The invention discloses an oxidation-state semi-regenerative reforming catalyst and a preparation method thereof. The preparation method comprises the steps that step 1, an alumina carrier is prepared, wherein alumina is gamma-alumina prepared from aluminum hydroxide prepared through hydrolysis of alkoxy aluminum; step 2, an impregnation solution is prepared, wherein the impregnation solution contains a platinum compound, a rhenium compound, a competitive adsorbent and a nitrogen-containing compound, and the nitrogen-containing compound is urea; step 3, the alumina carrier is impregnated, theimpregnation solution is dried by distillation, and the temperature of drying by distillation is 50-60 DEG C; step 4, the catalyst is dried and activated. The oxidation-state semi-regenerative reforming catalyst and the preparation method thereof have the advantages that the urea is introduced into the impregnation solution, the interaction of metal components and the carrier is enhanced, the metal components are not easy to gather, the particle sizes of platinum atom clusters of the catalyst are smaller, the occurrence of hydrogen hydrolysis side reactions during a reforming reaction is reduced, hydrogen hydrolytic byproduct methane is less, and the selectivity of product arene is high.