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BKV Corporation(BKV)Earnings, Financials & Key Ratios
BKV•NYSE
12.6× P/E·Price updated Jun 19, 2026
AboutBKV 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.Show more
- Revenue$896M+48.2%
- EBITDA$318M+404.5%
- Net Income$173M+221.2%
- EPS (Diluted)1.95+196.5%
- Gross Margin31.68%-50.5%
- EBITDA Margin35.54%+240.5%
- Operating Margin17.79%+169.5%
- Net Margin19.33%+181.8%
- ROE9.55%+201.5%
BKV Key Insights
BKV Corporation (BKV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 48.9%
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 3.0%
- ✗Negative free cash flow
- ✗Shares diluted 31.2% in last year
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BKV Price & Volume
BKV Corporation (BKV) stock price & volume — 10-year historical chart
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BKV Growth Metrics
BKV Corporation (BKV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years48.86%
3 Years-18.59%
TTM51.33%
Profit CAGR
10 Years-
5 Years-
3 Years-24.99%
TTM261.72%
EPS CAGR
10 Years-
5 Years-
3 Years-26.34%
TTM245.37%
Return on Capital
10 Years4.41%
5 Years5.45%
3 Years2.16%
Last Year6.4%
BKV Recent Earnings
BKV Corporation (BKV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (71%)●Beat Revenue 3/12 qtrs (43%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.22-38.9%
$0.36
Rev
$433M+28.2%
$338M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.29-21.6%
$0.37
Rev
$330M+27.2%
$260M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.50+127.3%
$0.22
Rev
$203M-11.9%
$230M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.39+160.0%
$0.15
Rev
$204M-17.0%
$246M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.22vs $0.36-38.9% | $433Mvs $338M+28.2% |
| Q1 2026 | Feb 25, 2026 | $0.29vs $0.37-21.6% | $330Mvs $260M+27.2% |
| Q4 2025 | Nov 10, 2025 | $0.50vs $0.22+127.3% | $203Mvs $230M-11.9% |
| Q3 2025 | Aug 12, 2025 | $0.39vs $0.15+160.0% | $204Mvs $246M-17.0% |
Based on last 12 quarters of dataView full earnings history →
BKV Peer Comparison
BKV Corporation (BKV) competitors in U.S. natural gas shale producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AR | 10.29B | 33.22 | 16.36 | 21.73% | 17.54% | 12.43% | 0.67 | |
 EQT | 31.68B | 50.74 | 15.33 | 73.74% | 33.4% | 12.41% | 0.29 | |
 RRC | 8.57B | 36.39 | 13.28 | 27.56% | 28.41% | 20.93% | 0.29 | |
 CTRA | 24.72B | 32.56 | 14.47 | -49.62% | 25.71% | 11.26% | 0.27 | |
 CNX | 4.64B | 32.67 | 8.21 | 59.19% | 50.85% | 27.46% | 0.57 | |
 GPOR | 2.9B | 160.71 | 7.48 | 42.53% | 41.91% | 32.67% | 0.43 | |
 CRK | 3.85B | 13.10 | 9.70 | 52.22% | 32.58% | 23.57% | 1.00 | |
 NFG | 7.21B | 75.89 | 13.36 | 17.11% | 27.48% | 20.37% | 0.92 |
Compare BKV vs Peers
BKV Corporation (BKV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BKV Income Statement
BKV Corporation (BKV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 122.53M | 889.53M | 1.66B | 739.28M | 604.53M | 895.64M | 1.02B |
Revenue Growth % | - | 625.94% | 86.64% | -55.47% | -18.23% | 48.16% | 51.33% |
Cost of Goods Sold | 87.34M | 92.28M | 118.91M | 223.37M | 217.53M | 611.95M | 540.09M |
COGS % of Revenue | 71.28% | 10.37% | 7.16% | 30.21% | 35.98% | 68.32% | - |
Gross Profit | 35.19M▲ 0% | 797.25M▲ 2165.5% | 1.54B▲ 93.3% | 515.91M▼ 66.5% | 387M▼ 25.0% | 283.7M▼ 26.7% | 482.09M▲ 0% |
Gross Margin % | 28.72% | 89.63% | 92.84% | 69.79% | 64.02% | 31.68% | 47.16% |
Gross Profit Growth % | - | 2165.5% | 93.33% | -66.53% | -24.99% | -26.69% | - |
Operating Expenses | 45.1M | 776.93M | 1.24B | 358.29M | 541.8M | 124.36M | 284.14M |
OpEx % of Revenue | 36.8% | 87.34% | 74.49% | 48.46% | 89.62% | 13.88% | - |
Selling, General & Admin | 60.7M | 172.57M | 280.06M | 265.33M | 241.46M | 124.36M | 229.91M |
SG&A % of Revenue | 49.54% | 19.4% | 16.87% | 35.89% | 39.94% | 13.88% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - |
Other Operating Expenses | -15.6M | 604.36M | 956.69M | 92.95M | 300.33M | 0 | -1000K |
Operating Income | -9.91M▲ 0% | 20.32M▲ 305.1% | 304.56M▲ 1398.6% | 157.62M▼ 48.2% | -154.8M▼ 198.2% | 159.34M▲ 202.9% | 197.95M▲ 0% |
Operating Margin % | -8.09% | 2.28% | 18.34% | 21.32% | -25.61% | 17.79% | 19.37% |
Operating Income Growth % | - | 305.14% | 1398.62% | -48.25% | -198.21% | 202.93% | - |
EBITDA | 80.28M | 119.16M | 434.6M | 382.05M | 63.09M | 318.29M | 371M |
EBITDA Margin % | 65.52% | 13.4% | 26.18% | 51.68% | 10.44% | 35.54% | 36.3% |
EBITDA Growth % | - | 48.42% | 264.73% | -12.09% | -83.49% | 404.5% | 4493.18% |
D&A (Non-Cash Add-back) | 90.19M | 98.83M | 130.04M | 224.43M | 217.89M | 158.95M | 173.05M |
EBIT | -2.65M | -172.85M | 509.96M | 222.16M | -135.71M | 253.06M | 374.64M |
Net Interest Income | -1.59M | -2.13M | -36.02M | -73.88M | -46.9M | -41.79M | -47.77M |
Interest Income | 121K | 8K | 1.14M | 3.14M | 3.86M | 991K | 2.92M |
Interest Expense | 1.71M | 2.13M | 37.17M | 77.02M | 50.76M | 42.78M | 50.69M |
Other Income/Expense | 5.54M | -195.31M | 168.23M | -12.48M | -31.67M | 50.93M | 183.49M |
Pretax Income | -4.36M▲ 0% | -174.99M▼ 3909.8% | 472.79M▲ 370.2% | 145.14M▼ 69.3% | -186.47M▼ 228.5% | 210.28M▲ 212.8% | 381.44M▲ 0% |
Pretax Margin % | -3.56% | -19.67% | 28.48% | 19.63% | -30.85% | 23.48% | 37.32% |
Income Tax | 38.98M | -40.53M | 62.65M | 28.23M | -43.6M | 35.43M | 76.09M |
Effective Tax Rate % | -893.26% | 23.16% | 13.25% | 19.45% | 23.38% | 16.85% | 19.95% |
Net Income | -43.35M▲ 0% | -138.21M▼ 218.8% | 410.14M▲ 396.8% | 116.92M▼ 71.5% | -142.87M▼ 222.2% | 173.13M▲ 221.2% | 295.87M▲ 0% |
Net Margin % | -35.37% | -15.54% | 24.7% | 15.82% | -23.63% | 19.33% | 28.95% |
Net Income Growth % | - | -218.85% | 396.76% | -71.49% | -222.2% | 221.18% | 261.72% |
Net Income (Continuing) | -43.35M | -134.46M | 410.14M | 116.92M | -142.87M | 174.84M | 305.35M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 42.29M | 49.84M | 62.71M | 59.99M | 0 | 27.42M | 98.64M |
EPS (Diluted) | -0.52▲ 0% | -2.03▼ 290.4% | 4.88▲ 340.4% | 1.39▼ 71.5% | -2.02▼ 245.3% | 1.95▲ 196.5% | 2.89▲ 0% |
EPS Growth % | - | -290.38% | 340.39% | -71.52% | -245.32% | 196.53% | 245.37% |
EPS (Basic) | -0.52 | -2.03 | 4.88 | 1.39 | -2.10 | 1.96 | - |
Diluted Shares Outstanding | 84.13M | 84.13M | 84.13M | 84.13M | 70.64M | 92.67M | 102.3M |
Basic Shares Outstanding | 84.13M | 84.13M | 84.13M | 84.13M | 68.02M | 92.07M | 102.02M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
BKV Balance Sheet
BKV Corporation (BKV) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 119.03M | 261.38M | 320.14M | 312.16M | 94.61M | 387.88M | 567.99M |
Cash & Short-Term Investments | 17.45M | 134.67M | 153.13M | 25.41M | 14.87M | 199.41M | 304.51M |
Cash Only | 17.45M | 134.67M | 153.13M | 25.41M | 14.87M | 199.41M | 304.51M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 79.45M | 107.64M | 143.95M | 49.06M | 65.85M | 112.02M | 153M |
Days Sales Outstanding | 236.67 | 44.17 | 31.65 | 24.22 | 39.76 | 45.65 | 36.74 |
Inventory | 2.88M | 4.97M | 0 | 9.94M | 6.25M | 6.07M | 18.76M |
Days Inventory Outstanding | 12.03 | 19.68 | - | 16.23 | 10.5 | 3.62 | 6.46 |
Other Current Assets | 15.48M | 9.99M | 23.06M | 223.92M | 0 | 63.96M | 78.46M |
Total Non-Current Assets | 1.22B | 1.36B | 2.38B | 2.37B | 2.14B | 2.74B | 3.6B |
Property, Plant & Equipment | 1.2B | 1.2B | 2.25B | 2.21B | 1.99B | 2.55B | 3.48B |
Fixed Asset Turnover | 0.10x | 0.74x | 0.74x | 0.33x | 0.30x | 0.35x | 0.47x |
Goodwill | 18.42M | 18.42M | 18.42M | 18.42M | 18.42M | 18.42M | 18.42M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 15K | 89.32M | 97.89M | 104.75M | 115.17M | 156.5M | 498.35M |
Other Non-Current Assets | 2.7M | 17.97M | 16.75M | 38.45M | 17.31M | 21.84M | 18.92M |
Total Assets | 1.34B▲ 0% | 1.62B▲ 20.7% | 2.7B▲ 66.7% | 2.68B▼ 0.7% | 2.23B▼ 16.8% | 3.13B▲ 40.3% | 4.17B▲ 0% |
Asset Turnover | 0.09x | 0.55x | 0.61x | 0.28x | 0.27x | 0.29x | 0.33x |
Asset Growth % | - | 20.73% | 66.74% | -0.72% | -16.85% | 40.28% | 155.68% |
Total Current Liabilities | 48.68M | 530.37M | 596.63M | 412.26M | 166.21M | 217.89M | 432.58M |
Accounts Payable | 8.71M | 32.24M | 74.96M | 47.5M | 53.24M | 206.93M | 119.96M |
Days Payables Outstanding | 36.38 | 127.51 | 230.09 | 77.62 | 89.33 | 123.43 | 82.94 |
Short-Term Debt | 24M | 166M | 90M | 127M | 0 | 0 | 185.39M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 91.16M | 163.93M | 115.22M | 23.4M | 10.15M | 112.84M |
Current Ratio | 2.45x | 0.49x | 0.54x | 0.76x | 0.57x | 1.78x | 1.31x |
Quick Ratio | 2.39x | 0.48x | 0.54x | 0.73x | 0.53x | 1.75x | 1.27x |
Cash Conversion Cycle | 212.32 | -63.67 | - | -37.17 | -39.08 | -74.15 | -39.75 |
Total Non-Current Liabilities | 308.67M | 335.52M | 910.02M | 793.16M | 505.31M | 845.73M | 1.43B |
Long-Term Debt | 0 | 0 | 527.04M | 414.66M | 165M | 486.78M | 1.08B |
Capital Lease Obligations | 4.6M | 4.69M | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 37.25M | 0 | 104.13M | 143.97M | 88.69M | 123.36M | 456.56M |
Other Non-Current Liabilities | 266.81M | 330.83M | 278.85M | 234.53M | 251.62M | 235.59M | 206.81M |
Total Liabilities | 357.35M | 865.89M | 1.51B | 1.21B | 671.51M | 1.06B | 1.86B |
Total Debt | 35.14M | 181.41M | 617.04M | 541.66M | 165M | 486.78M | 1.27B |
Net Debt | 17.69M | 46.74M | 463.91M | 516.26M | 150.13M | 287.37M | 961.79M |
Debt / Equity | 0.04x | 0.24x | 0.52x | 0.37x | 0.11x | 0.24x | 0.55x |
Debt / EBITDA | 0.44x | 1.52x | 1.42x | 1.42x | 2.62x | 1.53x | 3.41x |
Net Debt / EBITDA | 0.22x | 0.39x | 1.07x | 1.35x | 2.38x | 0.90x | 2.59x |
Interest Coverage | -1.55x | -81.00x | 13.72x | 2.88x | -2.67x | 5.91x | 7.39x |
Total Equity | 985.14M▲ 0% | 754.94M▼ 23.4% | 1.2B▲ 58.4% | 1.48B▲ 23.6% | 1.56B▲ 5.5% | 2.07B▲ 32.5% | 2.31B▲ 0% |
Equity Growth % | - | -23.37% | 58.41% | 23.56% | 5.54% | 32.48% | 115.7% |
Book Value per Share | 11.71 | 8.97 | 14.22 | 17.57 | 22.08 | 22.29 | 22.59 |
Total Shareholders' Equity | 942.86M | 705.1M | 1.13B | 1.42B | 1.56B | 2.04B | 2.21B |
Common Stock | 1.13M | 1.13M | 1.13M | 1.28M | 1.51M | 1.64M | 1.76M |
Retained Earnings | -26.77M | -259.69M | 150.45M | 259.92M | 117.05M | 288.76M | 352.38M |
Treasury Stock | 0 | -3.97M | -3.97M | -4.58M | -6.66M | -6.66M | -6.66M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 42.29M | 49.84M | 62.71M | 59.99M | 0 | 27.42M | 98.64M |
BKV Cash Flow Statement
BKV Corporation (BKV) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | -7.41M | 358.13M | 349.19M | 123.08M | 118.54M | 242.71M | 292.08M |
Operating CF Margin % | -6.04% | 40.26% | 21.03% | 16.65% | 19.61% | 27.1% | - |
Operating CF Growth % | - | 4936.37% | -2.5% | -64.75% | -3.69% | 104.75% | 1195.83% |
Net Income | -43.35M | -134.46M | 410.14M | 116.92M | -142.87M | 173.13M | 295.87M |
Depreciation & Amortization | 0 | 98.83M | 130.04M | 224.43M | 217.89M | 158.95M | 173.05M |
Stock-Based Compensation | 0 | 30.39M | 31.95M | 25.76M | 16.32M | 12.85M | 10.78M |
Deferred Taxes | 37.75M | -72.75M | 89.06M | 32.39M | -44.81M | 36.44M | 77.35M |
Other Non-Cash Items | 72.73M | 309.27M | -289.18M | -257.98M | 126.02M | -151.41M | -263.02M |
Working Capital Changes | -74.54M | 126.86M | -22.82M | -18.44M | -54.01M | 12.76M | -3.67M |
Change in Receivables | -44.48M | -28.19M | -36.31M | 86.33M | -19.46M | -31.65M | -38.05M |
Change in Inventory | -95K | -2.1M | -6.58M | 0 | 0 | 0 | 0 |
Change in Payables | -25.22M | 94.3M | 62.54M | 0 | 0 | 46.72M | 10.87M |
Cash from Investing | -513.99M | -161.86M | -865.57M | -177.85M | 36.07M | -564.9M | -724.38M |
Capital Expenditures | -514.3M | -68.71M | -248.1M | -4.89M | -100.92M | -300.17M | -405.48M |
CapEx % of Revenue | 419.72% | 7.72% | 14.94% | 0.66% | 16.69% | 33.51% | 39.67% |
Acquisitions | 311K | -88.41M | -619.44M | 0 | 132.57M | 0 | 8.87M |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | -4.74M | 1.97M | -172.96M | 4.41M | -264.74M | -327.77M |
Cash from Financing | 442.72M | -79.05M | 534.83M | 66.71M | -304.81M | 506.74M | 656.66M |
Debt Issued (Net) | 24M | 142M | 569M | -77M | -493M | 319.13M | 415.72M |
Equity Issued (Net) | 418.72M | -243.66M | 0 | 150M | 265.66M | 170.63M | 357.09M |
Dividends Paid | 0 | -98.46M | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -122.38M | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 121.06M | -34.17M | -6.29M | -77.47M | 16.97M | -116.15M |
Net Change in Cash | -78.67M▲ 0% | 117.22M▲ 249.0% | 18.46M▼ 84.3% | 11.94M▼ 35.3% | -150.2M▼ 1357.9% | 184.54M▲ 222.9% | 289.21M▲ 0% |
Free Cash Flow | -521.71M▲ 0% | 289.42M▲ 155.5% | 101.1M▼ 65.1% | -69.53M▼ 168.8% | 17.62M▲ 125.3% | -57.46M▼ 426.1% | -198.71M▲ 0% |
FCF Margin % | -425.77% | 32.54% | 6.09% | -9.4% | 2.92% | -6.42% | -19.44% |
FCF Growth % | - | 155.48% | -65.07% | -168.77% | 125.34% | -426.06% | -1102.68% |
FCF per Share | -6.20 | 3.44 | 1.20 | -0.83 | 0.25 | -0.62 | -1.94 |
FCF Conversion (FCF/Net Income) | 0.17x | -2.59x | 0.85x | 1.05x | -0.83x | 1.40x | -0.67x |
Interest Paid | 1.52M | 393K | 32.09M | 68.48M | 60.49M | 0 | 10.4M |
Taxes Paid | 0 | 0 | 400K | 1.54M | 6K | 0 | 0 |
BKV Key Ratios
BKV Corporation (BKV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | -15.89% | 42.05% | 8.75% | -9.41% | 9.55% | 15.23% |
Return on Invested Capital (ROIC) | 1.69% | 18.56% | 6.47% | -6.27% | 5.88% | 6.18% |
Gross Margin | 89.63% | 92.84% | 69.79% | 64.02% | 31.68% | 47.16% |
Net Margin | -15.54% | 24.7% | 15.82% | -23.63% | 19.33% | 28.95% |
Debt / Equity | 0.24x | 0.52x | 0.37x | 0.11x | 0.24x | 0.55x |
Interest Coverage | -81.00x | 13.72x | 2.88x | -2.67x | 5.91x | 7.39x |
FCF Conversion | -2.59x | 0.85x | 1.05x | -0.83x | 1.40x | -0.67x |
Revenue Growth | 625.94% | 86.64% | -55.47% | -18.23% | 48.16% | 51.33% |
Related:BKV Dividend History·BKV Revenue History·BKV Price History·BKV P/E History·BKV Financial Ratios·BKV Institutional Holders
BKV SEC Filings & Documents
BKV Corporation (BKV) SEC filings — annual & quarterly reports (10-K, 10-Q)
BKV Frequently Asked Questions
BKV Corporation (BKV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
BKV Corporation (BKV) reported $1.02B in revenue for fiscal year 2025. This represents a 734% increase from $122.5M in 2020.
BKV Corporation (BKV) grew revenue by 48.2% over the past year. This is strong growth.
Yes, BKV Corporation (BKV) is profitable, generating $295.9M in net income for fiscal year 2025 (19.3% net margin).
Dividend & Returns
BKV Corporation (BKV) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.
BKV Corporation (BKV) had negative free cash flow of $198.7M in fiscal year 2025, likely due to heavy capital investments.