# United States Natural Gas Fund, LP (UNG) · Edgar & Edgarette company card

> United States Natural Gas Fund (UNG) grew revenue 261% in FY2022 to $80 million. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1376227 · fiscal year ended 2022-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/UNG) · [JSON](https://www.pops4.com/boards/company/UNG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $80M |
| Revenue growth, 1 year | 261.3% |
| Revenue growth per year | -8.6% |
| Operating margin | — |
| Net margin | 93.8% |
| Operating cash flow | $216M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $318M |
| Long-term debt | — |
| Total assets | $431M |
| Total equity | — |
| Equity ÷ assets | — |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (6 of 6 tested)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±28%

## Edgarette's reading

Exposure: revenue $80.0M (FY2022). Experience: revenue up 261.3% on the year, down 8.6% a year over 4 years. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $132.9M and $238.6M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (38 filers, $50M+ revenue, its industry group): growth 261.3% against 10.1%.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-30 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1376227/000110465926120518/0001104659-26-120518-index.htm)
- 8-K · filed 2026-10-15 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1376227/000207187626000249/0002071876-26-000249-index.htm)
- 8-K · filed 2026-09-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1376227/000110465926111778/0001104659-26-111778-index.htm)
- 8-K · filed 2026-09-25 · 1.01 Entry into a Material Definitive Agreement · [filing](https://www.sec.gov/Archives/edgar/data/1376227/000207187626000221/0002071876-26-000221-index.htm)
- 8-K · filed 2026-08-28 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1376227/000110465926102787/0001104659-26-102787-index.htm)
- 10-Q · filed 2026-08-07 · [filing](https://www.sec.gov/Archives/edgar/data/1376227/000110465926092626/0001104659-26-092626-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001376227.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1376227

## Cite

POPS4, Edgar & Edgarette: United States Natural Gas Fund, LP (UNG) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/UNG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2022, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.