EX-99.1 2 tm248771d2_ex99-1.htm EXHIBIT 99.1

  

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(248,890,440)
Realized Gain (Loss) on Swap Contracts   (13,230,479)
Unrealized Gain (Loss) on Market Value of Commodity Futures   165,884,920 
Unrealized gain (loss) on Fair Value of Swap Contracts   973 
Dividend Income   262,674 
Interest Income   2,613,288 
ETF Transaction Fees   27,000 
Total Income (Loss)  $(93,332,064)
      
Expenses     
General Partner Management Fees  $366,073 
Professional Fees   136,505 
Brokerage Commissions   308,320 
Directors' Fees and insurance   24,879 
License fees   9,151 
Total Expenses  $844,928 
Net Income (Loss)  $(94,176,992)
      
Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 2/1/24  $743,394,731 
Additions (21,300,000 Shares)   339,644,971 
Withdrawals (7,300,000 Shares)   (120,125,967)
Net Income (Loss)   (94,176,992)
      
Net Asset Value End of Month  $868,736,743 
Net Asset Value Per Share (52,246,103 Shares)  $16.63 

  

To the Limited Partners of United States 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 February 29, 2024 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596