EX-99.1 2 tm2530912d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States 12 Month 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  $(167,121)
Unrealized Gain (Loss) on Market Value of Commodity Futures   688,002 
Dividend Income   24,538 
Interest Income   12,826 
ETF Transaction Fees   1,050 
Total Income (Loss)  $559,295 
      
Expenses     
General Partner Management Fees  $5,530 
Professional Fees   13,383 
Brokerage Commissions   561 
Directors' Fees and insurance   1,637 
License fees   139 
Total Expenses  $21,250 
Net Income (Loss)  $538,045 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/25  $10,445,121 
Additions (550,000 Shares)   4,274,756 
Net Income (Loss)   538,045 
      
Net Asset Value End of Month  $15,257,922 
Net Asset Value Per Share (1,900,000 Shares)  $8.03 

 

To the Limited Partners of United States 12 Month 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 12 Month Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596