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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›UNG›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

United States Natural Gas Fund, LP (UNG) financials

Income statement

United States Natural Gas Fund, LP (UNG) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$105M-$187M$115M-$73.6M-$197M$22.1M$80.0M———
Revenue growth—-278.4%161.4%-164.1%-168.2%111.2%261.3%———
Net income$98.7M-$193M$110M-$77.6M-$203M$18.4M$75.0M-$671M$65.1M$34.2M
Net margin94.2%103.4%95.8%105.5%102.8%83.1%93.8%———

Cash flow

United States Natural Gas Fund, LP (UNG) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$166M-$256M$233M-$124M-$209M$7.18M$216M-$865M$47.5M$127M

Balance sheet

United States Natural Gas Fund, LP (UNG) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$523M$551M$259M$376M$343M$248M$318M$678M$594M$438M
Total assets$610M$708M$293M$446M$426M$377M$431M$988M$790M$579M
Total liabilities$72.3M$55.8M$44.9M$1.04M$11.6M$5.52M$1.34M$13.9M$46.2M$28.8M

Every figure is extracted from United States Natural Gas Fund, LP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

Does UNG pay a dividend?
United States Natural Gas Fund, LP reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full UNG analysis — verdict, score & filings →Is UNG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.