Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BlackRock Energy & Resources Trust's retained earnings for the quarter that ended in Dec. 2025 was $-82.89 Mil.
BlackRock Energy & Resources Trust's quarterly retained earnings
increased
from Dec. 2024 ($-114.23 Mil) to Jun. 2025 ($-111.95 Mil) and
increased
from Jun. 2025 ($-111.95 Mil) to Dec. 2025 ($-82.89 Mil).
BlackRock Energy & Resources Trust's annual retained earnings
increased
from Dec. 2023 ($-119.50 Mil) to Dec. 2024 ($-114.23 Mil) and
increased
from Dec. 2024 ($-114.23 Mil) to Dec. 2025 ($-82.89 Mil).
BlackRock Energy & Resources Trust (NYSE:BGR) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
BlackRock Energy & Resources Trust Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock Energy & Resources Trust Retained Earnings Chart
BlackRock Energy & Resources Trust Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-82.89 Mil mean?
BlackRock Energy & Resources Trust (BGR) has a Retained Earnings of $-82.89 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on BlackRock Energy & Resources Trust and its competitors.
Is BlackRock Energy & Resources Trust's Retained Earnings too high?
BlackRock Energy & Resources Trust's current Retained Earnings is $-82.89 Mil. Overall, BlackRock Energy & Resources Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock Energy & Resources Trust's Retained Earnings compare to FINS and DFP?
BlackRock Energy & Resources Trust's Retained Earnings of $-82.89 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on BlackRock Energy & Resources Trust and its competitors. BlackRock Energy & Resources Trust's current Retained Earnings is $-82.89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Energy & Resources Trust stock overvalued right now?
Based on GuruFocus' analysis, BlackRock Energy & Resources Trust (BGR) is currently considered Significantly Undervalued. The stock's GF Value™ is $25.14, compared to a current price of $17.45 — trading 30.6% below its estimated fair value. The current Retained Earnings is $-82.89 Mil. BlackRock Energy & Resources Trust's overall GF Score™ is 43/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For BlackRock Energy & Resources Trust (BGR), the current Retained Earnings is $-82.89 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BlackRock Energy & Resources Trust (BGR) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock Energy & Resources Trust stock appears to be undervalued.
The current stock price of $17.45 is trading 30.6% below its estimated GF Value™ of $25.14.
GuruFocus considers BlackRock Energy & Resources Trust to be Significantly Undervalued.
Key valuation signals for BGR:
Retained Earnings: $-82.89 Mil
GF Value™: $25.14 vs. price of $17.45 (30.6% below fair value)
No single metric tells the full story. See the BGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock Energy & Resources Trust is a closed-end equity fund providing total return through a combination of current income, gains, and capital appreciation by investing in equity securities and derivatives of energy and natural resources companies. The fund invests in various sectors such as information technology, financials, healthcare, consumer discretionary, industrial, energy, materials, utilities, and others.
43GF Score
Get the complete analysis for BGR
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BGR has been successfully added to your 
