BKV Corp BKV

Energy SIC 1311 - Crude Petroleum & Natural Gas NYSE

BKV Corporation ("BKV," the "Company," "our," "we," and "us") is a forward-thinking, growth-driven energy company focused on creating long-term risk-adjusted stockholder value through the development of natural gas producing assets, the ownership and operation of natural gas-fired power generation assets, and selective accretive acquisitions. Our core businesses are the production of natural gas and the generation of natural gas-fired power from our owned and operated assets, supported by a closed-loop strategy enabled by our upstream, midstream, power, and CCUS businesses.

Our operations are supported by four business lines: natural gas production, natural gas midstream, power generation, and CCUS. Our operating approach is designed around a closed-loop model that aligns these business lines to support cost efficiency, commercial optimization, and operational reliability across the value chain. Through this approach, we retain operational control over the production, transportation, and processing of natural gas and provide multiple platforms for disciplined capital deployment, while meeting growing demand for low carbon natural gas and power.

Last close 26.06 2026-09-04
Market cap $2.85B 2026-06-30 share count
52-week range 20.08 - 32.81

Valuation FY2025 figures against the last close

P/S2.5x
P/E12.7x
P/FCF
EV/EBITDA7.5x
Dividend yield
Diluted EPS2.05

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $1.14B$805.7M$1.01B$1.66B
SG&A $131.6M$110.0M$133.6M$148.6M
Total operating expenses $1.23B$1.10B$1.06B$726.0M
Operating income $303.7M-$64.2M$241.1M$304.6M
Pre-tax income $225.2M-$175.8M$162.1M$472.8M
Income tax $36.9M$42.4M$30.1M$62.7M
Net income $179.2M-$138.7M$123.6M$410.1M
EPS, basic 2.05-1.942.036.99
EPS, diluted 2.05-1.941.926.62
Shares, diluted (wtd. avg.) $86.8M$71.3M$64.4M$62.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $248.4M$81.2M$105.0M$166.5M$134.7M
Receivables $3.3M
Inventory $20.0M$20.1M$9.9M
Total current assets $511.4M$235.0M$312.2M
Goodwill $18.4M$18.4M$18.4M
Total assets $3.94B$3.10B$2.68B
Accounts payable $100.4M$75.2M$3.2M
Short-term debt $200.4M$9.4M
Total current liabilities $564.6M$236.7M$412.3M
Long-term debt $937.7M$849.8M$579.0M
Total liabilities $1.87B$1.55B$1.21B
Retained earnings $309.1M$131.3M$259.9M
Total equity $1.99B$1.50B$1.27B$1.01B$663.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $280.4M$115.4M$260.3M$349.2M
Depreciation and amortisation $197.2M$255.9M$256.2M$130.0M
Stock-based compensation $12.8M$16.3M$25.8M$31.9M
Capital expenditure $305.1M$105.4M$201.5M
Investing cash flow -$576.4M$34.3M-$663.1M-$865.6M
Financing cash flow $463.3M-$314.8M$498.5M$534.8M
Buybacks $0$600.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-098821.

Others in SIC 1311

TickerCompanyMarket capP/ERevenue growth
EOG EOG RESOURCES INC $76.16B 15.9x -4.5%
OXY OCCIDENTAL PETROLEUM CORP /DE/ $60.02B 37.3x -5.0%
FANG Diamondback Energy, Inc. $55.79B 34.8x 35.8%
DVN DEVON ENERGY CORP/DE $52.87B 11.5x 5.4%
EQT EQT Corp $34.51B 16.7x 63.9%
EXE EXPAND ENERGY Corp $23.42B 12.9x 186.3%
PR Permian Resources Corp $19.57B 18.2x 1.3%
OVV Ovintiv Inc. $17.84B 13.5x -3.1%