United States Natural Gas Fund, LP (UNG): For the Month Ended September 30, 2026
United States Natural Gas Fund, LP (UNG) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 United States Natural Gas Fund, LP Monthly Account Statement For the Month Ended September 30, 2026 Statement of Income (Loss) Income Realized Trading Gain (Loss) on Commodity Futures $ 25,123,615 Realized Gain (Loss) on Swap Contracts (1,504,181 ) Unrealized Gain (L
How this was made
The 30-second read
Why it matters
The statement reports realized/unrealized gains and losses on commodity futures and swaps, plus dividend and interest income, culminating in a net loss and month-end NAV per share.
Market read
Provides month-end NAV per share and P&L attribution for UNG’s natural-gas exposure, useful for fund-tracking and risk attribution but not a standalone catalyst.
What to watch
Traders may focus more on contemporaneous natural gas spot/futures and implied volatility than on the accounting breakdown, so the NAV disclosure may matter mainly for longer-horizon tracking and risk models.
Background
UNG is a commodity pool/ETP that uses commodity futures and swap contracts; Regulation FD disclosures can include monthly account statements with NAV and P&L components.
Ticker impact
UNG files its monthly account statement for the month ended Sept. 30, 2026, reporting NAV per share of $10.41 and net loss of $(518,685).
Likely limited immediate impact, with traders using the NAV and futures/swap P&L breakdown to gauge month-end performance and positioning rather than expecting a discrete reprice catalyst.
This is a Regulation FD monthly disclosure with detailed P&L and NAV math, but it does not announce a new policy change, distribution decision, or structural event beyond the reported month-end figures.
Market effects
Adds data on natural-gas-linked ETF performance drivers (commodity futures and swap valuation) that can marginally affect sentiment toward gas-linked ETPs.
None specific beyond US-listed natural-gas ETP flows.
None specific; the disclosure is fund-specific rather than a global gas market shock.
Counterpoint
Because this is a monthly statement, most of the underlying commodity move is already reflected in UNG’s price; the incremental trading signal may be small.
Key entities
- ETF/Commodity ETPUnited States Natural Gas Fund, LP
Subject of the SEC 8-K Regulation FD monthly account statement for the month ended Sept. 30, 2026.
- General partnerUnited States Commodity Funds LLC
General partner and signatory for the monthly account statement disclosure.
