BKV (NYSE:BKV) Releases Earnings Results, Misses Expectations By $0.08 EPS

BKV (NYSE:BKV) issued its earnings results on Wednesday. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08), FiscalAI reports. BKV had a return on equity of 6.91% and a net margin of 5.67%.The company had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million.

Here are the key takeaways from BKV’s conference call:

• BKV delivered a strong 2025 — adjusted EBITDA $390 million for the year, adjusted net income $122 million, generated positive free cash flow after CapEx, and finished with $199 million cash, $984 million total liquidity and a 0.9x net leverage.
• Upstream outperformed guidance with ~8% exit-to-exit organic production growth, peer-leading development costs (~$545/ft DNC), seamless integration of Bedrock adding >100 MMcfe/d and ~1 TCFE proved reserves, and ~6 TCFE 1P reserves (NYMEX NPV10 $3.1B).
• Carbon capture momentum accelerated — a partnership with Copenhagen Infrastructure Partners for up to $500 million, Barnett Zero injected >311,000 metric tons, and BKV raised its near-term target to 1.5 million tons/year by 2028 with project-level economics around $48/ton EBITDA.
• Power business now has a 75% stake in 1.5 GW Temple plants, will consolidate BKV-BPP Power from Q1 2026, is targeting long-term PPAs in 2026–early 2027, and guides BKV-BPP Power EBITDA of $135–$175 million for 2026.
• 2026 capital plan balances growth and discipline — total growth CapEx $410–$560 million (including ~$135 million strategic power), net capex midpoint ~$324 million, with management expecting full-year net CapEx funded within cash flow and hedges covering ~60% of upstream production at $3.85/MMBtu and ~40% of ERCOT generation via HRCOs.

BKV Stock Performance

Shares of NYSE:BKV traded down $0.34 during midday trading on Wednesday, hitting $29.37. The stock had a trading volume of 429,909 shares, compared to its average volume of 666,306. The company has a market capitalization of $2.85 billion, a PE ratio of 57.08 and a beta of 1.60. BKV has a 1 year low of $15.00 and a 1 year high of $31.74. The stock has a 50 day moving average price of $28.14 and a two-hundred day moving average price of $25.30. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

BKV announced that its Board of Directors has authorized a stock buyback program on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on BKV shares. Susquehanna raised their target price on BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, November 11th. Barclays initiated coverage on shares of BKV in a report on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price objective on the stock. Mizuho lifted their target price on shares of BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Finally, KeyCorp restated an “overweight” rating and set a $34.00 price target on shares of BKV in a research note on Thursday, February 5th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.86.

Institutional Investors Weigh In On BKV

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares in the last quarter. Cooper Creek Partners Management LLC grew its position in BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares during the period. Finally, Geode Capital Management LLC increased its holdings in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares in the last quarter.

About BKV

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.