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.

Ticker: BKV
Exchange: NYSE
Sector: Energy
Industry: Oil & Gas E&P
Market cap: $1.90B
52-week range: $17.47 - $32.81

Valuation

Share price: $17.55 (close of Nov 6, 2026)
P/E (TTM): 8.20x
Price to book: 0.79x
Price to free cash flow: 45.77x
Enterprise value: $3.28B
Book value per share: $22.18

Price performance

Period	Change
1 day	-2.99%
5 days	-16.15%
1 month	-20.41%
3 months	-26.87%
6 months	-41.21%
Year to date	-35.36%
1 year	-29.12%
All time	-2.50%

Short interest

As of: Oct 15, 2026
Short % of float: 23.71%
Shares short: 10.15M
Days to cover: 5.39
Change since prior report: -4.79%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 8.72%
Return on invested capital: 8.36%
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: 9.92%

Cash flow and balance sheet

Free cash flow yield (TTM): 2.18%
Current ratio: 3.25x
Net debt to EBITDA: 2.36x

Latest reported year

Period end: Dec 31, 2025
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 end	Revenue	Gross profit	Net income	EPS
2025-12-31	$1.14B	$435.28M	$179.16M	$2.05
2024-12-31	$1.04B	$45.79M	-$138.65M	-$1.94
2023-12-31	$1.30B	$374.72M	$123.56M	$2.03
2022-12-31	$1.66B	$453.12M	$410.14M	$6.99

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	38.16%	15.70%	8.72%	8.36%
2024-12-31	4.41%	-13.36%	-8.93%	-1.33%
2023-12-31	28.75%	9.48%	9.70%	10.94%
2022-12-31	27.29%	24.70%	40.41%	13.87%

Cash and debt by year

Period end	Cash	Debt
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 end	Free cash flow	Stock-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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	$0.30
2026-08-06	Jun 2026	$0.32
2026-05-07	Mar 2026	$0.36
2026-02-25	Dec 2025	$0.37
2025-11-10	Sep 2025	$0.13
2025-08-12	Jun 2025	$0.15
2025-05-09	Mar 2025	$0.15
2025-02-26	Dec 2024	-$0.10

Filings and sources

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

Similar companies

ConocoPhillips (COP) · EOG Resources Inc (EOG) · Occidental Petroleum Corp (OXY) · Diamondback Energy, Inc. (FANG) · Devon Energy Corp (DVN) · EQT Corp (EQT) · Expand Energy Corp (EXE) · APA Corp (APA)

All Energy companies

Understanding these figures

Price-to-earnings ratio · Short interest · 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

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades