United States Gasoline Fund LP Files Q3 2024 10-Q
Ticker: UGA · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 1396878
Sentiment: neutral
Topics: 10-Q, quarterly-report, gasoline-fund
TL;DR
**USGS 10-Q filed! Q3 2024 numbers are in. Check it out.**
AI Summary
United States Gasoline Fund, LP filed its 10-Q for the period ending September 30, 2024. The filing details financial information and operational data for the fund, which is structured as a limited partnership. The company's principal business address is in Walnut Creek, CA.
Why It Matters
This filing provides investors with an update on the financial health and performance of the United States Gasoline Fund, LP, crucial for understanding its current market position.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report and does not indicate any immediate or unusual risks.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-11-08 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- United States Gasoline Fund, LP (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- Walnut Creek, CA (location) — Business address of the filer
FAQ
What is the primary business of United States Gasoline Fund, LP?
The filing indicates the company is structured as a limited partnership and its principal business address is in Walnut Creek, CA, with a fiscal year end of December 31.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on November 8, 2024.
What is the SEC file number for United States Gasoline Fund, LP?
The SEC file number is 001-33975.
What is the Central Index Key (CIK) for United States Gasoline Fund, LP?
The Central Index Key (CIK) for United States Gasoline Fund, LP is 0001396878.
Filing Stats: 4,567 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-11-08 12:54:15
Filing Documents
- uga-20240930x10q.htm (10-Q) — 1103KB
- uga-20240930xex31d1.htm (EX-31.1) — 14KB
- uga-20240930xex31d2.htm (EX-31.2) — 15KB
- uga-20240930xex32d1.htm (EX-32.1) — 6KB
- uga-20240930xex32d2.htm (EX-32.2) — 6KB
- uga-20240930x10q009.jpg (GRAPHIC) — 58KB
- uga-20240930x10q010.jpg (GRAPHIC) — 57KB
- uga-20240930x10q011.jpg (GRAPHIC) — 77KB
- uga-20240930x10q012.jpg (GRAPHIC) — 79KB
- 0001410578-24-001826.txt ( ) — 4724KB
- uga-20240930.xsd (EX-101.SCH) — 39KB
- uga-20240930_cal.xml (EX-101.CAL) — 25KB
- uga-20240930_def.xml (EX-101.DEF) — 95KB
- uga-20240930_lab.xml (EX-101.LAB) — 218KB
- uga-20240930_pre.xml (EX-101.PRE) — 183KB
- uga-20240930x10q_htm.xml (XML) — 586KB
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION Page Item I. Condensed Financial Statements. 3
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 20
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 39
Controls and Procedures
Item 4. Controls and Procedures. 40
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings. 41
Risk Factors
Item 1A. Risk Factors. 44
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 44
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 45
Mine Safety Disclosures
Item 4. Mine Safety Disclosures. 45
Other Information
Item 5. Other Information. 45
Exhibits
Item 6. Exhibits. 46 2 Table of Contents
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION
Condensed Financial Statements
Item 1. Condensed Financial Statements. Index to Condensed Financial Statements Documents Page Condensed Statements of Financial Condition at September 30, 2024 (Unaudited) and December 31, 2023 4 Condensed Schedules of Investments at September 30, 2024 (Unaudited) and December 31, 2023 5 Condensed Statements of Operations (Unaudited) for the three and nine months ended September 30, 2024 and 2023 7 Condensed Statements of Changes in Partners' Capital (Unaudited) for the three and nine months ended September 30, 2024 and 2023 8 Condensed Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2024 and 2023 9 Notes to Condensed Financial Statements (Unaudited) for the period ended September 30, 2024 10 3 Table of Contents United States Gasoline Fund, LP Condensed Statements of Financial Condition At September 30, 2024 (Unaudited) and December 31, 2023 September 30, 2024 December 31, 2023 Assets Cash and cash equivalents (at cost $ 74,650,255 and $ 45,845,199 , respectively) (Notes 2 and 5) $ 74,650,255 $ 45,845,199 Equity in trading accounts: Cash and cash equivalents (at cost $ 21,985,460 and $ 40,626,444 , respectively) 21,985,460 40,626,444 Unrealized gain (loss) on open commodity futures contracts ( 319,053 ) ( 1,664,279 ) Dividends receivable 146,997 158,330 Interest receivable 235,180 196,367 Prepaid insurance 5,822 4,133 Total Assets $ 96,704,661 $ 85,166,194 Liabilities and Partners' Capital General Partner management fees payable (Note 3) $ 46,513 $ 42,835 Professional fees payable 86,882 201,750 Brokerage commissions payable 21,403 21,403 Directors' fees payable 2,793 1,711 License fees payable 11,675 426 Total Liabilities 169,266 268,125 Commitments and Contingencies (Notes 3, 4 & 5) Partners' Capital General Partners — — Limited Partners 96,535,395 84,898,069 Total Partners' Capital 96,535,395 84,898,