Filing Flows › United States 12 Month Natural Gas Fund, LP (UNL) › How it makes money
How United States 12 Month Natural Gas Fund, LP (UNL) makes money
United States 12 Month Natural Gas Fund, LP (UNL) made $4.2M of revenue in the first quarter 2025 (Q1 2025). Of every dollar of revenue, 99¢ was left as operating profit, 99¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 2025 | % of revenue |
|---|---|---|
| Revenue | $4.2M | 100.0% |
| Operating profit | $4.2M | 98.6% |
| Net earnings | $4.2M | 98.6% |
| Operating cash flow | $3.6M | 84.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 2025 | $4.2M | — |
| Q4 2024 | $552K | — |
From United States 12 Month Natural Gas Fund, LP's 10-Q filed May 9, 2025 (on EDGAR).
Questions
How does United States 12 Month Natural Gas Fund, LP make money?
United States 12 Month Natural Gas Fund, LP (UNL) made $4.2M of revenue in the first quarter 2025 (Q1 2025). Of every dollar of revenue, 99¢ was left as operating profit, 99¢ was left as net earnings.
What is United States 12 Month Natural Gas Fund, LP's profit margin?
Net earnings were $4.2M, 98.6% of revenue, in the first quarter 2025; the operating margin was 98.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.