Filing Flows › United States 12 Month Natural Gas Fund, LP (UNL) › Q1 2025
United States 12 Month Natural Gas Fund, LP (UNL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
United States 12 Month Natural Gas Fund, LP (UNL) reported revenue of $4.2M for the first quarter 2025 (Q1 2025) and +669% from the quarter before. Operating margin was 98.6%, net earnings $4.2M (98.6% of revenue).
United States 12 Month Natural Gas Fund, LP, Q1 2025: revenue $4.2M, operating margin 98.6%, net earnings $4.2M, operating cash flow $3.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2M | +669% | — |
| Operating profit | $4.2M | +778% | — |
| Net earnings | $4.2M | +778% | — |
| Operating cash flow | $3.6M | — | — |
What changed
Revenue was $4.2M in Q1 2025, up 669% from the previous quarter.
Operating profit was $4.2M, a 98.6% margin. Net earnings were $4.2M. The effective tax rate was 0.0%.
Operating cash flow was $3.6M, 86% of net earnings. Working capital and other items used $598K.
Questions
What was United States 12 Month Natural Gas Fund, LP's revenue in the first quarter 2025?
United States 12 Month Natural Gas Fund, LP (UNL) reported revenue of $4.2M for the first quarter 2025 (Q1 2025) and +669% from the quarter before.
Was United States 12 Month Natural Gas Fund, LP profitable in the first quarter 2025?
Operating profit was $4.2M (98.6% of revenue) and net earnings $4.2M.
Source: United States 12 Month Natural Gas Fund, LP 10-Q on SEC EDGAR.