United States 12 Month Natural Gas Fund (UNL) Free Cash Flow (2012 - 2026)
United States 12 Month Natural Gas Fund's (UNL) quarterly Free Cash Flow came in at -$1.1 million in Q2 2026, up 15.33% on a YoY basis from -$981682.1 in Q2 2025, and down 0.72% quarter-over-quarter from -$1.1 million in Q1 2026.
Analysis
United States 12 Month Natural Gas Fund (UNL) Free Cash Flow (2012 - 2026) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported Free Cash Flow for 15 consecutive years, with -$1.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 15.33% year-over-year to -$1.1 million; the trailing twelve-month figure through Jun 2026 stood at -$2.6 million (down 639.5% YoY), and the FY2025 full-year result was $2.0 million, up 130.85% from the prior year.
- Free Cash Flow retreated to -$1.1 million in Q2 2026 per UNL's latest filing, from -$1.1 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $8.6 million in Q1 2022 and bottomed at -$8.0 million in Q1 2023.
- Historically, Free Cash Flow has averaged -$632062.9 across 5 years, with a median of -$1.1 million in 2026.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow surged 6475.26% in 2022, then plunged 1302.74% in 2025.
- Over 5 years, Free Cash Flow stood at -$2.1 million in 2022, then slipped by 28.48% to -$2.7 million in 2023, then soared by 83.17% to -$455794.0 in 2024, then soared by 62.71% to -$169956.0 in 2025, then sank by 566.14% to -$1.1 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$1.1 million, -$1.1 million, and -$169956.0 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 1.12 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 | 2.01 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 581.20 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 703.70 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 239.00 Mn |
| 10 | United States 12 Month Natural Gas Fund | 14.88 Mn | -4.07 Mn | - | -1.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.13 Mn |
| Mar 31, 2026 | -1.12 Mn |
| Dec 31, 2025 | -169,956.00 |
| Sep 30, 2025 | -128,282.00 |
| Jun 30, 2025 | -1.34 Mn |
| Mar 31, 2025 | 3.59 Mn |
| Dec 31, 2024 | -455,794.00 |
| Sep 30, 2024 | -1.32 Mn |
| Jun 30, 2024 | 111,170.00 |
| Mar 31, 2024 | -4.66 Mn |
| Dec 31, 2023 | -2.71 Mn |
| Sep 30, 2023 | -2.93 Mn |
| Jun 30, 2023 | -3.62 Mn |
| Mar 31, 2023 | -7.99 Mn |
| Dec 31, 2022 | -2.11 Mn |
| Sep 30, 2022 | 4.59 Mn |
| Jun 30, 2022 | 1.39 Mn |
| Mar 31, 2022 | 8.64 Mn |
| Dec 31, 2021 | -2.20 Mn |
| Sep 30, 2021 | 3.67 Mn |