# United States 12 Month Natural Gas Fund, LP: overview UNL · NYSE · CIK 1405513 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/unl.md) · [Financials](/companies/unl/financials.md) · [Filings](/companies/unl/filings.md) · [Insiders](/companies/unl/insiders.md) Latest reported revenue: [−$1.0m](/filings/0001104659-26-092634.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0001104659-26-092634). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $k | [(494)](/filings/0001104659-26-023411.md) | [552](/filings/0001104659-26-023411.md) | [4,244](/filings/0001104659-26-057784.md) | [(2,332)](/filings/0001104659-26-092634.md) | [(1,284)](/filings/0001104659-26-023411.md) | [(1,364)](/filings/0001104659-26-023411.md) | [(594)](/filings/0001104659-26-057784.md) | [(1,022)](/filings/0001104659-26-092634.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Net margin | % | [120.6%](/filings/0001104659-26-023411.md) | [86.3%](/filings/0001104659-26-023411.md) | [98.6%](/filings/0001104659-26-057784.md) | [102.2%](/filings/0001104659-26-092634.md) | [105.0%](/filings/0001104659-26-023411.md) | [104.4%](/filings/0001104659-26-023411.md) | [111.1%](/filings/0001104659-26-057784.md) | [108.1%](/filings/0001104659-26-092634.md) | | Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Free cash flow | $k | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:Revenues. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. - Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. - Diluted EPS. XBRL not reported. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [3.3](/filings/0001410578-24-000158.md) | [4.0](/filings/0001410578-25-000266.md) | [(13.1)](/filings/0001104659-26-023411.md) | [(0.9)](/filings/0001104659-26-023411.md) | [(0.7)](/filings/0001104659-26-023411.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | not reported | not reported | not reported | not reported | not reported | | Net margin | % | [96.8%](/filings/0001410578-24-000158.md) | [91.9%](/filings/0001410578-25-000266.md) | [101.2%](/filings/0001104659-26-023411.md) | [131.8%](/filings/0001104659-26-023411.md) | [132.0%](/filings/0001104659-26-023411.md) | | Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | | Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:Revenues. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. - Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. - Diluted EPS. XBRL not reported. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/unl/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $707.3k | 110,684 | | New +110,684 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $343.8k | 53,810 | | Added +32,555 | | [StoneX Group Inc.](/funds/913760.md) | 2026-06-30 | $149.9k | 23,165 | | New +23,165 | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $91.4k | 14,300 | Call | New +14,300 | | [BARCLAYS PLC](/funds/312069.md) | 2026-06-30 | $40.6k | 6,360 | | Unchanged | | [SIMPLEX TRADING, LLC](/funds/1488542.md) | 2026-06-30 | $12.2k | 1,911 | | New +1,911 | | [Ameritas Advisory Services, LLC](/funds/1901275.md) | 2026-06-30 | $11.6k | 1,820 | | New +1,820 | | [Vermillion Wealth Management, Inc.](/funds/1737012.md) | 2026-06-30 | $5.7k | 889 | | Unchanged | | [PNC Financial Services Group, Inc.](/funds/713676.md) | 2026-06-30 | $4.6k | 720 | | Unchanged | | [OSAIC HOLDINGS, INC.](/funds/1677044.md) | 2026-06-30 | $4.1k | 635 | | Unchanged | ## Recent filings [All 470 filings](/companies/unl/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-30 | 11:21 ET | [8-K](/filings/0001104659-26-120522.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-120522 | | 2026-09-29 | 12:39 ET | [8-K](/filings/0001104659-26-111781.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-111781 | | 2026-09-25 | 17:30 ET | [8-K](/filings/0002071876-26-000224.md) | 1.01 Entry into a material agreement | 0002071876-26-000224 | | 2026-08-28 | 08:26 ET | [8-K](/filings/0001104659-26-102790.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-102790 | | 2026-08-07 | 15:02 ET | [10-Q](/filings/0001104659-26-092634.md) | Quarterly report, period 2026-06-30 | 0001104659-26-092634 | | 2026-07-29 | 08:35 ET | [8-K](/filings/0001104659-26-087861.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-087861 | | 2026-06-29 | 08:21 ET | [8-K](/filings/0001104659-26-078526.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-078526 | | 2026-05-28 | 08:30 ET | [8-K](/filings/0001104659-26-067266.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-067266 | | 2026-05-08 | 14:04 ET | [10-Q](/filings/0001104659-26-057784.md) | Quarterly report, period 2026-03-31 | 0001104659-26-057784 | | 2026-04-29 | 08:29 ET | [8-K](/filings/0001104659-26-050935.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-050935 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-023411.md), filed Mar 4, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/288107b4-ba73-41e9-b2b5-6015b14feaae) ## About the filer - CIK: 1405513 - Tickers: UNL - Exchange: NYSE - SIC code: 6221 Commodity Contracts Brokers & Dealers - State of incorporation: not reported - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 11:22 ET. No prices; not investment advice.