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United States Gasoline Fund, LP

UGA Clue Score57
United States Fiscal year ends December CIK 0001396878
$146.14 -1.01% Close, 13 Oct 2026
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Price $146.14 +246.80% Close, 13 Oct 2026

Closing prices at the end of each trading day, from 14 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue5.7Net income5.1Fiscal year 2017Revenue0.7 −87.9%Net income0.2 −95.4%Fiscal year 2018Revenue−11.1 −1,725.2%Net income−11.5 −5,006.6%Fiscal year 2019Revenue13.6Net income13.4Fiscal year 2020Revenue43.0 +215.6%Net income42.5 +218.0%Fiscal year 2021Revenue49.1 +14.2%Net income48.3 +13.5%Fiscal year 2022Revenue28.4 −42.2%Net income27.4 −43.3%Fiscal year 2023Revenue1.4 −95.0%Net income0.5 −98.0%Fiscal year 2024Revenue6.7 +368.8%Net income5.6 +945.6%Fiscal year 2025Revenue−3.1 −146.4%Net income−3.9 −169.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.7 0.7 −11.1 13.6 43.0 49.1 28.4 1.4 6.7 −3.1
Growth −87.9% −1,725.2% +215.6% +14.2% −42.2% −95.0% +368.8% −146.4%
Net income 5.1 0.2 −11.5 13.4 42.5 48.3 27.4 0.5 5.6 −3.9
Growth −95.4% −5,006.6% +218.0% +13.5% −43.3% −98.0% +945.6% −169.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin90.3%Fiscal year 2017Net margin34.1%Fiscal year 2018Net margin102.9%Fiscal year 2019Net margin98.0%Fiscal year 2020Net margin98.7%Fiscal year 2021Net margin98.2%Fiscal year 2022Net margin96.3%Fiscal year 2023Net margin38.0%Fiscal year 2024Net margin84.6%Fiscal year 2025Net margin126.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 90.3% 34.1% 102.9% 98.0% 98.7% 98.2% 96.3% 38.0% 84.6% 126.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow1.7Fiscal year 2017Operating cash flow1.5Fiscal year 2018Operating cash flow−6.2Fiscal year 2019Operating cash flow11.5Fiscal year 2020Operating cash flow40.3Fiscal year 2021Operating cash flow46.5Fiscal year 2022Operating cash flow19.3Fiscal year 2023Operating cash flow13.6Fiscal year 2024Operating cash flow1.2Fiscal year 2025Operating cash flow−1.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.7 1.5 −6.2 11.5 40.3 46.5 19.3 13.6 1.2 −1.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2016Cash and securities64.2Shareholders’ equity70.6Fiscal year 2017Cash and securities41.2Shareholders’ equity48.0Fiscal year 2018Cash and securities27.5Shareholders’ equity31.8Fiscal year 2019Cash and securities26.7Shareholders’ equity29.1Fiscal year 2020Cash and securities72.6Shareholders’ equity80.2Fiscal year 2021Cash and securities50.1Shareholders’ equity71.8Fiscal year 2022Cash and securities30.6Shareholders’ equity86.6Fiscal year 2023Cash and securities45.8Shareholders’ equity84.9Fiscal year 2024Cash and securities75.9Shareholders’ equity100.7Fiscal year 2025Cash and securities67.1Shareholders’ equity77.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 64.2 41.2 27.5 26.7 72.6 50.1 30.6 45.8 75.9 67.1
Shareholders’ equity 70.6 48.0 31.8 29.1 80.2 71.8 86.6 84.9 100.7 77.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
90.3% 34.1% 102.9% 98.0% 98.7% 98.2% 96.3% 38.0% 84.6% 126.9%
Returns
7.3% 0.5% −36.0% 46.0% 53.0% 67.2% 31.6% 0.6% 5.6% −5.1%
7.2% 0.5% −35.8% 44.9% 52.1% 60.0% 31.4% 0.6% 5.6% −5.1%
Balance and payout
0.3% 1.5% 0.7% 2.3% 1.7% 10.8% 0.5% 0.3% 0.3% 0.3%