EX-99.1 2 tm2421763d4_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(200,793,691)
Realized Gain (Loss) on Swap Contracts   (26,679,912)
Unrealized Gain (Loss) on Market Value of Commodity Futures   44,973,513 
Unrealized gain (loss) on Fair Value of Swap Contracts   288 
Dividend Income   311,365 
Interest Income   2,709,282 
ETF Transaction Fees   20,000 
Total Income (Loss)  $(179,459,155)
      
Expenses     
General Partner Management Fees  $361,977 
Professional Fees   204,268 
Brokerage Commissions   193,622 
Directors' Fees and insurance   23,334 
License fees   9,050 
Total Expenses  $792,251 
Net Income (Loss)  $(180,251,406)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/24  $712,075,058 
Additions (15,300,000 Shares)   226,084,540 
Withdrawals ((500,000) Shares)   (7,131,795)
Net Income (Loss)   (180,251,406)
      
Net Asset Value End of Month  $750,776,397 
Net Asset Value Per Share (55,746,103 Shares)  $13.47 

 

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 July 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