BlackRock Energy & Resources Trust (BGR)
The BlackRock Energy and Resources Trust is a closed-end equity mutual fund established by BlackRock, Inc. Its operations are jointly managed by BlackRock Advisors, LLC and BlackRock International Limited. This fund allocates capital to public equity markets worldwide, with a strong focus on opportunities within the United States. It specifically targets companies operating within the energy and natural resources sectors, investing in businesses regardless of their market capitalization. Additionally, the trust utilizes equity derivatives as part of its strategy, notably engaging in option writing. Originally named the BlackRock Global Energy and Resources Trust, this U.S.-domiciled fund commenced operations on December 23, 2004.
Industry: Asset Management
BlackRock Energy and Resources Trust
NYSE:BGRFinancial Services · Asset Management
+2.09%$18.52
AH Close$18.52+0.00%vs close
AH Close$18.52+0.00%vs close
Mkt Cap$471.45M
Float25.45M
O/S25.46M
Inst Own24.0%
SI0.3%
Div Yield6.30%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$43.98M
Net Income$40.4M
Total Assets$362.45M
Free Cash Flow$11.9M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$361.08M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BGR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$362.45M
Liabilities$1.36M
Accounts Receivable$754K
Accounts Payable$0
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 | 2013-10-31 | 2012-10-31 |
| Revenue | $43.98M | $13.35M | $14.59M | $114.04M | $89.15M | -$111.93M | $46.25M | -$85.2M | $12.39M | -$46.79M | -$89.72M | $21.25M | $13.89M | $13.52M |
| YoY Growth | 229.5% | -8.5% | -87.2% | 27.9% | -179.6% | -342.0% | -154.3% | -787.8% | -126.5% | -47.8% | -522.2% | 53.0% | 2.7% | - |
| Cost of Revenue | $3.95M | $0 | $2K | $3.81M | $3.08M | $2.66M | $4.17M | $4.86M | $5.07M | $5.28M | $6.68M | $0 | $0 | $0 |
| Gross Profit | $40.02M | $13.35M | $18.56M | $110.23M | $86.07M | -$114.59M | $42.08M | -$90.06M | $7.32M | -$52.07M | -$96.4M | $21.25M | $13.89M | $13.52M |
| Gross Margin | 91.0% | 100.0% | 127.2% | 96.7% | 96.5% | 102.4% | 91.0% | 105.7% | 59.1% | 111.3% | 107.4% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | -$12 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $568K | $4.44M | $4.18M | $168K | $298K | $359K | $480K | $334K | $379K | $5.46M | $6.89M | $8.68M | $10.41M | $9.57M |
| Other | -$999K | $0 | -$4.02M | $83K | $115K | $2.5M | $490K | $365K | $236K | $0 | -$70.67M | $0 | $0 | $0 |
| Total Operating Expenses | -$431K | $4.44M | $156K | $250K | $413K | $2.86M | $970K | $699K | $615K | $84.35M | $70.67M | $8.68M | $158.51M | $31.77M |
| Operating Income (EBIT) | $40.45M | $8.9M | $18.41M | $113.79M | $88.73M | -$112.67M | $45.28M | -$85.9M | $11.77M | $98.07M | -$167.06M | $12.58M | $3.49M | $3.95M |
| Operating Margin | 92.0% | 66.7% | 126.2% | 99.8% | 99.5% | 100.7% | 97.9% | 100.8% | 95.0% | -209.6% | 186.2% | 59.2% | 25.1% | 29.2% |
| Interest Expense | $1K | $680 | $2K | $0 | $0 | $10K | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $13.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$57K | $5.24M | $8M | -$14K | -$55K | -$67K | $0 | $0 | $0 | -$286K | -$190K | -$429.79M | $168.91M | -$22.19M |
| Income Before Tax (EBT) | $40.4M | $14.14M | $18.41M | $113.79M | $88.73M | -$112.67M | $45.28M | -$85.9M | $11.77M | $97.79M | -$167.25M | -$417.21M | $172.4M | -$18.25M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | -$286K | $0 | $0 | $0 | $0 |
| Net Income | $40.4M | $14.14M | $18.41M | $113.79M | $88.73M | -$112.67M | $45.28M | -$85.9M | $11.77M | $97.79M | -$167.25M | -$417.21M | $172.4M | -$18.25M |
| Net Income Margin | 91.9% | 106.0% | 126.2% | 99.8% | 99.5% | 100.7% | 97.9% | 100.8% | 95.0% | -209.0% | 186.4% | -1963.1% | 1240.9% | -134.9% |
| Supplementary Data | ||||||||||||||
| EPS | 1.59 | 0.54 | 0.69 | 4.02 | 3.05 | -3.87 | 1.52 | -2.88 | 0.39 | 3.28 | -5.61 | -0.97 | 5.79 | -0.61 |
| Diluted EPS | 1.59 | 0.54 | 0.69 | 4.02 | 3.05 | -3.87 | 1.52 | -2.88 | 0.39 | 3.28 | -5.61 | -0.97 | 5.79 | -0.61 |
| Weighted Average OS | 25.46M | 26.11M | 26.68M | 28.31M | 29.11M | 29.11M | 29.83M | 29.83M | 29.83M | 29.83M | 29.83M | 29.77M | 29.77M | 29.77M |
| EBITDA | $40.4M | $8.9M | $10.41M | $113.8M | $88.79M | -$112.6M | $45.3M | -$85.83M | $11.72M | $98.07M | -$167.06M | $12.58M | $3.49M | $0 |
| EBITDA Margin | 91.9% | 66.7% | 71.3% | 99.8% | 99.6% | 100.6% | 97.9% | 100.7% | 94.6% | -209.6% | 186.2% | 59.2% | 25.1% | - |
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 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $74K | $229K | $164K | $58K | $33K | $59K | $0 | $6K | $14K | $21K | $49K | $73K | $111K | $2K |
| Short-Term Investments | $5.57M | $0 | $0 | $0 | $2.73M | $3.42M | $12.75M | $5.01M | $3.87M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.65M | $229K | $164K | $58K | $71K | $3.48M | $12.75M | $5.01M | $3.88M | $21K | $49K | $73K | $111K | $2K |
| Accounts Receivable | $754K | $357K | $1.11M | $744K | $731K | $311K | $306K | $626K | $392K | $504K | $589K | $203K | $44.74M | $1.79M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $108K | -$58K | $44K | -$3.48M | -$12.75M | $0 | $0 | $25K | $945K | $23K | $0 | $0 |
| Total Current Assets | $6.4M | $586K | $1.38M | $744K | $846K | $311K | $306K | $626K | $392K | $550K | $1.58M | $299K | $44.85M | $1.79M |
| 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 | $356.05M | $361.64M | $389.16M | $401.55M | $315.78M | $243.19M | $379.54M | $358.89M | $479.68M | $494.06M | $419.65M | $635.66M | $904.15M | $792.29M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | -$229K | $0 | $0 | $0 | $0 | $0 | -$358.89M | -$479.68M | $11K | $900K | $18K | $18K | -$792.29M |
| Total Long-Term Assets | $356.05M | $361.41M | $389.16M | $401.55M | $315.78M | $243.19M | $379.54M | $358.89M | $479.68M | $494.07M | $420.55M | $635.68M | $904.17M | $792.29M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $7K | $3K | $0 | $14K | $0 | $0 | $0 | $0 | $32K |
| Total Assets | $362.45M | $361.99M | $390.54M | $402.29M | $316.63M | $243.5M | $379.85M | $359.52M | $480.08M | $494.62M | $422.13M | $635.98M | $949.02M | $794.12M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $92K | $58K | $1.25M | $137K | $169K | $165K | $71K | $0 | $0 | $44.93M | $840K |
| Short-Term Debt | $0 | $0 | $0 | $83K | $0 | $0 | $28K | $23K | $12K | $0 | $945K | $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 | $109K | $146K | $153K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $1.65M | $904K | -$83K | $949K | -$1.07M | -$1.28M | -$973K | -$1.1M | $6.38M | $1.23M | $5.2M | $6.02M | $20.82M |
| Total Current Liabilities | $1.35M | $2.42M | $2.56M | $92K | $58K | $1.25M | $137K | $169K | $165K | $7.56M | $3.15M | $6.37M | $52.38M | $21.66M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $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 | $1.36M | $0 | $0 | $260K | $3.07M | $330K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.36M | $1.65M | $2.56M | $260K | $3.07M | $330K | $28K | $23K | $12K | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | -$2.56M | $3.61M | $3.01M | -$1.25M | $4.79M | $1.93M | $8.85M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.36M | $2.42M | $2.56M | $3.8M | $3.13M | $5.64M | $4.95M | $2.13M | $9.02M | $7.56M | $3.15M | $6.37M | $52.38M | $21.66M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $443.98M | $473.8M | $507.48M | $525.44M | $542.35M | $547.19M | $562.21M | $579.91M | $599.55M | $615.23M | $636.95M | $671.74M | $671.74M | $671.74M |
| Retained Earnings | -$82.89M | -$114.23M | -$119.5M | -$126.95M | -$228.85M | -$309.32M | -$187.32M | -$222.52M | -$729K | -$128.16M | -$217.96M | -$42.14M | $224.89M | $100.71M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$127.75M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$127.75M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $361.08M | $359.57M | $387.98M | $398.49M | $313.5M | $237.87M | $374.9M | $357.39M | $471.06M | $487.06M | $418.98M | $629.6M | $896.63M | $772.46M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $362.45M | $361.99M | $390.54M | $402.29M | $316.63M | $243.5M | $379.85M | $359.52M | $480.08M | $494.62M | $422.13M | $635.98M | $949.02M | $794.12M |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $0 | $0 | $83K | $0 | $0 | $28K | $23K | $12K | $0 | $945K | $0 | $0 | $0 |
| Net Debt | -$74K | -$229K | -$164K | $25K | -$33K | -$59K | $28K | $17K | -$2K | -$21K | $895K | -$73K | -$111K | -$2K |
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 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $40.4M | $14.14M | $18.41M | $113.79M | $88.73M | -$112.67M | $45.28M | -$85.9M | $11.77M | $97.79M | -$167.25M | -$417.21M | $172.4M | -$18.25M |
| 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 | -$397K | $266K | $122K | -$146K | -$340K | $47K | $319K | -$234K | $39K | $159K | -$386K | $2.01M | $394K | -$561K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $51K | -$69K | -$13K | -$109K | $123K | -$402K | $363K | -$144K | $5K | $88K | -$212K | $0 | $0 | $0 |
| Other Working Capital | $387K | -$37K | -$47K | $4K | $83K | $77K | -$11K | $13K | -$88K | -$897K | $964K | -$793K | -$13.49M | $0 |
| Total Working Capital Change | $41K | $229K | $61K | -$251K | -$257K | -$277K | $671K | -$365K | -$45K | -$650K | $366K | $1.22M | -$13.1M | -$561K |
| Other Non-Cash Items | -$28.54M | $28.25M | $10.99M | -$85.13M | -$75.03M | $137.14M | -$18.16M | $114.01M | $16.06M | -$92.96M | $186.42M | $652.12M | -$110.97M | $70.88M |
| Net Cash from Operating | $11.9M | $42.62M | $29.46M | $28.41M | $13.45M | $24.19M | $27.79M | $27.75M | $27.78M | $4.43M | $18.94M | $236.12M | $48.33M | $52.63M |
| 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 | -$206.31M | -$163.75M | -$147.27M | -$325.31M | -$172.91M | -$151.8M | -$89.65M | -$145.17M | -$108.1M | -$144.75M | -$301.13M | $0 | $0 | $0 |
| Sales of Investments | $230.99M | $203.26M | $155.26M | $285.31M | $190.37M | $160.18M | $111.95M | $171.6M | $120.47M | $167.7M | $299.75M | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$39.51M | $0 | $80M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $24.68M | $39.51M | $7.99M | $40M | $17.46M | $8.38M | $22.29M | $26.43M | $12.36M | $22.95M | -$1.39M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | $83K | -$83K | - | - | -$5K | -$11K | -$12K | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$9.03M | -$19.78M | -$7.67M | -$12.04M | -$330K | -$4.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$29.71M | -$22.77M | -$21.6M | -$16.47M | -$13.1M | -$19.62M | -$27.81M | -$27.77M | -$27.8M | -$29.81M | -$46.7M | -$25.08M | -$48.22M | -$52.63M |
| Other Financing Activities | $0 | -$181K | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $0 | $0 | $0 | $0 | -$3K |
| Net Cash from Financing | -$38.75M | -$42.55M | -$29.35M | -$28.42M | -$13.43M | -$24.13M | -$27.8M | -$27.76M | -$27.79M | -$29.81M | -$46.7M | -$236.84M | -$48.22M | -$52.63M |
| Forex Effect | $2.01M | $450 | -$810 | -$280 | $238 | $51 | $17 | -$18 | $29 | -$416 | $512 | -$408 | -$23 | $0 |
| Net Change in Cash | -$154K | $65K | $105K | -$12K | $12K | $8.44M | $22.29M | -$7K | -$7K | -$28K | -$143K | $82K | $109K | $242 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $11.9M | $42.62M | $29.46M | $28.41M | $13.45M | $24.19M | $27.79M | $27.75M | $27.78M | $4.43M | $18.94M | $236.12M | $48.33M | $52.63M |
| Capital Expenditure | -$5 | $3 | $5 | $0 | -$3 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $11.9M | $42.62M | $29.46M | $28.41M | $13.45M | $24.19M | $27.79M | $27.75M | $27.78M | $4.43M | $18.94M | $236.12M | $48.33M | $52.63M |
| Cash at Beginning | $229K | $164K | $58K | $71K | $59K | -$8.38M | $6K | $14K | $21K | $49K | $193K | $111K | $2K | $2K |
| Cash at End | $74K | $229K | $164K | $58K | $71K | $59K | $22.29M | $6K | $14K | $21K | $49K | $193K | $111K | $2K |