United States 12 Month Natural Gas Fund (UNL) EV to CFO (2012 - 2026)
United States 12 Month Natural Gas Fund's (UNL) quarterly EV to CFO came in at 1.5 in Q2 2026, up 1866.61% on a YoY basis from 0.08 in Q2 2025, and up 532.67% quarter-over-quarter from 0.24 in Q1 2026.
Analysis
United States 12 Month Natural Gas Fund (UNL) EV to CFO (2012 - 2026) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported EV to CFO for 15 consecutive years, with 1.5 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO rose 1866.61% year-over-year to 1.5; the trailing twelve-month figure through Jun 2026 stood at 0.67 (up 408.65% YoY), and the FY2025 full-year result was 4.36, down 2477.52% from the prior year.
- EV to CFO climbed to 1.5 in Q2 2026 per UNL's latest filing, from 0.24 in the prior quarter.
- Across five years, EV to CFO topped out at 50.01 in Q4 2025 and bottomed at 3.75 in Q2 2022.
- Historically, EV to CFO has averaged 3.83 across 5 years, with a median of 0.16 in 2025.
- The widest YoY moves for EV to CFO: up 6410.51% in 2024, down 612.19% in 2024.
- Over 5 years, EV to CFO stood at 3.57 in 2022, then soared by 112.84% to 0.46 in 2023, then slumped by 612.19% to 2.35 in 2024, then jumped by 2232.35% to 50.01 in 2025, then tumbled by 96.99% to 1.5 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 1.5, 0.24, and 50.01 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 | 1.50 |
| Mar 31, 2026 | 0.24 |
| Dec 31, 2025 | 50.01 |
| Sep 30, 2025 | 5.72 |
| Jun 30, 2025 | 0.08 |
| Mar 31, 2025 | 1.25 |
| Dec 31, 2024 | -2.35 |
| Sep 30, 2024 | -1.73 |
| Jun 30, 2024 | 22.30 |
| Mar 31, 2024 | -0.59 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | -0.96 |
| Jun 30, 2023 | -0.35 |
| Mar 31, 2023 | -0.50 |
| Dec 31, 2022 | -3.57 |
| Sep 30, 2022 | 0.37 |
| Jun 30, 2022 | -3.75 |
| Mar 31, 2022 | 0.77 |
| Dec 31, 2021 | 0.78 |
| Sep 30, 2021 | 0.26 |