Exhibit 99.1

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $103,632 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (407,953)
Dividend Income   25,122 
Interest Income   19,220 
Total Income (Loss)  $(259,979)
      
Expenses     
General Partner Management Fees  $6,339 
Professional Fees   14,453 
Brokerage Commissions   187 
Directors' Fees and insurance   175 
License fees   687 
Total Expenses  $21,841 
Net Income (Loss)  $(281,820)

 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/25  $12,033,483 
Net Income (Loss)   (281,820)
      
Net Asset Value End of Month  $11,751,663 
Net Asset Value Per Share (1,350,000 Shares)  $8.70 

 

To the Limited Partners of United States 12 Month 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 May 31, 2025 is accurate and complete.

 

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

 

United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596