BlackRock Resources & Commodities Strategy Trust (BCX)
The Blackrock Resources & Commodities Strategy Trust functions as a closed-end equity mutual fund, initially established by BlackRock, Inc. Its ongoing management is a joint effort between BlackRock Advisors, LLC and BlackRock International Limited. The fund primarily focuses its investments on publicly traded U.S. companies within the commodities and natural resources sectors. In addition to direct stock investments, it also utilizes derivatives, with a notable emphasis on writing options, to gain exposure to businesses in these same industries. This trust was formally constituted on March 30, 2011, and is legally domiciled in the United States.
Industry: Asset Management
Blackrock Resources & Commodities Strategy Trust
NYSE:BCXFinancial Services · Asset Management
+0.00%$11.86
AH Close$11.86+0.00%vs close
AH Close$11.86+0.00%vs close
Mkt Cap$904.18M
Float76.24M
O/S76.24M
Inst Own30.6%
SI<0.1%
Div Yield7.05%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$88.21M
Net Income$214.79M
Total Assets$885.67M
Free Cash Flow$18.68M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$29K
Total Equity$880.02M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BCX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$885.67M
Liabilities$5.65M
Accounts Receivable$621K
Accounts Payable$3.8M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $88.21M | $50.12M | $68.16M | $140.21M | $199.77M | -$9.33M | $111.77M | -$149.89M | $133.97M | -$72.11M | -$66.14M | -$1.99M | -$47.51M |
| YoY Growth | 76.0% | -26.5% | -51.4% | -29.8% | -2240.8% | -108.3% | -174.6% | -211.9% | -285.8% | 9.0% | 3223.4% | -95.8% | - |
| Cost of Revenue | $8.86M | $9.25M | $9.63M | $9.87M | $8.88M | $7.13M | $8.71M | $9.92M | $9.99M | $9.36M | $10.5M | $1.56M | $8.24M |
| Gross Profit | $79.35M | $40.87M | $58.53M | $140.21M | $190.89M | -$16.46M | $103.07M | -$159.81M | $123.98M | -$81.47M | -$76.64M | -$3.55M | -$55.75M |
| Gross Margin | 90.0% | 81.5% | 85.9% | 100.0% | 95.6% | 176.4% | 92.2% | 106.6% | 92.5% | 113.0% | 115.9% | 178.4% | 117.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $11 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $458K | $457K | $378K | $483K | $540K | $798K | $668K | $663K | $97K | $60K | $20K | $30K |
| Other | -$135.27M | $1.56M | $1.82M | $2.32M | $1.73M | -$9.87M | $1.99M | $2.26M | $1.58M | $288.6M | -$172.86M | -$149K | -$1.29M |
| Total Operating Expenses | -$135.27M | $2.01M | $2.28M | $2.7M | $2.21M | -$9.33M | $2.79M | $2.92M | $2.24M | -$288.6M | $172.86M | -$128K | -$1.26M |
| Operating Income (EBIT) | $214.62M | -$27.05M | -$8.68M | $137.51M | $197.56M | -$11.39M | $108.99M | -$2.92M | -$2.24M | $207.13M | -$249.5M | -$3.42M | -$54.49M |
| Operating Margin | 243.3% | -54.0% | -12.7% | 98.1% | 98.9% | 122.0% | 97.5% | 2.0% | -1.7% | -287.2% | 377.2% | 171.9% | 114.7% |
| Interest Expense | $6K | $2K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $290.43M | $0 | -$38.78M | $21.12M |
| Interest Income | $27.02M | $0 | $0 | $33K | $173K | $884K | $1.27M | $1.32M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $165K | $193K | $46K | -$239K | -$263K | -$3K | $0 | $9.92M | $73.31M | -$112K | $201K | -$38.78M | $21.12M |
| Income Before Tax (EBT) | $214.79M | -$26.86M | -$8.64M | $137.51M | $197.56M | -$11.39M | $108.99M | -$152.81M | $131.73M | $207.02M | -$249.3M | -$42.2M | -$33.37M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $149.89M | -$133.97M | $0 | $0 | $77.55M | -$42.24M |
| Net Income | $214.79M | -$26.86M | -$8.64M | $137.51M | $197.56M | -$11.39M | $108.99M | -$152.81M | $131.73M | $207.02M | -$249.3M | -$119.75M | $8.87M |
| Net Income Margin | 243.5% | -53.6% | -12.7% | 98.1% | 98.9% | 122.1% | 97.5% | 102.0% | 98.3% | -287.1% | 376.9% | 6017.2% | -18.7% |
| Supplementary Data | |||||||||||||
| EPS | 2.80 | -0.33 | -0.10 | 1.57 | 2.24 | -0.13 | 1.20 | -1.62 | 1.39 | 2.09 | -2.52 | -1.21 | 0.09 |
| Diluted EPS | 2.80 | -0.33 | -0.10 | 1.57 | 2.24 | -0.13 | 1.20 | -1.58 | 1.39 | 2.09 | -2.52 | -1.21 | 0.09 |
| Weighted Average OS | 76.71M | 80.20M | 84.36M | 87.52M | 88.32M | 88.32M | 91.06M | 94.55M | 94.77M | 99.06M | 99.06M | 99.06M | 99.06M |
| EBITDA | $214.79M | -$27.05M | -$8.68M | $137.75M | $197.56M | -$11.39M | $108.99M | $0 | $131.73M | $207.13M | -$249.5M | -$80.97M | -$12.25M |
| EBITDA Margin | 243.5% | -54.0% | -12.7% | 98.2% | 98.9% | 122.0% | 97.5% | - | 98.3% | -287.2% | 377.2% | 4068.8% | 25.8% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $17K | $71K | $11K | $39K | $88K | $135K | $87K | $44K | $95K | $586K | -$6.21M | $67K | $200K |
| Short-Term Investments | $35.56M | $30.77M | $20.31M | $19.4M | $16.65M | $0 | $13.89M | $0 | $0 | $16.54M | $6.21M | $0 | $0 |
| Cash and Short-Term Investments | $35.58M | $30.84M | $20.32M | $19.44M | $88K | $135K | $13.98M | $44K | $95K | $17.13M | $6.21M | $67K | $200K |
| Accounts Receivable | $621K | $1.2M | $1.67M | $6.76M | $3.2M | $5M | $1.23M | $1.73M | $1.96M | $2.39M | $1.57M | $2.24M | $1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $5.51M | $0 | $15.86M | $18.62M | $0 | $0 | $0 | $0 |
| Other Current Assets | $2.75M | -$1.2M | -$20.31M | -$19.44M | -$88K | -$5.51M | -$13.98M | -$15.91M | -$18.71M | -$19.52M | -$7.78M | $0 | $0 |
| Total Current Assets | $38.96M | $30.84M | $1.68M | $6.76M | $3.2M | $5.13M | $1.23M | $1.73M | $1.96M | $2.58M | $1.15M | $2.31M | $1.2M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $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 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $846.71M | $773.33M | $886.72M | $985.42M | $918.9M | $759.79M | $831.27M | $803.07M | $1.04B | $973.9M | $826.62M | $1.17B | $651.8M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $20.31M | $6.79M | $0 | $0 | $0 | $1.78M | $2.09M | $16.71M | $6.21M | -$1.17B | -$651.8M |
| Total Long-Term Assets | $846.71M | $773.33M | $907.03M | $992.21M | $918.9M | $759.79M | $831.27M | $804.85M | $1.05B | $990.6M | $832.83M | $1.17B | $651.8M |
| Other Assets | $0 | -$29.57M | $0 | -$6.76M | $0 | $0 | -$1.23M | -$1.73M | -$1.96M | $256K | $464K | $168K | $0 |
| Total Assets | $885.67M | $774.59M | $908.71M | $992.21M | $922.37M | $764.93M | $832.51M | $804.85M | $1.05B | $993.44M | $834.44M | $1.17B | $653M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $3.8M | $0 | $0 | $174K | $9.6M | $276K | $168K | $202K | $207K | $0 | $0 | $0 | $0 |
| Short-Term Debt | $29K | $0 | $6.15M | $118K | $186K | $0 | $0 | $0 | $0 | $49K | $248K | $0 | $17.1M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $9.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$5.56M | -$1.07M | -$1.17M | -$2.13M | -$10.87M | -$1.49M | -$1.67M | -$2.21M | -$2.12M | $12.56M | $7.12M | $9.9M | $0 |
| Total Current Liabilities | $29K | $1.07M | $6.15M | $174K | $9.6M | $276K | $168K | $202K | $207K | $12.61M | $7.36M | $9.9M | $17.1M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $152K | $0 | $118K | $186K | $0 | $0 | $0 | $0 | $3.93M | $36K | $2.37M | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $5.62M | $5.88M | $0 | $8.74M | $10.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.6M |
| Total Long-Term Liabilities | $5.62M | $6.03M | $11.22M | $8.86M | $10.99M | $18.31M | $9.76M | $6.57M | $19.01M | $3.93M | $36K | $2.37M | $21.6M |
| Other Liabilities | $0 | $0 | $0 | -$174K | -$9.6M | -$276K | -$168K | -$202K | -$207K | $0 | $0 | $0 | -$16.3M |
| Total Liabilities | $5.65M | $6.03M | $17.37M | $9.03M | $20.58M | $18.31M | $9.76M | $6.57M | $19.01M | $16.54M | $7.4M | $12.27M | $22.4M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $860.78M | $942.1M | $1.02B | $1.08B | $1.11B | $1.11B | $1.16B | $1.22B | $1.28B | $1.34B | $1.39B | $1.44B | $765.8M |
| Retained Earnings | $19.23M | -$173.53M | -$125.92M | -$92.92M | -$204.41M | -$368.36M | -$336.66M | -$424.34M | -$3.67M | -$364.33M | -$559.25M | -$309.75M | -$136.8M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$424.34M | $0 | $138.15M | -$150.75M | -$1.2M | $1.6M |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$250.14M | $0 | $0 | $21.79M | $1.6M |
| Total Equity | $880.02M | $768.57M | $891.34M | $983.18M | $901.78M | $746.62M | $822.75M | $798.28M | $1.03B | $976.9M | $827.04M | $1.16B | $630.6M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $885.67M | $774.59M | $908.71M | $992.21M | $922.37M | $764.93M | $832.51M | $804.85M | $1.05B | $993.44M | $834.44M | $1.17B | $653M |
| Supplementary Data | |||||||||||||
| Total Debt | $29K | $152K | $6.15M | $118K | $186K | $0 | $0 | $274K | $0 | $49K | $248K | $2.37M | $17.1M |
| Net Debt | $12K | $1.93M | $6.14M | $78K | $98K | -$135K | -$87K | $230K | -$95K | -$538K | $6.45M | $2.31M | $16.9M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||
| Net Income | $214.79M | -$26.86M | -$8.64M | $137.51M | $197.56M | -$11.39M | $108.99M | -$152.81M | $131.73M | $207.02M | -$249.3M | -$42.2M | -$33.37M |
| Depreciation & Amortization | $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 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$2.18M | $328K | $156K | $20K | -$847K | $380K | $502K | $225K | $46K | -$859K | $1.11M | -$1.34M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $449K | -$87K | -$108K | $26K | $104K | -$726K | $685K | -$216K | $35K | $159K | -$301K | $0 | $0 |
| Other Working Capital | $294K | -$5K | -$126K | $448 | $52K | -$80K | -$67K | -$242K | -$3.56M | $3.9M | -$2.73M | $10.28M | $0 |
| Total Working Capital Change | -$1.44M | $236K | -$77K | $46K | -$691K | -$426K | $1.12M | -$232K | -$3.48M | $3.2M | -$1.92M | $8.93M | $10.58M |
| Other Non-Cash Items | -$194.67M | $47.68M | $51.23M | -$145.97M | -$202.43M | $4.76M | -$24.88M | $229.44M | -$48.04M | -$225.06M | $291.87M | $44.53M | $76.31M |
| Net Cash from Operating | $18.68M | $21.05M | $42.52M | -$8.42M | -$5.56M | -$7.06M | $85.22M | $76.4M | $80.21M | -$15.55M | $41.46M | $11.27M | $53.52M |
| Investing Activities | |||||||||||||
| Capital Expenditures | $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 |
| Purchases of Investments | -$765.14M | -$660.63M | -$454.06M | -$947.66M | -$535.77M | -$527.03M | -$571.43M | -$627.9M | -$704.35M | -$900.99M | -$742.59M | $0 | $0 |
| Sales of Investments | $856.31M | $571.11M | $417.69M | $881.35M | $600.58M | $584.87M | $635.59M | $682.14M | $775.07M | $984.68M | $755.4M | $0 | $0 |
| Other Investing Activities | $0 | $179.05M | $72.75M | $132.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $91.17M | $89.52M | $36.38M | $66.31M | $64.81M | $57.84M | $64.16M | $54.24M | $70.72M | $83.69M | $12.8M | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | -$152K | $118K | $68K | -$186K | - | - | - | $49K | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$38.61M | -$42.58M | -$30.52M | -$6.85M | -$542K | -$16.72M | -$27.84M | -$16.94M | -$21.13M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$64.5M | -$53.33M | -$53.56M | -$48.51M | -$42.39M | -$47.52M | -$57.54M | -$59.32M | -$59.52M | -$57.02M | -$80.27M | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$199K | $248K | -$11.26M | -$54.05M |
| Net Cash from Financing | -$105.1M | -$95.76M | -$78.05M | -$55.43M | -$42.75M | -$64.24M | -$85.38M | -$76.26M | -$80.69M | -$57.22M | -$80.02M | -$11.26M | -$54.05M |
| Forex Effect | -$4.8M | -$10.46M | -$872K | -$2.51M | -$16.63M | $13.6M | $319 | $39 | $3K | $300 | $870 | $40K | $0 |
| Net Change in Cash | -$54K | $60K | -$28K | -$48K | -$136K | $137K | -$158K | $139K | -$480K | $10.92M | -$108K | $47K | -$530K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $18.68M | $95.82M | $42.52M | $55.14M | $42.89M | $64.38M | $85.22M | $76.4M | $80.21M | -$15.55M | $41.46M | $11.27M | $53.52M |
| Capital Expenditure | $0 | $0 | -$4 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $18.68M | $95.82M | $42.52M | $55.14M | $42.89M | $64.38M | $85.22M | $76.4M | $80.21M | -$15.55M | $41.46M | $11.27M | $53.52M |
| Cash at Beginning | $71K | $11K | $39K | $358K | $224K | $87K | $245K | $106K | $586K | -$10.33M | $67K | $100K | $10K |
| Cash at End | $17K | $71K | $11K | $69K | $358K | $224K | $87K | $245K | $106K | $586K | -$41K | $147K | -$520K |