Symbols / BKV Stock $29.44 +1.24% BKV Corporation

Energy • Oil & Gas E&P • United States • NYQ
BKV (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas E&P
CEO Mr. Christopher Pungya Kalnin
Exch · Country NYQ · United States
Market Cap 3.22B
Enterprise Value 3.31B
Income 171.71M
Sales 893.78M
FCF (ttm) -332.66M
Book/sh 21.09
Cash/sh 1.95
Employees 452
Insider 10d —
IPO Sep 26, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 14.87
Forward P/E 12.37
PEG —
P/S 3.60
P/B 1.40
P/C —
EV/EBITDA 8.21
EV/Sales 3.71
Quick Ratio 1.43
Current Ratio 1.78
Debt/Eq 24.41
LT Debt/Eq —
EPS (ttm) 1.98
EPS next Y 2.38
EPS Growth —
Revenue Growth 58.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-25
ROA 5.71%
ROE 9.69%
ROIC —
Gross Margin 54.83%
Oper. Margin 44.43%
Profit Margin 19.37%
Shs Outstand 109.38M
Shs Float 29.00M
Insider Own 66.61%
Instit Own 30.52%
Short Float 8.99%
Short Ratio 3.55
Short Interest 3.82M
52W High 32.81
vs 52W High -10.27%
52W Low 17.80
vs 52W Low 65.44%
Beta —
Impl. Vol. 1.56%
Rel Volume 0.45
Avg Volume 995.64K
Volume 444.23K
Target (mean) $35.45
Tgt Median $35.00
Tgt Low $32.00
Tgt High $39.00
# Analysts 11
Recom Strong_buy
Prev Close $29.08
Price $29.44
Change 1.24%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.45
Mean price target
2. Current target
$29.44
Latest analyst target
3. DCF / Fair value
$-54.74
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$29.44
Low
$32.00
High
$39.00
Mean
$35.45

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-15 main Jefferies Buy → Buy $35
2026-04-06 main Evercore ISI Group Outperform → Outperform $33
2026-04-02 main Keybanc Overweight → Overweight $35
2026-03-24 init Truist Securities Buy → Buy $37
2026-01-07 init Roth Capital — → Buy $31
2025-12-12 main Mizuho Outperform → Outperform $36
2025-11-11 main Keybanc Overweight → Overweight $30
2025-11-11 main Susquehanna Positive → Positive $33
2025-10-30 main Mizuho Outperform → Outperform $33
2025-09-15 main Mizuho Outperform → Outperform $30
2025-07-07 main Barclays Overweight → Overweight $30
2025-05-30 main Evercore ISI Group Outperform → Outperform $26
2025-05-12 main Barclays Overweight → Overweight $29
2025-04-23 main Barclays Overweight → Overweight $28
2025-03-17 main Truist Securities Buy → Buy $30
2025-03-04 main Keybanc Overweight → Overweight $25
2025-02-14 main Truist Securities Buy → Buy $31
2025-01-30 main Barclays Overweight → Overweight $30
2025-01-13 main Keybanc Overweight → Overweight $27
2025-01-13 main Truist Securities Buy → Buy $30
News
RSS: Latest BKV news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-27 TAMERON DAVID Chief Financial Officer — 7,300 $29.71 $216,919
2026-03-25 KALNIN CHRISTOPHER P Chief Executive Officer — 100,000 $30.06 $3,005,790
2026-03-10 TURCOTTE BARRY S. Officer — 6,910 $0.00 $0
2026-03-10 SEIMON DILANKA Officer — 20,732 $0.00 $0
2026-03-10 JACOBSEN ERIC S Officer — 27,643 $0.00 $0
2026-03-10 TAMERON DAVID Chief Financial Officer — 30,407 $0.00 $0
2026-03-10 KALNIN CHRISTOPHER P Chief Executive Officer — 62,197 $0.00 $0
2026-03-10 LARRICK LINDSAY B Officer — 23,496 $0.00 $0
2026-03-10 READ LAUREN Officer — 9,675 $0.00 $0
2026-03-10 NGO ETHAN Officer — 15,203 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
893.78
+51.36%
590.51
-20.05%
738.58
-55.51%
1,660.22
Operating Revenue
882.12
+51.08%
583.88
-20.52%
734.62
-55.75%
1,660.11
Cost Of Revenue
157.46
-27.61%
217.53
-2.61%
223.37
+87.85%
118.91
Reconciled Cost Of Revenue
157.46
-27.61%
217.53
-2.61%
223.37
+87.85%
118.91
Gross Profit
736.32
+97.42%
372.98
-27.61%
515.21
-66.57%
1,541.31
Operating Expense
621.98
+23.35%
504.23
-15.76%
598.54
-1.40%
607.05
Selling General And Administration
277.23
+14.81%
241.46
-9.00%
265.33
-5.26%
280.06
General And Administrative Expense
277.23
+14.81%
241.46
-9.00%
265.33
-5.26%
280.06
Other Gand A
124.36
+19.03%
104.47
-8.91%
114.69
-22.80%
148.56
Other Operating Expenses
293.99
+29.08%
227.75
-12.71%
260.91
+22.88%
212.32
Total Expenses
779.44
+7.99%
721.76
-12.18%
821.91
+13.22%
725.96
Operating Income
114.34
+187.11%
-131.25
-57.51%
-83.33
-108.92%
934.26
Total Operating Income As Reported
217.61
+240.58%
-154.80
-198.21%
157.62
-48.25%
304.56
EBITDA
397.87
+384.15%
82.18
-81.60%
446.59
-30.22%
640.00
Normalized EBITDA
294.60
+167.99%
109.93
-34.28%
167.26
-84.45%
1,075.35
Reconciled Depreciation
158.95
-27.05%
217.89
-2.91%
224.43
+72.59%
130.04
EBIT
238.92
+276.05%
-135.71
-161.09%
222.16
-56.44%
509.96
Total Unusual Items
103.28
+472.17%
-27.75
-109.93%
279.32
+164.16%
-435.35
Total Unusual Items Excluding Goodwill
103.28
+472.17%
-27.75
-109.93%
279.32
+164.16%
-435.35
Special Income Charges
-1.80
-128.19%
6.40
-84.22%
40.58
-79.12%
194.35
Other Special Charges
—
13.88
—
-16.87
Restructuring And Mergern Acquisition
0.00
+100.00%
-9.68
+74.79%
-38.38
+78.38%
-177.49
Net Income
173.13
+221.18%
-142.87
-222.20%
116.92
-71.49%
410.14
Pretax Income
210.28
+212.76%
-186.47
-228.48%
145.14
-69.30%
472.79
Net Non Operating Interest Income Expense
-27.07
+42.29%
-46.90
+36.51%
-73.88
-105.09%
-36.02
Interest Expense Non Operating
28.65
-43.57%
50.76
-34.09%
77.02
+107.22%
37.17
Net Interest Income
-27.07
+42.29%
-46.90
+36.51%
-73.88
-105.09%
-36.02
Interest Expense
28.65
-43.57%
50.76
-34.09%
77.02
+107.22%
37.17
Interest Income Non Operating
1.58
-59.16%
3.86
+22.98%
3.14
+174.54%
1.14
Interest Income
1.58
-59.16%
3.86
+22.98%
3.14
+174.54%
1.14
Other Income Expense
123.01
+1578.64%
-8.32
-102.75%
302.36
+171.07%
-425.45
Other Non Operating Income Expenses
4.84
-46.30%
9.01
+46.12%
6.17
+336.92%
1.41
Gain On Sale Of Security
105.08
+407.69%
-34.15
-114.30%
238.74
+137.91%
-629.70
Gain On Sale Of Business
0.00
-100.00%
7.08
0.00
0.00
Tax Provision
35.43
+181.25%
-43.60
-254.49%
28.23
-54.95%
62.65
Tax Rate For Calcs
0.00
-28.21%
0.00
+20.33%
0.00
+46.75%
0.00
Tax Effect Of Unusual Items
17.35
+367.20%
-6.49
-111.95%
54.32
+194.16%
-57.69
Net Income Including Noncontrolling Interests
174.84
+222.38%
-142.87
-222.20%
116.92
-71.49%
410.14
Net Income From Continuing Operation Net Minority Interest
173.13
+221.18%
-142.87
-222.20%
116.92
-71.49%
410.14
Net Income From Continuing And Discontinued Operation
173.13
+221.18%
-142.87
-222.20%
116.92
-71.49%
410.14
Net Income Continuous Operations
174.84
+222.38%
-142.87
-222.20%
116.92
-71.49%
410.14
Minority Interests
-1.71
0.00
0.00
—
Normalized Income
87.21
+171.71%
-121.61
-12.51%
-108.09
-113.72%
787.80
Net Income Common Stockholders
173.13
+221.18%
-142.87
-222.20%
116.92
-71.49%
410.14
Otherunder Preferred Stock Dividend
—
—
0.00
0.00
Diluted EPS
1.98
+199.00%
-2.00
-243.91%
1.39
-71.49%
4.88
Basic EPS
1.98
+199.00%
-2.00
-243.91%
1.39
-71.49%
4.88
Basic Average Shares
86.58
+21.45%
71.29
-15.26%
84.13
+0.00%
84.13
Diluted Average Shares
86.82
+21.79%
71.29
-15.26%
84.13
+0.00%
84.13
Diluted NI Availto Com Stockholders
173.13
+221.18%
-142.87
-222.20%
116.92
-71.49%
410.14
Depreciation Amortization Depletion Income Statement
—
—
223.37
+87.85%
118.91
Earnings From Equity Interest
14.89
+42.91%
10.42
-38.20%
16.86
+98.58%
8.49
Gain On Sale Of PPE
-1.80
-151.23%
3.52
+59.63%
2.21
0.00
Net Income From Tax Loss Carryforward
—
—
0.00
0.00
Other Taxes
50.76
+45.00%
35.01
-51.57%
72.29
-36.96%
114.67
Preferred Stock Dividends
—
—
—
—
Rent And Landing Fees
152.87
+11.59%
136.99
-9.06%
150.65
+14.56%
131.50
Rent Expense Supplemental
152.87
+11.59%
136.99
-9.06%
150.65
+14.56%
131.50
Line Item Trend 2025-12-31 2024-12-31
Total Assets
3,129.71
+40.28%
2,231.09
Current Assets
387.88
+309.98%
94.61
Cash Cash Equivalents And Short Term Investments
199.41
+1241.22%
14.87
Cash And Cash Equivalents
199.41
+1241.22%
14.87
Receivables
112.02
+70.11%
65.85
Accounts Receivable
112.02
+70.11%
65.85
Inventory
6.07
-2.93%
6.25
Prepaid Assets
6.42
-15.96%
7.64
Restricted Cash
—
0.00
Hedging Assets Current
61.78
0.00
Other Current Assets
2.18
—
Total Non Current Assets
2,741.83
+28.33%
2,136.48
Net PPE
2,545.07
+28.18%
1,985.58
Gross PPE
3,419.80
+25.67%
2,721.27
Accumulated Depreciation
-874.73
-18.90%
-735.69
Land And Improvements
3.09
+0.00%
3.09
Buildings And Improvements
6.75
-57.05%
15.71
Machinery Furniture Equipment
30.87
+23.97%
24.90
Construction In Progress
6.35
+77.62%
3.58
Other Properties
114.26
+63.83%
69.74
Leases
1.69
+0.00%
1.69
Goodwill And Other Intangible Assets
18.42
+0.00%
18.42
Goodwill
18.42
+0.00%
18.42
Investments And Advances
130.07
+12.93%
115.17
Long Term Equity Investment
130.07
+12.93%
115.17
Non Current Deferred Assets
—
—
Non Current Deferred Taxes Assets
—
—
Other Non Current Assets
21.84
+26.20%
17.31
Total Liabilities Net Minority Interest
1,069.38
+59.25%
671.51
Current Liabilities
217.89
+31.10%
166.21
Payables And Accrued Expenses
207.74
+45.47%
142.80
Payables
167.84
+42.53%
117.75
Accounts Payable
84.41
+58.54%
53.24
Other Payable
61.02
+45.93%
41.81
Current Accrued Expenses
39.91
+59.30%
25.05
Total Tax Payable
22.41
-1.26%
22.70
Income Tax Payable
0.81
-43.67%
1.44
Current Debt And Capital Lease Obligation
—
—
Current Debt
—
—
Other Current Borrowings
—
—
Current Capital Lease Obligation
—
—
Other Current Liabilities
10.15
-56.64%
23.40
Total Non Current Liabilities Net Minority Interest
851.49
+68.51%
505.31
Long Term Debt And Capital Lease Obligation
486.78
+195.02%
165.00
Long Term Debt
486.78
+195.02%
165.00
Long Term Capital Lease Obligation
—
—
Long Term Provisions
230.37
+15.88%
198.79
Non Current Deferred Liabilities
123.36
+39.09%
88.69
Non Current Deferred Taxes Liabilities
123.36
+39.09%
88.69
Other Non Current Liabilities
5.22
-4.50%
5.47
Preferred Securities Outside Stock Equity
—
—
Stockholders Equity
2,038.67
+30.72%
1,559.57
Common Stock Equity
2,038.67
+30.72%
1,559.57
Capital Stock
1.64
+8.13%
1.51
Common Stock
1.64
+8.13%
1.51
Share Issued
97.09
+14.76%
84.60
Ordinary Shares Number
96.87
+14.80%
84.39
Treasury Shares Number
0.21
+0.00%
0.21
Additional Paid In Capital
1,754.93
+21.22%
1,447.67
Retained Earnings
288.76
+146.69%
117.05
Treasury Stock
6.66
+0.00%
6.66
Minority Interest
21.66
0.00
Total Equity Gross Minority Interest
2,060.32
+32.11%
1,559.57
Total Capitalization
2,525.44
+46.44%
1,724.57
Working Capital
169.99
+337.43%
-71.59
Invested Capital
2,525.44
+46.44%
1,724.57
Total Debt
486.78
+195.02%
165.00
Net Debt
287.37
+91.41%
150.13
Capital Lease Obligations
—
—
Net Tangible Assets
2,020.25
+31.09%
1,541.16
Tangible Book Value
2,020.25
+31.09%
1,541.16
Derivative Product Liabilities
5.77
-87.82%
47.36
Financial Assets
26.43
0.00
Investmentsin Joint Venturesat Cost
130.07
+12.93%
115.17
Line Of Credit
—
0.00
Other Equity Interest
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
242.71
+104.75%
118.54
-3.69%
123.08
-64.75%
349.19
Cash Flow From Continuing Operating Activities
242.71
+104.75%
118.54
-3.69%
123.08
-64.75%
349.19
Net Income From Continuing Operations
174.84
+222.38%
-142.87
-222.20%
116.92
-71.49%
410.14
Depreciation Amortization Depletion
158.95
-27.05%
217.89
-2.91%
224.43
+72.59%
130.04
Other Non Cash Items
-32.51
+3.09%
-33.55
+66.57%
-100.35
+54.77%
-221.87
Stock Based Compensation
12.85
-21.27%
16.32
-36.65%
25.76
-19.38%
31.95
Asset Impairment Charge
5.64
0.00
0.00
—
Deferred Tax
36.44
+181.31%
-44.81
-238.33%
32.39
-63.63%
89.06
Deferred Income Tax
36.44
+181.31%
-44.81
-238.33%
32.39
-63.63%
89.06
Operating Gains Losses
-126.25
-179.12%
159.57
+201.23%
-157.64
-134.20%
-67.31
Gain Loss On Investment Securities
-113.16
-166.50%
170.18
+222.82%
-138.56
-135.59%
-58.81
Change In Working Capital
12.76
+123.62%
-54.01
-192.94%
-18.44
+19.19%
-22.82
Change In Receivables
-31.65
-62.61%
-19.46
-122.54%
86.33
+337.76%
-36.31
Changes In Account Receivables
-31.65
-62.61%
-19.46
-122.54%
86.33
+337.76%
-36.31
Change In Inventory
—
—
—
-6.58
Change In Prepaid Assets
—
—
—
-4.37
Change In Payables And Accrued Expense
46.72
+245.25%
-32.16
+67.26%
-98.24
-257.08%
62.54
Change In Payable
—
—
—
37.11
Change In Account Payable
—
—
—
62.54
Change In Other Working Capital
-2.31
+2.81%
-2.38
+63.55%
-6.53
+86.68%
-49.04
Change In Other Current Assets
—
—
—
-0.57
Change In Other Current Liabilities
—
—
—
-11.92
Investing Cash Flow
-564.90
-1666.30%
36.07
+120.28%
-177.85
+79.45%
-865.57
Cash Flow From Continuing Investing Activities
-564.90
-1666.30%
36.07
+120.28%
-177.85
+79.45%
-865.57
Net PPE Purchase And Sale
-272.10
0.00
+100.00%
-4.89
0.00
Purchase Of PPE
-272.10
0.00
+100.00%
-4.89
0.00
Sale Of PPE
—
—
—
2.33
Capital Expenditure
-572.26
-467.07%
-100.92
+47.60%
-192.60
+22.37%
-248.10
Capital Expenditure Reported
-300.17
-197.44%
-100.92
+46.24%
-187.72
+24.34%
-248.10
Net Business Purchase And Sale
2.08
-98.43%
132.57
0.00
+100.00%
-619.44
Purchase Of Business
—
0.00
0.00
+100.00%
-619.44
Gain Loss On Sale Of Business
0.00
+100.00%
-10.54
0.00
0.00
Net Other Investing Changes
5.28
+19.72%
4.41
-70.11%
14.76
+649.85%
1.97
Financing Cash Flow
506.74
+266.25%
-304.81
-556.89%
66.71
-87.53%
534.83
Cash Flow From Continuing Financing Activities
506.74
+266.25%
-304.81
-556.89%
66.71
-87.53%
534.83
Net Issuance Payments Of Debt
335.00
+167.95%
-493.00
-540.26%
-77.00
-113.53%
569.00
Issuance Of Debt
1,077.00
+72.60%
624.00
+58.98%
392.50
-52.99%
835.00
Repayment Of Debt
-742.00
+33.57%
-1,117.00
-137.91%
-469.50
-76.50%
-266.00
Long Term Debt Issuance
1,077.00
+85.69%
580.00
+3311.76%
17.00
-97.36%
645.00
Long Term Debt Payments
-742.00
+21.56%
-946.00
-622.14%
-131.00
+21.08%
-166.00
Net Long Term Debt Issuance
335.00
+191.53%
-366.00
-221.05%
-114.00
-123.80%
479.00
Short Term Debt Issuance
0.00
-100.00%
44.00
-88.28%
375.50
+97.63%
190.00
Short Term Debt Payments
0.00
+100.00%
-171.00
+49.48%
-338.50
-238.50%
-100.00
Net Short Term Debt Issuance
0.00
+100.00%
-127.00
-443.24%
37.00
-58.89%
90.00
Net Common Stock Issuance
170.63
-35.77%
265.66
+77.10%
150.00
0.00
Common Stock Payments
—
—
-0.00
0.00
Common Stock Dividend Paid
—
—
0.00
0.00
Cash Dividends Paid
—
—
0.00
0.00
Repurchase Of Capital Stock
—
—
-0.00
0.00
Proceeds From Stock Option Exercised
-1.62
+96.96%
-53.24
-1698.01%
-2.96
-151.36%
-1.18
Net Other Financing Charges
2.72
+111.24%
-24.23
-627.32%
-3.33
+89.90%
-32.99
Changes In Cash
184.54
+222.86%
-150.20
-1357.86%
11.94
-35.32%
18.46
Beginning Cash Position
14.87
-90.99%
165.07
+7.80%
153.13
+13.71%
134.67
End Cash Position
199.41
+1241.22%
14.87
-90.99%
165.07
+7.80%
153.13
Free Cash Flow
-329.55
-1970.13%
17.62
+125.34%
-69.53
-168.77%
101.10
Interest Paid Supplemental Data
16.44
-72.82%
60.49
-11.66%
68.48
+113.43%
32.09
Income Tax Paid Supplemental Data
0.23
+3766.67%
0.01
-99.61%
1.54
+286.25%
0.40
Change In Income Tax Payable
—
—
—
-25.43
Change In Tax Payable
—
—
—
-25.43
Common Stock Issuance
170.63
-35.77%
265.66
+77.10%
150.00
0.00
Earnings Losses From Equity Investments
-14.89
-42.91%
-10.42
+38.20%
-16.86
-98.58%
-8.49
Issuance Of Capital Stock
170.63
-35.77%
265.66
+77.10%
150.00
0.00
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Dividend Paid
—
—
0.00
0.00
Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
—
—
—
0.00
Sale Of Business
2.08
-98.43%
132.57
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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