BKV Corporation
22.97+2.69 (+13.3%)
Oct 29, 4:00:02 PM EDT · NYSE · BKV · USD
Key Stats
Market Cap
2.07BP/E (TTM)
-Basic EPS (TTM)
-0.53Dividend Yield
0%Recent Filings
8-K
8-K
BKV closes Barnett Shale acquisition
BKV Corporation closed its $370 million acquisition of Bedrock Production's Barnett Shale assets on September 29, 2025, adding 97,000 net acres and 108 MMcfed production—63% natural gas—directly offsetting existing holdings. Funded by $500 million in 7.500% senior notes due 2030, $179.5 million cash for debt repayment, and 5.2 million BKV shares valued at $124.2 million, the deal bolsters BKV's dominance in the basin with 800 Bcfe proved reserves and 50 new drill sites. Yet integration risks loom amid volatile gas prices.
8-K
BKV posts investor presentation
BKV Corporation released an investor presentation on its website on September 12, 2025, under Regulation FD to ensure fair disclosure. The materials, accessible via the Investors section, detail undisclosed strategic updates but are not filed for legal purposes. Investors should review for insights into operations. No financial impacts or risks were specified in the filing.
8-K
BKV acquires Barnett assets
BKV Corporation inked a $370 million deal on August 7, 2025, to snag Bedrock Production's Barnett Shale assets, packing 97,000 net acres, 108 MMcfe/d output, and nearly 1 Tcfe of proved reserves. This bolt-on bolsters BKV's low-decline production base while trimming lease operating costs through shared infrastructure. The acquisition funds via cash, RBL borrowings, and up to $110 million in stock, keeping leverage in the 1.0-1.5x sweet spot. Deal closes late Q3 or early Q4 2025, if conditions hold.
10-Q
Q2 FY2025 results
BKV Corporation swung to a $104.6M net profit in Q2 FY2025 ended June 30, 2025, up from a $59.7M loss y/y, driven by $199.7M natural gas, NGL, and oil sales (59% y/y increase, derived) and $112.2M derivative gains, while production held steady at 811 MMcfe/d. Revenues climbed 136% y/y to $322.0M, with operating income flipping to $128.4M from a $43.2M loss, as DD&A fell 36% y/y to $38.0M on higher reserves. Q/Q, net income dropped from $78.7M, reflecting seasonal factors, but YTD net income of $25.9M contrasts a $98.3M YTD loss y/y; diluted EPS of $1.23 reconciles to 84.8M shares. Cash rose to $21.4M, with $98.8M YTD operating cash flow funding $136.8M capex (derived); free cash flow not disclosed in the 10-Q. Debt stood at $200.0M under the RBL facility (7.41% effective rate, $368.9M availability as of August 12, 2025), while the May 8, 2025 BKV-CIP JV formed with $40.3M CCUS assets contributed, recognizing $4.4M noncontrolling interest. On August 7, 2025, BKV agreed to acquire Bedrock assets for $370.0M ($260.0M cash, $110.0M stock), expected to close Q3/Q4 2025, adding 108 MMcfe/d production and 1 Tcfe reserves. Natural gas price volatility remains a key risk.
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