Complete Filing Data
United States Natural Gas Fund, LP reported Net Income Loss of $34.23 million for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean United States Natural Gas Fund, LP did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | $34.2M | $65.1M | -$671.3M | $75.0M | $18.4M | -$202.8M | -$77.6M | $110.0M | -$193.4M | $98.7M | -$245.1M | -$177.2M | $157.1M | -$286.2M | -$831.2M | -$1.52B | -$1.58B | -$492.2M |
| Operating Expenses | $5.0M | $3.7M | $5.4M | $4.0M | $4.8M | $6.4M | $6.1M | $7.7M | $8.3M | $10.2M | $11.3M | $17.6M | $25.8M | $31.4M | $7.0M | |||
| Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax | -$4.65 | -$3.51 | -$36.54 | $7.34 | $12.78 | -$13.84 | $2.42 | -$23.75 | -$5.96 | $1.72 | -$7.01 | -$22.12 | ||||||
| Revenues | $80.0M | $22.1M | -$197.4M | -$73.6M | $114.9M | -$187.0M | $104.8M | -$237.4M | -$168.9M | $167.3M | -$274.9M | -$1.49B | -$1.55B | -$485.2M | ||||
| Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted | $1.00 | $1.25 | -$17.87 | $13.71 | $2.75 | -$6.11 | -$5.39 | $6.73 | -$10.54 | $5.60 | -$19.93 | -$5.51 | $3.21 | -$5.39 | -$18.88 | |||
| Net Income Loss Per Outstanding Limited Partnership Unit | -$7.01 | -$22.12 | -$32.52 | -$26.41 | -$12.91 | |||||||||||||
| Net Income Loss Per Outstanding Limited Partnership Unit Diluted | -$5.39 | -$18.88 | -$29.72 | -$13.78 | -$25.50 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 | Q3 2016 | Q2 2016 | Q1 2016 | Q4 2015 | Q3 2015 | Q2 2015 | Q1 2015 | Q4 2014 | Q3 2014 | Q2 2014 | Q1 2014 | Q4 2013 | Q3 2013 | Q2 2013 | Q1 2013 | Q4 2012 | Q3 2012 | Q2 2012 | Q1 2012 | Q4 2011 | Q3 2011 | Q2 2011 | Q1 2011 | Q4 2010 | Q3 2010 | Q2 2010 | Q1 2010 | Q3 2009 | Q2 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | $3.7M | -$55.9M | -$122.4M | $208.8M | $53.7M | $1.9M | $174.1M | -$164.6M | -$253.7M | -$81.6M | $110.2M | -$446.1M | -$195.2M | $114.5M | -$54.3M | $210.0M | -$220.1M | $134.0M | $75.7M | $28.8M | -$50.6M | $53.4M | -$72.7M | -$132.9M | -$52.4M | $16.1M | -$40.6M | -$662.8K | $60.0M | $19.6M | $19.3M | $11.1M | -$41.3M | -$12.0M | -$45.2M | -$94.9M | $82.2M | -$20.1M | $151.7M | -$115.1M | -$145.0M | -$88.6M | $31.9M | -$43.4M | -$277.1M | -$66.8M | $13.9M | $152.8M | $129.3M | -$15.9M | -$120.5M | $164.1M | -$144.9M | $103.5M | $185.8M | -$430.5M | -$407.0M | -$305.4M | -$55.1M | -$63.7M | -$38.7M | -$565.1M | $375.4M | -$1.29B | -$677.9M | -$158.1M |
| Operating Expenses | $1.4M | $1.4M | $1.2M | $910.4K | $1.1M | $755.4K | $908.7K | $1.0M | $1.2M | $1.2M | $1.5M | $1.5M | $1.1M | $975.8K | $943.8K | $996.6K | $1.2M | $1.1M | $1.2M | $1.4M | $2.0M | $1.4M | $1.5M | $1.6M | $1.6M | $1.4M | $1.6M | $1.5M | $1.6M | $2.0M | $2.1M | $2.1M | $1.9M | $2.0M | $2.1M | $2.3M | $2.5M | $2.5M | $2.5M | $2.7M | $3.0M | $2.9M | $2.7M | $2.8M | $3.7M | $3.6M | $4.8M | $5.6M | $5.6M | $5.7M | $6.7M | $7.8M | $13.3M | $7.8M | ||||||||||||
| Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax | -$0.77 | -$2.34 | -$6.23 | $4.69 | $0.42 | -$0.96 | $2.65 | -$5.62 | -$6.88 | -$2.62 | $1.80 | -$28.84 | -$31.00 | $23.13 | -$11.31 | $35.99 | $7.54 | $3.14 | $0.41 | $1.10 | -$2.18 | -$4.48 | $0.10 | -$3.59 | -$0.93 | $1.15 | $1.17 | -$0.80 | -$2.83 | -$0.96 | -$3.15 | -$6.90 | $3.88 | -$1.31 | $8.00 | -$8.15 | -$2.91 | -$1.99 | $0.33 | -$1.37 | -$7.47 | -$2.48 | $0.23 | $3.76 | $2.29 | -$0.59 | -$3.04 | $3.06 | -$2.49 | $2.09 | $3.26 | -$9.87 | ||||||||||||||
| Revenues | -$193.8M | $115.9M | -$53.1M | $210.9M | -$219.1M | $134.8M | $76.6M | $29.8M | -$49.4M | $54.6M | -$71.2M | -$131.4M | -$51.3M | $17.1M | -$39.7M | $333.8K | $61.2M | $20.6M | $20.5M | $12.5M | -$39.4M | -$10.7M | -$43.7M | -$93.2M | $83.8M | -$18.7M | $153.2M | -$113.6M | -$143.4M | -$86.7M | $34.0M | -$41.4M | -$275.2M | -$64.7M | $16.0M | $155.1M | $131.8M | -$13.4M | -$118.0M | $166.8M | -$301.9M | -$50.3M | -$58.1M | -$559.5M | $382.1M | -$1.28B | -$664.6M | -$150.3M | ||||||||||||||||||
| Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted | -$1.46 | -$5.61 | $6.51 | $0.03 | $3.66 | -$3.57 | -$2.04 | $2.61 | -$17.22 | $5.78 | -$2.83 | $9.00 | $7.00 | $3.08 | $0.82 | $1.73 | -$2.18 | -$4.20 | $1.06 | -$3.19 | -$0.06 | $1.37 | $1.25 | $0.59 | -$0.69 | -$2.97 | -$5.76 | -$0.31 | $1.95 | -$1.69 | -$1.96 | $0.65 | -$0.95 | -$2.10 | $0.50 | $4.51 | -$0.32 | -$2.85 | $2.97 | $1.79 | $3.48 | |||||||||||||||||||||||||
| Net Income Loss Per Outstanding Limited Partnership Unit | $3.06 | -$2.49 | $2.09 | $3.26 | -$9.87 | -$10.12 | -$8.08 | -$1.92 | -$2.00 | -$0.36 | -$3.20 | $1.76 | -$6.33 | -$2.23 | -$1.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income Loss Per Outstanding Limited Partnership Unit Diluted | $2.97 | $1.79 | $3.48 | -$9.76 | -$7.80 | -$1.24 | -$1.20 | -$3.06 | $1.90 | -$6.09 | -$1.99 | -$1.17 |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Cash Equivalents At Carrying Value | $438.5M | $593.5M | $678.0M | $317.9M | $248.4M | $342.9M | $375.6M | $259.5M | $550.9M | $522.8M | $453.8M | $589.9M | $792.4M | $1.10B | $938.7M | $2.32B | $3.90B | $419.9M | $488.1M |
| Increase Decrease Management Fees Payable | -$124.6K | -$88.1K | $260.2K | $40.1K | -$11.7K | $5.0K | $26.5K | -$131.8K | $9.1K | $53.4K | -$114.3K | -$109.3K | -$111.9K | -$14.1K | -$624.0K | -$694.7K | $1.5M | $105.5K | |
| Liabilities | $28.8M | $46.2M | $13.9M | $1.3M | $5.5M | $11.6M | $1.0M | $44.9M | $55.8M | $72.3M | $65.8M | $1.8M | $16.9M | $60.0M | $11.4M | $99.4M | $24.2M | ||
| Dividends Receivable | $1.0M | $1.7M | $316.4K | $1.1M | $5.3K | $186.00 | $140.3K | $78.1K | $17.0K | $15.0K | $742.00 | $7.4K | $8.6K | $16.4K | $8.9K | $54.2K | $110.2K | ||
| Assets | $579.5M | $790.0M | $987.8M | $430.7M | $377.1M | $426.2M | $445.6M | $292.9M | $707.8M | $610.1M | $580.8M | $652.1M | $955.3M | $1.25B | $1.08B | $2.77B | $4.55B | ||
| Commissions Payable To Broker Dealers And Clearing Organizations | $171.9K | $171.9K | $160.1K | $166.5K | $144.0K | $36.3K | $36.3K | $72.8K | $85.2K | $83.8K | $72.8K | $81.8K | $122.3K | $166.3K | $236.3K | $256.3K | |||
| Liabilities And Stockholders Equity | $579.5M | $790.0M | $987.8M | $430.7M | $377.1M | $426.2M | $445.6M | $292.9M | $707.8M | $610.1M | $580.8M | $652.1M | $955.3M | $1.25B | $1.08B | $2.77B | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $576.9M | $677.1M | $928.8M | $559.5M | $375.7M | $440.5M | $459.0M | $359.8M | $651.9M | $567.8M | |||||||||
| License Fees Payable Current And Noncurrent | $9.4K | $18.4K | $25.7K | $5.7K | $12.5K | $10.8K | $2.6K | $4.7K | $12.8K | $19.9K | $21.9K | $27.9K | $36.5K | $46.2K | $57.5K | $158.7K | $231.3K | ||
| Accrued Professional Fees Current And Noncurrent | $1.5M | $1.3M | $844.2K | $922.7K | $634.7K | $664.0K | $786.7K | $863.9K | $892.8K | $437.2K | $1.2M | $1.3M | $1.5M | ||||||
| Cash And Cash Equivalents Period Increase Decrease | -$292.1M | $84.2M | $89.0M | -$136.0M | -$202.6M | -$308.1M | $161.8M | -$1.38B | -$1.58B | $3.48B | -$68.1M | ||||||||
| Receivables Net Current | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $2.0K | $2.0K | $2.0K | $0.00 | $4.0K | |||||||||
| Cash And Cash Equivalents In Equity In Trading Accounts | $576.9M | $677.1M | $928.8M | $559.5M | $375.7M | $440.5M | $459.0M | $359.8M | $101.0M | $45.0M | |||||||||
| Interest Receivable | $624.9K | $1.1M | $3.6M | $334.8K | $5.3K | $14.2K | $5.2K | $9.7K | $11.6K | $0.00 | $174.00 | ||||||||
| Cash | $438.5M | $593.5M | $678.0M | $317.9M | $248.4M | $342.9M | $375.6M | $259.5M | $550.9M | $522.8M | $453.8M | $589.9M | $792.4M | $1.10B | $938.7M | $2.32B | $3.90B | $419.9M | $488.1M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | -$100.3M | -$251.7M | $369.3M | $183.8M | -$64.8M | -$18.5M | $99.2M | -$292.1M | $84.2M | ||||||||||
| Payable For Shares Redeemed | 4.1M | 10.5M | 43.8M | 54.5M | 26.6M | 23.5M | 0.00 | ||||||||||||
| Cash And Cash Equivalents In Trading Accounts | $138.4M | $83.6M | $250.8M | $241.6M | $127.3M | $97.5M | $83.4M | $100.3M | |||||||||||
| Cash And Cash Equivalents Equity In Trading Accounts | $138.4M | $83.6M | $250.8M | $241.6M | $127.3M | $97.5M | $83.4M | $100.3M | |||||||||||
| Management Fee Payable | $18.2K | $22.4K | $21.1K | $8.1K | $8.0K | $5.6K | $10.7K | $8.6K | |||||||||||
| Other Liabilities | $288.0K | $412.6K | $500.6K | $240.4K | $19.4K | ||||||||||||||
| Accrued Investment Income Receivable | $0.00 | $4.6M | $0.00 | $3.2M | $159.4M | $19.0M | $16.5M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q3 2018 | Q2 2018 | Q1 2018 | Q3 2017 | Q2 2017 | Q1 2017 | Q3 2016 | Q2 2016 | Q1 2016 | Q3 2015 | Q2 2015 | Q1 2015 | Q3 2014 | Q2 2014 | Q1 2014 | Q4 2013 | Q3 2013 | Q2 2013 | Q1 2013 | Q4 2012 | Q3 2012 | Q2 2012 | Q1 2012 | Q3 2011 | Q2 2011 | Q1 2011 | Q4 2010 | Q3 2010 | Q2 2010 | Q1 2010 | Q3 2009 | Q2 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Cash Equivalents At Carrying Value | $483.3M | $284.3M | $294.6M | $691.9M | $539.7M | $544.6M | $816.2M | $783.5M | $743.7M | $279.3M | $336.2M | $303.1M | $290.1M | $213.7M | $249.3M | $281.2M | $328.8M | $284.0M | $234.5M | $265.2M | $194.8M | $281.6M | $311.2M | $303.8M | $441.7M | $394.4M | $437.2M | $523.9M | $436.2M | $449.6M | $512.1M | $603.1M | $542.3M | $654.2M | $667.5M | $610.6M | $847.2M | $773.6M | $852.3M | $846.6M | $833.1M | $651.0M | $1.27B | $1.71B | $1.98B | $2.22B | $2.46B | $2.65B | $2.96B | $2.59B | |||||
| Increase Decrease Management Fees Payable | -$189.2K | -$91.6K | $297.8K | -$8.3K | -$62.1K | -$13.7K | -$65.8K | -$154.5K | -$55.3K | $12.9K | -$48.6K | -$88.7K | -$70.7K | -$163.7K | -$140.6K | -$469.5K | |||||||||||||||||||||||||||||||||||||||
| Liabilities | $26.2M | $15.1M | $25.4M | $42.8M | $3.4M | $10.0M | $1.4M | $10.1M | $36.9M | $980.4K | $4.3M | $27.5M | $836.5K | $13.5M | $719.3K | $11.3M | $33.6M | $693.8K | $823.5K | $648.0K | $701.7K | $16.8M | $713.4K | $16.7M | $741.0K | $571.5K | $43.8M | $741.4K | $16.1M | $911.7K | $1.5M | $45.7M | $1.1M | $32.7M | $1.2M | $23.8M | $1.7M | $35.4M | $98.3M | $48.6M | $12.8M | $44.0M | $28.3M | $31.9M | $2.8M | $16.2M | $19.1M | ||||||||
| Dividends Receivable | $1.0M | $678.8K | $563.6K | $979.0K | $304.0K | $314.0K | $795.3K | $742.6K | $1.1M | $610.6K | $321.9K | $30.5K | $3.7K | $3.8K | $4.6K | $3.4K | $33.4K | $102.3K | $70.0K | $38.1K | $24.1K | $11.2K | $79.2K | $24.6K | $14.4K | $12.4K | $3.0K | $11.7K | $8.8K | $6.4K | $4.5K | $6.9K | $7.2K | $7.4K | $7.4K | $7.6K | $9.3K | $10.7K | $12.0K | $10.4K | $9.7K | $9.1K | $4.5K | $9.1K | $32.5K | $76.2K | $86.5K | ||||||||
| Assets | $650.7M | $375.7M | $446.4M | $932.6M | $715.4M | $840.5M | $1.16B | $1.13B | $1.20B | $470.9M | $419.1M | $415.1M | $414.5M | $291.3M | $274.5M | $327.8M | $416.9M | $328.6M | $257.7M | $325.6M | $255.6M | $322.3M | $337.0M | $368.1M | $524.7M | $448.0M | $504.5M | $574.1M | $593.7M | $524.7M | $559.0M | $669.2M | $617.5M | $739.1M | $708.4M | $675.5M | $941.9M | $937.5M | $1.04B | $1.17B | $1.17B | $821.7M | $1.37B | $1.89B | $2.31B | $2.55B | $2.82B | ||||||||
| Commissions Payable To Broker Dealers And Clearing Organizations | $171.9K | $171.9K | $171.9K | $171.9K | $171.9K | $171.9K | $171.9K | $171.9K | $160.5K | $165.1K | $171.9K | $168.7K | $163.7K | $151.6K | $140.8K | $160.3K | $141.8K | $42.3K | $36.3K | $36.3K | $36.3K | $60.3K | $60.3K | $60.3K | $72.8K | $72.8K | $72.8K | $85.2K | $85.2K | $83.8K | $72.8K | $72.8K | $72.8K | $72.8K | $72.8K | $81.8K | $81.8K | $69.8K | $77.8K | $136.3K | $150.3K | $166.3K | $166.3K | $196.3K | $216.3K | $216.3K | $240.3K | ||||||||
| Liabilities And Stockholders Equity | $650.7M | $375.7M | $446.4M | $932.6M | $715.4M | $840.5M | $1.16B | $1.13B | $1.20B | $470.9M | $419.1M | $415.1M | $414.5M | $291.3M | $274.5M | $327.8M | $416.9M | $328.6M | $257.7M | $325.6M | $255.6M | $322.3M | $337.0M | $368.1M | $524.7M | $448.0M | $504.5M | $574.1M | $593.7M | $524.7M | $559.0M | $669.2M | $617.5M | $739.1M | $708.4M | $675.5M | $941.9M | $937.5M | $1.04B | $1.17B | $1.17B | $821.7M | $1.37B | $1.89B | |||||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $644.7M | $386.6M | $432.7M | $818.5M | $756.3M | $820.5M | $1.16B | $1.03B | $1.24B | $569.6M | $542.5M | $353.1M | $384.2M | $263.7M | $268.1M | $342.8M | $415.2M | $357.3M | $293.7M | $330.0M | $272.4M | $301.6M | $342.0M | ||||||||||||||||||||||||||||||||
| License Fees Payable Current And Noncurrent | $5.9K | $1.0K | $9.6K | $17.1K | $17.0K | $17.6K | $29.2K | $29.7K | $19.7K | $7.2K | $5.3K | $8.7K | $6.0K | $5.0K | $8.3K | $9.8K | $10.5K | $6.2K | $1.2K | $0.00 | $476.00 | $3.0K | $4.4K | $7.2K | $8.3K | $7.4K | $9.1K | $18.4K | $18.3K | $15.9K | $23.8K | $26.0K | $25.6K | $124.5K | $142.7K | $159.7K | $176.2K | ||||||||||||||||||
| Accrued Professional Fees Current And Noncurrent | $1.0M | $810.1K | $1.4M | $784.2K | $214.2K | $474.4K | $615.4K | $361.0K | $598.4K | $540.8K | $140.1K | $417.8K | $515.1K | $511.6K | $415.3K | $556.4K | $405.4K | $437.9K | $626.8K | $470.3K | $543.4K | $639.3K | $466.3K | $720.0K | $419.3K | $273.6K | $181.0K | $358.7K | $317.7K | $549.2K | $1.1M | $826.0K | $725.7K | $1.2M | $800.4K | ||||||||||||||||||||
| Cash And Cash Equivalents Period Increase Decrease | -$87.4M | -$283.7M | -$85.6M | -$4.3M | -$47.5M | -$181.9M | -$248.2M | -$287.6M | -$342.2M | -$1.25B | |||||||||||||||||||||||||||||||||||||||||||||
| Receivables Net Current | $4.0K | $2.0K | $1.0K | $3.0K | $3.0K | $2.0K | $2.0K | $2.0K | $1.0K | $2.0K | $3.0K | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.0K | $2.0K | $0.00 | $2.0K | $1.0K | $2.0K | $0.00 | $1.0K | $2.0K | |||||||||||||||||||||||
| Cash And Cash Equivalents In Equity In Trading Accounts | $644.7M | $386.6M | $432.7M | $818.5M | $756.3M | $820.5M | $1.16B | $1.03B | $1.24B | $569.6M | $542.5M | $353.1M | $384.2M | $263.7M | $268.1M | $342.8M | $415.2M | $357.3M | $293.7M | $330.0M | $272.4M | $20.0M | $30.8M | $64.5M | $530.6M | $442.5M | $482.2M | ||||||||||||||||||||||||||||
| Interest Receivable | $808.4K | $430.4K | $812.1K | $2.4M | $2.7M | $3.0M | $3.6M | $3.4M | $2.6M | $288.5K | $6.8K | $4.3K | $5.9K | $1.2K | $374.00 | $5.3K | $0.00 | $0.00 | $7.8K | $0.00 | $171.00 | $4.3K | $7.3K | $4.7K | $25.8K | $547.00 | $287.00 | ||||||||||||||||||||||||||||
| Cash | $483.3M | $284.3M | $294.6M | $691.9M | $539.7M | $544.6M | $816.2M | $783.5M | $743.7M | $279.3M | $336.2M | $303.1M | $290.1M | $213.7M | $249.3M | $281.2M | $328.8M | $284.0M | $234.5M | $265.2M | $194.8M | $281.6M | $311.2M | $303.8M | $441.7M | $394.4M | $437.2M | $523.9M | $436.2M | $449.6M | $512.1M | $603.1M | $542.3M | $654.2M | $667.5M | $610.6M | $847.2M | $773.6M | $852.3M | $846.6M | $833.1M | $651.0M | $1.27B | $1.71B | $1.98B | $2.22B | $2.46B | $2.65B | $2.96B | $2.59B | |||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | -$244.4M | -$108.3M | $683.0M | -$22.6M | -$172.4M | -$101.7M | -$87.4M | ||||||||||||||||||||||||||||||||||||||||||||||||
| Payable For Shares Redeemed | 24.6M | 6.1M | 19.4M | 27.9M | 9.0M | 3.7M | 11.7M | 0.00 | 0.00 | 7.6M | 0.00 | 10.4M | 32.8M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.8M | 0.00 | 0.00 | 22.8M | 0.00 | 15.4M | 0.00 | |||||||||||||||||||||||||||||
| Cash And Cash Equivalents In Trading Accounts | $161.4M | $102.3M | $138.2M | $126.6M | $216.6M | $276.0M | $345.5M | $251.0M | $498.8M | $290.3M | $206.3M | $50.0M | $94.1M | $50.0M | $18.8M | $61.5M | $86.4M | $73.3M | $59.2M | $64.9M | $77.6M | ||||||||||||||||||||||||||||||||||
| Cash And Cash Equivalents Equity In Trading Accounts | $161.4M | $102.3M | $138.2M | $126.6M | $216.6M | $276.0M | $345.5M | $251.0M | $498.8M | $290.3M | $206.3M | $50.0M | $94.1M | $50.0M | $18.8M | $61.5M | $86.4M | $73.3M | $59.2M | $64.9M | |||||||||||||||||||||||||||||||||||
| Management Fee Payable | $16.1K | $13.0K | $19.2K | $21.0K | $20.0K | $19.4K | $22.9K | $22.0K | $16.7K | $8.3K | $5.4K | $6.0K | $4.8K | $3.9K | $4.9K | $5.0K | $3.6K | $14.0K | $8.3K | ||||||||||||||||||||||||||||||||||||
| Other Liabilities | $290.7K | $180.1K | $223.4K | $431.5K | $369.6K | $409.0K | $565.5K | $554.0K | $27.3K | $30.7K | $37.2K | $45.1K | $42.6K | $41.9K | $47.6K | $54.6K | $51.5K | $37.8K | $96.1K | $1.7M | $2.5M | ||||||||||||||||||||||||||||||||||
| Accrued Investment Income Receivable | $12.4M | $0.00 | $0.00 | $10.0M | $9.3M | $0.00 | $9.3M | $0.00 | $31.6M | $0.00 | $11.0M | $89.1M | $37.4M | $30.1M | $531.6K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financing Cash Flow * | -$227.4M | -$299.2M | $1.23B | -$31.7M | -$72.0M | $190.1M | $223.6M | -$524.7M | $340.2M | -$77.4M | $136.5M | $30.4M | -$588.1M | $430.5M | -$850.9M | -$242.8M | $5.40B | $603.8M |
| Operating Cash Flow * | $127.1M | $47.5M | -$865.0M | $215.5M | $7.2M | -$208.6M | -$124.4M | $232.6M | -$256.0M | $166.4M | -$272.5M | -$233.0M | $280.1M | -$268.6M | -$531.1M | -$1.33B | -$1.93B | -$672.0M |
| Proceeds From Partnership Contribution | $1.51B | $1.69B | $3.31B | $1.30B | $474.1M | $1.00B | $914.9M | $1.74B | $1.79B | $726.4M | $1.63B | $3.19B | $2.07B | $2.54B | $1.35B | $1.98B | $6.28B | $2.69B |
| Payments To Partnership Redemption | $1.74B | $1.99B | $2.08B | $1.33B | $546.1M | $813.3M | $691.3M | $2.27B | $1.45B | $803.7M | $1.49B | $3.16B | $2.65B | $2.11B | $2.20B | $2.23B | $879.6M | $2.09B |
| Increase Decrease In Professional Fees Payable | $186.2K | $492.1K | -$78.6K | $288.1K | -$29.3K | -$122.7K | -$77.2K | -$28.8K | $455.5K | -$713.2K | -$162.3K | -$141.8K | -$148.5K | -$461.7K | -$268.4K | -$277.0K | ||
| Increase Decrease In Dividends Receivable | -$694.8K | $1.4M | -$792.1K | $1.1M | $5.2K | -$140.1K | $62.1K | $61.1K | $2.1K | $14.2K | -$6.7K | -$1.2K | -$7.8K | $7.5K | -$45.3K | -$56.0K | ||
| Increase Decrease In License Fees Payable | -$9.1K | -$7.3K | $20.0K | -$6.8K | $1.7K | $8.2K | -$2.0K | -$8.1K | -$7.1K | -$2.0K | -$6.0K | -$8.6K | -$9.7K | -$11.3K | -$101.2K | -$72.6K | $170.1K | $9.7K |
| Increase Decrease In Other Receivables | -$1.0K | $1.0K | -$1.0K | $0.00 | $0.00 | -$1.0K | $0.00 | $0.00 | $2.0K | -$4.0K | $2.0K | $1.0K | ||||||
| Increase Decrease In Accrued Interest Receivable Net | -$512.9K | -$2.5M | $3.3M | $329.5K | -$8.9K | $9.0K | -$4.4K | -$1.9K | $11.6K | $0.00 | $0.00 | $0.00 | $0.00 | -$174.00 | $174.00 | |||
| Increase Decrease In Prepaid Expense | -$85.1K | $85.1K | -$103.3K | -$364.2K | $392.5K | -$83.3K | -$29.5K | -$404.8K | -$58.1K | $650.7K | $0.00 | $0.00 | ||||||
| Increase Decrease In Payables To Broker Dealers | $0.00 | -$44.8M | $3.9M | $40.9M | $0.00 | -$40.5K | -$44.0K | -$70.0K | -$20.0K | $216.8K | $16.7K | |||||||
| Increase Decrease In Brokerage Commissions Payable | -$171.9K | $11.8K | -$6.5K | $22.5K | $107.7K | $0.00 | -$36.5K | -$12.4K | $1.5K | $11.0K | -$9.0K | |||||||
| Increase Decrease In Financial Instruments Used In Operating Activities | $56.0M | $20.0M | -$201.2M | $202.0M | -$120.7M | -$61.8M | -$108.0M | -$419.1M | $440.1M | $208.5M | ||||||||
| Increase Decrease In Prepaid Insurance Operating Activities | $37.3K | -$11.7K | $25.1K | $3.5K | -$479.00 | $6.0K | -$635.00 | $3.6K | $79.00 | |||||||||
| Increase Decrease In Directors Fees Payable | -$4.2K | $1.3K | $13.1K | $10.00 | $2.5K | -$5.1K | $2.1K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q1 2025 | Q1 2024 | Q1 2023 | Q1 2022 | Q1 2021 | Q1 2020 | Q1 2019 | Q1 2018 | Q1 2017 | Q1 2016 | Q1 2015 | Q1 2014 | Q1 2013 | Q1 2012 | Q1 2011 | Q1 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financing Cash Flow * | -$512.3M | -$18.7M | $1.16B | -$190.1M | -$180.2M | $23.0M | -$36.3M | -$350.5M | $18.6M | $100.4M | $3.3M | -$272.6M | -$391.8M | $132.6M | -$428.4M | -$442.1M |
| Operating Cash Flow * | $267.9M | -$89.5M | -$475.2M | $167.5M | $7.7M | -$124.7M | -$51.1M | $66.9M | -$104.1M | -$104.7M | -$50.9M | $90.7M | $143.6M | -$420.2M | $86.2M | -$806.2M |
| Proceeds From Partnership Contribution | $274.1M | $577.3M | $1.67B | $276.4M | $67.6M | $261.5M | $271.0M | $463.3M | $554.2M | $185.1M | $467.2M | $1.29B | $432.0M | $440.9M | $514.9M | $195.7M |
| Payments To Partnership Redemption | $786.5M | $596.0M | $516.0M | $466.4M | $247.7M | $238.5M | $307.3M | $813.8M | $535.6M | $84.7M | $463.9M | $1.56B | $823.8M | $308.4M | $943.3M | $637.8M |
| Increase Decrease In Professional Fees Payable | $55.7K | -$369.8K | -$324.4K | -$216.9K | -$248.7K | -$348.8K | -$320.6K | -$172.8K | -$256.2K | -$601.2K | -$586.9K | -$626.1K | -$949.6K | -$800.6K | -$1.1M | |
| Increase Decrease In Dividends Receivable | -$1.2M | -$2.4K | $10.0K | $25.1K | $4.5K | -$38.0K | -$54.0K | $7.5K | -$11.9K | $5.7K | -$255.00 | -$934.00 | -$4.4K | $232.00 | ||
| Increase Decrease In License Fees Payable | -$8.8K | -$8.1K | $13.9K | -$3.8K | -$2.5K | $3.6K | -$4.2K | -$5.6K | -$10.9K | -$5.9K | -$2.4K | -$5.8K | -$16.0K | -$8.7K | ||
| Increase Decrease In Other Receivables | $1.0K | $1.0K | $1.0K | $3.0K | -$1.0K | -$1.0K | -$1.0K | -$1.0K | $0.00 | -$2.0K | $0.00 | -$3.0K | ||||
| Increase Decrease In Accrued Interest Receivable Net | -$325.6K | -$584.5K | $2.3M | -$1.0K | -$13.8K | -$5.2K | -$9.5K | -$6.9K | $0.00 | $0.00 | $113.00 | |||||
| Increase Decrease In Prepaid Expense | -$42.5K | $128.6K | $0.00 | -$81.0K | -$68.3K | -$25.4K | -$39.3K | -$82.5K | -$100.6K | $246.0K | $874.4K | |||||
| Increase Decrease In Payables To Broker Dealers | $0.00 | -$24.3M | -$40.9M | $0.00 | $0.00 | -$44.5K | $0.00 | -$20.0K | -$16.0K | |||||||
| Increase Decrease In Brokerage Commissions Payable | $473.00 | $2.2K | -$3.2K | $6.0K | $0.00 | -$12.5K | -$12.4K | $0.00 | ||||||||
| Increase Decrease In Financial Instruments Used In Operating Activities | $9.5K | $54.8M | -$121.2M | $45.0M | -$36.4M | $25.8M | -$132.5M | -$263.4M | ||||||||
| Increase Decrease In Prepaid Insurance Operating Activities | $139.9K | $130.6K | $134.9K | $59.8K | $44.0K | $47.3K | -$8.2K | |||||||||
| Increase Decrease In Directors Fees Payable | -$3.2K | -$1.8K | $8.6K | -$2.1K | -$638.00 |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weighted Average Limited Partnership Units Outstanding | 34.1M | 52.0M | 37.6M | 5.5M | 6.7M | 33.2M | 14.4M | 16.4M | 18.4M | 17.6M | 12.3M | 32.2M | 48.9M | 53.0M | 44.0M | 51.1M | 115.0M | 19.3M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q3 2019 | Q2 2019 | Q1 2019 | Q3 2018 | Q2 2018 | Q1 2018 | Q3 2017 | Q2 2017 | Q1 2017 | Q3 2016 | Q2 2016 | Q1 2016 | Q3 2015 | Q2 2015 | Q1 2015 | Q3 2014 | Q2 2014 | Q1 2014 | Q3 2013 | Q2 2013 | Q1 2013 | Q3 2012 | Q2 2012 | Q1 2012 | Q3 2011 | Q2 2011 | Q1 2011 | Q3 2010 | Q2 2010 | Q1 2010 | Q3 2009 | Q2 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weighted Average Limited Partnership Units Outstanding | 38.4M | 21.8M | 32.1M | 55.6M | 47.6M | 46.1M | 40.0M | 42.2M | 25.9M | 19.8M | 19.2M | 23.3M | 19.1M | 24.6M | 35.0M | 30.8M | 33.3M | 31.7M | 15.2M | 12.7M | 11.8M | 14.3M | 15.4M | 18.9M | 17.5M | 15.2M | 16.5M | 65.9M | 77.7M | 68.0M | 45.2M | 48.8M | 45.6M | 31.8M | 27.6M | 33.9M | 49.1M | 42.3M | 55.2M | 57.8M | 53.3M | 44.1M | 39.2M | 44.4M | 52.7M | 184.5M | 197.4M | 212.1M | 341.4M | 135.3M |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Asset Value Per Unit | $12.20 | $16.85 | $20.36 | $56.90 | $49.56 | $36.78 | $9.20 | $16.91 | $23.34 | $37.18 | $34.76 | $58.50 | $20.59 | $18.87 | $25.88 | $25.88 | $80.52 | $46.54 | $50.00 |
| Unrealized Gain Loss On Commodity Contracts | -$79.8M | $40.6M | $184.8M | -$146.1M | $15.8M | $6.3M | $46.3M | -$122.7M | $18.3M | -$64.0M | $269.2M | -$153.8M | $562.9K | $34.4M | -$136.4M | $129.2M | -$34.1M | -$27.7M | |
| Interest Income Operating | $7.6M | $31.1M | $35.3M | $2.0M | $70.1K | $1.8M | $6.0M | $6.0M | $4.0M | $1.7M | $340.3K | $187.0K | $200.3K | $237.7K | $238.1K | $457.2K | $225.0K | $4.9M | |
| Floor Brokerage Exchange And Clearance Fees | $1.0M | $2.6M | $2.7M | $702.7K | $794.3K | $1.9M | $1.2M | $1.4M | $1.7M | $2.0M | $2.4M | $2.0M | $2.4M | $3.5M | $4.7M | $6.3M | $11.4M | $867.2K | |
| Dividend Income Operating | $11.8M | $7.5M | $11.4M | $5.2M | $48.8K | $832.6K | $582.0K | $569.8K | $148.7K | $117.2K | $64.6K | $88.5K | $126.1K | $131.5K | $193.0K | $907.4K | $2.5M | $7.3M | |
| Gain Loss On Sale Of Commodity Contracts | $138.3M | -$47.7M | -$762.9M | $218.7M | $6.1M | -$206.5M | -$126.6M | $230.9M | -$209.7M | $166.8M | -$507.2M | -$48.0M | $155.7M | -$243.7M | -$361.8M | -$785.4M | -$1.44B | -$469.9M | |
| Professional Fees | $1.6M | $2.2M | $1.2M | $1.3M | $693.8K | $647.9K | $802.4K | $928.8K | $1.4M | $254.0K | $1.1M | $1.4M | $1.7M | $1.3M | $1.9M | $2.1M | $3.8M | $1.0M | |
| Noninterest Expense Directors Fees | $207.3K | $277.8K | $220.7K | $106.4K | $81.5K | $83.0K | $70.7K | $69.6K | $65.0K | $94.5K | $119.0K | $191.9K | $199.9K | $172.8K | $145.5K | $553.5K | $142.3K | $130.1K | |
| Other Expenses | $103.3K | $364.2K | $144.4K | $83.3K | $205.0K | $404.8K | $379.1K | $238.7K | $850.00 | -$18.6K | $259.0K | $170.9K | $18.4K | $50.0K | |||||
| Other Income | $266.2K | $244.0K | $355.0K | $209.0K | $107.0K | $158.1K | $120.0K | $194.0K | $277.0K | $133.0K | $224.0K | $216.0K | $146.0K | $204.0K | $185.0K | $202.0K | |||
| Partners Capital | $550.6M | $743.8M | $973.9M | $429.3M | $371.5M | $414.6M | $444.6M | $248.0M | $652.1M | $537.8M | $515.0M | $650.4M | $938.4M | $1.19B | $1.07B | $2.67B | $4.53B | $695.7M | $593.4M |
| Partners Capital Account Units Redeemed | $102.7M | $115.8M | $69.9M | $15.8M | $11.4M | $67.7M | $28.5M | $85.0M | $53.4M | $24.3M | $28.8M | $134.5M | $130.2M | $113.2M | $48.4M | $39.0M | $54.8M | $56.3M | |
| Partners Capital Account Units Contributed | $103.7M | $112.1M | $110.2M | $15.9M | $7.6M | $86.5M | $44.6M | $67.2M | $66.8M | $23.9M | $32.5M | $133.4M | $112.9M | $134.6M | $34.2M | $38.4M | $474.4M | $69.8M | |
| Total Income Loss | $40.3M | $75.3M | -$660.7M | $80.0M | $22.1M | $167.3M | -$274.9M | -$813.6M | -$1.49B | -$1.55B | |||||||||
| Unrealized Gain Loss On Open Commodity Futures And Cleared Swap Contracts | $929.0K | $80.7M | $40.1M | -$144.8M | $1.4M | -$14.5M | -$20.8M | -$67.0M | $55.7M | $37.4M | $101.4M | -$167.8M | -$14.0M | -$14.6M | -$49.0M | $87.4M | -$41.8M | ||
| Market Value Per Unit | $12.26 | $16.81 | $20.28 | $56.40 | $12.49 | $9.20 | $16.86 | $24.71 | $23.32 | $37.36 | $8.67 | $14.77 | $20.69 | $18.90 | $25.84 | $11.98 | $10.08 | ||
| Limited Partners Capital Account Units Outstanding | $45.1M | $44.1M | $47.8M | $7.5M | $30.0M | $45.1M | $26.3M | $10.2M | $27.9M | $14.5M | $59.3M | $44.5M | $45.6M | $62.9M | $41.4M | $222.3M | $449.5M | ||
| Limited Partners Capital Account | $550.6M | $743.8M | $973.9M | $429.3M | $371.5M | $414.6M | $444.6M | $248.0M | $652.1M | $537.8M | $515.0M | $650.4M | $938.4M | $1.19B | $1.07B | $2.67B | $4.53B | ||
| Gain Loss On Sale Of Derivatives | $93.00 | -$15.8K | -$1.2K | $0.00 | $0.00 | $25.7M | $13.6M | -$75.5M | -$276.0M | -$905.7M | -$39.0M | ||||||||
| Due To Officers Or Stockholders Current And Noncurrent | $200.4K | $212.1K | $207.1K | $180.6K | $312.5K | $303.4K | $250.0K | $364.2K | $473.5K | $585.4K | $599.5K | $1.2M | $1.9M | ||||||
| Asset Management Costs | $3.0M | $3.3M | $3.6M | $4.3M | $5.7M | $6.2M | $10.1M | $16.1M | $14.2M | $4.4M | |||||||||
| Management Fee Expense | $3.1M | $4.9M | $6.3M | $2.8M | $2.0M | $2.4M | $1.8M | $2.3M | $3.0M | $3.3M | |||||||||
| License Fees And Other Offering Expenses | $78.0K | $122.2K | $156.3K | $70.6K | $50.6K | $60.3K | $45.5K | $56.5K | $74.3K | $81.6K | |||||||||
| General Partners Capital Account | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Unrealized Gain Loss On Derivatives | $0.00 | $0.00 | $6.7M | -$3.2M | $9.3M | -$40.0M | $66.6M | -$39.4M | |||||||||||
| Unrealized Gain Loss On Derivatives And Commodity Contracts | -$79.8M | $40.6M | $184.8M | -$146.1M | $15.8M | $6.3M | $46.3M | -$122.7M | $18.3M | -$64.0M | |||||||||
| Partners Capital Account Redemptions | $647.5M | $2.26B | $1.47B | $806.9M | $1.51B | $3.14B | $2.61B | $2.16B | $2.11B | $2.32B | $870.3M | $2.10B | |||||||
| Partners Capital Account Contributions | $921.6M | $1.74B | $1.78B | $731.0M | $1.62B | $3.03B | $2.21B | $2.56B | $1.35B | $1.98B | $6.28B | $2.69B | |||||||
| Prepaid Expense Current | $103.3K | $467.5K | $75.0K | $158.3K | $187.8K | $592.6K | $650.7K | $0.00 | |||||||||||
| License Costs | $74.3K | $81.6K | $91.1K | $108.4K | $143.9K | $156.1K | $430.4K | $717.3K | $619.8K | $236.7K | |||||||||
| Prepaid Insurance Current And Non Current | $67.3K | $30.0K | $41.7K | $16.6K | $13.1K | $13.6K | $7.6K | $8.2K | |||||||||||
| Collateral Amount On Open Futures Contracts | $97.3M | $241.6M | $127.3M | $97.5M | $83.4M | $100.3M | $101.0M | $45.0M | $24.9M | $226.2M | $24.1M | $144.8M | |||||||
| Total Expenses | |||||||||||||||||||
| Fees And Commissions | $277.0K | $133.0K | $156.0K | $235.0K | $224.0K | $216.0K | |||||||||||||
| Unrealized Gain Loss On Open Swap Contracts | -$907.00 | -$2.2K | $14.9M | $0.00 | -$6.7M | -$3.5M | -$12.8M | $27.2M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q3 2017 | Q2 2017 | Q1 2017 | Q3 2016 | Q2 2016 | Q1 2016 | Q3 2015 | Q2 2015 | Q1 2015 | Q3 2014 | Q2 2014 | Q1 2014 | Q4 2013 | Q3 2013 | Q2 2013 | Q1 2013 | Q4 2012 | Q3 2012 | Q2 2012 | Q1 2012 | Q4 2011 | Q3 2011 | Q2 2011 | Q1 2011 | Q4 2010 | Q3 2010 | Q2 2010 | Q1 2010 | Q3 2009 | Q2 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Asset Value Per Unit | $12.97 | $15.31 | $21.54 | $16.43 | $17.39 | $14.74 | $27.24 | $29.86 | $28.05 | $23.28 | $18.45 | $19.69 | $20.29 | $12.39 | $9.61 | $11.35 | $10.25 | $12.43 | $19.93 | $19.83 | $23.42 | $24.86 | $23.71 | $22.54 | $26.18 | $27.13 | $30.28 | $8.33 | $8.65 | $6.64 | $11.60 | $13.59 | $13.26 | $22.10 | $24.58 | $24.35 | $18.30 | $18.89 | $21.93 | $21.36 | $19.27 | $16.01 | $36.00 | $44.08 | $46.00 | $12.36 | $15.56 | ||||||||||
| Unrealized Gain Loss On Commodity Contracts | $21.0M | -$21.4M | -$79.2M | $153.2M | -$62.9M | -$59.6M | -$65.0M | $135.7M | $62.3M | $33.0M | -$189.0M | $52.7M | $2.7M | $21.2M | $20.8M | -$20.0M | $30.6M | -$8.5M | -$31.6M | $11.8M | $50.1M | $25.7M | -$4.8M | -$56.1M | -$23.9M | -$16.8M | -$15.3M | -$71.9M | $58.7M | -$106.6M | -$42.3M | $29.9M | $127.7M | $55.6M | -$31.8M | $9.5M | -$2.6M | -$78.1M | $48.3M | -$34.8M | $178.0M | -$33.7M | -$40.2M | -$84.1M | -$27.5M | $50.9M | -$14.7M | -$101.6M | $665.6M | -$379.2M | |||||||
| Interest Income Operating | $1.9M | $1.6M | $2.2M | $8.2M | $9.1M | $8.9M | $10.5M | $9.7M | $4.5M | $906.0K | $79.9K | $15.0K | $20.0K | $5.4K | $21.9K | $125.3K | $603.0K | $1.1M | $1.5M | $1.6M | $1.6M | $1.5M | $1.3M | $1.4M | $1.1M | $766.4K | $640.4K | $473.2K | $432.0K | $267.2K | $85.6K | $56.6K | $38.3K | $38.0K | $38.4K | $66.1K | $40.7K | $43.3K | $57.1K | $85.5K | $34.7K | $30.1K | $43.0K | $59.9K | $98.0K | $130.6K | $125.4K | $83.7K | $56.3K | $35.3K | |||||||
| Floor Brokerage Exchange And Clearance Fees | $282.9K | $167.2K | $299.6K | $632.5K | $611.0K | $809.4K | $582.8K | $783.7K | $808.7K | $155.3K | $163.7K | $204.4K | $147.6K | $178.3K | $257.9K | $370.0K | $595.5K | $572.7K | $290.2K | $251.1K | $271.6K | $298.8K | $366.9K | $445.0K | $403.6K | $381.0K | $419.7K | $441.0K | $522.8K | $562.7K | $572.5K | $591.8K | $605.9K | $462.2K | $452.2K | $570.8K | $615.8K | $529.2K | $669.7K | $848.9K | $929.2K | $1.0M | $1.0M | $1.2M | $1.4M | $1.4M | $1.5M | $1.7M | $5.7M | $3.6M | |||||||
| Dividend Income Operating | $3.0M | $1.9M | $3.6M | $1.6M | $897.7K | $854.4K | $2.7M | $2.7M | $4.4M | $1.7M | $561.3K | $40.1K | $11.6K | $11.7K | $8.2K | $58.5K | $104.1K | $669.1K | $220.4K | $37.0K | $112.1K | $157.5K | $110.0K | $57.0K | $45.2K | $34.3K | $19.3K | $31.5K | $26.9K | $17.9K | $18.6K | $21.0K | $21.0K | $22.0K | $21.9K | $22.9K | $28.8K | $34.9K | $36.7K | $29.5K | $28.5K | $24.3K | $21.0K | $33.8K | $114.9K | $308.0K | $234.6K | $136.2K | $912.0K | $739.3K | |||||||
| Gain Loss On Sale Of Commodity Contracts | -$56.8M | -$42.0M | $228.7M | -$162.5M | $212.7M | -$131.3M | $7.2M | -$55.3M | -$483.3M | $80.3M | $135.2M | $158.1M | $132.0M | $55.4M | $9.0M | $74.4M | -$102.5M | -$124.7M | $46.9M | -$53.2M | -$51.6M | -$6.8M | $23.8M | $67.1M | $12.1M | -$27.8M | -$78.7M | $52.7M | $94.0M | -$7.3M | -$44.6M | $4.1M | -$169.2M | -$120.4M | $36.6M | $124.1M | -$7.7M | -$10.7M | $88.3M | $120.4M | -$21.5M | -$299.4M | -$122.0M | $56.5M | $2.6M | -$323.0M | $200.4M | -$465.8M | -$1.37B | $228.0M | |||||||
| Professional Fees | $292.7K | $322.9K | $612.4K | $602.2K | $597.8K | $435.3K | $282.4K | $294.9K | $320.1K | $426.0K | $287.2K | $137.4K | $149.1K | $290.0K | $125.1K | $162.9K | $192.6K | $159.4K | $161.2K | $241.3K | $238.7K | $225.6K | $232.5K | $238.7K | $188.8K | $362.2K | $360.5K | $46.8K | $67.5K | $50.5K | $340.7K | $374.9K | $346.1K | $399.4K | $418.8K | $411.9K | $415.9K | $495.4K | $401.9K | $276.9K | $318.3K | $296.6K | $63.8K | $649.2K | $698.2K | $471.0K | $586.2K | $751.9K | $1.3M | $1.0M | |||||||
| Noninterest Expense Directors Fees | $19.4K | $15.1K | $51.0K | $70.8K | $69.1K | $66.0K | $53.9K | $43.2K | $37.4K | $29.6K | $26.4K | $21.2K | $20.2K | $19.1K | $18.9K | $19.1K | $19.7K | $24.5K | $18.8K | $13.4K | $17.2K | $17.5K | $17.3K | $15.4K | $16.0K | $14.4K | $15.2K | $15.9K | $40.6K | $21.5K | $28.8K | $29.2K | $34.3K | $46.0K | $50.0K | $50.6K | $39.0K | $40.1K | $44.1K | $415.5K | $49.2K | $49.6K | $95.3K | ||||||||||||||
| Other Expenses | $0.00 | $0.00 | $0.00 | $22.3K | $81.0K | $101.4K | $111.8K | $68.3K | $34.6K | $15.4K | $25.4K | $14.7K | $14.6K | $39.3K | $41.6K | $39.3K | $82.5K | $101.8K | $100.6K | $100.6K | $101.8K | $100.6K | $75.0K | $74.8K | $74.9K | $14.2K | $86.4K | $85.2K | $84.4K | $86.9K | $72.8K | $61.0K | $197.0K | $216.5K | $283.7K | $697.3K | $187.7K | $262.7K | $996.8K | $345.5K | |||||||||||||||||
| Other Income | $57.0K | $73.0K | $68.0K | $54.0K | $60.0K | $69.0K | $82.0K | $81.0K | $129.0K | $45.0K | $60.0K | $49.0K | $21.0K | $11.0K | $40.0K | $32.0K | $42.1K | $44.0K | $23.0K | $20.0K | $37.0K | $34.0K | $47.0K | $62.0K | $48.0K | $60.0K | $41.0K | $50.0K | $77.0K | $51.0K | $62.0K | $60.0K | $60.0K | $64.0K | $42.0K | $27.0K | $39.0K | $58.0K | $48.0K | $52.0K | $47.0K | $11.0K | $109.0K | ||||||||||||||
| Partners Capital | $624.5M | $360.5M | $420.9M | $889.8M | $712.1M | $830.5M | $1.16B | $1.12B | $1.16B | $470.0M | $414.8M | $387.6M | $413.7M | $277.8M | $273.7M | $316.5M | $383.4M | $327.9M | $256.8M | $324.9M | $254.9M | $305.5M | $336.3M | $351.3M | $523.9M | $447.5M | $460.7M | $573.4M | $577.6M | $523.8M | $557.5M | $623.5M | $616.3M | $706.5M | $707.2M | $651.6M | $940.2M | $902.2M | $937.7M | $1.12B | $1.16B | $777.6M | $1.34B | $1.86B | $2.31B | $2.53B | $2.80B | ||||||||||
| Partners Capital Account Units Redeemed | $9.0M | $19.4M | $39.9M | $16.1M | $31.3M | $28.1M | $14.3M | $21.1M | $14.3M | $11.4M | $13.7M | $29.0M | $7.1M | $6.7M | $23.6M | $17.5M | $10.5M | $17.0M | $8.1M | $2.9M | $10.3M | $32.0M | $71.8M | $9.2M | $64.5M | $43.4M | $169.2M | $334.5M | |||||||||||||||||||||||||||||
| Partners Capital Account Units Contributed | $33.6M | $23.4M | $15.3M | $29.3M | $15.9M | $36.6M | $19.2M | $17.2M | $48.2M | $9.1M | $16.5M | $18.7M | $5.7M | $21.5M | $7.0M | $8.0M | $7.0M | $17.1M | $4.6M | $8.4M | $11.0M | $19.6M | $74.8M | $28.8M | $45.7M | $23.3M | $52.2M | $90.6M | |||||||||||||||||||||||||||||
| Total Income Loss | -$54.5M | -$121.3M | $210.8M | $4.4M | $176.6M | -$162.0M | -$79.0M | $113.1M | -$443.6M | $115.9M | -$53.1M | $210.9M | $134.8M | $76.6M | $29.8M | $54.6M | -$71.2M | -$131.4M | $17.1M | -$39.7M | $333.8K | $20.6M | $20.5M | $155.1M | $131.8M | -$13.4M | -$118.0M | $166.8M | -$142.0M | $106.4M | $188.4M | -$427.7M | -$403.3M | -$301.9M | -$50.3M | -$58.1M | -$33.1M | -$559.5M | $382.1M | -$1.28B | |||||||||||||||||
| Unrealized Gain Loss On Open Commodity Futures And Cleared Swap Contracts | $1.1M | -$19.9M | $1.5M | $70.7M | -$82.5M | -$19.5M | -$11.8M | $53.2M | -$82.5M | -$101.9M | -$134.9M | $54.1M | $30.2M | $27.6M | $6.3M | -$18.7M | $1.4M | -$29.2M | -$36.6M | -$5.1M | -$16.9M | $20.6M | -$5.1M | -$356.4K | -$18.6M | $5.3M | $22.1M | -$18.3M | $53.6M | -$5.1M | -$52.5M | -$10.2M | -$40.1M | $19.4M | -$36.3M | -$4.5M | -$47.0M | -$44.4M | $33.7M | $60.5M | $95.3M | -$82.7M | -$64.4M | -$24.2M | $59.9M | -$107.2M | -$158.0M | ||||||||||
| Market Value Per Unit | $13.07 | $15.28 | $21.61 | $16.33 | $17.43 | $14.57 | $6.83 | $7.42 | $6.94 | $23.38 | $19.01 | $19.72 | $20.16 | $13.08 | $9.58 | $11.41 | $10.26 | $12.55 | $19.93 | $19.89 | $23.48 | $24.83 | $23.70 | $22.55 | $6.57 | $6.78 | $7.57 | $8.36 | $8.64 | $6.66 | $11.61 | $13.56 | $13.24 | $22.11 | $24.60 | $24.42 | $18.28 | $18.95 | $21.88 | $21.34 | $19.29 | $15.92 | $9.01 | $11.02 | $11.50 | $6.17 | $7.75 | ||||||||||
| Limited Partners Capital Account Units Outstanding | $48.1M | $23.5M | $19.5M | $54.1M | $40.9M | $56.3M | $169.8M | $150.1M | $165.9M | $20.2M | $22.5M | $19.7M | $20.4M | $21.8M | $28.5M | $27.9M | $37.4M | $26.4M | $12.9M | $16.4M | $10.9M | $12.3M | $14.2M | $15.6M | $80.1M | $66.0M | $60.9M | $68.9M | $66.8M | $78.9M | $48.1M | $45.9M | $46.5M | $32.0M | $28.8M | $26.8M | $51.4M | $47.8M | $42.8M | $52.4M | $60.3M | $48.6M | $148.6M | $169.0M | $200.7M | $409.8M | $359.7M | ||||||||||
| Limited Partners Capital Account | $624.5M | $360.5M | $420.9M | $889.8M | $712.1M | $830.5M | $1.16B | $1.12B | $1.16B | $470.0M | $414.8M | $387.6M | $413.7M | $277.8M | $273.7M | $316.5M | $383.4M | $327.9M | $256.8M | $324.9M | $254.9M | $305.5M | $336.3M | $351.3M | $523.9M | $447.5M | $460.7M | $573.4M | $577.6M | $523.8M | $557.5M | $623.5M | $616.3M | $706.5M | $707.2M | $651.6M | $940.2M | $902.2M | $937.7M | $1.12B | $1.16B | $777.6M | $1.34B | $1.86B | $2.31B | $2.53B | $2.80B | ||||||||||
| Gain Loss On Sale Of Derivatives | $0.00 | $93.00 | $0.00 | -$2.3K | $0.00 | -$13.5K | $0.00 | $0.00 | -$1.2K | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.3M | $15.4M | -$14.5M | -$14.4M | $22.6M | $21.9M | $5.1M | -$91.4M | -$120.1M | $3.9M | -$28.9M | -$299.3M | $188.5M | -$697.4M | -$3.3M | ||||||||||||||||||||||||||
| Due To Officers Or Stockholders Current And Noncurrent | $538.2K | $240.4K | $259.0K | $270.8K | $192.0K | $146.8K | $130.5K | $150.1K | $165.0K | $193.2K | $193.4K | $151.0K | $141.4K | $114.9K | $117.3K | $182.4K | $158.0K | $240.5K | $217.8K | $248.1K | $279.2K | $280.4K | $262.8K | $280.2K | $322.4K | $315.7K | $354.1K | $337.8K | $384.9K | $462.7K | $436.8K | $514.7K | $542.1K | $474.0K | $435.8K | $679.2K | $846.2K | $1.1M | $1.1M | $1.3M | |||||||||||||||||
| Asset Management Costs | $648.7K | $697.9K | $660.5K | $739.8K | $823.1K | $819.5K | $726.2K | $890.1K | $982.4K | $966.3K | $1.0M | $1.0M | $1.2M | $1.4M | $1.4M | $1.6M | $1.7M | $1.3M | $1.4M | $2.3M | $2.7M | $3.2M | $3.6M | $3.9M | $5.0M | $5.2M | $2.7M | ||||||||||||||||||||||||||||||
| Management Fee Expense | $757.4K | $562.1K | $905.9K | $1.2M | $1.2M | $1.2M | $1.7M | $1.7M | $1.3M | $807.9K | $732.7K | $534.0K | $427.8K | $389.3K | $521.0K | $551.6K | $581.2K | $688.2K | $459.5K | $412.3K | $432.9K | $504.9K | $533.0K | $648.7K | $697.9K | $660.5K | |||||||||||||||||||||||||||||||
| License Fees And Other Offering Expenses | $18.9K | $14.1K | $22.6K | $30.1K | $30.0K | $30.6K | $42.2K | $42.7K | $32.7K | $20.2K | $18.3K | $13.4K | $10.7K | $9.7K | $13.0K | $13.8K | $14.5K | $17.2K | $11.5K | $10.3K | $10.8K | $12.6K | $13.3K | $16.2K | $17.4K | $16.5K | |||||||||||||||||||||||||||||||
| General Partners Capital Account | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||
| Unrealized Gain Loss On Derivatives | $0.00 | $0.00 | $0.00 | $0.00 | $753.8K | $5.9M | $11.2M | -$14.9M | $7.6M | -$1.2M | $26.7M | -$3.4M | -$19.7M | -$26.7M | -$4.6M | $11.5M | $7.4M | -$18.7M | $45.3M | ||||||||||||||||||||||||||||||||||||||
| Unrealized Gain Loss On Derivatives And Commodity Contracts | -$79.2M | -$59.6M | $62.3M | $52.7M | $20.8M | -$8.5M | $50.1M | -$56.1M | |||||||||||||||||||||||||||||||||||||||||||||||||
| Partners Capital Account Redemptions | $238.5M | $263.5M | $775.1M | $531.8M | $61.2M | $463.9M | $1.57B | $863.1M | $341.9M | $847.9M | |||||||||||||||||||||||||||||||||||||||||||||||
| Partners Capital Account Contributions | $254.7M | $271.0M | $463.3M | $549.6M | $185.1M | $473.2M | $1.13B | $450.5M | $477.9M | $551.5M | |||||||||||||||||||||||||||||||||||||||||||||||
| Prepaid Expense Current | $0.00 | $0.00 | $22.3K | $186.1K | $287.5K | $399.2K | $536.5K | $571.1K | $49.6K | $89.7K | $104.4K | $119.0K | $199.9K | $241.5K | $105.3K | $289.5K | $391.3K | $491.9K | $694.3K | $796.1K | $896.7K | ||||||||||||||||||||||||||||||||||||
| License Costs | $16.2K | $17.4K | $16.5K | $18.5K | $20.6K | $20.5K | $18.2K | $22.3K | $24.6K | $24.2K | $26.0K | $26.2K | $29.6K | ||||||||||||||||||||||||||||||||||||||||||||
| Prepaid Insurance Current And Non Current | $168.8K | $169.9K | $169.9K | $77.6K | $125.3K | $172.4K | $104.5K | $132.9K | $151.5K | $35.5K | $54.3K | $72.9K | $28.0K | $42.9K | $57.6K | $27.4K | $41.2K | $54.9K | $15.3K | ||||||||||||||||||||||||||||||||||||||
| Collateral Amount On Open Futures Contracts | $290.3M | $206.3M | $50.0M | $94.1M | $50.0M | $18.8M | $61.5M | $86.4M | $73.3M | $59.2M | $64.9M | $77.6M | $20.0M | $30.8M | $64.5M | $48.1M | $45.0M | $58.2M | $103.5M | $79.8M | $89.4M | $75.4M | $105.0M | $64.8M | $94.7M | $69.2M | $130.2M | $130.0M | |||||||||||||||||||||||||||||
| Total Expenses | $2.9M | $2.5M | $1.4M | $1.2M | $910.4K | $755.4K | $908.7K | $1.0M | $1.2M | $1.5M | $1.5M | $975.8K | $943.8K | $996.6K | $1.1M | $1.2M | |||||||||||||||||||||||||||||||||||||||||
| Fees And Commissions | $62.0K | $48.0K | $60.0K | $84.0K | $30.0K | $21.0K | $25.0K | $46.0K | $35.0K | $48.0K | $41.0K | $50.0K | $77.0K | ||||||||||||||||||||||||||||||||||||||||||||
| Unrealized Gain Loss On Open Swap Contracts | -$1.2K | -$1.6K | -$831.00 | -$7.0M | $29.6M | -$2.0K | $0.00 | $0.00 | -$753.8K | $394.1K | -$10.9M | $4.1M | $9.3M | $10.5M | -$16.2M | -$23.8M |
Most recent annual filing with the SEC: February 27, 2026
Data sourced from SEC EDGAR public filings as of August 5, 2026.