BKV Corp (BKV)

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.

Symbol
BKV
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas E&P
Market cap
$2.52B
52 week range
20.08 - 32.81

Valuation

Share price
$23.27 (close of 2026-09-23)
P/E (TTM)
8.09x
Price to book
1.06x
Price to free cash flow
-140.04x
Enterprise value
$3.62B
Book value per share
$21.69

Price performance

PeriodChange
1 day+1.39%
5 days-4.44%
1 month-3.84%
3 months-8.71%
6 months-19.43%
Year to date-14.29%
1 year+6.26%
All time+29.28%

Profitability and growth

Return on equity
8.72%
Return on invested capital
9.07%
Return on assets
4.55%
Return on capital employed
9.00%
Gross margin
38.16%
Net margin
15.70%
EBITDA margin
43.91%
Revenue growth
41.59%
Net income growth
229.21%
Free cash flow growth
-346.24%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.71%
Current ratio
1.15x
Net debt to EBITDA
1.86x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$1.14B
Cost of revenue
$705.49M
Gross profit
$435.28M
EBITDA
$500.94M
Net income
$179.16M
Earnings per share
$2.05
Shares outstanding
86.58M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.14B$435.28M$179.16M$2.05
2024-12-31$805.70M$45.79M$-138.65M$-1.94
2023-12-31$1.01B$374.72M$123.56M$2.03
2022-12-31$1.66B$453.12M$410.14M$6.99

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3138.16%15.70%8.72%9.07%
2024-12-315.68%-17.21%-8.93%-1.38%
2023-12-3137.12%12.24%9.70%11.57%
2022-12-3127.29%24.70%40.41%15.34%

Cash and debt by year

Period endCashDebt
2025-12-31$248.43M$937.72M
2024-12-31$81.22M$849.82M
2023-12-31$105.01M$579.04M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-24.75M$12.85M
2024-12-31$10.05M$16.32M
2023-12-31$58.76M$25.76M
2022-12-31$349.19M$31.95M

Investor relations

Next earnings report

Next confirmed report
2026-11-09
Consensus EPS estimate
$0.39

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026$0.32
2026-05-07--
2026-02-25--
2025-11-10--
2025-08-12--
2025-05-09--
2025-02-26--
2024-11-12--

Filings and sources

Company website
bkv.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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