United States 12 Month Natural Gas Fund (UNL) FCF Margin (2016 - 2025)

United States 12 Month Natural Gas Fund's FCF Margin history spans 14 years, with the latest figure at 12.46% for Q4 2025.

  • For Q4 2025, FCF Margin rose 7010.0% year-over-year to 12.46%; the TTM value through Dec 2025 reached 21.16%, up 16040.0%, while the annual FY2025 figure was 265.21%, 94886.0% up from the prior year.
  • FCF Margin reached 12.46% in Q4 2025 per UNL's latest filing, down from 9.99% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 112.37% in Q1 2021 to a low of 2619.74% in Q2 2023.
  • Average FCF Margin over 5 years is 167.85%, with a median of 20.55% recorded in 2022.
  • Peak YoY movement for FCF Margin: crashed -263853bps in 2023, then skyrocketed 262859bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 59.98% in 2021, then soared by 52bps to 28.64% in 2022, then crashed by -108bps to 59.61% in 2023, then crashed by -39bps to 82.56% in 2024, then soared by 85bps to 12.46% in 2025.
  • Per Business Quant, the three most recent readings for UNL's FCF Margin are 12.46% (Q4 2025), 9.99% (Q3 2025), and 57.34% (Q2 2025).