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United States Gasoline Fund, LP (UGA) Stock Fundamental Analysis & AI Rating 2026

UGA NYSE Commodity Contracts Brokers & Dealers DE CIK: 0001396878
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
SELL
48% Conf
Pending
Analysis scheduled

📊 UGA Key Takeaways

Revenue: $-3.1M
Net Margin: 126.9%
Free Cash Flow: $-1.8M
Current Ratio: N/A
Debt/Equity: N/A
EPS: $0.00
AI Rating: SELL with 48% confidence
United States Gasoline Fund, LP (UGA) receives a SELL rating with 48% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of -$3.1M, net profit margin of 126.9%, United States Gasoline Fund, LP demonstrates mixed fundamentals in the Market sector. Below is our complete UGA stock analysis for 2026.

Is United States Gasoline Fund, LP (UGA) a Good Investment?

Claude

UGA is a commodity futures tracking fund showing significant operational losses with -$3.1M revenue decline and negative operating cash flow of -$1.8M, indicating deteriorating performance in gasoline futures exposure. While the fund maintains a strong liquidity position with $67.1M cash (87% of assets) and minimal debt, the persistent negative cash generation and deteriorating year-over-year results suggest losses exceeding expense coverage.

Why Buy United States Gasoline Fund, LP Stock? UGA Key Strengths

Claude
  • + Extremely strong liquidity position with $67.1M cash representing 87% of total assets
  • + Minimal liability burden at $246.5K with no long-term debt
  • + Very low operational leverage and financial risk from balance sheet structure

UGA Stock Risks: United States Gasoline Fund, LP Investment Risks

Claude
  • ! Negative operating cash flow of -$1.8M indicates fund is consuming capital to cover expenses
  • ! Severe year-over-year deterioration with -146.4% revenue decline and -169.6% net income decline
  • ! As a commodity tracking fund, performance entirely dependent on gasoline futures prices which are in declining trend; limited data quality (only 13 metrics available) and many N/A ratios restrict traditional fundamental analysis applicability

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory (currently negative at -$1.8M)
  • * Gasoline futures price benchmark performance and fund tracking error
  • * Cash burn rate and asset depletion pace given negative cash generation

United States Gasoline Fund, LP (UGA) Financial Metrics & Key Ratios

Revenue
$-3.1M
Net Income
$-3.9M
EPS (Diluted)
$0.00
Free Cash Flow
$-1.8M
Total Assets
$77.5M
Cash Position
$67.1M

💡 AI Analyst Insight

The 57.1% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

UGA Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin 126.9%
ROE N/A
ROA -5.1%
FCF Margin 57.1%

UGA vs Market Sector: How United States Gasoline Fund, LP Compares

How United States Gasoline Fund, LP compares to Market sector averages

Net Margin
UGA 126.9%
vs
Sector Avg 12.0%
UGA Sector
ROE
UGA 0.0%
vs
Sector Avg 15.0%
UGA Sector
Current Ratio
UGA 0.0x
vs
Sector Avg 1.8x
UGA Sector
Debt/Equity
UGA 0.0x
vs
Sector Avg 0.7x
UGA Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is United States Gasoline Fund, LP Stock Overvalued? UGA Valuation Analysis 2026

Based on fundamental analysis, United States Gasoline Fund, LP has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
N/A
Sector avg: 15%
Net Profit Margin
126.9%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

United States Gasoline Fund, LP Balance Sheet: UGA Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
N/A
Debt/Assets
0.3%
Interest Coverage
N/A
Long-term Debt
N/A

UGA Revenue & Earnings Growth: 5-Year Financial Trend

UGA 5-year financial data: Year 2021: Revenue $49.1M, Net Income $13.4M, EPS N/A. Year 2022: Revenue $49.1M, Net Income $42.5M, EPS N/A. Year 2023: Revenue $49.1M, Net Income $48.3M, EPS N/A. Year 2024: Revenue $28.4M, Net Income $27.4M, EPS N/A. Year 2025: Revenue $16.1M, Net Income $539.1K, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: United States Gasoline Fund, LP's revenue has declined by 67% over the 5-year period, indicating business contraction.

UGA Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
57.1%
Free cash flow / Revenue

UGA Quarterly Earnings & Performance

Quarterly financial performance data for United States Gasoline Fund, LP including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 -$13.5M $1.3M N/A
Q2 2025 -$5.5M -$3.6M N/A
Q1 2025 $2.3M $2.1M N/A
Q3 2024 -$13.5M -$1.6M N/A
Q2 2024 -$3.5M $3.7M N/A
Q1 2024 $2.2M $2.0M N/A
Q3 2023 -$26.7M $8.9M N/A
Q2 2023 $1.9M $3.7M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

United States Gasoline Fund, LP Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$1.8M
Cash generated from operations
Dividends
None
No dividend program

UGA SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for United States Gasoline Fund, LP (CIK: 0001396878)

📋 Recent SEC Filings

Date Form Document Action
Mar 27, 2026 8-K i26128_uga-8k.htm View →
Mar 27, 2026 8-K tm268499d4_8k.htm View →
Mar 20, 2026 8-K tm268488d4_8k.htm View →
Feb 27, 2026 10-K uga-20251231x10k.htm View →
Feb 27, 2026 8-K tm266376d4_8k.htm View →

Frequently Asked Questions about UGA

What is the AI rating for UGA?

United States Gasoline Fund, LP (UGA) has an AI rating of SELL with 48% confidence, based on fundamental analysis of SEC EDGAR filings.

What are UGA's key strengths?

Claude: Extremely strong liquidity position with $67.1M cash representing 87% of total assets. Minimal liability burden at $246.5K with no long-term debt.

What are the risks of investing in UGA?

Claude: Negative operating cash flow of -$1.8M indicates fund is consuming capital to cover expenses. Severe year-over-year deterioration with -146.4% revenue decline and -169.6% net income decline.

What is UGA's revenue and growth?

United States Gasoline Fund, LP reported revenue of $-3.1M.

Does UGA pay dividends?

United States Gasoline Fund, LP does not currently pay dividends.

Where can I find UGA SEC filings?

Official SEC filings for United States Gasoline Fund, LP (CIK: 0001396878) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is UGA's EPS?

United States Gasoline Fund, LP has a diluted EPS of $0.00.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is UGA a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, United States Gasoline Fund, LP has a SELL rating with 48% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is UGA stock overvalued or undervalued?

Valuation metrics for UGA: ROE of N/A (sector avg: 15%), net margin of 126.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy UGA stock in 2026?

Our dual AI analysis gives United States Gasoline Fund, LP a combined SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is UGA's free cash flow?

United States Gasoline Fund, LP's operating cash flow is $-1.8M, with capital expenditures of N/A. FCF margin is 57.1%.

How does UGA compare to other Market stocks?

Vs Default sector averages: Net margin 126.9% (avg: 12%), ROE N/A (avg: 15%), current ratio N/A (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI