8-K: Natural Gas Fund Reports March 2026 Net Income

United States 12 Month Natural Gas Fund, LP reported a net income of $103,477 for the month ended March 31, 2026, driven by unrealized gains on commodity futures.

Summary

• The United States 12 Month Natural Gas Fund, LP (the Registrant) has released its monthly account statement for March 2026.
• The fund reported a net income of $103,477 for the month.
• This income was primarily driven by an unrealized gain on the market value of commodity futures ($276,638), partially offset by a realized trading loss on commodity futures ($199,688).
• Dividend income and interest income contributed $33,663 and $14,935, respectively.
• Total expenses for the month were $22,071, including management fees, professional fees, and brokerage commissions.
• The Net Asset Value (NAV) at the beginning of March 2026 was $15,421,426, and it increased to $15,524,903 by the end of the month.
• The Net Asset Value Per Share was $6.90, based on 2,250,000 shares outstanding.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral score, as the fund reported a net income, but this was driven by a mix of realized losses and unrealized gains, indicating market volatility rather than a clear positive trend.

Positives

• The fund achieved a net income of $103,477 for the month of March 2026.
• Unrealized gains on commodity futures contributed positively with $276,638.
• Dividend income of $33,663 and interest income of $14,935 also added to the fund's performance.
• The Net Asset Value increased from $15,421,426 to $15,524,903 during March 2026.
• The Net Asset Value per share remained stable at $6.90.

Negatives

• The fund experienced a realized trading loss on commodity futures amounting to $199,688 for the month.
• Total expenses for the month were $22,071.

Risks

• The realized trading loss on commodity futures indicates potential volatility and risk in the natural gas market.
• The reliance on unrealized gains suggests that the fund's performance can be significantly influenced by market fluctuations.

Future Outlook

No specific forward-looking statements or guidance were provided in this monthly account statement filing.

Management Comments

• 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 March 31, 2026 is accurate and complete.

Industry Context

StockSavvy.ai notes that this filing reflects the typical monthly reporting for a commodity-focused investment fund, highlighting the inherent volatility in natural gas futures markets. The performance is directly tied to the price movements of natural gas commodities.

Stakeholder Impact

• Shareholders: The net income and increase in NAV positively impact the value of their investment for the reporting period.
• Limited Partners: Directly benefit from the reported net income and NAV increase.

Next Steps

• Continue to monitor the fund's performance based on future monthly account statements.
• Observe market trends in natural gas futures to understand the drivers of realized and unrealized gains/losses.

Key Dates

Keywords

Natural Gas Fund, Commodity Futures, Monthly Account Statement, Net Asset Value, SEC Filing, Form 8-K, Investment Fund, Financial Report