8-K: Natural Gas Fund Reports May 2026 Performance

United States 12 Month Natural Gas Fund, LP disclosed its monthly account statement for May 2026, showing a net income of $253,265.

Summary

• The United States 12 Month Natural Gas Fund, LP has released its monthly account statement for the period ending May 31, 2026.
• The fund reported a net income of $253,265 for the month.
• This net income was driven by a net realized and unrealized gain on commodity futures, dividend income, and interest income, partially offset by expenses.
• The Net Asset Value (NAV) of the fund increased from $15,959,328 at the beginning of May 2026 to $18,459,672 at the end of the month.
• The NAV per share was calculated at $6.59 as of May 31, 2026, based on 2,800,000 shares outstanding.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While there was a net income and an increase in NAV, the significant realized loss on commodity futures indicates inherent risks and volatility in the fund's strategy.

Positives

• The fund achieved a net income of $253,265 for the month of May 2026.
• The Net Asset Value (NAV) increased by $2,500,344 during May 2026, reaching $18,459,672.
• There was a positive unrealized gain on commodity futures of $666,857.
• Dividend income of $39,190 and interest income of $8,617 contributed positively to the fund's performance.

Negatives

• The fund experienced a realized trading loss on commodity futures amounting to $432,488.
• Total expenses for the month were $29,961, including management fees, professional fees, and brokerage commissions.

Risks

• The fund's performance is subject to the volatility of natural gas commodity futures prices, as evidenced by the realized trading loss.
• Market fluctuations in commodity futures can lead to significant unrealized gains or losses.

Future Outlook

No specific forward-looking statements or guidance were provided in this monthly account statement filing.

Management Comments

• 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 May 31, 2026 is accurate and complete.

Industry Context

StockSavvy.ai notes that this filing provides a routine monthly performance update for a natural gas-focused investment fund. The results reflect the typical volatility associated with commodity futures trading, with both realized losses and unrealized gains present in the reported period.

Stakeholder Impact

• Shareholders: The NAV per share of $6.59 and the overall increase in NAV suggest a positive return for the month, though the realized loss highlights potential downside risk.

Next Steps

• The fund will continue to operate and report its monthly account statements as required.

Key Dates

Keywords

Natural Gas Fund, Commodity Futures, SEC Filing, 8-K, Monthly Account Statement, Net Asset Value, Income Statement, Financial Report, Investment Fund