UNL - United States 12 Month Natural Gas Fund LP
01/29/2026 | Press release | Distributed by Public on 01/29/2026 07:56
Current Report (Form 8-K)
Exhibit 99.1
United States 12 Month Natural Gas Fund, LP
Monthly Account Statement
For the Month Ended December 31, 2025
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Commodity Futures | $ | (252,188 | ) | |
| Unrealized Gain (Loss) on Market Value of Commodity Futures | (2,180,562 | ) | ||
| Dividend Income | 25,403 | |||
| Interest Income | 35,906 | |||
| ETF Transaction Fees | 350 | |||
| Total Income (Loss) | $ | (2,371,091 | ) | |
| Expenses | ||||
| General Partner Management Fees | $ | 10,116 | ||
| Professional Fees | 3,263 | |||
| Brokerage Commissions | 444 | |||
| Directors' Fees and insurance | 1,734 | |||
| License fees | 253 | |||
| Total Expenses | $ | 15,810 | ||
| Net Income (Loss) | $ | (2,386,901 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 12/1/25 | $ | 19,435,443 | ||
| Additions (200,000 Shares) | 1,661,987 | |||
| Net Income (Loss) | (2,386,901 | ) | ||
| Net Asset Value End of Month | $ | 18,710,529 | ||
| Net Asset Value Per Share (2,550,000 Shares) | $ | 7.34 | ||
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 December 31, 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
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