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8-K - 2012-0430 USNG FORM 8K - United States Natural Gas Fund, LPusng8k_2012-0430.htm
     
Exhibit 99.1
 
United States Natural Gas Fund, LP
     
Monthly Account Statement
     
For the Month Ended April 30, 2012
     
         
         
Statement of Income (Loss)
     
         
Income
       
Realized Trading Gain (Loss) on Futures
  $ (122,239,265 )
Realized Trading Gain (Loss) on Swaps
    (23,222,157 )
Unrealized Gain (Loss) on Market Value of Futures
    142,983,140  
Unrealized Gain (Loss) on Market Value of Swaps
    26,707,217  
Dividend Income
    9,630  
Interest Income
    8,824  
ETF Transaction Fees
    25,000  
 
Total Income (Loss)
$ 24,272,389  
           
Expenses
         
General Partner Management Fees
  $ 375,916  
Brokerage Commissions
    353,103  
Tax Reporting Fees
    104,046  
Audit Fees
    13,151  
NYMEX License Fee
    9,398  
Non-interested Directors' Fees and Expenses
    6,744  
Prepaid Insurance Expense
    4,847  
 
Total Expenses
  $ 867,205  
 
  Net Income (Loss)
$ 23,405,184  
           
           
Statement of Changes in Net Asset Value
       
           
           
Net Asset Value Beginning of Month 4/1/12
  $ 777,630,034  
Additions (16,700,000 Units)
    254,667,749  
Redemptions (13,200,000 Units)
    (203,814,623 )
Net Income (Loss)
    23,405,184  
           
 
Net Asset Value End of Month
$ 851,888,344  
 
Net Asset Value Per Unit (52,066,476 Units)
$ 16.36  
           
           
           
           
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 April 30, 2012 is accurate and complete.
       
           
           
/s/ Howard Mah        
           
Howard Mah
       
Chief Financial Officer
       
United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP
 
           
United States Commodity Funds LLC
       
1320 Harbor Bay Parkway
       
Suite 145
         
Alameda, CA 94502