EX-99.1 2 tm2514809d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(44,514,149)
Realized Gain (Loss) on Swap Contracts   (47,841,475)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,805,212)
Unrealized gain (loss) on Fair Value of Swap Contracts   372 
Dividend Income   477,846 
Interest Income   734,610 
ETF Transaction Fees   31,000 
Total Income (Loss)  $(92,917,008)
      
Expenses     
General Partner Management Fees  $195,218 
Professional Fees   107,250 
Brokerage Commissions   65,347 
Directors' Fees and insurance   5,293 
License fees   4,880 
SEC & FINRA Registration Expense   14,181 
Total Expenses  $392,169 
Net Income (Loss)  $(93,309,177)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/25  $420,926,877 
Additions (11,800,000 Shares)   199,350,676 
Withdrawals ((5,600,000) Shares)   (98,265,093)
Net Income (Loss)   (93,309,177)
      
Net Asset Value End of Month  $428,703,283 
Net Asset Value Per Share (25,746,103 Shares)  $16.65 

 

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 April 30, 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