Earnings summaries and quarterly performance for BKV.
Executive leadership at BKV.
Board of directors at BKV.
AD
Akaraphong Dayananda
Detailed
Director
AS
Anon Sirisaengtaksin
Detailed
Director
CS
Carla S. Mashinski
Detailed
Director
CV
Chanin Vongkusolkit
Detailed
Chairman of the Board
CC
Charles C. Miller III
Detailed
Director
JR
Joseph R. Davis
Detailed
Director
KL
Kirana Limpaphayom
Detailed
Director
SV
Sinon Vongkusolkit
Detailed
Director
SC
Somruedee Chaimongkol
Detailed
Director
SS
Sunit S. Patel
Detailed
Director
TM
Thiti Mekavichai
Detailed
Director
Research analysts who have asked questions during BKV earnings calls.
Jacob Roberts
TPH & Co.
6 questions for BKV
Also covers: CNX, CRK, EQT +3 more
SG
Scott Gruber
Citigroup
6 questions for BKV
Also covers: APA, BKR, BORR +26 more
Betty Jiang
Barclays
5 questions for BKV
Also covers: APA, AR, CLNE +17 more
Jonathan Mardini
KeyBanc Capital Markets
3 questions for BKV
Also covers: CRGY, DEC, GPOR +2 more
BD
Bertrand Donnes
Truist Securities
2 questions for BKV
Also covers: APA, AR, CNX +7 more
Michael Furrow
Pickering Energy Partners
2 questions for BKV
Also covers: CRC, CRGY, SM +1 more
Phu Pham
Roth Capital Partners
2 questions for BKV
Also covers: SM, TALO
TR
Timothy Rezvan
KeyBanc Capital Markets Inc.
2 questions for BKV
Also covers: BSM, CIVI, CRGY +10 more
Chris Baker
Evercore ISI
1 question for BKV
Also covers: GRNT, MUR, VNOM
Geoff Jay
Daniel Energy Partners
1 question for BKV
Also covers: CHRD, CVX, FANG +4 more
NK
Nitin Kumar
Mizuho Securities USA
1 question for BKV
Also covers: AR, CNX, COP +9 more
WJ
Wei Jiang
Barclays
1 question for BKV
Also covers: APA, AR, COP +9 more
Recent press releases and 8-K filings for BKV.
BKV Reports Strong Q4 and Full Year 2025 Results, Raises CCUS Target, and Provides 2026 Guidance
BKV
Earnings
Guidance Update
New Projects/Investments
- BKV reported strong financial performance for Q4 and full year 2025, with combined adjusted EBITDA attributable to BKV reaching $109 million in Q4 and $390 million for the full year, marking a 47% increase year-over-year. Full year 2025 adjusted net income was $122 million or $1.40 per diluted share.
- The company raised its near-term Carbon Capture, Utilization, and Storage (CCUS) injection target to 1.5 million tons per annum within 2028, an increase from the prior 1 million tons by 2027, with project economics estimated at approximately $48 per ton EBITDA.
- BKV finalized a power joint venture transaction, securing a 75% majority ownership in the Temple plants, and is pursuing a potential Power Purchase Agreement (PPA) in 2026 to early 2027. The company also plans $135 million in gross strategic power capital for 2026, primarily for private use network infrastructure.
- For 2026, BKV guided to full-year upstream production of 935 million CFE/d with $240 million in development capital spend, and a Power JV EBITDA range of $135 million-$175 million. Total growth capital expenditures are projected between $410 million-$560 million, expected to be fully funded within cash flow.
3 days ago
BKV Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Updates CCUS Targets
BKV
Earnings
Guidance Update
New Projects/Investments
- BKV reported strong financial results for full year 2025, with adjusted EBITDA attributable to BKV increasing 47% year-over-year to $390 million and adjusted net income totaling $122 million or $1.40 per diluted share. The company also generated positive free cash flow after fully funding all capital investments.
- The upstream business delivered 8% exit-to-exit organic production growth in 2025 and successfully integrated the Bedrock acquisition, adding over 100 million cubic feet equivalent per day of production. For 2026, BKV guides to 935 million cubic feet equivalent per day of production on $240 million of development capital spend.
- In carbon capture, BKV secured a $500 million partnership with Copenhagen Infrastructure Partners and signed definitive agreements with Comstock Resources for new projects. The company has refreshed its near-term CCUS injection target to 1.5 million tons per annum within 2028, an increase from previous targets.
- The power business delivered consistent performance in 2025, with BKV-BPP Power adjusted EBITDA of $127 million for the full year. Beginning Q1 2026, BKV will consolidate BKV-BPP Power, and for full year 2026, it guides to a BKV-BPP Power EBITDA range of $135 million-$175 million.
3 days ago
BKV Reports Strong Q4 and Full Year 2025 Results, Raises CCUS Target, and Provides 2026 Guidance
BKV
Earnings
Guidance Update
New Projects/Investments
- BKV reported strong financial results for full year 2025, with combined adjusted EBITDA attributable to BKV reaching $390 million, a 47% increase year-over-year, and adjusted net income totaling $122 million or $1.40 per diluted share. The company generated positive free cash flow for the year and maintained a net leverage ratio of 0.9 times.
- The upstream business achieved 8% exit-to-exit organic production growth in 2025, with Q4 production at 940 million cubic feet equivalent per day. For full year 2026, BKV guides to 935 million cubic feet equivalent per day of production.
- BKV raised its near-term carbon capture (CCUS) injection target to 1.5 million tons per annum within 2028, with project economics expected in the $48 per ton EBITDA range. The power business reported $127 million in adjusted EBITDA for full year 2025 (50% interest) and provided 2026 guidance of $135 million-$175 million.
- The 2026 capital investment program totals $410 million-$560 million in growth CapEx, with a net capital investment midpoint of $324 million, expected to be fully funded within cash flow. The company has hedged over 60% of its 2026 forecasted upstream production and 40% of its ERCOT generation capacity.
3 days ago
BKV Corporation Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
BKV
Earnings
Guidance Update
M&A
- BKV Corporation reported net income attributable to BKV of $70.4 million ($0.75 per diluted share) for Q4 2025 and $173.1 million ($1.98 per diluted share) for Full Year 2025.
- Combined Adjusted EBITDAX attributable to BKV was $109.3 million for Q4 2025 and $390.0 million for Full Year 2025.
- Average net production reached 939.7 MMcfe/d in Q4 2025 and 835.5 MMcfe/d for Full Year 2025.
- The company completed a public offering of 6.9 million shares for net proceeds of $170.1 million and acquired an incremental 25% ownership of the Power JV, increasing its stake to 75% as of January 30, 2026.
- For FY 2026, BKV provided guidance for total capital expenditures between $410 million and $560 million and net production of 915-955 MMcfe/d.
3 days ago
BKV Corporation Reports Q4 and Full Year 2025 Results, Reserves Growth, and 2026 Guidance
BKV
Earnings
Guidance Update
New Projects/Investments
- BKV Corporation reported full year 2025 net income attributable to BKV of $173.1 million and Combined Adjusted EBITDAX of $390.0 million, with Q4 2025 net income at $70.4 million and Combined Adjusted EBITDAX at $109.3 million.
- Average net production for full year 2025 was 835.5 MMcfe/d, increasing to 939.7 MMcfe/d in Q4 2025, exceeding previous guidance.
- Total proved reserves as of December 31, 2025, increased by 89% to 5,921 Bcfe (SEC pricing), primarily driven by higher commodity prices, drilling activity, and the Bedrock acquisition.
- The company provided full year 2026 guidance for total capital expenditures of $410 - $560 million and net production of 915 - 955 MMcfe/d.
- BKV strengthened its balance sheet in 2025 with a $500 million bond offering and a follow-on equity issuance that raised $170.1 million in net proceeds, and increased its ownership in the Power JV to 75% on January 30, 2026.
3 days ago
BKV Corporation Closes Acquisition of Control Position in Power Joint Venture
BKV
M&A
New Projects/Investments
- BKV Corporation successfully closed its acquisition of one-half of Banpu Power US Corporation’s interest in BKV-BPP Power, LLC, increasing its ownership stake in the Power Joint Venture to 75% from 50%.
- The acquisition, which closed on January 30, 2026, involved approximately $115.1 million in cash and 5,315,390 shares of newly issued BKV common stock.
- This increased ownership allows BKV to consolidate the Power Joint Venture’s financial results and provides majority ownership and control of the Power JV, which includes the Temple I and II plants.
- An Amended and Restated Limited Liability Company Agreement was entered into, granting BKV the ability to appoint a majority of the Joint Venture Board and delegating day-to-day operations to BKV.
Jan 30, 2026, 1:39 PM
BKV Corporation announces $100 million share repurchase program
BKV
Share Buyback
- BKV Corporation's Board of Directors has authorized a two-year share repurchase program.
- The program allows the company to repurchase up to $100 million of its outstanding common stock.
- Share repurchases are expected to be funded through available cash or borrowings under the Company’s existing reserve-based lending agreement.
- The timing and total amount of any repurchases will be determined at the discretion of management based on various factors.
Dec 18, 2025, 12:34 PM
BKV Corporation Completes Common Stock Offering
BKV
M&A
New Projects/Investments
- BKV Corporation completed an offering of 6,900,000 shares of common stock, including the full exercise of an option for 900,000 additional shares, at a public price of $26.00 per share.
- The offering, finalized on December 3, 2025, generated approximately $170.3 million in net proceeds for the company.
- The proceeds are primarily intended to fund the acquisition of a controlling interest in BKV-BPP Power, LLC and related expenses.
- A 90-day lock-up period applies to certain individuals and entities, including officers and directors, restricting the sale of BKV Corporation's securities.
Dec 3, 2025, 10:30 PM
BKV Corporation Announces Pricing of Public Offering of Common Stock
BKV
M&A
New Projects/Investments
- BKV Corporation announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock at $26.00 per share on December 1, 2025.
- The offering is expected to generate $156.0 million in total gross proceeds before deductions, with underwriters having a 30-day option to purchase up to an additional 900,000 shares.
- The net proceeds are intended to fund the cash consideration for the acquisition of a controlling interest in BKV-BPP Power, LLC and related expenses.
- The offering is expected to close on December 3, 2025.
Dec 2, 2025, 11:05 AM
BKV Corporation Files Updated Pro Forma Financials Following Bedrock Acquisition
BKV
M&A
Debt Issuance
New Projects/Investments
- BKV Corporation filed an 8-K on November 17, 2025, to provide updated unaudited pro forma condensed combined financial information for the nine months ended September 30, 2025, reflecting the Bedrock Acquisition.
- The acquisition of 100% of the equity interests of Bedrock Production, LLC was completed on September 29, 2025, for an aggregate consideration of $397.7 million.
- The consideration included approximately $179.5 million in cash and the issuance of 5,233,957 shares of BKV common stock, valued at approximately $124.2 million as of September 29, 2025.
- The acquisition was funded, in part, by proceeds from the offering of $500,000,000 in 7.500% senior unsecured notes due 2030.
- The unaudited pro forma net income attributable to BKV for the nine months ended September 30, 2025, was $96,414 thousand, with pro forma basic and diluted EPS of $1.06.
Nov 17, 2025, 9:00 PM
Quarterly earnings call transcripts for BKV.
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