BKV
BKV Corporation25.83
-0.85-3.19%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Power capex, CCUS $48/ton details
Q&A unpacked strategic power capex for private-use networks—transformers, switches, pipelines—to enable PPAs, with costs recovered over contract life and fully cash flow-funded. Management disclosed CCUS EBITDA at $48/ton, crediting post-bill commercial surge like Comstock for the 1.5M-ton 2028 target. They detailed half-capacity PPAs (~750MW, 10-20 years), Upper Barnett tests (1-2 wells), and gas marketing alpha from expiring contracts to premium hubs. Texas regs high-grade co-located projects. Temple 3 eyes expansion if underpinned. Analysts got direct answers; no hedges. Q&A sharpens PPA and CCUS theses. Watch offtake deals.
Key Stats
Market Cap
2.50BP/E (TTM)
53.81Basic EPS (TTM)
0.48Dividend Yield
0%Recent Filings
8-K
BKV nets $185.2M in offering
BKV Corporation closed a public offering on March 12, 2026, selling 5,550,000 primary shares at $26.58 each, plus a fully exercised 1,453,813-share option, netting $185.2 million after fees. Bedrock Energy Partners sold 4,142,089 secondary shares; BKV gets none of those proceeds. Funds target working capital, operating expenses, and capex. Underwriter ties run deep.
8-K
BKV prices $262M stock offering
BKV Corporation launched a public offering of 9,692,089 common shares on March 10, 2026, pricing it March 11 for ~$261.7 million gross proceeds, with 5,550,000 shares from the company and the rest from Bedrock Energy Partners. BKV plans to deploy its net proceeds toward working capital, operating expenses, and capital expenditures. Closing set for March 12, subject to conditions. Forward-looking statements carry risks.
10-K
FY2025 results
BKV Corporation's FY2025 results showed net daily production averaging 835.5 MMcfe/d (80% natural gas, 20% NGLs), up from 788.0 MMcfe/d in FY2024, driven by the September Bedrock Acquisition adding over 100 MMcfe/d from low-decline Barnett assets (7% 1- and 5-year PDP declines). Revenues climbed 74% to $857.6 million on higher volumes and realized prices ($2.81/Mcfe excluding derivatives, up from $1.93), while lease operating costs held steady at $0.48/Mcfe; Q4 momentum accelerated with 742.0 MMcfe/d Barnett output (77% gas). Proved reserves surged 89% to 5,921 Bcfe (PV-10 $2.8B), boosted by pricing revisions and 743 Bcfe from Bedrock. Year-end debt stood at $610 million ($500M 7.5% notes due 2030, RBL at zero), with $199M cash and $675M RBL availability. No dividends or buybacks yet. Volatility in natural gas prices remains a key risk.
8-K
BKV Q4 profits, Power JV expansion
BKV reported Q4 2025 net income of $70.4 million and full-year $173.1 million, with production hitting 939.7 MMcfe/d versus 774.5 prior year. Combined Adjusted EBITDAX attributable to BKV reached $109.3 million quarterly, $390.0 million annually. Closed 25% Power JV stake buy on January 30, 2026, boosting ownership to 75% for consolidation. Issued 2026 guidance: production 915-955 MMcfe/d, capex $410-560 million. Power JV eyes PPA amid ERCOT demand surge.
8-K
Exec bonuses approved
BKV Corporation's board approved 2025 performance bonuses for its top executives on February 19, 2026, with CEO Christopher Kalnin earning $1.7M and total pay of $5.9M. Bonuses stemmed 50% from STIP Scorecard KPIs like adjusted EBITDAX and production, 50% from individual goals. Payouts hit in 2026 upon certification. Executives crushed targets.
BATL
Battalion Oil Corporation
1.09+0.00
BRY
Berry Corporation (bry)
3.19-0.14
CNX
CNX Resources Corporation
37.53-1.07
DVN
Devon Energy Corporation
35.09-1.08
EQT
EQT Corporation
53.32-1.85
EXE
Expand Energy Corporation
106.58-3.96
HPK
HighPeak Energy, Inc.
4.52-0.30
MVO
MV Oil Trust
1.26-0.03
OVV
Ovintiv Inc. (DE)
37.28-1.96
TXO
TXO Partners, L.P.
11.09-0.21