Reaves Utility Income Fund (UTG)

UTG Financials Overview

Financials in millions USD. Fiscal year is November - October.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Revenue Revenue Growth	91.39	93.29	96.11	88.7	66.67	57.56
Revenue Growth	-2.03%	-2.93%	8.35%	33.05%	15.82%	0.26%
Gross Profit Gross Profit Growth	91.39	93.29	96.11	88.7	66.67	57.56
Operating Income Operating Income Growth	61.22	65.78	74.95	69.36	43.77	37.02
Net Income Net Income Growth	1,255	769.15	865.29	-74.37	-222.02	249.82
Earnings Per Share EPS Growth	13.62	8.48	9.86	-0.96	-3.08	3.83
EPS Growth	60.63%	-13.97%	-	-	-	-

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Cash & Investments Cash & Investments Growth	0	0	0	0.99	0.63	1.36
Total Debt Total Debt Growth	950	875	650	520	500	450
Net Cash (Debt) Net Cash Growth	-950	-875	-650	-519.01	-499.37	-448.64
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-10.31	-9.65	-7.41	-6.72	-6.94	-6.88

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-131.66	-114.49	-233.12	4.84	-111.42	-351.34
Free Cash Flow Free Cash Flow Growth	-131.66	-114.49	-233.12	4.84	-111.42	-351.34
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	66.98%	70.51%	77.98%	78.19%	65.66%	64.31%
Pretax Margin	1373.09%	824.46%	900.34%	-83.84%	-333.02%	434.01%
Profit Margin	1373.09%	824.46%	900.34%	-83.84%	-333.02%	434.01%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 8, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Dividend Per Share Dividend Per Share Growth	2.520	2.320	2.280	2.280	2.280	2.200
Dividend Per Share Growth	-3.83%	1.75%	0%	0%	3.64%	1.85%
Dividend Yield	7.02%	6.42%	7.93%	11.39%	11.00%	9.26%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 8, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
PE Ratio	2.69	4.37	2.97	-	-	7.57
PS Ratio	34.55	36.06	26.74	20.20	28.06	32.86

Data Source: S&P Global Market Intelligence Last updated: Jul 2, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this fund.

Update frequency:

Semi-annually

Last checked:

Oct 8, 2026

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