United States 12 Month Natural Gas Fund, LP (UNL) Stock Price & Analysis
United States 12 Month Natural Gas Fund, LP (UNL) closed at USD 5.34 on Friday, October 23, 2026, down 0.84% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 5.34; the Oct 23, 2026 session ranged USD 5.29–5.35 on volume of 53,747 shares. Market capitalization is —, with a 52-week range of USD 5.29–9.11 (PCX). Source: Nexqual, retrieved October 23, 2026 at 22:08 UTC.
Also available as compact Markdown for AI agents: nexqual.com/UNL.md
Key facts (UNL)
- Last four reported quarters (through Jun 30, 2026): revenue -$4.3M, net income -$4.5M (106.4% margin) (SEC filings).
- Total return with dividends: 1Y -32.7% vs S&P 500 +13.4%; 5Y -62.6% vs S&P 500 +76.9%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (UNL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.3M | $4.0M | -$13.1M | -$925K | -$736K | -$4.3M |
| Net income | $3.2M | $3.6M | -$13.3M | -$1.2M | -$971K | -$4.5M |
| Net margin | 96.8% | 91.9% | 101.2% | 131.8% | 132.0% | 106.4% |
| Revenue growth | +1999.3% | +21.1% | -432.1% | +92.9% | +20.5% | — |
| Cash + short-term investments | $14.4M | $22.0M | $14.5M | $17.9M | $18.2M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (UNL)
Total return (dividends reinvested) (UNL)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -32.7% | -62.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -32.8% | -17.9% |
| Volatility (annualized) | 35.0% | 42.0% |
| Max drawdown | -40.1% (Dec 2025→Oct 2026) | -80.7% (Aug 2022→Oct 2026) |
UNL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 39.4% | ±14.8% |
| Mar 19, 2027 | 147 | 45.9% | ±20.7% |
30-day implied volatility 34.8% vs 22.3% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 22:08 UTC)
| Price | USD 5.34 |
|---|---|
| Change | ▼ 0.84% (down) |
| Previous Close | USD 5.34 |
| Open | USD 5.34 |
| Day Range | USD 5.29 – 5.35 |
| 52-Week Range | USD 5.29 – 9.11 |
| Volume | 53,747 shares |
| Market Cap | — |
| Exchange | PCX |
Technical Analysis (UNL)
Nexqual's technical model rates UNL "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 22:08 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 28.53 (oversold) |
| vs SMA50 | Below (USD 5.78) |
| MACD | -0.1 (negative) |
From United States 12 Month Natural Gas Fund, LP's Latest SEC 10-K Filing (filed 2026-03-04)
Partnerships
- To reduce the credit risk that arises in connection with such contracts, UNL 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 UNL's FCM, effective October 10, 2013.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory changes or actions, including the implementation of new legislation is impossible to predict but may significantly and adversely affect UNL.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| USL | United States 12 Month Oil | USD 64.08 | ▲ 2.38% |
| FCG | First Trust Natural Gas ETF | USD 32.12 | ▲ 3.45% |
| UGA | United States Gasoline Fund LP | USD 144.92 | ▲ 1.78% |
| KOLD | ProShares UltraShort Bloomberg | USD 30.94 | ▲ 3.17% |
| DBE | Invesco DB Energy Fund | USD 41.02 | ▲ 2.68% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 22:08 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt