United States 12 Month Natural Gas Fund UNL
NYSE UNL
$5.88 +0.01 (+0.19%)
As of: Sep 8, 2026 · 3:55 PM EDT

United States 12 Month Natural Gas Fund (UNL) EV to FCF (2012 - 2026)

United States 12 Month Natural Gas Fund's (UNL) quarterly EV to FCF 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 FCF (2012 - 2026) Analysis & Trends

United States 12 Month Natural Gas Fund (UNL) has reported EV to FCF for 15 consecutive years, with 1.5 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EV to FCF 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 FCF climbed to 1.5 in Q2 2026 per UNL's latest filing, from 0.24 in the prior quarter.
  • Across five years, EV to FCF topped out at 50.01 in Q4 2025 and bottomed at 3.75 in Q2 2022.
  • Historically, EV to FCF has averaged 3.83 across 5 years, with a median of 0.16 in 2025.
  • The widest YoY moves for EV to FCF: up 6410.51% in 2024, down 612.19% in 2024.
  • Over 5 years, EV to FCF 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 FCF 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

Historic Data

Download Data
DateValue
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