EX-99.1 2 tm2318578d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $28,699,825 
Realized Gain (Loss) on Swap Contracts   (31,679,175)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (113,469,190)
Unrealized gain (loss) on Fair Value of Swap Contracts   (8,995,049)
Dividend Income   913,093 
Interest Income   3,465,340 
ETF Transaction Fees   30,000 
Total Income (Loss)  $(121,035,156)
      
Expenses     
General Partner Management Fees  $578,825 
Professional Fees   100,567 
Brokerage Commissions   257,618 
Directors' Fees and insurance   14,644 
License fees   14,470 
Total Expenses  $966,124 
Net Income (Loss)  $(122,001,280)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/23  $1,181,850,091 
Additions (21,900,000 Shares)   141,106,815 
Withdrawals (27,000,000 Shares)   (189,448,014)
Net Income (Loss)   (122,001,280)
      
Net Asset Value End of Month  $1,011,507,612 
Net Asset Value Per Share (162,684,588 Shares)  $6.22 

 

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 May 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