United States 12 Month Natural Gas Fund (UNL) FCF Margin (2013 - 2026)
United States 12 Month Natural Gas Fund posted quarterly FCF Margin of 64232.74% for Q1 2026, down 6431726.0% year-on-year from N/an in Q1 2025, and down 515418.06% on a QoQ basis from 12.46% in Q4 2025.
United States 12 Month Natural Gas Fund (UNL) has 14 years of FCF Margin data on file, last reported 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.
- Across five years, FCF Margin topped out at 84.81% in Q1 2022 and bottomed at 64232.74% in Q1 2026.
- The 5-year median for FCF Margin is 57.34% (2025), against an average of 3986.2%.
- The widest annual swing landed in 2024, when FCF Margin soared 262859 bps; it then slumped 6431726 bps in 2026.
- A 5-year view of FCF Margin shows it stood at 28.64% in 2022, then sank by 108 bps to 59.61% in 2023, then slumped by 39 bps to 82.56% in 2024, then surged by 85 bps to 12.46% in 2025, then slumped 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.
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -64,232.74% |
| Dec 31, 2025 | -12.46% |
| Sep 30, 2025 | -9.99% |
| Jun 30, 2025 | -57.34% |
| Mar 31, 2025 | 84.52% |
| Dec 31, 2024 | -82.56% |
| Sep 30, 2024 | -267.24% |
| Jun 30, 2024 | 8.84% |
| Mar 31, 2024 | -208.07% |
| Dec 31, 2023 | -59.61% |
| Sep 30, 2023 | -332.16% |
| Jun 30, 2023 | -2,619.74% |
| Mar 31, 2023 | -105.74% |
| Dec 31, 2022 | -28.64% |
| Sep 30, 2022 | 53.96% |
| Jun 30, 2022 | 18.78% |
| Mar 31, 2022 | 84.81% |
| Dec 31, 2021 | -59.98% |
| Sep 30, 2021 | 79.56% |
| Jun 30, 2021 | 43.66% |
| Mar 31, 2021 | 112.37% |
| Dec 31, 2020 | -27.81% |
| Sep 30, 2020 | 24.37% |
| Jun 30, 2020 | -355.03% |
| Mar 31, 2020 | -125.47% |
| Dec 31, 2019 | -167.57% |
| Sep 30, 2019 | -108.95% |
| Jun 30, 2019 | 0.83% |
| Mar 31, 2019 | -87.48% |
| Dec 31, 2018 | 126.91% |
| Sep 30, 2018 | -155.24% |
| Jun 30, 2018 | -12.83% |
| Mar 31, 2018 | -580.55% |
| Dec 31, 2017 | -57.58% |
| Sep 30, 2017 | -381.90% |
| Jun 30, 2017 | 50.71% |
| Mar 31, 2017 | -92.56% |
| Dec 31, 2016 | -61.58% |
| Sep 30, 2016 | 170.63% |
| Jun 30, 2016 | 16.42% |
| Mar 31, 2016 | -28.04% |
| Dec 31, 2015 | -169.70% |
| Sep 30, 2015 | -42.49% |
| Jun 30, 2015 | 22.41% |
| Mar 31, 2015 | -153.98% |
| Dec 31, 2014 | -77.03% |
| Sep 30, 2014 | -151.57% |
| Jun 30, 2014 | 1,437.06% |
| Mar 31, 2014 | 101.16% |
| Dec 31, 2013 | 92.82% |
| Sep 30, 2013 | -176.27% |
| Jun 30, 2013 | 140.28% |
| Mar 31, 2013 | -2.73% |