EX-99.1 2 tm246181d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $105,418,380 
Realized Gain (Loss) on Swap Contracts   56,144,651 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (127,599,211)
Unrealized gain (loss) on Fair Value of Swap Contracts   (14,904,184)
Dividend Income   296,151 
Interest Income   3,268,758 
ETF Transaction Fees   26,000 
Total Income (Loss)  $22,650,545 
      
Expenses     
General Partner Management Fees  $449,824 
Professional Fees   95,142 
Brokerage Commissions   225,167 
Directors' Fees and insurance   28,642 
License fees   11,246 
Total Expenses  $810,021 
Net Income (Loss)  $21,840,524 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/24  $973,854,332 
Additions (7,025,000 Shares)   149,099,174 
Withdrawals (16,600,044 Shares)   (401,399,299)
Net Income (Loss)   21,840,524 
      
Net Asset Value End of Month  $743,394,731 
Net Asset Value Per Share (38,246,103 Shares)  $19.44 

 

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 January 31, 2024 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