Fundies.
English

UNITED STATES 12 MONTH NATURAL GAS FUND, LP

EDGAR
UNL Current report (8-K) · filed 2026-10-30

Annual consolidated revenue for 2025: about Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g -735.9K, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g -925.4K.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments
Watchlist

Latest quarter

Revenue

-1.02 million Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ

2026 Q2 · Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ

Exact inputs and evidence
  • Revenue: -1022235 Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ Source

Net margin

108.12%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: -1105281 Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ Source
  • Revenue: -1022235 Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ Source
Cash and cash equivalents
15.7 million Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ Source
Exact value

15662870 Unit_Standard_USD_-IgpEOlB80-a03Y0xmgIHQ

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 189,514

    Prior period

    −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 925,374

    –

    Current period

    −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 735,860

    –

    Exact inputs and evidence

    -735860 − -925374 = 189514 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

    -925374 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -735860 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    +Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 247,995

    Prior period

    −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 1.22 million

    –

    Current period

    −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 971,479

    –

    Exact inputs and evidence

    -971479 − -1219474 = 247995 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

    -1219474 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -971479 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 8.28 million

    Prior period

    −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 6.33 million

    –

    Current period

    Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 1.95 million

    –

    Exact inputs and evidence

    1951548 − -6326373 = 8277921 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

    -6326373 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1951548 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 735,860
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income −Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 971,479

Cash

  • Operating cash flow Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 1.95 million
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-31-13122983 UnavailableUnavailableUnavailable-13280208 Unavailable
Source
2024 2024-01-01 – 2024-12-31-925374 UnavailableUnavailableUnavailable-1219474 Unavailable
Source
2025 2025-01-01 – 2025-12-31-735860 UnavailableUnavailableUnavailable-971479 Unavailable
Source

Amounts are exact, in Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g -735.9K 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.0M-2.8M-6.6M-10.4M-14.2M202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g)Source evidence
2023Revenue-13122983
2024Revenue-925374
2025Revenue-735860

Revenue growth

Change in revenue from the same financial period one year earlier.

-20.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7%-20%-46%-73%-100%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year-92.9%
2025Year over year-20.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 132% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.143%107%71%36%0%2023-12-312024-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2023Net margin101.2%
2024Net margin131.8%
2025Net margin132%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 2M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.5M-2.1M-7.6M-13.2M-18.8M202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g)Source evidence
2023Operating cash flow-17249846
2024Operating cash flow-6326373
2025Operating cash flow1951548

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g)Source evidence
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
−Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 13.28 million
Exact value

Exact value: -13280208 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

2023-01-01 – 2023-12-31: -13280208 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 17.25 million
Exact value

Exact value: -17249846 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

2023-01-01 – 2023-12-31: -17249846 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 1.22 million
Exact value

Exact value: -1219474 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

2024-01-01 – 2024-12-31: -1219474 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 6.33 million
Exact value

Exact value: -6326373 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

2024-01-01 – 2024-12-31: -6326373 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 971,479
Exact value

Exact value: -971479 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

2025-01-01 – 2025-12-31: -971479 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g 1.95 million
Exact value

Exact value: 1951548 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g

2025-01-01 – 2025-12-31: 1951548 Unit_Standard_USD_HIPOKnA1Z06jlbKMXKHF4g Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

76 filings · 2,199 latest values · 2,199 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001405513, 1405513, UNL, edgar:1405513

Also known as UNITED STATES 12 MONTH NATURAL GAS FUND, LP, United States 12 Month Natural Gas Fund, LP, United States 12 Month Natural Gas Fund, LP