United States Natural Gas Fund (UNG) Revenue (2009 - 2025)
United States Natural Gas Fund (UNG) recorded quarterly Revenue of $5.4 million in Q4 2025, down 90.14% on a QoQ basis from $54.5 million in Q3 2025, and down 90.45% YoY from $56.2 million in Q4 2024.
Analysis
United States Natural Gas Fund (UNG) Revenue (2009 - 2025) Analysis & Trends
United States Natural Gas Fund (UNG) has reported Revenue for 16 consecutive years, with $5.4 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Revenue fell 90.45% year-over-year to $5.4 million; the trailing twelve-month figure through Dec 2025 stood at $391.9 million (down 1.84% YoY), and the FY2025 full-year result was $5.4 million, down 90.45% from the prior year.
- Revenue was $5.4 million for Q4 2025 at United States Natural Gas Fund, down from $54.5 million in the prior quarter.
- The five-year high for Revenue was $443.6 million in Q1 2023, with the low at $4.4 million in Q3 2024.
- Historically, Revenue has averaged $135.6 million across 5 years, with a median of $118.6 million in 2022.
- Annual changes were most pronounced in 2024 — Revenue slumped 94.37% — and 2025, when it jumped 1125.75%.
- Tracing UNG's Revenue over 5 years: stood at $219.1 million in 2021, then slipped by 11.53% to $193.8 million in 2022, then grew by 29.63% to $251.2 million in 2023, then sank by 77.62% to $56.2 million in 2024, then sank by 90.45% to $5.4 million in 2025.
- Per Business Quant data, the three most recent Revenue figures were $5.4 million in Q4 2025, $54.5 million in Q3 2025, and $121.3 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 7.08 Bn |
| 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 | 3.91 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 2.36 Bn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 1.83 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 640.70 Mn |
| 10 | United States Natural Gas Fund | 445.85 Mn | 158.25 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 5.37 Mn |
| Sep 30, 2025 | 54.50 Mn |
| Jun 30, 2025 | 121.29 Mn |
| Mar 31, 2025 | 210.75 Mn |
| Dec 31, 2024 | 56.24 Mn |
| Sep 30, 2024 | 4.45 Mn |
| Jun 30, 2024 | 176.59 Mn |
| Mar 31, 2024 | 162.01 Mn |
| Dec 31, 2023 | 251.23 Mn |
| Sep 30, 2023 | 78.99 Mn |
| Jun 30, 2023 | 113.06 Mn |
| Mar 31, 2023 | 443.58 Mn |
| Dec 31, 2022 | 193.80 Mn |
| Sep 30, 2022 | 115.94 Mn |
| Jun 30, 2022 | 53.07 Mn |
| Mar 31, 2022 | 210.95 Mn |
| Dec 31, 2021 | 219.05 Mn |
| Sep 30, 2021 | 134.76 Mn |
| Jun 30, 2021 | 76.64 Mn |
| Mar 31, 2021 | 29.81 Mn |