United States 12 Month Natural Gas Fund (UNL) Non Operating Investment Income (2010 - 2025)
United States 12 Month Natural Gas Fund's (UNL) quarterly Non Operating Investment Income came in at -$1.2 million in Q3 2025, down 525.21% on a YoY basis from $283345.0 in Q3 2024, and up 59.21% quarter-over-quarter from -$3.0 million in Q2 2025.
Analysis
United States 12 Month Natural Gas Fund (UNL) Non Operating Investment Income (2010 - 2025) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported Non Operating Investment Income for 15 consecutive years, with -$1.2 million the latest figure, recorded in Q3 2025.
- For the quarter ending Q3 2025, Non Operating Investment Income fell 525.21% year-over-year to -$1.2 million; the trailing twelve-month figure through Sep 2025 stood at -$1.6 million (down 120.48% YoY), and the FY2021 full-year result was $570473.0, up 37.89% from the prior year.
- Non Operating Investment Income grew to -$1.2 million in Q3 2025 per UNL's latest filing, from -$3.0 million in the prior quarter.
- Across five years, Non Operating Investment Income topped out at $3.8 million in Q3 2022 and bottomed at -$13.8 million in Q2 2022.
- Historically, Non Operating Investment Income has averaged -$595026.7 across 4 years, with a median of $904578.5 in 2024.
- The sharpest annual moves came in 2021 and 2022: Non Operating Investment Income soared 620.45% in 2021, then plunged 882.73% in 2022.
- Over 4 years, Non Operating Investment Income stood at -$4.7 million in 2021, then surged by 180.34% to $3.8 million in 2022, then tumbled by 92.47% to $283345.0 in 2024, then plunged by 525.21% to -$1.2 million in 2025.
- According to Business Quant data, Non Operating Investment Income over the past three periods registered -$1.2 million, -$3.0 million, and $2.2 million for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Investment Income (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 283.00 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | -23.94 Bn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | -10.47 Bn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | -4.12 Bn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 120.60 Mn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | -7.80 Bn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | - |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | - |
| 10 | United States 12 Month Natural Gas Fund | 14.88 Mn | -4.07 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -1.20 Mn |
| Jun 30, 2025 | -2.95 Mn |
| Mar 31, 2025 | 2.23 Mn |
| Sep 30, 2024 | 283,345.00 |
| Jun 30, 2024 | 1.53 Mn |
| Mar 31, 2024 | 2.47 Mn |
| Sep 30, 2022 | 3.76 Mn |
| Jun 30, 2022 | -13.82 Mn |
| Dec 31, 2021 | -4.68 Mn |
| Sep 30, 2021 | 3.49 Mn |
| Jun 30, 2021 | 1.77 Mn |
| Mar 31, 2021 | -4,957.00 |
| Dec 31, 2020 | -655,059.00 |
| Sep 30, 2020 | 790,225.00 |
| Jun 30, 2020 | 245,056.00 |
| Mar 31, 2020 | 33,492.00 |
| Dec 31, 2019 | 107,673.00 |
| Sep 30, 2019 | -3,325.00 |
| Jun 30, 2019 | -598,531.00 |
| Mar 31, 2019 | 104,608.00 |