EX-99.1 2 tm2325951d2_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $26,488,011 
Realized Gain (Loss) on Swap Contracts   13,277,897 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (12,957,714)
Unrealized gain (loss) on Fair Value of Swap Contracts   (13,369,494)
Dividend Income   870,027 
Interest Income   3,584,619 
ETF Transaction Fees   31,000 
Total Income (Loss)  $17,924,346 
      
Expenses     
General Partner Management Fees  $566,395 
Professional Fees   95,142 
Brokerage Commissions   194,978 
Directors' Fees and insurance   15,073 
License fees   14,160 
Total Expenses  $885,748 
Net Income (Loss)  $17,038,598 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/23  $1,119,260,517 
Additions (31,200,000 Shares)   216,996,515 
Withdrawals (26,100,000 Shares)   (194,356,708)
Net Income (Loss)   17,038,598 
      
Net Asset Value End of Month  $1,158,938,922 
Net Asset Value Per Share (163,284,588 Shares)  $7.10 

 

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 August 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