On March 20, 2026, the United States Natural Gas Fund, LP (the 'Registrant') filed a Form 8-K with the Securities and Exchange Commission (SEC), detailing its financial condition as of December 31, 2025. This filing includes the audited Statements of Financial Condition of United States Commodity Funds LLC, the general partner of the Registrant, for the years 2025 and 2024. The financial statements indicate a total asset value of $6,712,164 for 2025, a decrease from $7,128,612 in 2024. The report highlights current assets of $6,026,129, which includes cash and cash equivalents amounting to $1,540,906 and investments at fair value totaling $2,432,322. The filing also notes that the Registrant is involved in various legal proceedings, although no accruals have been recorded for these matters as of the reporting date. The company has indicated that it is unable to predict the timing or outcome of these legal issues, which could materially affect its financial condition. The filing is considered administrative and does not present any significant new information that would impact the stock price significantly. The Registrant continues to operate under the oversight of its general partner, United States Commodity Funds LLC, which has been involved in legal matters in the past but has resolved some issues with regulatory bodies. Overall, the filing serves as a routine update on the financial status of the fund and its ongoing operations.
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