EX-99.1 2 tm2528713d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month 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  $(118,590)
Unrealized Gain (Loss) on Market Value of Commodity Futures   48,409 
Dividend Income   23,898 
Interest Income   11,385 
Total Income (Loss)  $(34,898)
      
Expenses     
General Partner Management Fees  $5,124 
Professional Fees   15,181 
Brokerage Commissions   170 
Directors' Fees and insurance   169 
License fees   127 
Total Expenses  $20,771 
Net Income (Loss)  $(55,669)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/25  $10,500,790 
Net Income (Loss)   (55,669)
      
Net Asset Value End of Month  $10,445,121 
Net Asset Value Per Share (1,350,000 Shares)  $7.74 

 

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 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 12 Month Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596