United States 12 Month Natural Gas Fund (UNL) FCF Margin (2013 - 2026)

United States 12 Month Natural Gas Fund has reported FCF Margin for 14 years, with the latest figure at 64232.74% in Q1 2026.

• For the quarter ending Q1 2026, FCF Margin fell 6431726.0% year-over-year to 64232.74%; the trailing twelve-month figure through Mar 2026 stood at 55.39% (down 8475.0% YoY), and the FY2025 full-year result was 265.21%, up 94886.0% from the prior year.
• FCF Margin for Q1 2026 stood at 64232.74%, down from 12.46% in the prior quarter.
• The five-year high for FCF Margin was 84.81% in Q1 2022, with the low at 64232.74% in Q1 2026.
• Historically, FCF Margin has averaged 3986.2% across 5 years, with a median of 57.34% in 2025.
• Annual changes were most pronounced in 2024 — FCF Margin soared 262859 bps — and 2026, when it plunged 6431726 bps.
• United States 12 Month Natural Gas Fund's FCF Margin stood at 28.64% in 2022, then slumped by 108 bps to 59.61% in 2023, then tumbled by 39 bps to 82.56% in 2024, then jumped by 85 bps to 12.46% in 2025, then tumbled by 515418 bps to 64232.74% in 2026.
• The last three FCF Margin figures came in at 64232.74% (Q1 2026), 12.46% (Q4 2025), and 9.99% (Q3 2025), per Business Quant data.