the fund's expense ratio and tracking efficiency
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-087856 |
| Document: tm2620060d2_ex99-1.htm | 0001104659-26-087856 |
| Document: 0001104659-26-087856-index-headers.html | 0001104659-26-087856 |
| Document: 0001104659-26-087856-index.html | 0001104659-26-087856 |
| Document: 0001104659-26-087856.txt | 0001104659-26-087856 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 10d ago | 8-K | $10.66 | awaiting T+20 | — | $9.53 (−10.63%) |
Sep 29, 2026 27d ago | 8-K | $10.35 | awaiting T+20 | — | $9.53 (−7.95%) |
Sep 25, 2026 4w ago | 8-K | $10.79 | awaiting T+20 | — | $9.53 (−11.70%) |
Aug 28, 2026 8w ago | 8-K | $10.33 $10.79 | ▲ +4.45% | ▲ +4.19% | $9.53 (−7.77%) |
Jul 29, 2026 12w ago | 8-K | $9.93 $10.41 | ▲ +4.83% | ▼ −0.19% | $9.53 (−4.06%) |
Feb 27, 2026 34w ago | 8-K | $11.52 $12.28 | ▲ +6.60% | ▲ +14.15% | $9.53 (−17.30%) |
US Market Status
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