BKV · BKV Corp
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| $1.3B | $1.14B | $1.04B | $1.3B | $1.66B | |
| $156.28M | $131.57M | $110.03M | $133.57M | $148.56M | |
| — | $600K | $600K | $300K | — | |
| $208.09M | $197.23M | $255.86M | $256.18M | $130.04M | |
| — | $1.23B | $1.1B | $1.06B | $725.96M | |
| — | $1.23B | $1.1B | $1.06B | — | |
| $450.14M | $303.71M | -$64.24M | $241.15M | $304.56M | |
| — | 26.62% | -6.19% | 18.5% | 18.34% | |
| $658.23M | $500.94M | $191.62M | $497.33M | $434.6M | |
| $6.32M | $4.11M | $7.35M | $4.72M | $1.14M | |
| -$2.5M | -$1.8M | $3.6M | $2.2M | — | |
| — | $14.9M | $10.42M | $16.87M | $8.49M | |
| $361.68M | $225.17M | -$175.81M | $162.15M | $472.79M | |
| $69.9M | $36.85M | -$42.43M | $30.12M | $62.65M | |
| $273.25M | $179.16M | -$138.65M | $123.56M | $410.14M | |
| — | 15.7% | -13.36% | 9.48% | 24.7% | |
| $18.54M | $9.16M | $5.27M | $8.47M | — | |
| $269.57M | $177.73M | -$138.65M | $123.56M | — | |
| USD/shares | $2.85 | $2.05 | -$1.94 | $2.03 | $6.99 |
| USD/shares | $2.84 | $2.05 | -$1.94 | $1.92 | $6.62 |
| shares | — | 86.58M | 71.29M | 60.73M | 58.66M |
| shares | — | 86.82M | 71.29M | 64.38M | 61.99M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2023–FY2024: $600K in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 38 similar-size Oil & Gas E&P companies (of 70 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| BKV Upstream Midstream LLC | $879,717,000 | $553,212,000 | $967,181,000 |
| BKVBPPPowerLLC | $248,752,000 | $459,880,000 | $326,604,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| TX | $1,073,105,000 | $764,888,000 | $947,296,000 | $1,408,178,000 |
| PA | $67,668,000 | $40,809,000 | $62,313,000 | $252,045,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Natural Gas NGL and Oil | $857,597,000 | $557,570,000 | $706,151,000 | $1,633,747,000 |
| Natural Gas Reserves | $675,078,000 | $385,456,000 | $509,846,000 | $1,310,339,000 |
| Merchant Energy Sales and Other | $288,981,000 | $234,477,000 | $413,915,000 | — |
| BKVBPPPowerLLC | $248,752,000 | $218,268,000 | $274,623,000 | — |
| Power Revenues | $248,752,000 | $218,268,000 | $274,623,000 | — |
| Natural Gas Liquids Reserves | $173,059,000 | $165,508,000 | $187,860,000 | $311,542,000 |
| Energy Retail Sales | $154,654,000 | $135,652,000 | $40,261,000 | — |
| Related Party and Other | $13,424,000 | $23,732,000 | $8,251,000 | $2,799,000 |
| Marketing | $12,304,000 | $10,668,000 | $8,710,000 | $11,001,000 |
| Section 45Q Tax Credits | $11,752,000 | $14,021,000 | $701,000 | — |
| Other Revenue | $11,664,000 | $6,631,000 | $3,957,000 | $117,000 |
| Natural Gas Midstream | $10,456,000 | $12,560,000 | $16,168,000 | $12,676,000 |
| Oil Reserves | $9,460,000 | $6,606,000 | $8,445,000 | $11,866,000 |
| Related Party Revenues | $1,760,000 | $3,080,000 | $3,593,000 | — |
| Solar Revenue | $398,000 | $128,000 | — | — |
| Physical Power Purchased | -$195,281,000 | -$151,989,000 | -$179,553,000 | — |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| BKV Upstream Midstream LLC | $274,826,000 | -$128,736,000 | $193,884,000 |
| BKVBPPPowerLLC | $68,560,000 | $84,677,000 | $78,090,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| BKV Upstream Midstream LLC | 31.2% | -23.3% | 20% |
| BKVBPPPowerLLC | 27.6% | 18.4% | 23.9% |