What is the 13F Pro Quality Score for UNG?

13F Pro ranks United States Natural Gas Fund, LP (UNG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View UNG's current score at https://13fpro.ai/research/UNG (free sign-up required for the full ranking).

Where does 13F Pro source UNG data?

All United States Natural Gas Fund, LP fundamentals and ownership data come directly from SEC EDGAR. United States Natural Gas Fund, LP files with the SEC under CIK 1376227. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is UNG in?

United States Natural Gas Fund, LP (UNG) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is UNG research updated on 13F Pro?

UNG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

United States Natural Gas Fund, LP(UNG)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

UNG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for United States Natural Gas Fund, LP (UNG), a Financials sector company. UNG is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), United States Natural Gas Fund, LP reports quarterly revenue of $1.5M, net income of $109.7M, free cash flow of $102.2M. Top institutional holders of UNG by reported 13-F value include SUSQUEHANNA INTERNATIONAL GROUP, LLP, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS, based on the most recent SEC filings. UNG trades on the NYSE exchange and files with the SEC under CIK 1376227. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UNG 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 Natural Gas Fund, LP directly from SEC EDGAR.

Revenue

Q1 2026

$1.5M

Net Income

Q1 2026

$109.7M

Free Cash Flow

Q1 2026

$102.2M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

—FY 2024

FY19 $-73.6MFY20 $-197.4MFY23 —FY24 —

Net Income

+109.7% YoY

$65.1MFY 2024

FY19 $-77.6MFY20 $-202.8MFY23 $-671.3MFY24 $65.1M

Total Assets

-20.0% YoY

$790.0MFY 2024

FY19 $445.6MFY20 $426.2MFY23 $987.8MFY24 $790.0M

Op. Cash Flow

+105.5% YoY

$47.5MFY 2024

FY19 $-124.4MFY20 $-208.6MFY23 $-865.0MFY24 $47.5M

Metric	FY 2024	FY 2023	FY 2020	FY 2019	FY 2017	FY 2016
Revenue	—	—	$-197.4M -168.2%	$-73.6M +60.7%	$-187.0M -278.4%	$104.8M
Net Income	$65.1M +109.7%	$-671.3M -231.0%	$-202.8M -161.3%	$-77.6M +59.9%	$-193.4M -295.9%	$98.7M
Total Assets	$790.0M -20.0%	$987.8M +131.8%	$426.2M -4.4%	$445.6M -37.0%	$707.8M +16.0%	$610.1M
Operating Cash Flow	$47.5M +105.5%	$-865.0M -314.6%	$-208.6M -67.8%	$-124.4M +51.4%	$-256.0M -253.9%	$166.4M

AI Insight: UNG Financial Trends

UNG's net income swung from a $209M peak in Q1 2025 to back-to-back losses before recovering to $110M in Q1 2026, reflecting extreme natural gas price volatility.

• Net income collapsed from $209M in Q1 2025 to -$122M in Q2 2025 and -$56M in Q3 2025, a sharp two-quarter reversal.

• Operating cash flow mirrors net income swings: $268M in Q1 2025 turned to -$87M and -$88M in Q2 and Q3 2025.

• Recovery in Q4 2025 and Q1 2026 — net income of $4M then $110M, Op CF of $34M then $102M — suggests stabilizing conditions.

⚠ Q1 2026 recovery ($110M net income) follows two loss quarters; durability depends entirely on natural gas price direction.

⚠ Operating cash flow turned sharply negative in Q2–Q3 2025; any renewed price weakness could quickly reverse the Q1 2026 rebound.

AI Insight: UNG Ratio Trends

UNG's ROA is highly volatile and commodities-driven, swinging from -34.4% in Q3 2025 to +96.7% in Q1 2026 — the only available metric.

• ROA swung from -34.4% in Q3 2025 to +2.6% in Q4 2025 to +96.7% in Q1 2026, reflecting extreme natural gas price volatility.

• TTM ROA (through Q1 2026) is -14.3%, despite the strong Q1 2026 quarter, indicating prior losses weigh heavily on the trailing period.

⚠ Only ROA is available; OpMargin, NPM, ROE, ROIC, and D/E are all absent, making fundamental trend analysis severely limited.

⚠ Negative TTM ROA of -14.3% contrasts sharply with Q1 2026's +96.7% — watch whether nat gas price strength persists into Q2 2026.

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Available Research

13F Pro tracks comprehensive data for United States Natural Gas Fund, LP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of UNG

SUSQUEHANNA INTERNATIONAL GROUP, LLP
$52.6M4,481,900 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$25.2M2,144,400 sh
CITADEL ADVISORS LLC
$23.6M2,013,200 sh
CITADEL ADVISORS LLC
$13.8M1,177,600 sh
JANE STREET GROUP, LLC
$13.1M1,115,400 sh
GOLDMAN SACHS GROUP INC
$11.7M1,000,113 sh
JANE STREET GROUP, LLC
$11.4M974,000 sh
Jump Financial, LLC
$10.0M856,003 sh
WELLS FARGO & COMPANY/MN
$6.4M547,357 sh
BlueCrest Capital Management Ltd
$4.4M375,000 sh

Fund	Value	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$52.6M	4,481,900
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$25.2M	2,144,400
CITADEL ADVISORS LLC	$23.6M	2,013,200
CITADEL ADVISORS LLC	$13.8M	1,177,600
JANE STREET GROUP, LLC	$13.1M	1,115,400
GOLDMAN SACHS GROUP INC	$11.7M	1,000,113
JANE STREET GROUP, LLC	$11.4M	974,000
Jump Financial, LLC	$10.0M	856,003
WELLS FARGO & COMPANY/MN	$6.4M	547,357
BlueCrest Capital Management Ltd	$4.4M	375,000

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Is UNG a good stock to buy?

13F Pro's AI-powered analysis of United States Natural Gas Fund, LP (UNG) 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 UNG are available on the UNG 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 UNG?

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 UNG. 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 Natural Gas Fund, LP's investment landscape.