diff --git a/src/dotenv/__init__.py b/src/dotenv/__init__.py
index dde24a01..8595386e 100644
--- a/src/dotenv/__init__.py
+++ b/src/dotenv/__init__.py
@@ -1,6 +1,14 @@
 from typing import Any, Optional
 
-from .main import dotenv_values, find_dotenv, get_key, load_dotenv, set_key, unset_key
+from .main import (
+    dotenv_values,
+    find_dotenv,
+    generate_template,
+    get_key,
+    load_dotenv,
+    set_key,
+    unset_key,
+)
 
 
 def load_ipython_extension(ipython: Any) -> None:
@@ -43,6 +51,7 @@ def get_cli_string(
     "get_cli_string",
     "load_dotenv",
     "dotenv_values",
+    "generate_template",
     "get_key",
     "set_key",
     "unset_key",
diff --git a/src/dotenv/cli.py b/src/dotenv/cli.py
index 79613e28..bc697d92 100644
--- a/src/dotenv/cli.py
+++ b/src/dotenv/cli.py
@@ -17,7 +17,7 @@
     )
     sys.exit(1)
 
-from .main import dotenv_values, set_key, unset_key
+from .main import dotenv_values, generate_template, set_key, unset_key
 from .version import __version__
 
 
@@ -201,6 +201,37 @@ def run(ctx: click.Context, override: bool, commandline: tuple[str, ...]) -> Non
     run_command([*commandline, *ctx.args], dotenv_as_dict)
 
 
+@cli.command()
+@click.pass_context
+@click.argument("output", default=None, required=False, type=click.Path())
+@click.option(
+    "--keep-directives",
+    is_flag=True,
+    default=False,
+    help="Keep ::dotenv-template-preserve and ::dotenv-template-exclude directives in output.",
+)
+def template(ctx: click.Context, output: Any, keep_directives: bool) -> None:
+    """Generate a template from the .env file.
+
+    Values are replaced with their key names. Use ::dotenv-template-preserve
+    in a line to keep its value, or ::dotenv-template-exclude to omit it.
+
+    If OUTPUT is given, the template is written to that file. Otherwise it is
+    printed to stdout.
+    """
+    file = ctx.obj["FILE"]
+
+    with stream_file(file) as stream:
+        result = generate_template(stream=stream, keep_directives=keep_directives)
+
+    if output:
+        with open(output, "w") as f:
+            f.write(result)
+        click.echo(f"Template written to {output}")
+    else:
+        click.echo(result, nl=False)
+
+
 def run_command(command: List[str], env: Dict[str, str]) -> None:
     """Replace the current process with the specified command.
 
diff --git a/src/dotenv/main.py b/src/dotenv/main.py
index 491634d9..dc3a312e 100644
--- a/src/dotenv/main.py
+++ b/src/dotenv/main.py
@@ -2,6 +2,7 @@
 import logging
 import os
 import pathlib
+import re
 import stat
 import sys
 import tempfile
@@ -480,3 +481,93 @@ def _is_file_or_fifo(path: StrPath) -> bool:
         return False
 
     return stat.S_ISFIFO(st.st_mode)
+
+
+_DIRECTIVE_PRESERVE = "::dotenv-template-preserve"
+_DIRECTIVE_EXCLUDE = "::dotenv-template-exclude"
+
+# Matches `= <optional whitespace> <value>` where value is single-quoted,
+# double-quoted, or unquoted (everything up to a comment or end of line).
+_VALUE_RE = re.compile(
+    r"(=[ \t]*)"
+    r"(?:'(?:\\'|[^'])*'|\"(?:\\\"|[^\"])*\"|[^\s#\r\n]*)"
+)
+
+# Matches a directive token and any surrounding horizontal whitespace.
+_DIRECTIVE_RE = re.compile(
+    r"[ \t]*(?:::dotenv-template-preserve|::dotenv-template-exclude)[ \t]*"
+)
+
+
+def _strip_directives(line: str) -> str:
+    """Remove directive tokens from a line and clean up artifacts."""
+    result = _DIRECTIVE_RE.sub("", line)
+    # Preserve the original line ending
+    stripped = result.rstrip("\r\n")
+    ending = result[len(stripped) :]
+    # Remove a bare comment marker left after stripping
+    cleaned = re.sub(r"[ \t]*#[ \t]*$", "", stripped)
+    return cleaned.rstrip() + ending
+
+
+def generate_template(
+    dotenv_path: Optional[StrPath] = None,
+    stream: Optional[IO[str]] = None,
+    encoding: Optional[str] = "utf-8",
+    keep_directives: bool = False,
+) -> str:
+    """
+    Generate a template from a .env file.
+
+    For each key-value binding, the value is replaced with the key name, unless
+    an inline directive overrides this behavior:
+
+    - ``::dotenv-template-preserve`` keeps the line as-is (value included).
+    - ``::dotenv-template-exclude`` removes the line from the template.
+
+    By default, directive tokens are stripped from the output. Set
+    *keep_directives* to ``True`` to retain them.
+
+    Comments and blank lines are preserved.
+
+    Parameters:
+        dotenv_path: Absolute or relative path to the .env file.
+        stream: ``StringIO`` with .env content, used if *dotenv_path* is ``None``.
+        encoding: Encoding used to read the file.
+        keep_directives: If ``True``, directive comments are kept in the output.
+
+    Returns:
+        The generated template as a string.
+    """
+    if dotenv_path is None and stream is None:
+        dotenv_path = find_dotenv()
+
+    dotenv = DotEnv(
+        dotenv_path=dotenv_path,
+        stream=stream,
+        interpolate=False,
+        encoding=encoding,
+    )
+
+    lines: list[str] = []
+    with dotenv._get_stream() as s:
+        for binding in with_warn_for_invalid_lines(parse_stream(s)):
+            original = binding.original.string
+
+            # Comments, blank lines, and parse errors: preserve as-is
+            if binding.key is None:
+                lines.append(original)
+                continue
+
+            if _DIRECTIVE_EXCLUDE in original:
+                continue
+
+            if _DIRECTIVE_PRESERVE in original:
+                line = original if keep_directives else _strip_directives(original)
+                lines.append(line)
+                continue
+
+            # Replace the value with the key name
+            lines.append(_VALUE_RE.sub(r"\g<1>" + binding.key, original, count=1))
+
+    return "".join(lines)
diff --git a/tests/test_cli.py b/tests/test_cli.py
index d4e3ad4d..def9a85d 100644
--- a/tests/test_cli.py
+++ b/tests/test_cli.py
@@ -293,3 +293,44 @@ def test_run_with_dotenv_and_command_flags(dotenv_path, tmp_path):
 
     check_process(result, exit_code=0)
     assert result.stdout.strip().startswith("dotenv, version")
+
+
+def test_template_stdout(cli, dotenv_path):
+    dotenv_path.write_text("A=hello\nB=world\n")
+
+    result = cli.invoke(dotenv_cli, ["--file", dotenv_path, "template"])
+
+    assert (result.exit_code, result.output) == (0, "A=A\nB=B\n")
+
+
+def test_template_to_file(cli, dotenv_path, tmp_path):
+    dotenv_path.write_text("A=hello\nB=world\n")
+    output_path = tmp_path / ".env.template"
+
+    result = cli.invoke(
+        dotenv_cli, ["--file", dotenv_path, "template", str(output_path)]
+    )
+
+    assert result.exit_code == 0
+    assert output_path.read_text() == "A=A\nB=B\n"
+    assert "Template written to" in result.output
+
+
+def test_template_keep_directives(cli, dotenv_path):
+    dotenv_path.write_text('A="example" # ::dotenv-template-preserve\nB=val\n')
+
+    result = cli.invoke(
+        dotenv_cli, ["--file", dotenv_path, "template", "--keep-directives"]
+    )
+
+    assert (result.exit_code, result.output) == (
+        0,
+        'A="example" # ::dotenv-template-preserve\nB=B\n',
+    )
+
+
+def test_template_non_existent_file(cli):
+    result = cli.invoke(dotenv_cli, ["--file", "nx_file", "template"])
+
+    assert result.exit_code == 2
+    assert "Error opening env file" in result.output
diff --git a/tests/test_main.py b/tests/test_main.py
index 50703af0..f4326de9 100644
--- a/tests/test_main.py
+++ b/tests/test_main.py
@@ -695,3 +695,74 @@ def test_dotenv_values_file_stream(dotenv_path):
         result = dotenv.dotenv_values(stream=f)
 
     assert result == {"a": "b"}
+
+
+@pytest.mark.parametrize(
+    "input_text,expected",
+    [
+        # Basic value replacement
+        ("A=hello\nB=world\n", "A=A\nB=B\n"),
+        # Key with no value
+        ("A\n", "A\n"),
+        # Comments and blank lines preserved
+        ("# a comment\nA=b\n\nB=c\n", "# a comment\nA=A\n\nB=B\n"),
+        # Export prefix preserved
+        ("export A=b\n", "export A=A\n"),
+    ],
+)
+def test_generate_template_basic(input_text, expected):
+    stream = io.StringIO(input_text)
+
+    result = dotenv.generate_template(stream=stream)
+
+    assert result == expected
+
+
+def test_generate_template_exclude():
+    stream = io.StringIO("A=secret # ::dotenv-template-exclude\nB=ok\n")
+
+    result = dotenv.generate_template(stream=stream)
+
+    assert result == "B=B\n"
+
+
+def test_generate_template_preserve_strips_directive():
+    stream = io.StringIO('A="example" # ::dotenv-template-preserve\n')
+
+    result = dotenv.generate_template(stream=stream)
+
+    assert result == 'A="example"\n'
+
+
+def test_generate_template_preserve_with_comment():
+    stream = io.StringIO('A="example" # useful hint ::dotenv-template-preserve\n')
+
+    result = dotenv.generate_template(stream=stream)
+
+    assert result == 'A="example" # useful hint\n'
+
+
+def test_generate_template_keep_directives():
+    stream = io.StringIO(
+        'A="example" # ::dotenv-template-preserve\nB=secret # ::dotenv-template-exclude\nC=val\n'
+    )
+
+    result = dotenv.generate_template(stream=stream, keep_directives=True)
+
+    assert result == 'A="example" # ::dotenv-template-preserve\nC=C\n'
+
+
+def test_generate_template_file(dotenv_path):
+    dotenv_path.write_text("A=hello\nB=world\n")
+
+    result = dotenv.generate_template(dotenv_path=dotenv_path)
+
+    assert result == "A=A\nB=B\n"
+
+
+def test_generate_template_empty():
+    stream = io.StringIO("")
+
+    result = dotenv.generate_template(stream=stream)
+
+    assert result == ""