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

United States 12 Month Natural Gas Fund (UNL) has reported FCF Margin for 14 consecutive years, with 110.75% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, FCF Margin fell 5341.0% year-over-year to 110.75%; the trailing twelve-month figure through Jun 2026 stood at 59.9% (down 6611.0% YoY), and the FY2025 full-year result was 265.21%, up 94886.0% from the prior year.
• FCF Margin improved to 110.75% in Q2 2026 per UNL's latest filing, from 189.13% in the prior quarter.
• Across five years, FCF Margin topped out at 84.81% in Q1 2022 and bottomed at 2619.74% in Q2 2023.
• Historically, FCF Margin has averaged 212.92% across 5 years, with a median of 58.47% in 2023.
• The sharpest annual moves came in 2023 and 2024: FCF Margin plunged 263853 bps in 2023, then jumped 262859 bps in 2024.
• Over 5 years, FCF Margin stood at 28.64% in 2022, then plunged by 108 bps to 59.61% in 2023, then sank by 39 bps to 82.56% in 2024, then soared by 85 bps to 12.46% in 2025, then slumped by 789 bps to 110.75% in 2026.
• According to Business Quant data, FCF Margin over the past three periods registered 110.75%, 189.13%, and 12.46% for Q2 2026, Q1 2026, and Q4 2025 respectively.