United States 12 Month Natural Gas Fund, LP financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data United States 12 Month Natural Gas Fund, LP files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
2.99
0
0.62
0
0
3.26
3.95
0.01
0.01
0.01
Operating expenses
0.22
0.16
0.12
0.11
0.1
0.23
0.48
0.33
0.38
0.24
Net income
2.87
-3.15
0.57
-0.81
-0.21
3.16
3.63
-13.3
-1.22
-0.97
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
15.1
7.22
5.17
2.99
6.5
14.4
22
14.5
17.9
18.2
Total assets
18.7
8.41
5.78
3.43
7.38
16.4
25.1
16.4
19
18.8
Total liabilities
2.22
0.08
0.14
0.06
0.03
0.07
0.12
0.09
0.37
0.1
Total liabilities and equity
18.7
8.41
5.78
3.43
7.38
16.4
25.1
16.4
19
18.8
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
2.87
-3.15
0.57
-0.81
-0.21
3.16
3.63
-13.3
-1.22
-0.97
Cash from operations
-0.23
-1.88
0.1
-0.51
-0.64
2.56
12.5
-17.2
-6.33
1.95
Cash from financing
0.45
-4.96
-3.26
-1.45
4.19
5.8
5.05
4.58
3.6
1.01
Net change in cash
0.22
-6.84
-3.15
-1.97
3.55
8.36
17.6
-12.7
-2.73
2.96
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.86 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-26.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-28.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-87.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
41.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y
-46.2%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-1.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-9.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
20.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
0.4%
Total liabilities / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
-0.08x
Revenue / average total assets.
Valuation
Metric
Value
How it is calculated
Market cap
$15.8M
Share price x shares outstanding.
Enterprise value
$159.1K
Market cap + total debt - cash - short-term investments.
Earnings yield
-28.7%
Net income / market cap (the inverse of P/E).
What was United States 12 Month Natural Gas Fund, LP's revenue in fiscal 2025?
United States 12 Month Natural Gas Fund, LP reported revenue of $8.1K for fiscal 2025, 28.1% lower than the year before.
Was United States 12 Month Natural Gas Fund, LP profitable in fiscal 2025?
No. It reported a net loss of $971.5K.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.