United States 12 Month Natural Gas Fund (UNL) Enterprise Value (2010 - 2026)
United States 12 Month Natural Gas Fund's (UNL) quarterly Enterprise Value came in at -$1.7 million in Q2 2026, down 1565.18% on a YoY basis from $116265.3 in Q2 2025, and down 537.21% quarter-over-quarter from -$267334.8 in Q1 2026.
Analysis
United States 12 Month Natural Gas Fund (UNL) Enterprise Value (2010 - 2026) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported Enterprise Value for 17 consecutive years, with -$1.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Enterprise Value fell 1565.18% year-over-year to -$1.7 million; the trailing twelve-month figure through Jun 2026 stood at -$1.7 million (down 1565.18% YoY), and the FY2025 full-year result was -$8.5 million, down 895.11% from the prior year.
- Enterprise Value eased to -$1.7 million in Q2 2026 per UNL's latest filing, from -$267334.8 in the prior quarter.
- Across five years, Enterprise Value topped out at $7.5 million in Q4 2022 and bottomed at -$8.5 million in Q4 2025.
- Historically, Enterprise Value has averaged $1.1 million across 5 years, with a median of $1.5 million in 2022.
- The sharpest annual moves came in 2022 and 2026: Enterprise Value soared 672.73% in 2022, then plunged 1565.18% in 2026.
- Over 5 years, Enterprise Value stood at $7.5 million in 2022, then sank by 116.5% to -$1.2 million in 2023, then surged by 186.2% to $1.1 million in 2024, then sank by 895.11% to -$8.5 million in 2025, then soared by 79.96% to -$1.7 million in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$1.7 million, -$267334.8, and -$8.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 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 |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 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 12 Month Natural Gas Fund | 14.88 Mn | -4.07 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.70 Mn |
| Mar 31, 2026 | -267,334.77 |
| Dec 31, 2025 | -8.50 Mn |
| Sep 30, 2025 | -734,047.58 |
| Jun 30, 2025 | -102,300.95 |
| Mar 31, 2025 | 4.47 Mn |
| Dec 31, 2024 | 1.07 Mn |
| Sep 30, 2024 | 2.29 Mn |
| Jun 30, 2024 | 2.48 Mn |
| Mar 31, 2024 | 2.75 Mn |
| Dec 31, 2023 | -1.24 Mn |
| Sep 30, 2023 | 2.81 Mn |
| Jun 30, 2023 | 1.28 Mn |
| Mar 31, 2023 | 4.00 Mn |
| Dec 31, 2022 | 7.52 Mn |
| Sep 30, 2022 | 1.69 Mn |
| Jun 30, 2022 | -5.20 Mn |
| Mar 31, 2022 | 6.67 Mn |
| Dec 31, 2021 | -1.72 Mn |
| Sep 30, 2021 | 940,723.64 |