EX-99.1 2 tm2530912d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(18,226,346)
Realized Gain (Loss) on Swap Contracts   95,424 
Unrealized Gain (Loss) on Market Value of Commodity Futures   40,609,324 
Unrealized gain (loss) on Fair Value of Swap Contracts   2,635,693 
Dividend Income   1,096,253 
Interest Income   845,451 
ETF Transaction Fees   27,000 
Total Income (Loss)  $27,082,799 
      
Expenses     
General Partner Management Fees  $310,424 
Professional Fees   117,572 
Brokerage Commissions   115,646 
Directors' Fees and insurance   41,369 
License fees   7,761 
Total Expenses  $592,772 
Net Income (Loss)  $26,490,027 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/25  $624,479,114 
Additions (11,600,000 Shares)   141,860,327 
Withdrawals ((10,900,000) Shares)   (143,553,464)
Net Income (Loss)   26,490,027 
      
Net Asset Value End of Month  $649,276,004 
Net Asset Value Per Share (48,846,103 Shares)  $13.29 

 

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, 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