United States Natural Gas Fund (UNG) Common Equity (2010 - 2026)
United States Natural Gas Fund (UNG) recorded quarterly Common Equity of $417.7 million in Q2 2026, down 5.89% on a QoQ basis from $443.8 million in Q1 2026, and up 15.85% YoY from $360.5 million in Q2 2025.
Analysis
United States Natural Gas Fund (UNG) Common Equity (2010 - 2026) Analysis & Trends
United States Natural Gas Fund (UNG) has reported Common Equity for 17 consecutive years, with $417.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Common Equity rose 15.85% year-over-year to $417.7 million; the trailing twelve-month figure through Jun 2026 stood at $417.7 million (up 15.85% YoY), and the FY2025 full-year result was $550.6 million, down 25.97% from the prior year.
- Common Equity was $417.7 million for Q2 2026 at United States Natural Gas Fund, down from $443.8 million in the prior quarter.
- The five-year high for Common Equity was $1.2 billion in Q1 2023, with the low at $360.5 million in Q2 2025.
- Historically, Common Equity has averaged $672.8 million across 5 years, with a median of $587.6 million in 2025.
- Annual changes were most pronounced in 2023 — Common Equity surged 200.16% — and 2025, when it sank 49.37%.
- Tracing UNG's Common Equity over 5 years: stood at $429.3 million in 2022, then surged by 126.83% to $973.9 million in 2023, then fell by 23.62% to $743.8 million in 2024, then decreased by 25.97% to $550.6 million in 2025, then dropped by 24.14% to $417.7 million in 2026.
- Per Business Quant data, the three most recent Common Equity figures were $417.7 million in Q2 2026, $443.8 million in Q1 2026, and $550.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 57.84 Bn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | 130.05 Bn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | 60.09 Bn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | 27.26 Bn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 12.18 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | 28.19 Bn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 12.92 Bn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 13.11 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 8.31 Bn |
| 10 | United States Natural Gas Fund | 445.85 Mn | 158.25 Mn | - | 417.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 417.70 Mn |
| Mar 31, 2026 | 443.84 Mn |
| Dec 31, 2025 | 550.64 Mn |
| Sep 30, 2025 | 624.48 Mn |
| Jun 30, 2025 | 360.54 Mn |
| Mar 31, 2025 | 420.93 Mn |
| Dec 31, 2024 | 743.84 Mn |
| Sep 30, 2024 | 889.81 Mn |
| Jun 30, 2024 | 712.08 Mn |
| Mar 31, 2024 | 830.50 Mn |
| Dec 31, 2023 | 973.85 Mn |
| Sep 30, 2023 | 1.16 Bn |
| Jun 30, 2023 | 1.12 Bn |
| Mar 31, 2023 | 1.16 Bn |
| Dec 31, 2022 | 429.34 Mn |
| Sep 30, 2022 | 469.96 Mn |
| Jun 30, 2022 | 414.82 Mn |
| Mar 31, 2022 | 387.60 Mn |
| Dec 31, 2021 | 371.53 Mn |
| Sep 30, 2021 | 413.66 Mn |