Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2020

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $110,665,600 
Unrealized Gain (Loss) on Market Value of Futures   14,305,360 
Dividend Income   22,624 
Interest Income   31,057 
ETF Transaction Fees   12,000 
Total Income (Loss)  $125,036,641 
      
Expenses     
General Partner Management Fees  $197,826 
Professional Fees   55,675 
Brokerage Commissions   121,026 
Directors' Fees and insurance   6,526 
NYMEX License Fee   4,946 
SEC & FINRA Registration Expense   27,900 
Total Expenses  $413,899 
Net Income (Loss)  $124,622,742 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/20  $351,528,155 
Withdrawals (8,700,000 Shares)   (114,691,977)
Net Income (Loss)   124,622,742 
      
Net Asset Value End of Month  $361,458,920 
Net Asset Value Per Share (25,584,588 Shares)  $14.13 

 

To the Limited Partners of United States Natural Gas Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended August 31, 2020 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh
Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596