EX-99.1 2 tm2328418d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(9,630,466)
Realized Gain (Loss) on Swap Contracts   (20,171,599)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (23,536,315)
Unrealized gain (loss) on Fair Value of Swap Contracts   5,449,445 
Dividend Income   795,321 
Interest Income   3,677,749 
ETF Transaction Fees   25,000 
Total Income (Loss)  $(43,390,865)
      
Expenses     
General Partner Management Fees  $565,461 
Professional Fees   92,073 
Brokerage Commissions   194,730 
Directors' Fees and insurance   24,135 
License fees   14,136 
Total Expenses  $890,535 
Net Income (Loss)  $(44,281,400)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $1,158,938,922 
Additions (23,500,000 Shares)   157,464,401 
Withdrawals (17,000,000 Shares)   (115,898,504)
Net Income (Loss)   (44,281,400)
      
Net Asset Value End of Month  $1,156,223,419 
Net Asset Value Per Share (169,784,588 Shares)  $6.81 

 

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 September 30, 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