EX-99.1 2 tm243433d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended December 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(208,090,770)
Realized Gain (Loss) on Swap Contracts   (63,047,003)
Unrealized Gain (Loss) on Market Value of Commodity Futures   145,252,291 
Unrealized gain (loss) on Fair Value of Swap Contracts   42,202,371 
Dividend Income   316,437 
Interest Income   3,605,814 
ETF Transaction Fees   19,000 
Total Income (Loss)  $(79,741,860)
      
Expenses     
General Partner Management Fees  $500,633 
Professional Fees   95,143 
Brokerage Commissions   195,901 
Directors' Fees and insurance   29,084 
License fees   12,516 
Total Expenses  $833,277 
Net Income (Loss)  $(80,575,137)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/23  $1,005,203,187 
Additions (5,775,000 Shares)   118,921,349 
Withdrawals (3,500,000 Shares)   (69,695,067)
Net Income (Loss)   (80,575,137)
      
Net Asset Value End of Month  $973,854,332 
Net Asset Value Per Share (47,821,147 Shares)  $20.36 

 

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 December 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