United States Natural Gas Fund (UNG) Non Operating Investment Income (2009 - 2026)
United States Natural Gas Fund (UNG) recorded quarterly Non Operating Investment Income of -$12.9 million in Q2 2026, down 109.78% on a QoQ basis from $131.5 million in Q1 2026, and up 69.36% YoY from -$7.6 million in Q2 2025.
Analysis
United States Natural Gas Fund (UNG) Non Operating Investment Income (2009 - 2026) Analysis & Trends
United States Natural Gas Fund (UNG) has reported Non Operating Investment Income for 18 consecutive years, with -$12.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Non Operating Investment Income rose 69.36% year-over-year to -$12.9 million; the trailing twelve-month figure through Jun 2026 stood at $70.2 million (up 21.95% YoY), and the FY2025 full-year result was $138.3 million, up 389.88% from the prior year.
- Non Operating Investment Income was -$12.9 million for Q2 2026 at United States Natural Gas Fund, down from $131.5 million in the prior quarter.
- The five-year high for Non Operating Investment Income was $228.7 million in Q1 2025, with the low at -$483.3 million in Q1 2023.
- Historically, Non Operating Investment Income has averaged -$18.6 million across 5 years, with a median of -$2.8 million in 2023.
- Annual changes were most pronounced in 2022 — Non Operating Investment Income soared 1665.45% — and 2024, when it plunged 2355.68%.
- Tracing UNG's Non Operating Investment Income over 5 years: stood at -$155.0 million in 2022, then slumped by 49.41% to -$231.5 million in 2023, then soared by 114.4% to $33.3 million in 2024, then sank by 74.76% to $8.4 million in 2025, then slumped by 252.83% to -$12.9 million in 2026.
- Per Business Quant data, the three most recent Non Operating Investment Income figures were -$12.9 million in Q2 2026, $131.5 million in Q1 2026, and $8.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Investment Income (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 283.00 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | -23.94 Bn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | -10.47 Bn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | -4.12 Bn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 120.60 Mn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | -7.80 Bn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | - |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | - |
| 10 | United States Natural Gas Fund | 445.85 Mn | 158.25 Mn | - | -12.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.86 Mn |
| Mar 31, 2026 | 131.47 Mn |
| Dec 31, 2025 | 8.42 Mn |
| Sep 30, 2025 | -56.80 Mn |
| Jun 30, 2025 | -41.97 Mn |
| Mar 31, 2025 | 228.67 Mn |
| Dec 31, 2024 | 33.35 Mn |
| Sep 30, 2024 | -162.46 Mn |
| Jun 30, 2024 | 212.72 Mn |
| Mar 31, 2024 | -131.32 Mn |
| Dec 31, 2023 | -231.54 Mn |
| Sep 30, 2023 | 7.20 Mn |
| Jun 30, 2023 | -55.30 Mn |
| Mar 31, 2023 | -483.29 Mn |
| Dec 31, 2022 | -154.97 Mn |
| Sep 30, 2022 | 80.32 Mn |
| Jun 30, 2022 | 135.19 Mn |
| Mar 31, 2022 | 158.13 Mn |
| Dec 31, 2021 | -190.26 Mn |
| Sep 30, 2021 | 132.04 Mn |