EX-99.1 2 tm2417367d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $206,876,481 
Realized Gain (Loss) on Swap Contracts   20,996,479 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (45,465,971)
Unrealized gain (loss) on Fair Value of Swap Contracts   (227)
Dividend Income   313,977 
Interest Income   3,208,737 
ETF Transaction Fees   25,000 
Total Income (Loss)  $185,954,476 
      
Expenses     
General Partner Management Fees  $423,665 
Professional Fees   203,642 
Brokerage Commissions   214,171 
Directors' Fees and insurance   23,865 
License fees   10,591 
Total Expenses  $875,934 
Net Income (Loss)  $185,078,542 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/24  $838,546,931 
Additions (3,600,000 Shares)   65,024,864 
Withdrawals ((20,000,000) Shares)   (358,075,333)
Net Income (Loss)   185,078,542 
      
Net Asset Value End of Month  $730,575,004 
Net Asset Value Per Share (41,246,103 Shares)  $17.71 

 

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 May 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