United States Natural Gas Fund (UNG) Change in Cash (2012 - 2026)
United States Natural Gas Fund (UNG) recorded quarterly Change in Cash of -$56.7 million in Q2 2026, up 47.13% on a QoQ basis from -$107.3 million in Q1 2026, and down 23.07% YoY from -$73.7 million in Q2 2025.
Analysis
United States Natural Gas Fund (UNG) Change in Cash (2012 - 2026) Analysis & Trends
United States Natural Gas Fund (UNG) has reported Change in Cash for 15 consecutive years, with -$56.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Cash fell 23.07% year-over-year to -$56.7 million; the trailing twelve-month figure through Jun 2026 stood at $26.2 million (up 107.09% YoY), and the FY2025 full-year result was -$100.3 million, up 60.16% from the prior year.
- Change in Cash was -$56.7 million for Q2 2026 at United States Natural Gas Fund, up from -$107.3 million in the prior quarter.
- The five-year high for Change in Cash was $683.0 million in Q1 2023, with the low at -$244.4 million in Q1 2025.
- Historically, Change in Cash has averaged $2.1 million across 5 years, with a median of -$51.4 million in 2025.
- Annual changes were most pronounced in 2022 — Change in Cash surged 4405.15% — and 2023, when it plunged 2211.43%.
- Tracing UNG's Change in Cash over 5 years: stood at -$10.1 million in 2022, then plunged by 2211.43% to -$232.9 million in 2023, then jumped by 39.3% to -$141.4 million in 2024, then soared by 51.97% to -$67.9 million in 2025, then climbed by 16.46% to -$56.7 million in 2026.
- Per Business Quant data, the three most recent Change in Cash figures were -$56.7 million in Q2 2026, -$107.3 million in Q1 2026, and -$67.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 651.00 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 1.21 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 191.90 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | -91.90 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 37.10 Mn |
| 10 | United States Natural Gas Fund | 445.85 Mn | 158.25 Mn | - | -56.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -56.72 Mn |
| Mar 31, 2026 | -107.28 Mn |
| Dec 31, 2025 | -67.90 Mn |
| Sep 30, 2025 | 258.12 Mn |
| Jun 30, 2025 | -46.09 Mn |
| Mar 31, 2025 | -244.41 Mn |
| Dec 31, 2024 | -141.36 Mn |
| Sep 30, 2024 | 62.16 Mn |
| Jun 30, 2024 | -64.20 Mn |
| Mar 31, 2024 | -108.29 Mn |
| Dec 31, 2023 | -232.87 Mn |
| Sep 30, 2023 | 127.22 Mn |
| Jun 30, 2023 | -208.02 Mn |
| Mar 31, 2023 | 683.00 Mn |
| Dec 31, 2022 | -10.07 Mn |
| Sep 30, 2022 | 27.04 Mn |
| Jun 30, 2022 | 189.41 Mn |
| Mar 31, 2022 | -22.56 Mn |
| Dec 31, 2021 | -8.55 Mn |
| Sep 30, 2021 | 120.57 Mn |