EX-99.1 2 tm2411856d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $12,149,290 
Realized Gain (Loss) on Swap Contracts   (8,946,051)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (97,874,876)
Unrealized gain (loss) on Fair Value of Swap Contracts   (831)
Dividend Income   295,615 
Interest Income   3,037,206 
ETF Transaction Fees   16,000 
Total Income (Loss)  $(91,323,647)
      
Expenses     
General Partner Management Fees  $409,039 
Professional Fees   203,643 
Brokerage Commissions   275,902 
Directors' Fees and insurance   12,443 
License fees   10,227 
Total Expenses  $911,254 
Net Income (Loss)  $(92,234,901)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/24  $868,736,743 
Additions (8,300,000 Shares)   124,437,774 
Withdrawals ((4,200,000) Shares)   (70,438,635)
Net Income (Loss)   (92,234,901)
      
Net Asset Value End of Month  $830,500,981 
Net Asset Value Per Share (56,346,103 Shares)  $14.74 
      

 

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 March 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