EX-99.1 2 tm2428595d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2024 

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(59,605,660)
Realized Gain (Loss) on Swap Contracts   (49,251,760)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (100,337,320)
Unrealized gain (loss) on Fair Value of Swap Contracts   6 
Dividend Income   1,275,748 
Interest Income   1,863,027 
ETF Transaction Fees   13,000 
Total Income (Loss)  $(206,042,959)
      
Expenses     
General Partner Management Fees  $421,602 
Professional Fees   177,554 
Brokerage Commissions   165,772 
Directors' Fees and insurance   23,703 
License fees   10,540 
SEC & FINRA Registration Expense   14,654 
Total Expenses  $813,825 
Net Income (Loss)  $(206,856,784)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/24  $889,814,190 
Additions (14,700,000 Shares)   198,977,621 
Withdrawals ((6,000,000) Shares)   (84,023,922)
Net Income (Loss)   (206,856,784)
      
Net Asset Value End of Month  $797,911,105 
Net Asset Value Per Share (62,846,103 Shares)  $12.70 

 

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 October 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