BKV Full Year 2024 Earnings: Misses Expectations

BKV (NYSE:BKV) Full Year 2024 Results

Key Financial Results

• Revenue: US$615.1m (down 17% from FY 2023).
• Net loss: US$142.9m (down by 222% from US$116.9m profit in FY 2023).
• US$2.00 loss per share (down from US$1.93 profit in FY 2023).

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

BKV Production and Reserves

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).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BKV Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 33%.

In the last 12 months, the only revenue segment was Oil & Gas - Exploration & Production contributing US$615.1m. Notably, cost of sales worth US$359.4m amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$217.5m (53% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$11.9m. Explore how BKV's revenue and expenses shape its earnings.

Looking ahead, 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.

Performance of the American Oil and Gas industry.

The company's shares are up 3.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of BKV's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.