Major Estimate Revision • 16h
Consensus revenue estimates increase by 12%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$1.49b to US$1.66b. EPS estimate fell from US$2.08 to US$1.76. Net income forecast to shrink 35% next year vs 50% growth forecast for Oil and Gas industry in the US . Consensus price target of US$35.45 unchanged from last update. Share price fell 7.0% to US$27.76 over the past week. New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Shareholders have been diluted in the past year (29% increase in shares outstanding). Aankondiging • May 09
Bkv Corporation Provides Production Guidance for the Second Quarter of 2026 BKV Corporation provided production guidance for the second quarter of 2026. For the period, the company expects Net production of 925 MMcfe/d to 975 MMcfe/d. Live nieuws • May 08
BKV Reports Robust Q1 Results With Power Growth and Clean Energy Progress BKV Corporation reported Q1 2026 net income of $44.1 million on revenues of $432.8 million, with revenue described as roughly 4.5x higher year over year and key earnings metrics above analyst estimates.
The company expanded its power business through increased ownership in the BKV-BPP Power joint venture and secured turbine reservations to support future projects.
BKV raised $186.2 million in net proceeds from an equity offering and completed the first CO₂ injection at its Cotton Cove CCUS project as part of its focus on clean energy initiatives.
For you as an investor, this update outlines a company that is pairing profitability with a build-out of power and carbon capture infrastructure. Beating Wall Street expectations on GAAP profit per share and adjusted EBITDA indicates that current operations are supporting the expansion plan, while the sizable equity raise adds capital for growth without relying solely on debt.
The moves in power and CCUS, including the joint venture ownership increase and the first injection at Cotton Cove, show a business that is not limited to traditional upstream activity. When you assess BKV, it may be useful to separate near-term earnings drivers from longer-term projects such as CCUS, which can have different risk, capital needs, and timing for potential cash flows. Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.43 (up from US$0.93 loss in 1Q 2025). Revenue: US$432.8m (up 90% from 1Q 2025). Net income: US$44.1m (up US$122.7m from 1Q 2025). Profit margin: 10% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Recent Insider Transactions Derivative • May 03
President of Upstream notifies of intention to sell stock Eric Jacobsen intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of May. If the sale is conducted around the recent share price of US$30.96, it would amount to US$1.5m. Since June 2025, Eric's direct individual holding has decreased from 257.90k shares to 210.86k. There has only been one transaction (US$2.4k sale) from insiders over the last 12 months. Aankondiging • Apr 29
BKV Corporation, Annual General Meeting, Jun 11, 2026 BKV Corporation, Annual General Meeting, Jun 11, 2026. Aankondiging • Apr 17
BKV Corporation to Report Q1, 2026 Results on May 07, 2026 BKV Corporation announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Recent Insider Transactions Derivative • Mar 26
CEO & Director notifies of intention to sell stock Christopher Kalnin intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of March. If the sale is conducted around the recent share price of US$30.06, it would amount to US$3.0m. For the year to December 2021, Christopher's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Christopher's direct individual holding has decreased from 2.30m shares to 2.17m. There has only been one transaction (US$2.4k sale) from insiders over the last 12 months. Aankondiging • Mar 12
BKV Corporation has completed a Follow-on Equity Offering in the amount of $257.615726 million. BKV Corporation has completed a Follow-on Equity Offering in the amount of $257.615726 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,692,089
Price\Range: $26.58 Aankondiging • Mar 11
BKV Corporation has filed a Follow-on Equity Offering. BKV Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,692,089 Reported Earnings • Feb 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$2.00 (up from US$2.00 loss in FY 2024). Revenue: US$1.01b (up 64% from FY 2024). Net income: US$173.1m (up US$316.0m from FY 2024). Profit margin: 17% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Aankondiging • Feb 25
BKV Corporation Provides Production Guidance for the First Quarter and Full Fiscal Year of 2026 BKV Corporation provided production guidance for the first quarter and full fiscal year of 2026. For the quarter, the company expects Net production of 900 MMcfe/d to- 930 MMcfe/d, reflecting a ~10% increase from 3Q25 production at the mid-point.
For the year, the company expects Net production of 915 MMcfe/d to- 955 MMcfe/d, reflecting a ~10% increase from 3Q25 production at the mid-point. Aankondiging • Feb 04
BKV Corporation to Report Q4, 2025 Results on Feb 25, 2026 BKV Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 25, 2026 New Risk • Feb 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Aankondiging • Feb 01
BKV Corporation (NYSE:BKV) acquired additional 25% stake in BKV-BPP Power LLC from Banpu Power Us Corporation for approximately $220 million. BKV Corporation (NYSE:BKV) entered into a definitive purchase agreement to acquire additional 25% stake in BKV-BPP Power LLC from Banpu Power Us Corporation on October 29, 2025. BKV has agreed to pay aggregate consideration for the interests pursuant to a formula of (x) $376.0 million less (y) 25% of the net indebtedness of BKV-BPP Power at closing, which consideration will be paid 50% in cash and 50% in BKV common stock (“Stock Consideration”). As of September 30, 2025, net indebtedness of BKV-BPP Power was approximately $581.8 million. The Stock Consideration will be issued at a price per share of $21.6609. BKV plans to fund the cash consideration for the transaction with a combination of cash on hand and borrowings under its existing reserve-based lending agreement. Following the momentum from the completion of BKV's successful high-yield bond offering, as of September 30, 2025, there is $800.0 million of available capacity for future borrowings under BKV’s reserve-based lending credit agreement. Such that at the closing of the transaction, BKV would own 75% of the limited liability company interests in BKV-BPP Power.
The transaction was recommended to the BKV board of directors for approval by a special committee (the “Special Committee”) composed of independent, disinterested directors and advised by independent financial and legal advisors. Additionally, the board of directors of Banpu Power Public Company Limited (“BPP”), which is listed on the Stock Exchange of Thailand and is the sole stockholder of BPPUS, resolved to propose the transaction for shareholder approval at an Extraordinary General Meeting, following the audit committee and the board of directors' review and recommendation in accordance with connected transaction requirements, and the appointment of an independent financial advisor to provide an opinion to shareholders.
BKV expects the potential transaction to close in the first quarter of 2026.
Samantha Crispin of Baker Botts L.L.P. acted as legal counsel to BKV Corporation. Morris, Nichols, Arsht & Tunnell LLP acted as independent counsel to the Special Committee and Moelis & Company LLC served as independent financial advisor to the Special Committee.
BKV Corporation (NYSE:BKV) completed the acquisition of additional 25% stake in BKV-BPP Power LLC from Banpu Power Us Corporation for approximately $220 million on January 30, 2026. The terms of transaction consist of approximately $115.1 million in cash and 5,315,390 shares of newly issued BKV common stock, increasing BKV’s ownership stake of the Power JV to 75% from 50%. Aankondiging • Dec 18
BKV Corporation (NYSE:BKV) announces an Equity Buyback for $100 million worth of its shares. BKV Corporation (NYSE:BKV) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its common stock. Share repurchases are expected to be funded through available cash or borrowings under the Company’s existing reserve-based lending agreement. Reported Earnings • Nov 11
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.91 (up from US$0.19 in 3Q 2024). Revenue: US$199.2m (up 45% from 3Q 2024). Net income: US$76.9m (up 497% from 3Q 2024). Profit margin: 39% (up from 9.3% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 159%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US. Aankondiging • Nov 11
BKV Corporation Provides Production Guidance for the Fourth Quarter of 2025 BKV Corporation provided production guidance for the fourth quarter of 2025. For the period, the company expects Net production of 885-935 MMcfe/d, reflecting a ~10% increase from 3Q25 production at the mid-point. Recent Insider Transactions Derivative • Nov 04
Insider notifies of intention to sell stock Lindsay Larrick intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of November. If the sale is conducted around the recent share price of US$23.37, it would amount to US$234k. Since March 2025, Lindsay's direct individual holding has decreased from 245.53k shares to 176.34k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Aankondiging • Oct 20
BKV Corporation to Report Q3, 2025 Results on Nov 10, 2025 BKV Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 10, 2025 Recent Insider Transactions Derivative • Oct 02
Insider notifies of intention to sell stock Lindsay Larrick intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of October. If the sale is conducted around the recent share price of US$23.19, it would amount to US$348k. Since March 2025, Lindsay's direct individual holding has decreased from 245.53k shares to 191.34k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Recent Insider Transactions Derivative • Sep 04
Insider notifies of intention to sell stock Lindsay Larrick intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of September. If the sale is conducted around the recent share price of US$23.18, it would amount to US$213k. Since September 2024, Lindsay's direct individual holding has decreased from 237.27k shares to 191.34k. Company insiders have collectively bought US$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.24 (up from US$0.90 loss in 2Q 2024). Revenue: US$207.3m (up 44% from 2Q 2024). Net income: US$104.7m (up US$164.4m from 2Q 2024). Profit margin: 51% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 50%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Aankondiging • Jul 22
BKV Corporation to Report Q2, 2025 Results on Aug 12, 2025 BKV Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 12, 2025 Recent Insider Transactions Derivative • Jul 02
Insider notifies of intention to sell stock Lindsay Larrick intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$23.13, it would amount to US$231k. Since September 2024, Lindsay's direct individual holding has decreased from 237.27k shares to 220.53k. Company insiders have collectively bought US$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 11
Insider notifies of intention to sell stock Lindsay Larrick intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of May. If the sale is conducted around the recent share price of US$20.00, it would amount to US$300k. Since September 2024, Lindsay's direct individual holding has increased from 237.27k shares to 245.53k. Company insiders have collectively bought US$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: Net income: (up US$38.6m from 1Q 2024). New Risk • May 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Aankondiging • May 09
BKV Corporation Provides Production Guidance for the Second Quarter and Full Year 2025 BKV Corporation provided production guidance for the second quarter and full year 2025. for the quarter, the company expects Net production of 775 MMcfe/d - 805 MMcfe/d.
for the year, the company expects Net production of 755 MMcfe/d - 790 MMcfe/d. Aankondiging • Apr 29
BKV Corporation, Annual General Meeting, Jun 19, 2025 BKV Corporation, Annual General Meeting, Jun 19, 2025. Location: 3700 bernie anderson avenue, tx76116, fort worth United States Aankondiging • Apr 18
BKV Corporation to Report Q1, 2025 Results on May 09, 2025 BKV Corporation announced that they will report Q1, 2025 results Pre-Market on May 09, 2025 Aankondiging • Apr 03
BKV Corporation Appoints Dilanka Seimon as Chief Commercial Officer BKV Corporation announced it has appointed Dilanka Seimon as Chief Commercial Officer, effective immediately. In this newly created role, Seimon will be responsible for strengthening the Company’s commercial midstream, gas marketing and new products teams, leveraging its carbon capture, utilization and sequestration (‘CCUS’) portfolio and strong tailwinds in power demand. A seasoned global energy executive with over 20 years of expertise across the energy value chain, Seimon has held strategy and commercial leadership roles across the upstream and midstream energy industries, driving strategic transformation and growth at companies spanning production, consumption, trading, and transportation of diverse energy commodities. He brings a proven track record in developing midstream assets, marketing upstream portfolios, advancing low-carbon initiatives, and large-scale contract negotiations and stakeholder engagement. Most recently, Seimon served as Executive Vice President and Chief Commercial Officer at EnLink Midstream, responsible for businesses across gathering, processing, transport, storage and terminal services in the oil, gas, NGL, and carbon segments. Prior to EnLink, he served as Vice President of Alternative Energy at Energy Transfer and as Vice President Sales and Marketing at BHP, leading teams responsible for logistics and marketing of BHP's global oil, gas, NGL, and LNG production portfolio, as well as energy procurement for BHP. Previously, he held various roles in natural gas trading, marketing, and origination. Seimon is a graduate of the General Management Program at Harvard Business School. He also received a Master of Business Administration from Duke University's Fuqua School of Business and a Bachelor of Science in Economics from Georgia College & State University. Reported Earnings • Apr 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$2.00 loss per share (down from US$1.93 profit in FY 2023). Revenue: US$615.1m (down 17% from FY 2023). Net loss: US$142.9m (down 222% from profit in FY 2023). Oil reserves Proven reserves: 1.691 MMbbls Gas reserves Proven reserves: 2236.031 Bcf LNG reserves Proven reserves: 147.622 MMbbls Combined production Oil equivalent production: 48.068 MMboe (52.301 MMboe in FY 2023) Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Oil and Gas industry in the US. Recent Insider Transactions Derivative • Mar 26
Chief Legal Officer notifies of intention to sell stock Lindsay Larrick intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of March. If the sale is conducted around the recent share price of US$21.07, it would amount to US$316k. Since September 2024, Lindsay's direct individual holding has increased from 237.27k shares to 260.53k. Company insiders have collectively bought US$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$2.00 loss per share (down from US$1.93 profit in FY 2023). Revenue: US$581.0m (down 21% from FY 2023). Net loss: US$142.9m (down 222% from profit in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Oil and Gas industry in the US. Aankondiging • Feb 26
BKV Corporation Provides Production Guidance for the First Quarter and Full Year 2025 BKV Corporation provided production guidance for the first Quarter and full year 2025. For the quarter, the company expects net production of 740 MMcfe/d - 770 MMcfe/d.
For the year, the company expects net production of 755 MMcfe/d - 790 MMcfe/d. Aankondiging • Feb 08
BKV Corporation Announces CFO Changes BKV Corporation announced that John T. Jimenez, who has served as Chief Financial Officer since 2021, will retire effective May 15, 2025, after a distinguished tenure with the Company. The company has named David Tameron its next Chief Financial Officer. Tameron currently serves as the Company’s Vice President, Strategic Finance and Investor Relations. Prior to joining BKV in August 2022, Tameron served in various roles at Wells Fargo & Company, including as Managing Director of Denver-based Corporate Banking from September 2017 to August 2022, and as Managing Director, Institutional Equity Research, from July 2006 to August 2017. Tameron earned a Master of Business Administration from the Fuqua School of Business at Duke University and a Bachelor of Arts in Finance from Arizona State University. Tameron will commence his new role on April 1, 2025, at which point Jimenez will transition to a Senior Advisor to remain onboard, to assist with the transition, serving in a retirement capacity until his last day on May 15, 2025. Jimenez has served as BKV’s Chief Financial Officer since April 2021 and led the Company’s finance team through a transformational time in the company by optimizing the finance function to prepare for being publicly traded, significant M&A activity and, most notably, completion of the Company’s successful IPO in September 2024. Prior to his time at BKV, John served in a variety of leadership roles for BP spanning over 30 years and across multiple countries.
On February 3, 2025, the Company and Mr. Jimenez entered into a Transition and Mutual Separation Agreement (the “Transition and Separation Agreement”) pursuant to which Mr. Jimenez has agreed to continue to serve in his current position until March 31, 2025, and then remain with the Company as a Senior Advisor until May 15, 2025. Thereafter, Mr. Jimenez has agreed to provide the Company with certain services as and when requested by the Company in order to facilitate an orderly transition. In consideration for such transition services and subject to the other terms and conditions contained in the Transition and Separation Agreement, the Company has agreed to provide Mr. Jimenez with certain additional payments for so long as, among other things, he abides by certain confidentiality, non-solicitation, non-compete and non-disparagement obligations for a period of twenty-four months following his separation. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$0.19 (down from US$0.32 in 3Q 2023). Revenue: US$173.1m (down 4.9% from 3Q 2023). Net income: US$12.9m (down 31% from 3Q 2023). Profit margin: 7.4% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. Aankondiging • Nov 14
BKV Corporation Provides Production Guidance for the Fourth Quarter 2024 BKV Corporation provided production guidance for the fourth quarter 2024. For the period, the company expects net production of 720 MMcfe/d - 750 MMcfe/d. Aankondiging • Nov 02
BKV Corporation to Report Q3, 2024 Results on Nov 12, 2024 BKV Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Recent Insider Transactions • Oct 02
Independent Director recently bought US$900k worth of stock On the 27th of September, Sunit Patel bought around 50k shares on-market at roughly US$18.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.7m more in shares than they have sold in the last 12 months. Aankondiging • Sep 26
BKV Corporation has completed an IPO in the amount of $270 million. BKV Corporation has completed an IPO in the amount of $270 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: $18
Transaction Features: Reserved Share Offering Board Change • Sep 25
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Sunit Patel was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
