$UNL
United States 12 Month Natural Gas Fund, LP

2024 Q4 Form 10-Q Financial Statement

#000141057824001822 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $552.1K -$494.1K
YoY Change -112.15% -43.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $75.38K $106.8K
YoY Change -28.72% 20.71%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $476.7K -$596.1K
YoY Change -110.39% -35.31%
Net Earnings / Revenue 86.35%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 2.650M 2.400M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.86M $18.60M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $19.05M $20.30M
YoY Change 16.2% 20.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $373.4K $111.2K
YoY Change 298.16% 104.6%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $19.05M $20.30M
YoY Change 16.2% 20.17%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $476.7K -$596.1K
YoY Change -110.39% -35.31%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Entity Registrant Name
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United States 12 Month Natural Gas Fund, LP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-0431733
dei Entity Address Address Line1
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1850 Mt. Diablo Boulevard, Suite 640
dei Entity Address City Or Town
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dei Entity Address State Or Province
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dei Local Phone Number
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dei Security12b Title
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us-gaap Incentive Distribution Policy Managing Member Or General Partner Description
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Partnership Capital and Allocation of Partnership Income and Losses</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Profit or loss shall be allocated among the partners of UNL in proportion to the weighted-average number of shares each partner holds as of the close of each month. USCF may revise, alter or otherwise modify this method of allocation as described in the LP Agreement.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of condensed financial statements in conformity with U.S. GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of the revenue and expenses during the reporting period. Actual results may differ from those estimates and assumptions.</p>
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TotalIncomeLossPerUnit
-0.61
unl Total Income Loss Per Unit
TotalIncomeLossPerUnit
-0.56
unl Total Income Loss Per Unit
TotalIncomeLossPerUnit
-6.29
CY2024Q3 unl Total Expenses Per Unit
TotalExpensesPerUnit
-0.04
CY2023Q3 unl Total Expenses Per Unit
TotalExpensesPerUnit
-0.03
unl Total Expenses Per Unit
TotalExpensesPerUnit
-0.10
unl Total Expenses Per Unit
TotalExpensesPerUnit
-0.08
CY2024Q3 unl Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
-0.36
CY2023Q3 unl Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
-0.64
unl Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
-0.66
unl Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
-6.37
CY2024Q3 unl Net Asset Value Per Unit
NetAssetValuePerUnit
7.92
CY2023Q3 unl Net Asset Value Per Unit
NetAssetValuePerUnit
10.87
CY2024Q3 unl Net Asset Value Per Unit
NetAssetValuePerUnit
7.92
CY2023Q3 unl Net Asset Value Per Unit
NetAssetValuePerUnit
10.87
CY2024Q3 unl Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
-0.0435
CY2023Q3 unl Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
-0.0556
unl Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
-0.0769
unl Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
-0.3695
CY2024Q3 unl Percentage Of Total Revenue
PercentageOfTotalRevenue
-0.0271
CY2023Q3 unl Percentage Of Total Revenue
PercentageOfTotalRevenue
-0.0501
unl Percentage Of Total Revenue
PercentageOfTotalRevenue
-0.0825
unl Percentage Of Total Revenue
PercentageOfTotalRevenue
-0.5134
CY2024Q3 unl Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0060
CY2023Q3 unl Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0075
unl Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0066
unl Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0075
CY2024Q3 unl Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0173
CY2023Q3 unl Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0124
unl Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0157
unl Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0101
CY2024Q3 unl Percentage Waiver Expense
PercentageWaiverExpense
-0.0010
CY2023Q3 unl Percentage Waiver Expense
PercentageWaiverExpense
-0.0109
unl Percentage Waiver Expense
PercentageWaiverExpense
-0.0060
unl Percentage Waiver Expense
PercentageWaiverExpense
-0.0086
CY2024Q3 unl Expense Excluding Management Fee Percentage Net
ExpenseExcludingManagementFeePercentageNet
0.0163
CY2023Q3 unl Expense Excluding Management Fee Percentage Net
ExpenseExcludingManagementFeePercentageNet
0.0015
unl Expense Excluding Management Fee Percentage Net
ExpenseExcludingManagementFeePercentageNet
0.0097
unl Expense Excluding Management Fee Percentage Net
ExpenseExcludingManagementFeePercentageNet
0.0015
CY2024Q3 unl Percentage Of Consolidated Net Income
PercentageOfConsolidatedNetIncome
-0.0328
CY2023Q3 unl Percentage Of Consolidated Net Income
PercentageOfConsolidatedNetIncome
-0.0523
unl Percentage Of Consolidated Net Income
PercentageOfConsolidatedNetIncome
-0.0947
unl Percentage Of Consolidated Net Income
PercentageOfConsolidatedNetIncome
-0.5201
CY2024Q2 unl Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0075
CY2024Q2 unl Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0060
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 unl Rule10b51arrangementmodifiedflag
Rule10b51arrangementmodifiedflag
false
CY2024Q3 unl Nonrule10b51arrangementmodifiedflag
Nonrule10b51arrangementmodifiedflag
false

Files In Submission

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0001410578-24-001822-index-headers.html Edgar Link pending
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0001410578-24-001822.txt Edgar Link pending
0001410578-24-001822-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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