United States 12 Month Natural Gas Fund, LP(UNL)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $4.4M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
UNL Stock Analysis & AI Quality Score
AI stock analysis and institutional research for United States 12 Month Natural Gas Fund, LP (UNL), a Financials sector company. UNL is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $4.4m in revenue. Based on the latest XBRL financial filings (Q1 2026), United States 12 Month Natural Gas Fund, LP reports quarterly revenue of $66.3K, net income of $-660.1K, free cash flow of $-1.1M. Top institutional holders of UNL by reported 13-F value include Boston Partners, CITADEL ADVISORS, JANE STREET GROUP,, based on the most recent SEC filings. UNL trades on the NYSE exchange and files with the SEC under CIK 1405513. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UNL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for United States 12 Month Natural Gas Fund, LP directly from SEC EDGAR.
Revenue
Q1 2026
$66.3K
Net Income
Q1 2026
$-660.1K
Free Cash Flow
Q1 2026
$-1.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+20.5% YoYNet Income
+20.3% YoYTotal Assets
-1.2% YoYOp. Cash Flow
+130.8% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $-735.9K +20.5% | $-925.4K -123.4% | $4.0M +21.1% | $3.3M +1999.3% | $-171.8K +77.8% | $-775.3K |
| Net Income | $-971.5K +20.3% | $-1.2M -133.6% | $3.6M +15.0% | $3.2M +1570.4% | $-214.9K +73.6% | $-814.3K |
| Total Assets | $18.8M -1.2% | $19.0M -24.2% | $25.1M +53.2% | $16.4M +121.9% | $7.4M +115.0% | $3.4M |
| Operating Cash Flow | $2.0M +130.8% | $-6.3M -150.6% | $12.5M +388.2% | $2.6M +497.7% | $-644.0K -25.2% | $-514.6K |
AI Insight: UNL Financial Trends
UNL shows extreme volatility with revenue swinging from $4M in Q1 2025 to negative $1M in Q1 2026.
• Revenue peaked at $4M in Q1 2025 then turned negative to -$1M in Q1 2026.
• Net income volatile, ranging from $4M profit in Q1 2025 to consistent losses since Q2 2025.
• Operating cash flow mirrored net income swings, from $4M positive in Q1 2025 to negative territory.
⚠ Persistent quarterly losses since Q2 2025 despite occasional revenue spikes suggest structural challenges.
⚠ Missing debt and equity data prevents assessment of balance sheet stability during volatile period.
AI Insight: UNL Ratio Trends
UNL's ROA deteriorated from 90.9% in Q1 2025 to -16.9% in Q1 2026, reflecting persistent volatility in natural gas fund performance.
• ROA swung wildly from 90.9% in Q1 2025 to -77.5% in Q2 2025, showing extreme quarterly volatility.
• Net profit margin reached 98.6% in Q1 2025 but data remains sparse across most periods.
• TTM ROA of -37.3% reflects cumulative negative performance over the trailing twelve months.
⚠ ROA has been negative for four consecutive quarters since Q2 2025, indicating sustained underperformance.
⚠ Missing operating margin and leverage data limits visibility into fund's operational efficiency and risk profile.
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Available Research
13F Pro tracks comprehensive data for United States 12 Month Natural Gas Fund, LP including:
Top Institutional Holders of UNL
Boston Partners
$527.0K76,380 shCITADEL ADVISORS LLC
$213.9K31,000 shJANE STREET GROUP, LLC
$146.7K21,255 shBelvedere Trading LLC
$104.0K15,071 shBARCLAYS PLC
$43.9K6,360 shBelvedere Trading LLC
$34.5K5,000 shGROUP ONE TRADING, L.P.
$33.6K4,867 shVermillion Wealth Management, Inc.
$6.1K889 shPNC FINANCIAL SERVICES GROUP, INC.
$5.0K720 shOSAIC HOLDINGS, INC.
$4.4K635 sh
| Fund | Value | Shares |
|---|---|---|
| Boston Partners | $527.0K | 76,380 |
| CITADEL ADVISORS LLC | $213.9K | 31,000 |
| JANE STREET GROUP, LLC | $146.7K | 21,255 |
| Belvedere Trading LLC | $104.0K | 15,071 |
| BARCLAYS PLC | $43.9K | 6,360 |
| Belvedere Trading LLC | $34.5K | 5,000 |
| GROUP ONE TRADING, L.P. | $33.6K | 4,867 |
| Vermillion Wealth Management, Inc. | $6.1K | 889 |
| PNC FINANCIAL SERVICES GROUP, INC. | $5.0K | 720 |
| OSAIC HOLDINGS, INC. | $4.4K | 635 |
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Popular Research
Is UNL a good stock to buy?
13F Pro's AI-powered analysis of United States 12 Month Natural Gas Fund, LP (UNL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for UNL are available on the UNL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own UNL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling UNL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of United States 12 Month Natural Gas Fund, LP's investment landscape.