Inside Stocks
Universe/Commodity Contracts Brokers & Dealers/UNL

United States 12 Month Natural Gas Fund, LP

UNL · US · USD
Watchlist and comparison: planned
Market value—
Industry per SECCommodity Contracts Brokers & Dealers
Price as of12 Oct 2026
Last financial year2025
Latest filing10-Q, 7 Aug 2026
Method version2.7.0
Years in the base11
Company quality, four grades from 0 to 5
Balance sheet—
Profitability—
Cash flow—
Growth5
Total points— of 20
Share valuation, scored separately

No reliable range can be derived for this company. The reason is given below.

The key figures

free to read

All values from audited annual reports filed with the US regulator SEC. No value is estimated, none smoothed.

GradePointsBasis
Balance sheet—No grade, because data is missing. It is not estimated.
How this grade is built
Equity rationot reported—1: ≥ 4.0%2: ≥ 6.0%3: ≥ 8.0%4: ≥ 11.0%5: ≥ 15.0%
No component could be calculated, so there is no grade.
Profitability—No grade, because data is missing. It is not estimated.
How this grade is built
Operating marginnot reported—1: ≥ 0.0%2: ≥ 5.0%3: ≥ 12.0%4: ≥ 20.0%5: ≥ 30.0%
Return on equitynot reported—1: ≥ 0.0%2: ≥ 5.0%3: ≥ 10.0%4: ≥ 18.0%5: ≥ 25.0%
No component could be calculated, so there is no grade.
Cash flow—No grade, because data is missing. It is not estimated.
Growth5/5Revenue growth per year 41.9% · Operating income per year not reported
How this grade is built
Revenue growth per year41.9%5/51: ≥ 0.0%2: ≥ 3.0%3: ≥ 8.0%4: ≥ 15.0%5: ≥ 25.0%
Operating income per yearnot reported—1: ≥ 0.0%2: ≥ 3.0%3: ≥ 8.0%4: ≥ 15.0%5: ≥ 25.0%
Mean 5 / 1 = 5.00, rounded 5

Each grade is the rounded mean of two or three key figures, each placed on a five-step scale. Open the derivation under a grade to see, for every figure, the measured value, the step it reached and what the next step would have required.

The valuation range

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No range is reported for this company. Not enough history.

Within the sector

Too few graded companies in this industry at present to place this one.

The series of figures

free to read

Every figure comes from the annual report of that year and has not been revised afterwards. Amounts in USD.

Swipe sideways for all columns.

YearRevenueOperating profitFree cash flowEarnings per shareSharesNet debt
2015-4.41 m—-5.87 m——-11.22 m
20161.75 k—-232.44 k——-15.06 m
20172.45 k—-1.88 m——-7.22 m
20182.80 k—103.76 k——-5.17 m
2019700—-514.57 k——-2.99 m
20201.40 k—-644.01 k——-6.50 m
20213.50 k—2.56 m——-14.36 m
20229.10 k—12.50 m——-22.04 m
20236.65 k—-17.25 m——-14.48 m
202411.20 k—-6.33 m——-17.86 m
20258.05 k—1.95 m——-18.16 m

Next figures

Expected on 6 Nov 2026 (estimated from the rhythm of earlier filings, ± 3 days). Grades can change after a report; the page is then rebuilt.

Required disclosures for this analysis

Produced byFlorian Maier
Completed on14.10.2026 03:58
Price as of12 Oct 2026
Latest filing10-Q, 7 Aug 2026
Method version2.7.0
Time horizonThe grades describe a state that can change with every annual report, so roughly quarterly. The historical analysis is computed over 36 months.
Own positionNot disclosed individually, see the risk notice.
Earlier analysesThe list of all analyses of this company from the past twelve months will appear once twelve months of analyses exist. This run is the start of the series.

This is not investment advice. Limits of the method, assumptions and conflicts of interest: risk notice.