BKV Corporation

BKV · NYSE · Energy / Oil & Gas E&P

$24.35+0.53 (+2.23%)

Close Sep 15, 2026 · end-of-day

Market Stats

Previous Close$23.82

Open$24.25

Day Range$23.91 – $24.45

52-Week Range$20.08 – $32.81

Volume1.13M

Market Cap$2.39B

P/E (TTM)7.82

Forward P/E15.82

EPS$2.79

Dividend Yield0.00%

50-Day Avg$24.77

200-Day Avg$27.21

Price History

Open in new tab

Loading price history…

About

BKV Corporation produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania. It is also involved in the gathering, processing, and transportation of natural gas; power generation; and carbon capture, utilization, and sequestration activities. The company was founded in 2015 and is headquartered in Denver, Colorado. BKV Corporation operates as a subsidiary of Banpu North America Corporation.

Company Details

Sector: Energy
Industry: Oil & Gas E&P
CEO: Mr. Christopher Pungya Kalnin
Employees: 452
Headquarters: 1200 17th Street, Denver, CO, United States, 80202, USA
Website: https://bkv.com

Leadership

Mr. Christopher Pungya KalninCEO & Director · b. 1978
Mr. Eric S. JacobsenPresident of Upstream · b. 1971
Mr. Dilanka SeimonChief Commercial Officer · b. 1981
Mr. David Robert TameronChief Financial Officer · b. 1968
Mr. Barry S. TurcotteChief Accounting Officer · b. 1970
Ms. Lindsay B. LarrickChief Legal & Administrative Officer and Secretary · b. 1983
Mr. Michael Anthony HallVice President of Investor Relations
Mr. Ethan NgoChief Corporate Development Officer · b. 1982
Ms. Lauren ReadSenior Vice President of dCarbon Ventures
Mr. Simon BowmanSenior Director Midstream

Financials

Income Statement

Line item	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	$122.53M	$889.53M	$1.66B	$739.28M	$604.53M	$895.64M
Cost of Revenue	$87.34M	$92.28M	$118.91M	$223.37M	$217.53M	$611.95M
Gross Profit	$35.19M	$797.25M	$1.54B	$515.91M	$387.00M	$283.70M
Operating Income	$-9.91M	$20.32M	$304.56M	$157.62M	$-154.80M	$159.34M
EBITDA	$87.54M	$-74.02M	$640.00M	$446.59M	$82.18M	$412.01M
Net Income	$-43.35M	$-138.21M	$410.14M	$116.92M	$-142.87M	$173.13M
Interest Expense	$1.71M	$2.13M	$37.17M	$77.02M	$50.76M	$42.78M

Balance Sheet

Line item	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	$1.34B	$1.62B	$2.70B	$2.68B	$2.23B	$3.13B
Total Liabilities	$357.35M	$865.89M	$1.51B	$1.21B	$671.51M	$1.06B
Total Equity	$942.86M	$705.10M	$1.13B	$1.42B	$1.56B	$2.04B
Cash	$17.45M	$134.67M	$153.13M	$25.41M	$14.87M	$199.41M
Total Debt	$35.14M	$181.41M	$617.04M	$541.66M	$165.00M	$486.78M
Net Debt	$17.69M	$46.74M	$463.91M	$516.26M	$150.13M	$287.37M

Cash Flow

Line item	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	$-7.41M	$358.13M	$349.19M	$123.08M	$118.54M	$242.71M
Investing Cash Flow	$-513.99M	$-161.86M	$-865.57M	$-177.85M	$36.07M	$-564.90M
Financing Cash Flow	$442.72M	$-79.05M	$534.83M	$66.71M	$-304.81M	$506.74M
Capital Expenditure	$514.30M	$68.71M	$248.10M	$192.60M	$100.92M	$300.17M
Free Cash Flow	$-521.71M	$289.42M	$101.10M	$-69.53M	$17.62M	$-57.46M
Dividends Paid	$0	$98.46M	$0	$0	-	-

Earnings

Report Date	Nov 9, 2026	Aug 6, 2026	May 7, 2026	Feb 25, 2026	Nov 10, 2025	Aug 12, 2025	May 9, 2025	Feb 26, 2025	Nov 12, 2024	Aug 28, 2024
EPS Estimate	$0.39	$0.32	$0.37	$0.29	$0.21	$0.15	$0.22	$-0.14	$-0.25	$0.00
EPS Actual	-	$0.46	$0.22	$0.29	$0.50	$0.39	$0.41	$0.01	$-0.27	$-0.90
Surprise	-	43.75%	-40.54%	-0.92%	138.10%	160.00%	86.36%	106.92%	-8.00%	-
Timing	-	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market	-	Pre-market	-

Key Statistics & Ratios

Market Cap: $2.39B
Enterprise Value: $3.64B
Trailing P/E: 7.82
Forward P/E: 15.82
Price / Sales: 2.27
Price / Book: 1.11
EPS: $2.79
Book Value: $21.04
Revenue (TTM): $1.05B
Gross Profit (TTM): $567.31M
EBITDA: $568.91M
Profit Margin: 25.46%
Operating Margin: 39.46%
Return on Equity: 14.05%
Return on Assets: 7.63%
Shares Outstanding: 109.44M
Shares Float: 31.17M
Dividend Yield: 0.00%
Dividend Rate: $0
Payout Ratio: 0.00%

Analyst Ratings

Strong Buy

Based on 8 analystsTarget $34

Strong Buy
7
Buy
1

Ownership Breakdown

Institutions: 43.36%
Insiders: 66.18%
Retail / Other: 0.00%

Top Institutional Holders

Boston Partners Global Investors, Inc
2.55M2.33%
The Goldman Sachs Group Inc
2.22M2.03%
Cooper Creek Partners Management LLC
2.10M1.92%
BlackRock Inc
2.08M1.90%
Yaupon Capital Management LP
2.04M1.87%
Citadel Advisors Llc
1.80M1.65%
Zimmer Partners LP
1.67M1.53%
Merewether Investment Management, LP
1.65M1.51%
Vanguard Capital Management, LLC
1.47M1.34%
UBS Group AG
1.42M1.30%
State Street Corp
1.37M1.26%
Dimensional Fund Advisors, Inc.
1.31M1.19%
William Blair Investment Management, LLC
1.19M1.09%
HITE Hedge Asset Management MLP
905.54K0.83%
Bank of America Corp
837.28K0.77%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
1.22M1.11%
SttStrtSPDRS&POil&GasExplor&ProdtnETF
1.21M1.11%
Fidelity Stock Selector Small Cap
1.05M0.96%
Goldman Sachs MLP Energy Infras Instl
938.76K0.86%
Avantis US Small Cap Value ETF
853.64K0.78%