GABELLI UTILITY TRUST (GUT)
Operating as a closed-end equity fund, The Gabelli Utility Trust was initially established by GAMCO Investors, Inc., with its management overseen by Gabelli Funds, LLC. This fund primarily allocates capital to publicly traded companies across global markets, focusing specifically on businesses involved in delivering products, services, or vital equipment for the generation or distribution of essential utilities such as electricity, gas, and water, alongside telecommunications services and broader infrastructure operations. It seeks investment opportunities in companies regardless of their market capitalization. To measure its performance, the fund benchmarks its portfolio against the S&P 500 Utilities Index, the Lipper Utility Fund Average, and the S&P 500 Index. The Gabelli Utility Trust commenced operations on July 9, 1999, and is legally based in the United States.
Industry: Asset Management
The Gabelli Utility Trust
NYSE:GUTFinancial Services · Asset Management
-0.19%$5.25
AH Close$5.25+0.00%vs close
AH Close$5.25+0.00%vs close
Mkt Cap$472.65M
Float86.63M
O/S90.03M
Inst Own9.3%
SI2.8%
Div Yield11.43%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$18.2M
Net Income$47.91M
Total Assets$319.93M
Free Cash Flow$3.48M
Debt & Equity
Debt 0%
Equity 87%
Preferred 13%
Total Debt$5K
Total Equity$319.38M
Preferred Stock$47.32M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GUT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$319.93M
Liabilities$550K
Accounts Receivable$571K
Accounts Payable$36K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $18.2M | $9.57M | $4.08M | $14.83M | $16.52M | $6.22M | $59.26M | -$5.13M | $26.36M | $8.79M | $8.85M | $9.23M | $9.45M | $7.87M |
| YoY Growth | 90.1% | 134.4% | -72.5% | -10.2% | 165.6% | -89.5% | -1254.1% | -119.5% | 200.1% | -0.7% | -4.2% | -2.3% | 20.1% | - |
| Cost of Revenue | $3.78M | $3.52M | $3.53M | $3.87M | $4.21M | $3.33M | $4.05M | $3.5M | $3.95M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $14.42M | $6.06M | $558K | $10.96M | $12.31M | $2.89M | $55.2M | -$8.64M | $22.41M | $8.79M | $8.85M | $9.23M | $9.45M | $7.87M |
| Gross Margin | 79.2% | 63.3% | 13.7% | 73.9% | 74.5% | 46.5% | 93.2% | 168.2% | 85.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $744K | $1.12M | $4.28M | $4.59M | $3.69M | $773K | $870K | $777K | $4.02M | $3.18M | $4.03M | $3.75M | $2.83M |
| Other | -$33.49M | $117K | -$20K | -$3.5M | -$3.63M | $0 | -$81K | -$392K | $129K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$33.49M | $862K | $1.1M | $783K | $960K | $3.69M | $691K | $477K | $906K | $36.07M | $25.59M | $25.26M | $37.57M | $1.98M |
| Operating Income (EBIT) | $47.91M | $37.47M | -$10.93M | -$18.37M | $43.21M | -$13.97M | $58.57M | -$5.61M | $25.46M | $4.76M | $5.67M | $5.21M | $5.7M | $5.04M |
| Operating Margin | 263.3% | 391.4% | -267.6% | -123.8% | 261.5% | -224.5% | 98.8% | 109.3% | 96.6% | 54.2% | 64.1% | 56.4% | 60.3% | 64.1% |
| Interest Expense | $19K | $954K | $242K | $532 | $467 | $508 | $97 | $283 | $212 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $11.37M | $1.23M | $2.27M | $0 | $0 | $0 | $1.39M | $1.11M | $503K | $57 | $138 | $0 | $0 | $0 |
| Other Income (Expense) | -$3K | -$957K | -$226K | -$58K | -$48K | $13K | $0 | -$11.81M | $20.55M | $40.09M | -$22.41M | $29.29M | $41.32M | $4.8M |
| Income Before Tax (EBT) | $47.91M | $36.51M | -$11.16M | -$18.42M | $43.16M | -$13.96M | $58.57M | -$5.61M | $25.46M | $44.85M | -$16.74M | $34.5M | $47.02M | $9.85M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $4.91M | $0 | $0 | $0 | $0 | $4.8M |
| Net Income | $47.91M | $36.51M | -$11.16M | -$18.42M | $43.16M | -$13.96M | $58.57M | -$5.61M | $25.46M | $41.2M | -$18.73M | $32.51M | $45.02M | $7.87M |
| Net Income Margin | 263.3% | 381.4% | -273.1% | -124.2% | 261.2% | -224.3% | 98.8% | 109.3% | 96.6% | 468.9% | -211.6% | 352.0% | 476.3% | 99.9% |
| Supplementary Data | ||||||||||||||
| EPS | 0.51 | 0.50 | -0.18 | -0.29 | 0.64 | -0.32 | 0.91 | -0.10 | 0.53 | 0.95 | -0.44 | 0.77 | 1.08 | 0.19 |
| Diluted EPS | 0.51 | 0.50 | -0.18 | -0.29 | 0.64 | -0.32 | 0.91 | -0.10 | 0.53 | 0.95 | -0.44 | 0.77 | 1.08 | 0.19 |
| Weighted Average OS | 88.90M | 67.75M | 77.43M | 74.27M | 60.29M | 61.01M | 58.67M | 57.85M | 38.65M | 43.40M | 42.76M | 42.16M | 41.67M | 41.18M |
| EBITDA | $47.93M | $37.47M | -$10.93M | -$18.37M | $43.21M | -$13.97M | $58.64M | -$5.61M | $31.06M | $4.76M | $5.67M | $5.21M | $5.7M | $0 |
| EBITDA Margin | 263.4% | 391.4% | -267.6% | -123.8% | 261.5% | -224.5% | 99.0% | 109.3% | 117.8% | 54.2% | 64.1% | 56.4% | 60.3% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $1K | $34K | $5K | $2K | $179K | $13K | $2.14M | $2K | $899 | $3K | $19K | $61K | $723K |
| Short-Term Investments | $2.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.4M | $1K | $34K | $5K | $2K | $179K | $13K | $2.14M | $2K | $899 | $3K | $19K | $61K | $723K |
| Accounts Receivable | $571K | $594K | $987K | $1.27M | $792K | $826K | $16.92M | $2.78M | $650K | $2.25M | $3.01M | $2.62M | $12.41M | $372K |
| Inventory | $0 | $0 | $0 | $1.56M | $946K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$9K | -$603K | $0 | -$1.57M | -$948K | -$8K | -$16.94M | $37K | $51K | $57K | $0 | $0 | $70K | $12K |
| Total Current Assets | $2.97M | $1K | $1.03M | $1.27M | $792K | $1.01M | $16.94M | $4.93M | $666K | $2.31M | $3.02M | $2.65M | $12.55M | $1.11M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $316.74M | $320.8M | $290.27M | $342.03M | $379.41M | $327.7M | $371.78M | $345.77M | $336.6M | $336.39M | $262.91M | $303.28M | $290.34M | $271.64M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $223K | $321.6M | $61K | $343.76M | $380.38M | $0 | $0 | -$345.77M | -$336.6M | $2.05M | $7.64M | $8.34M | $6.87M | -$271.64M |
| Total Long-Term Assets | $316.96M | $320.8M | $290.33M | $342.03M | $379.41M | $327.7M | $371.78M | $345.77M | $336.6M | $338.44M | $270.55M | $311.63M | $297.21M | $271.64M |
| Other Assets | $0 | $817K | $0 | $475K | $180K | $174K | $24K | $25K | $114K | $0 | $0 | $0 | $0 | $5.51M |
| Total Assets | $319.93M | $321.61M | $291.36M | $343.77M | $380.38M | $328.88M | $388.74M | $350.72M | $337.38M | $340.75M | $273.57M | $314.28M | $309.75M | $278.25M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $36K | $36K | $184K | $740K | $623K | $691K | $12.21M | $1.59M | $67K | $1.69M | $2.38M | $2.06M | $8.27M | $32K |
| Short-Term Debt | $5K | $10 | $20.48M | $0 | $0 | $0 | $0 | $18K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.58M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$522K | -$543K | -$21.08M | $0 | $0 | $29K | $71K | -$2.17M | -$1.07M | $90K | $61K | $33K | $33K | $1.15M |
| Total Current Liabilities | $5K | $36K | $184K | $740K | $623K | $691K | $13.1M | $1.59M | $67K | $2.92M | $3M | $3.23M | $9.36M | $1.19M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $10 | $20.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $545K | $585K | $603K | $641K | $1.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $545K | $585K | $21.08M | $641K | $1.13M | $1.29M | $14.12M | $2.25M | $1.22M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $72.08M | $0 | $100.64M | $88.23M | $99.76M | $101.26M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $550K | $622K | $21.26M | $73.56M | $1.75M | $102.62M | $115.45M | $103.6M | $102.55M | $2.92M | $3M | $3.23M | $9.36M | $1.19M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $47.32M | $48.76M | $49.38M | $72.18M | $101.33M | $0 | $0 | $101.33M | $101.33M | $101.33M | $51.33M | $51.33M | $51.33M | $51.33M |
| Common Stock | $178.85M | $219.53M | $199.22M | $231.18M | $209.25M | $191.01M | $218.97M | $220.05M | $168.2M | $164.6M | $163.75M | $169.4M | $170.06M | $169.42M |
| Retained Earnings | $93.21M | $52.71M | $21.49M | $39.03M | $68.05M | $35.25M | $54.33M | $27.07M | -$104K | $71.9M | $55.43M | $90.31M | $78.99M | $56.31M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$101.33M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $47.32M | $48.76M | $49.38M | $72.18M | $101.33M | $0 | $0 | $0 | $66.73M | $101.33M | $51.33M | $51.33M | $51.33M | $51.33M |
| Total Equity | $319.38M | $320.99M | $270.1M | $342.39M | $378.63M | $226.26M | $273.29M | $247.12M | $234.83M | $337.83M | $270.51M | $311.04M | $300.39M | $277.07M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $319.93M | $321.61M | $291.36M | $415.96M | $380.38M | $328.88M | $388.74M | $350.72M | $337.38M | $340.75M | $273.51M | $314.27M | $309.75M | $278.25M |
| Supplementary Data | ||||||||||||||
| Total Debt | $5K | $10 | $20.48M | $0 | $0 | $0 | $0 | $18K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $5K | -$1K | $20.44M | -$5K | -$153 | -$179K | -$13K | -$2.13M | -$2K | -$899 | -$3K | -$19K | -$61K | -$723K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $47.91M | $33.87M | -$11.16M | -$18.42M | $43.16M | -$13.96M | $58.57M | -$5.61M | $25.46M | $44.85M | -$16.74M | $34.5M | $47.02M | $9.85M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $23K | $393K | $281K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$48K | $52K | $425K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$48K | -$368K | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$72K | $76K | $733K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$44.36M | -$30.52M | $48.72M | $18.42M | -$43.16M | $13.96M | -$58.57M | $5.61M | -$25.46M | -$44.85M | $16.74M | -$34.5M | -$47.02M | -$9.85M |
| Net Cash from Operating | $3.48M | $3.43M | $38.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$10.18M | -$10M | -$4.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $29.36M | $17.7M | $13.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $19.18M | $7.69M | $9.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $20.48M | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $57.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$78K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$39.84M | -$37.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $25K | -$460K | $314K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$46.92M | -$3.46M | -$38.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $24.27M | -$5.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1K | -$33K | $29K | -$149K | -$26K | $167K | -$2.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $3.48M | $3.43M | $38.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $4 | -$2.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $3.48M | $3.43M | $38.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $1K | $34K | $5K | $154K | $180K | $13K | $2.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $1K | $34K | $5K | $154K | $180K | $13K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |