BKV (NYSE:BKV) Posts Earnings Results

BKV (NYSE:BKV) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02), FiscalAI reports. The company had revenue of $478.37 million during the quarter, compared to analyst estimates of $395.18 million. BKV had a return on equity of 6.67% and a net margin of 17.73%.

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

• BKV delivered upstream production of 981 Mcfe/d, above guidance, with development capital below the low end of its range. The Barnett acquisition added more than 65 Mcfe/d, taking production above 1 Bcfe/d and increasing liquids exposure.
• At Temple, BKV is in exclusive commercial negotiations with a leading AI lab and has signed a cost reimbursement agreement supporting an increase in planned modular capacity to 400 MW. The company still targets a PPA in 2026 to early 2027, though it acknowledged regulatory changes could affect timing.
• Temple power results fell short of expectations, with adjusted EBITDA of $34 million as solar and battery additions weighed on peak pricing. BKV expects strategic power spending to rise to $240 million–$270 million in the fourth quarter, largely for the expanded Temple project.
• Adjusted EBITDAX increased to $133 million from $101 million a year earlier, and adjusted free cash flow was $31 million excluding strategic power spending. BKV ended the quarter with $620 million of cash and $1.2 billion of total liquidity, while net leverage was 2.4x.
• BKV now has four operating carbon capture projects, with injection running at about 350,000 tons annually and a target of 1.5 million tons in 2028. It also received Verra certification for carbon credits tied to sequestration from natural gas production, which management says could support premium Carbon Sequestered Gas sales.

BKV Stock Performance

Shares of NYSE:BKV traded down $0.61 on Friday, hitting $17.48. 2,021,919 shares of the company were exchanged, compared to its average volume of 2,030,342. The company’s 50 day moving average price is $22.61 and its two-hundred day moving average price is $26.34. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. BKV has a one year low of $17.47 and a one year high of $32.81.

BKV News Roundup

Here are the key news stories impacting BKV this week:

• Positive Sentiment: BKV reported Q3 revenue of $478.37 million, well above the $395.18 million analyst consensus. The company also announced a cost-reimbursement agreement with a leading frontier AI lab, supporting its push to serve growing AI power demand. BKV Reports Q3 2026 Results
• Positive Sentiment: BKV is targeting 400 MW for the first phase of its Temple project and says it aims to secure a power purchase agreement (PPA) in 2026 or early 2027. This could create a meaningful growth opportunity, though the PPA is not yet secured. BKV targets 400 MW Temple phase 1
• Neutral Sentiment: The company also reported Verra carbon-credit certification, adding a credential to its carbon-management business, though the financial impact is not specified in the reports. BKV Reports Q3 2026 Results
• Negative Sentiment: Adjusted EPS was $0.36, missing the $0.38 consensus estimate. Zacks Research also cut its rating on BKV from “strong buy” to “hold,” which may add near-term pressure despite the revenue beat. Zacks downgrade report

Insider Activity at BKV

In other news, insider Lindsay B. Larrick sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the sale, the insider directly owned 83,925 shares in the company, valued at approximately $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.63, for a total value of $38,445.00. Following the completion of the transaction, the chief financial officer owned 57,024 shares of the company’s stock, valued at $1,461,525.12. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 40,578 shares of company stock worth $1,005,136. Company insiders own 2.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BKV. Raymond James Financial set a $29.00 target price on BKV in a report on Tuesday, September 15th. Truist Financial increased their price target on BKV from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 price target on shares of BKV in a research report on Friday, July 10th. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Finally, Evercore upgraded shares of BKV to a “strong-buy” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

About BKV

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.