8-K: US Gasoline Fund Reports Strong February Gains

United States Gasoline Fund, LP reported a net income of $5.08 million for February 2026, driven by significant trading gains.

Summary

• United States Gasoline Fund, LP (UGA) issued its monthly account statement for the month ended February 28, 2026.
• The fund reported a Net Income of $5,084,513 for the month.
• Total Income for the month was $5,157,736, primarily from Realized Trading Gain on Commodity Futures of $4,131,591 and Unrealized Gain of $771,359.
• Total Expenses amounted to $73,223, including General Partner Management Fees of $43,593.
• Net Asset Value (NAV) increased from $86,241,075 at the beginning of February to $105,327,587 at month-end.
• The fund experienced additions of 250,000 shares valued at $17,400,522 and withdrawals of 50,000 shares valued at $3,398,523.
• Net Asset Value Per Share at the end of February was $72.64, based on 1,450,000 shares outstanding.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive report, reflecting robust trading gains and a significant increase in Net Asset Value for the month, indicating effective management of its commodity positions.

Positives

• Significant Net Income of $5,084,513 for the month ended February 28, 2026.
• Strong Realized Trading Gain on Commodity Futures of $4,131,591.
• Positive Unrealized Gain on Market Value of Commodity Futures totaling $771,359.
• Substantial increase in Net Asset Value (NAV) from $86,241,075 to $105,327,587 during the month.
• Net additions of 200,000 shares, indicating investor interest or demand.

Negatives

• Total expenses for the month were $73,223, which include General Partner Management Fees of $43,593, Professional Fees of $16,340, Brokerage Commissions of $7,587, Directors' Fees and Insurance of $4,614, and License Fees of $1,089.

Future Outlook

The filing is a historical monthly account statement and does not contain any explicit forward-looking statements or guidance regarding future performance.

Management Comments

• Stuart P. Crumbaugh, Chief Financial Officer of United States Commodity Funds LLC (General Partner of United States Gasoline Fund, LP), represented that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended February 28, 2026, is accurate and complete.

Industry Context

StockSavvy.ai notes that the strong performance of the United States Gasoline Fund in February 2026 reflects a period of favorable market conditions for gasoline futures, likely driven by supply-demand dynamics or geopolitical factors impacting energy prices. This positive monthly return positions the fund well within the commodity ETF sector, which often experiences volatility but can yield significant gains during upward price trends in underlying commodities.

Comparison to Industry Standards

• The filing does not provide specific comparable companies, projects, or results to benchmark against industry standards. A detailed comparison would require access to performance data from other gasoline or broader energy commodity funds for the same period.

Related Party Transactions

• General Partner Management Fees of $43,593 were paid to United States Commodity Funds LLC, the general partner of United States Gasoline Fund, LP.

Stakeholder Impact

• Shareholders: Experienced an increase in Net Asset Value per share, indicating a positive return on their investment for the month.
• General Partner (United States Commodity Funds LLC): Received management fees, benefiting from the fund's operations.

Key Dates

Recommendation

The strong net income, significant trading gains, and substantial increase in Net Asset Value for the month indicate robust performance and effective management of the fund's commodity positions. While a single month's performance doesn't guarantee future results, this report suggests a positive momentum and could be attractive to investors seeking exposure to gasoline futures, warranting a 'buy' recommendation for those aligned with the fund's investment strategy.

Keywords

United States Gasoline Fund, UGA, Commodity Fund, Gasoline Futures, Net Asset Value, Monthly Statement, Financial Report, Trading Gain