United States Natural Gas Fund, LP (UNG) Financial Statements
Industry: Commodity Contracts Brokers & Dealers
In fiscal 2025, United States Natural Gas Fund reported revenue of $5.4M, down 90.4% from $56.2M the year before. Net income was $34.2M (a 637.0% net margin). Operating activities generated $127.1M of cash. At fiscal year end, United States Natural Gas Fund held $579.5M in total assets against $28.8M in total liabilities, including $438.5M of cash and equivalents.
Open the full interactive United States Natural Gas Fund financials → Quarterly statements, key ratios, valuation history and price charts.
United States Natural Gas Fund Key Stats
| Share Price | $11.41 |
|---|---|
| Revenue YoY Growth | -90.5% |
| 52-Week Range | $9.63 – $16.90 |
United States Natural Gas Fund Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | -$197.4M | $22.1M | $80.0M | -$251.2M | $56.2M | $5.4M |
| Pre-Tax Income | -$202.8M | $18.4M | -$195.2M | -$671.3M | $65.1M | $34.2M |
| Net Income | -$202.8M | $18.4M | -$195.2M | -$671.3M | $65.1M | $34.2M |
United States Natural Gas Fund Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $5.4M | $0 | $0 |
| Net Income | -$55.9M | $3.7M | $109.7M | $15.4M |
United States Natural Gas Fund Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $342.9M | $248.4M | $317.9M | $678.0M | $593.5M | $438.5M |
| Total Assets | $426.2M | $377.1M | $430.7M | $987.8M | $790.0M | $579.5M |
| Total Liabilities | $11.6M | $5.5M | $1.3M | $13.9M | $46.2M | $28.8M |
| Shareholders' Equity | $414.6M | $371.5M | $429.3M | $973.9M | $743.8M | $550.6M |
United States Natural Gas Fund Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$208.6M | $7.2M | $215.5M | -$865.0M | $47.5M | $127.1M |
| Cash From Financing | $190.1M | -$72.0M | -$31.7M | $1.23B | -$299.2M | -$227.4M |
Figures from United States Natural Gas Fund's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full United States Natural Gas Fund financials page for every line item.
United States Natural Gas Fund Company Profile
| Ticker | UNG |
|---|---|
| Exchange | NYSE |
| Industry | Commodity Contracts Brokers & Dealers |
| Headquarters | Walnut Creek, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001376227 |
Frequently Asked Questions
What was United States Natural Gas Fund's revenue in fiscal 2025?
United States Natural Gas Fund (UNG) reported revenue of $5.4M for fiscal 2025.
What is United States Natural Gas Fund's annual revenue history?
United States Natural Gas Fund's annual revenue by fiscal year: 2020: -$197.4M; 2021: $22.1M; 2022: $80.0M; 2023: -$251.2M; 2024: $56.2M; 2025: $5.4M.
What was United States Natural Gas Fund's net income in fiscal 2025?
United States Natural Gas Fund reported net income of $34.2M for fiscal 2025.
What was United States Natural Gas Fund's revenue last quarter?
In its most recent reported quarter (2026 Q2), United States Natural Gas Fund reported revenue of $0.
When does United States Natural Gas Fund's fiscal year end?
United States Natural Gas Fund's fiscal year end, as registered with the SEC, is December 31.
Where is United States Natural Gas Fund headquartered?
United States Natural Gas Fund lists its business address in Walnut Creek, California in its SEC filings.
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