EX-99.1 2 tm239381d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(159,133,965)
Unrealized Gain (Loss) on Market Value of Commodity Futures   185,244,811 
Unrealized gain (loss) on Fair Value of Swap Contracts   17,797,495 
Dividend Income   1,906,092 
Interest Income   1,349,080 
ETF Transaction Fees   44,000 
Total Income (Loss)  $47,207,513 
      
Expenses     
General Partner Management Fees  $483,521 
Professional Fees   90,835 
Brokerage Commissions   365,213 
Directors' Fees and insurance   12,465 
License fees   12,088 
Total Expenses  $964,122 
Net Income (Loss)  $46,243,391 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/23  $769,184,856 
Additions (78,900,000 Shares)   646,077,621 
Withdrawals (29,900,000 Shares)   (255,471,558)
Net Income (Loss)   46,243,391 
      
Net Asset Value End of Month  $1,206,034,310 
Net Asset Value Per Share (132,984,588 Shares)  $9.07 

 

To the Limited Partners of United States Natural Gas Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended February 28, 2023 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596