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United States 12 Month Natural Gas Fund, LP (UNL)

United States 12 Month Natural Gas Fund, LP brought in -$1.4M of revenue over the twelve months to June 30, 2026, down 128.3% from a year earlier. It posted a net loss of $4.5M. At June 30, 2026 it held $15.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 7, 2026.

Revenue (last 12 months)
-$1.4M
-128.3% year on year

What United States 12 Month Natural Gas Fund, LP does

United States 12 Month Natural Gas Fund, LP is registered with the SEC under industry code SIC 6221 (Commodity Contracts Brokers & Dealers). Its shares trade on NYSE under the ticker UNL.

Revenue and profit by year

Revenue
FY18: $625K $625K FY18FY19: $700 $700 FY19FY20: $1.4K $1.4K FY20FY21: $3.3M $3.3M FY21FY22: $4M $4M FY22FY23: $6.7K $6.7K FY23FY24: $11.2K $11.2K FY24FY25: $8.1K $8.1K FY25
Net income
FY18: $567.1K $567.1K FY18FY19: -$814.3K -$814.3K FY19FY20: -$214.9K -$214.9K FY20FY21: $3.2M $3.2M FY21FY22: $3.6M $3.6M FY22FY23: -$13.3M -$13.3M FY23FY24: -$1.2M -$1.2M FY24FY25: -$971.5K -$971.5K FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$8.1Kn/a-$971.5Kn/an/a
2024$11.2Kn/a-$1.2Mn/an/a
2023$6.7Kn/a-$13.3Mn/an/a
2022$4Mn/a$3.6Mn/an/a
2021$3.3Mn/a$3.2Mn/an/a
2020$1.4Kn/a-$214.9Kn/an/a

Full financial statements: income, balance sheet and cash flow

Next report expected around November 6, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 7, 2025. Not a date the company has announced. See the report calendar

Where UNL ranks in Finance

Revenue$8.1K
#494 of 495 in Finance · Bottom 1%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Finance

Latest SEC filings

What United States 12 Month Natural Gas Fund, LP has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
  2. August 28, 2026
  3. August 7, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue was flat at $2.1K versus the same quarter last year; net loss of $1.1M.
  4. July 29, 2026
  5. June 29, 2026
  6. May 28, 2026
  7. May 14, 2026
  8. May 8, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 100% to $1.8K versus the same quarter last year; net loss of $660.1K versus net income of $4.2M.
  9. April 29, 2026
  10. April 24, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on April 6, 2023. Insider transactions on SEC

All filings on SEC EDGAR

Questions about UNL

What does United States 12 Month Natural Gas Fund, LP do?

United States 12 Month Natural Gas Fund, LP is registered with the SEC under industry code SIC 6221 (Commodity Contracts Brokers & Dealers). Its shares trade on NYSE under the ticker UNL.

Is United States 12 Month Natural Gas Fund, LP profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $4.5M.

How much revenue does United States 12 Month Natural Gas Fund, LP make?

Over the twelve months to June 30, 2026 United States 12 Month Natural Gas Fund, LP reported revenue of -$1.4M. That is 128.3% less than a year earlier.

When did United States 12 Month Natural Gas Fund, LP last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 7, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from September 25, 2026.

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Where the numbers come from

Financial figures are the values United States 12 Month Natural Gas Fund, LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.