EX-99.1 2 tm2528713d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $15,167,910 
Realized Gain (Loss) on Swap Contracts   1,882,040 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (4,842,817)
Unrealized gain (loss) on Fair Value of Swap Contracts   56 
Dividend Income   1,043,662 
Interest Income   812,908 
ETF Transaction Fees   20,000 
Total Income (Loss)  $14,083,759 
      
Expenses     
General Partner Management Fees  $290,712 
Professional Fees   95,440 
Brokerage Commissions   108,360 
Directors' Fees and insurance   7,975 
License fees   7,268 
Total Expenses  $509,755 
Net Income (Loss)  $13,574,004 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/25  $599,474,007 
Additions (6,400,000 Shares)   80,265,427 
Withdrawals ((5,300,000) Shares)   (68,834,324)
Net Income (Loss)   13,574,004 
      
Net Asset Value End of Month  $624,479,114 
Net Asset Value Per Share (48,146,103 Shares)  $12.97 

 

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 September 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