EX-99.1 2 tm258856d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $74,959,797 
Realized Gain (Loss) on Swap Contracts   54,612,703 
Unrealized Gain (Loss) on Market Value of Commodity Futures   57,135,965 
Unrealized gain (loss) on Fair Value of Swap Contracts   100,735 
Dividend Income   1,314,217 
Interest Income   622,636 
ETF Transaction Fees   23,000 
Total Income (Loss)  $188,769,053 
      
Expenses     
General Partner Management Fees  $304,855 
Professional Fees   216,371 
Brokerage Commissions   121,944 
Directors' Fees and insurance   20,754 
License fees   7,621 
SEC & FINRA Registration Expense   13,236 
Total Expenses  $684,781 
Net Income (Loss)  $188,084,272 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/25  $646,614,528 
Additions (1,200,000 Shares)   24,657,002 
Withdrawals ((21,200,000) Shares)   (447,674,109)
Net Income (Loss)   188,084,272 
      
Net Asset Value End of Month  $411,681,693 
Net Asset Value Per Share (20,246,103 Shares)  $20.33 

 

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 February 28, 2025 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