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NYSE · Energy

BKV Corp (BKV)

As-reported financials and SEC filings for BKV Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About BKV Corp

BKV Corp is an energy company that produces natural gas and generates power using natural gas-fired assets. It operates through four main business lines: natural gas production, midstream transportation, power generation, and carbon capture, utilization, and storage (CCUS). The company serves markets focused on low carbon natural gas and power, primarily in the Barnett Shale and Northeast Pennsylvania regions.

Snapshot

Revenue
$1.14B
Revenue growth (YoY)
41.6%
Net income
$179.2M
Diluted EPS
$2.05
Gross margin
Operating margin
26.6%
Net margin
15.7%
FCF margin
-2.2%
ROE
8.7%
net income / fiscal-year-end equity
P/E
8.7×
trailing when available, otherwise FY EPS
Market cap
$2.65B
Long-term debt / equity
0.46×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at BKV

  • Revenue grew 41.6% to $1.1B in FY2025, after a 20.2% decline the year before.
  • Operating margin is 26.6% in FY2025, +8.3 pp against 18.3% in FY2022.
  • Most recent quarter Q2 FY2026: revenue $322M, up 20.0% from Q2 FY2025.
  • Free cash flow was negative $25M in FY2025.
  • Net income turned positive at $179M in FY2025, from a $139M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where BKV’s fundamentals sit among the 61 oil and gas companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin26.6%
67th percentile of 50
Net margin15.7%
65th percentile of 58
FCF margin-2.2%
21st percentile of 20
Revenue growth (YoY)+41.6%
81st percentile of 59
ROE8.7%
54th percentile of 49
P/E8.7×
28th percentile of 41
Long-term debt / equity0.46×
53rd percentile of 37
Short interest6.77d
85th percentile of 60

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $733,277. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$141.0M
reported long value
InvestorAs ofPosition valueSharesChange
Greenlight CapitalQ2 2026$84.7M3.1MAdded
Citadel AdvisorsquantQ2 2026$49.3M1.8MAdded
Two Sigma InvestmentsquantQ2 2026$4.2M154.1KReduced
AQR Capital ManagementquantQ2 2026$1.8M65.7KAdded
Millennium ManagementquantQ2 2026$992,89436.3KAdded

No longer held by: D. E. Shaw (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
4
$733K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
Hinojosa JavierSenior Vice President of PowerSell12.4K$25.73$318K
2026-08-21
Tameron DavidChief Financial OfficerSell1.5K$25.63$38K
2026-08-20
filed 2026-08-21
Tameron DavidChief Financial OfficerSell4.3K$26.56$115K
2026-08-14
filed 2026-08-17
Larrick Lindsay BChief Legal and Admin OfficerSell10.0K$26.16$262K
2026-06-01
Jacobsen Eric SPresident, UpstreamSell25.0K$26.89$672K
2026-05-01
filed 2026-05-04
Jacobsen Eric SPresident, UpstreamSell25.0K$30.96$774K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.0M
settled 2026-08-14
Change vs prior
-0.5%
vs previous settlement
Days to cover
6.77
at avg daily volume
Avg daily volume
880.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-146.0M-0.5%6.77
2026-07-316.0M-5.9%6.81
2026-07-156.4M-12.1%9.13
2026-06-307.3M+50.8%6.33
2026-06-154.8M+1.2%7.23
2026-05-294.8M+16.1%6.62
2026-05-154.1M+3.3%4.30
2026-04-304.0M+3.7%4.20

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022
Revenue$1.14B$805.7M$1.01B$1.66B
Gross profit
Operating income$303.7M$-64.2M$241.1M$304.6M
Net income$179.2M$-138.7M$123.6M$410.1M
Diluted EPS$2.05$-1.94$1.92$6.62

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022
Cash and equivalents$248.4M$81.2M$105.0M$166.5M
Current assets$511.4M$235.0M$312.2M
Total assets$3.94B$3.10B$2.68B
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
Total equity$2.05B$1.55B$1.29B$1.01B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022
Operating cash flow$280.4M$115.4M$260.3M$349.2M
Capital expenditure$305.1M$105.4M$201.5M
Free cash flow$-24.7M$10.0M$58.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$322.5M20.0%$75.8M$0.67
Q1 FY2026$376.5M38.2%$44.1M$0.42
Q4 FY2025$504.8M30.9%$76.4M$0.82
Q3 FY2025$199.8M49.6%$76.8M$0.90
Q2 FY2025$268.6M100.5%$107.8M$1.27
Q1 FY2025$272.5M75.1%$-82.0M$-0.97
Q4 FY2024$385.7M-15.8%$-53.2M$-0.63
Q3 FY2024$133.5M-26.7%$12.9M$0.18

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryCrude Petroleum & Natural Gas
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1838406

Selected SEC filings

10-K/A2026-08-19
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K/A2026-08-06
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-12
View on EDGAR →
8-K2026-05-22
View on EDGAR →

Largest oil and gas peers

All oil and gas stocksAll Energy companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.