EX-99.1 2 tm2312904d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(50,274,276)
Realized Gain (Loss) on Swap Contracts   (31,523,321)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (159,497,846)
Unrealized gain (loss) on Fair Value of Swap Contracts   (17,799,499)
Dividend Income   1,118,359 
Interest Income   2,664,069 
ETF Transaction Fees   37,000 
Total Income (Loss)  $(255,275,514)
      
Expenses     
General Partner Management Fees  $538,224 
Professional Fees   100,567 
Brokerage Commissions   265,997 
Directors' Fees and insurance   14,188 
License fees   13,456 
Total Expenses  $932,432 
Net Income (Loss)  $(256,207,946)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/23  $1,206,034,310 
Additions (49,100,000 Shares)   352,351,476 
Withdrawals (16,200,000 Shares)   (138,762,659)
Net Income (Loss)   (256,207,946)
      
Net Asset Value End of Month  $1,163,415,181 
Net Asset Value Per Share (165,884,588 Shares)  $7.01 

 

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 March 31, 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