United States 12 Month Natural Gas Fund (UNL) Common Equity (2010 - 2026)
United States 12 Month Natural Gas Fund's (UNL) quarterly Common Equity came in at $17.3 million in Q2 2026, up 41.82% on a YoY basis from $12.2 million in Q2 2025, and up 11.67% quarter-over-quarter from $15.5 million in Q1 2026.
Analysis
United States 12 Month Natural Gas Fund (UNL) Common Equity (2010 - 2026) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported Common Equity for 17 consecutive years, with $17.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Common Equity rose 41.82% year-over-year to $17.3 million; the trailing twelve-month figure through Jun 2026 stood at $17.3 million (up 41.82% YoY), and the FY2025 full-year result was $18.7 million, changed 0.21% from the prior year.
- Common Equity advanced to $17.3 million in Q2 2026 per UNL's latest filing, from $15.5 million in the prior quarter.
- Across five years, Common Equity topped out at $38.5 million in Q3 2022 and bottomed at $10.4 million in Q3 2025.
- Historically, Common Equity has averaged $19.7 million across 5 years, with a median of $17.3 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Common Equity soared 272.13% in 2022, then sank 56.29% in 2023.
- Over 5 years, Common Equity stood at $25.0 million in 2022, then sank by 34.8% to $16.3 million in 2023, then climbed by 14.58% to $18.7 million in 2024, then rose by 0.21% to $18.7 million in 2025, then decreased by 7.35% to $17.3 million in 2026.
- According to Business Quant data, Common Equity over the past three periods registered $17.3 million, $15.5 million, and $18.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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 12 Month Natural Gas Fund | 14.88 Mn | -4.07 Mn | - | 17.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.34 Mn |
| Mar 31, 2026 | 15.52 Mn |
| Dec 31, 2025 | 18.71 Mn |
| Sep 30, 2025 | 10.45 Mn |
| Jun 30, 2025 | 12.22 Mn |
| Mar 31, 2025 | 16.42 Mn |
| Dec 31, 2024 | 18.67 Mn |
| Sep 30, 2024 | 20.19 Mn |
| Jun 30, 2024 | 18.22 Mn |
| Mar 31, 2024 | 17.10 Mn |
| Dec 31, 2023 | 16.30 Mn |
| Sep 30, 2023 | 16.84 Mn |
| Jun 30, 2023 | 17.27 Mn |
| Mar 31, 2023 | 14.57 Mn |
| Dec 31, 2022 | 24.99 Mn |
| Sep 30, 2022 | 38.53 Mn |
| Jun 30, 2022 | 37.14 Mn |
| Mar 31, 2022 | 23.29 Mn |
| Dec 31, 2021 | 16.31 Mn |
| Sep 30, 2021 | 15.93 Mn |