UTG
Income statement / Annual
Last year (2025), Reaves Utility Income Fund's total revenue was $275.85 M,
an increase of 10.54% from the previous year.
In 2025, Reaves Utility Income Fund's net income was $769.15 M.
See Reaves Utility Income Fund,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
10/31/2025 |
10/31/2024 |
10/31/2023 |
10/31/2022 |
10/31/2021 |
10/31/2020 |
10/31/2019 |
10/31/2018 |
10/31/2017 |
10/31/2016 |
| Operating Revenue |
$275.85 M |
$249.54 M |
$210.42 M |
$201.03 M |
$144.56 M |
$116.45 M |
$341.27 M |
$34.82 M |
$171.22 M |
$176.59 M |
| Cost of Revenue |
$26.98 M
|
$20.67 M
|
$18.90 M
|
$22.46 M
|
$20.18 M
|
$17.58 M
|
$17.91 M
|
$16.94 M
|
$12.91 M
|
$11.81 M
|
| Gross Profit |
$248.87 M
|
$228.88 M
|
$191.52 M
|
$178.57 M
|
$124.38 M
|
$98.87 M
|
$323.36 M
|
$17.87 M
|
$158.31 M
|
$164.79 M
|
| Gross Profit Ratio |
0.9
|
0.92
|
0.91
|
0.89
|
0.86
|
0.85
|
0.95
|
0.51
|
0.92
|
0.93
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.23
|
$1.79
|
$1.42
|
| General & Administrative Expenses |
$5.99 M
|
$4.92 M
|
$4.46 M
|
$7.45 M
|
$6.98 M
|
$6.12 M
|
$6.08 M
|
$5.76 M
|
$4.25 M
|
$4.05 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$5.99 M
|
$4.92 M
|
$4.46 M
|
$7.45 M
|
$6.98 M
|
$6.12 M
|
$6.08 M
|
$5.76 M
|
$4.25 M
|
$4.05 M
|
| Other Expenses |
-$563.85 M
|
$0.00
|
$26.88 K
|
$79.38 K
|
$0.00
|
$223.45 M
|
$1.14 M
|
$48.67 M
|
$48.67 M
|
$35.86 M
|
| Operating Expenses |
-$557.85 M
|
$4.92 M
|
$4.48 M
|
$7.53 M
|
$6.98 M
|
$229.57 M
|
$7.22 M
|
$5.76 M
|
$4.25 M
|
$4.05 M
|
| Cost And Expenses |
-$530.87 M
|
-$650.23 M
|
$256.28 M
|
$414.35 M
|
-$109.04 M
|
$288.80 M
|
$7.22 M
|
$5.76 M
|
$4.25 M
|
$4.05 M
|
| Interest Income |
$24.36 K
|
$1.77 M
|
$0.00
|
$0.00
|
$0.00
|
$47.88 K
|
$153.79 K
|
$944.39 K
|
$439.14 K
|
$206.12 K
|
| Interest Expense |
$37.67 M
|
$34.20 M
|
$28.45 M
|
$8.49 M
|
$3.60 M
|
$6.71 M
|
$14.70 M
|
$12.42 M
|
$6.76 M
|
$4.81 M
|
| Depreciation & Amortization |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$46.57 M
|
-$53.32 M
|
-$42.00 M
|
-$32.94 M
|
| EBITDA |
$806.73 M |
$899.77 M |
-$45.86 M |
-$213.32 M |
$253.61 M |
-$172.35 M |
$0.00 |
-$24.26 M |
$0.00 |
$0.00 |
| EBITDA Ratio |
2.92
|
3.61
|
-0.22
|
-1.06
|
1.75
|
-1.48
|
0
|
-0.7
|
0
|
0
|
| Operating Income Ratio |
2.92
|
3.61
|
-0.22
|
-1.06
|
1.75
|
-1.48
|
0.98
|
0.83
|
0.98
|
0.98
|
| Total Other Income/Expenses Net |
-$37.58 M
|
-$34.48 M
|
-$28.51 M
|
-$8.69 M
|
-$3.78 M
|
-$6.51 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$769.15 M
|
$865.29 M
|
-$74.37 M
|
-$222.02 M
|
$249.82 M
|
-$178.86 M
|
$334.05 M
|
$29.06 M
|
$166.97 M
|
$172.55 M
|
| Income Before Tax Ratio |
2.79
|
3.47
|
-0.35
|
-1.1
|
1.73
|
-1.54
|
0.98
|
0.83
|
0.98
|
0.98
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$161.14 K
|
$0.00
|
$0.00
|
| Net Income |
$769.15 M
|
$865.29 M
|
-$74.37 M
|
-$222.02 M
|
$249.82 M
|
-$178.86 M
|
$334.05 M
|
$29.06 M
|
$166.97 M
|
$172.55 M
|
| Net Income Ratio |
2.79
|
3.47
|
-0.35
|
-1.1
|
1.73
|
-1.54
|
0.98
|
0.83
|
0.98
|
0.98
|
| EPS |
8.57 |
10.35 |
-0.9 |
-3.1 |
4.52 |
-3.59 |
6.86 |
0.6 |
4.87 |
4.65 |
| EPS Diluted |
8.57 |
10.35 |
-0.96 |
-3.1 |
4.52 |
-3.59 |
6.86 |
0.59 |
4.87 |
4.65 |
| Weighted Average Shares Out |
$89.75 M
|
$83.60 M
|
$82.63 M
|
$71.62 M
|
$55.27 M
|
$49.82 M
|
$48.70 M
|
$48.67 M
|
$34.29 M
|
$35.86 M
|
| Weighted Average Shares Out Diluted |
$89.75 M
|
$83.60 M
|
$77.20 M
|
$71.62 M
|
$55.27 M
|
$49.82 M
|
$48.70 M
|
$49.25 M
|
$34.29 M
|
$37.12 M
|
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