United States 12 Month Natural Gas Fund (UNL) Enterprise Value (2010 - 2026)

United States 12 Month Natural Gas Fund posted quarterly Enterprise Value of -$17.2 million for Q1 2026, down 14.41% year-on-year from -$20.1 million in Q1 2025, and up 17.53% on a QoQ basis from -$20.8 million in Q4 2025.

United States 12 Month Natural Gas Fund (UNL) has 17 years of Enterprise Value data on file, last reported at -$17.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Enterprise Value fell 14.41% year-over-year to -$17.2 million; the trailing twelve-month figure through Mar 2026 stood at -$17.2 million (down 14.41% YoY), and the FY2025 full-year result was -$20.8 million, down 16.58% from the prior year.
  • Enterprise Value for Q1 2026 stood at -$17.2 million, up from -$20.8 million in the prior quarter.
  • Across five years, Enterprise Value topped out at -$11.3 million in Q3 2025 and bottomed at -$37.7 million in Q2 2022.
  • The 5-year median for Enterprise Value is -$17.2 million (2026), against an average of -$18.5 million.
  • The widest annual swing landed in 2022, when Enterprise Value sank 329.21%; it then soared 60.57% in 2023.
  • A 5-year view of Enterprise Value shows it stood at -$22.0 million in 2022, then surged by 34.3% to -$14.5 million in 2023, then fell by 23.36% to -$17.9 million in 2024, then slipped by 16.58% to -$20.8 million in 2025, then rose by 17.53% to -$17.2 million in 2026.
  • The last three Enterprise Value figures came in at -$17.2 million (Q1 2026), -$20.8 million (Q4 2025), and -$11.3 million (Q3 2025), per Business Quant data.

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 -17.17 Mn
Dec 31, 2025 -20.82 Mn
Sep 30, 2025 -11.30 Mn
Jun 30, 2025 -11.86 Mn
Mar 31, 2025 -15.01 Mn
Dec 31, 2024 -17.86 Mn
Sep 30, 2024 -18.60 Mn
Jun 30, 2024 -17.35 Mn
Mar 31, 2024 -15.06 Mn
Dec 31, 2023 -14.48 Mn
Sep 30, 2023 -14.27 Mn
Jun 30, 2023 -14.87 Mn
Mar 31, 2023 -12.21 Mn
Dec 31, 2022 -22.04 Mn
Sep 30, 2022 -32.49 Mn
Jun 30, 2022 -37.70 Mn
Mar 31, 2022 -21.19 Mn
Dec 31, 2021 -14.36 Mn
Sep 30, 2021 -13.82 Mn
Jun 30, 2021 -8.78 Mn
Mar 31, 2021 -7.42 Mn
Dec 31, 2020 -6.50 Mn
Sep 30, 2020 -6.00 Mn
Jun 30, 2020 -4.04 Mn
Mar 31, 2020 -2.49 Mn
Dec 31, 2019 -2.99 Mn
Sep 30, 2019 -3.44 Mn
Jun 30, 2019 -3.53 Mn
Mar 31, 2019 -3.64 Mn
Dec 31, 2018 -5.17 Mn
Sep 30, 2018 -4.93 Mn
Jun 30, 2018 -5.62 Mn
Mar 31, 2018 -6.59 Mn
Dec 31, 2017 -7.22 Mn
Sep 30, 2017 -8.39 Mn
Jun 30, 2017 -8.65 Mn
Mar 31, 2017 -10.40 Mn
Dec 31, 2016 -15.06 Mn
Sep 30, 2016 -12.93 Mn
Jun 30, 2016 -11.79 Mn
Mar 31, 2016 -10.89 Mn
Dec 31, 2015 -11.22 Mn
Sep 30, 2015 -12.93 Mn
Jun 30, 2015 -13.66 Mn
Mar 31, 2015 -15.76 Mn
Dec 31, 2014 -15.11 Mn
Sep 30, 2014 -14.55 Mn
Jun 30, 2014 -16.57 Mn
Mar 31, 2014 -18.72 Mn
Dec 31, 2013 -25.51 Mn
Sep 30, 2013 -25.19 Mn
Jun 30, 2013 -24.15 Mn
Mar 31, 2013 -35.71 Mn
Dec 31, 2012 -39.67 Mn
Sep 30, 2012 -41.39 Mn
Jun 30, 2012 -33.78 Mn
Mar 31, 2012 -25.76 Mn
Dec 31, 2011 -19.72 Mn
Sep 30, 2011 -28.82 Mn
Dec 31, 2010 -30.31 Mn