United States Natural Gas Fund, LP (UNG) Stock Price & Analysis
United States Natural Gas Fund, LP (UNG) closed at USD 9.89 on Thursday, October 22, 2026, down 0.80% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.97; the Oct 22, 2026 session ranged USD 9.88–10.1 on volume of 21,673,197 shares. Market capitalization is —, with a 52-week range of USD 9.55–17.03 (PCX). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/UNG.md
Key facts (UNG)
- Total return with dividends: 1Y -23.5% vs S&P 500 +14.9%; 5Y -86.5% vs S&P 500 +80.3%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (UNG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $22.1M | $80.0M | — | — | — | — |
| Net income | $18.4M | $75.0M | -$671M | $65.1M | $34.2M | $72.9M |
| Net margin | 83.1% | 93.8% | — | — | — | — |
| Revenue growth | +111.2% | +261.3% | — | — | — | — |
| Cash + short-term investments | $248M | $318M | $678M | $594M | $438M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (UNG)
Total return (dividends reinvested) (UNG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -23.5% | -86.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.6% | -33.0% |
| Volatility (annualized) | 59.3% | 63.2% |
| Max drawdown | -43.0% (Jan 2026→Aug 2026) | -92.4% (Aug 2022→Aug 2026) |
UNG options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 28, 2026 | 5 | 51.9% | ±5.5% |
| Oct 30, 2026 | 7 | 56.0% | ±6.7% |
| Nov 4, 2026 | 12 | 53.7% | ±8.2% |
| Nov 6, 2026 | 14 | 60.2% | ±9.9% |
| Nov 13, 2026 | 21 | 61.6% | ±12.2% |
| Nov 20, 2026 | 28 | 62.0% | ±14.1% |
| Nov 27, 2026 | 35 | 63.8% | ±16.1% |
| Dec 4, 2026 | 42 | 62.7% | ±17.3% |
30-day implied volatility 61.4% vs 44.1% realized over the last 30 trading days. Put/call ratio (volume) 0.27. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 9.89 |
|---|---|
| Change | ▼ 0.80% (down) |
| Previous Close | USD 9.97 |
| Open | USD 10 |
| Day Range | USD 9.88 – 10.1 |
| 52-Week Range | USD 9.55 – 17.03 |
| Volume | 21,673,197 shares |
| Market Cap | — |
| Exchange | PCX |
Technical Analysis (UNG)
Nexqual's technical model rates UNG "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 37.97 (neutral) |
| vs SMA50 | Below (USD 10.49) |
| MACD | -0.06 (negative) |
Financial Health Score (UNG)
Nexqual rates United States Natural Gas Fund, LP's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:37 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Mixed — No data |
| Balance Sheet | Mixed — No data |
| Cash Flow | Solid — Operating cash flow $127M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — No data |
From United States Natural Gas Fund, LP's Latest SEC 10-K Filing (filed 2026-02-27)
Partnerships
- To reduce the credit risk that arises in connection with such contracts, UNG will generally enter into an agreement with each counterparty based on the Master Agreement published by the International Swaps and Derivatives Association, Inc. ("ISDA") that provides for the netting of its overall exposure to its counterparty and requires the posting by each party to cover the mark - to - market exposure of a counterparty to the other counterparty.
- On October 8, 2013, USCF entered into a Futures and Cleared Derivatives Transactions Customer Account Agreement with RBC Capital Markets, LLC ("RBC Capital" or "RBC") to serve as UNG's FCM, effective October 10, 2013.
Legal & Regulatory Risks (Item 1A, quoted)
- UNG's rights under an OTC contract may be restricted by regulations.
- Regulatory changes or actions, including the implementation of new legislation, are impossible to predict but may significantly and adversely affect UNG.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| USO | United States Oil Fund | USD 162.51 | ▲ 1.7% |
| BOIL | ProShares Ultra Bloomberg Natur | USD 18.08 | ▼ 1.9% |
| DBA | Invesco DB Agriculture Fund | USD 27.92 | ▼ 0.71% |
| GDX | VanEck Gold Miners ETF | USD 81.69 | ▼ 5.8% |
| UUP | Invesco DB USD Index Bullish Fu | USD 28.9 | ▼ 0.07% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
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