EX-99.1 2 tm2424136d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $18,458,691 
Realized Gain (Loss) on Swap Contracts   (1,131,909)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (13,376,220)
Unrealized gain (loss) on Fair Value of Swap Contracts   (8,186,816)
Dividend Income   312,481 
Interest Income   3,096,844 
ETF Transaction Fees   16,000 
Total Income (Loss)  $(810,929)
      
Expenses     
General Partner Management Fees  $412,395 
Professional Fees   205,793 
Brokerage Commissions   251,471 
Directors' Fees and insurance   24,021 
License fees   10,310 
Total Expenses  $903,990 
Net Income (Loss)  $(1,714,919)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/24  $750,776,397 
Additions (11,900,000 Shares)   157,973,384 
Withdrawals ((5,800,000) Shares)   (81,744,099)
Net Income (Loss)   (1,714,919)
      
Net Asset Value End of Month  $825,290,763 
Net Asset Value Per Share (61,846,103 Shares)  $13.34 

 

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 August 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