BKV (NYSE:BKV) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

BKV (NYSE:BKV) announced its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14), FiscalAI reports. BKV had a net margin of 21.71% and a return on equity of 6.86%. The firm had revenue of $432.85 million for the quarter, compared to the consensus estimate of $337.64 million.

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

• Upstream outperformed expectations with production ~925 MMcfe/d toward the top of guidance, disciplined development capital (~$82M in Q1) and advanced completions delivering an approximate 20% 180‑day performance uplift.
• Carbon capture is scaling: Cotton Cove commenced commercial sequestration in April (~32k tCO2/yr), Barnett Zero ran >99% uptime and the company targets 1.5 Mtpa injection run rate by 2028 plus a CSG product planned with Gunvor in H2 2026.
• Power business consolidation and commercial momentum: consolidated power produced ~2,000 GWh (Power JV adj. EBITDA ~$20M) and management has line of sight to up to 1.4 GW incremental capacity via modular units (200 MW), a PUN (up to 750 MW) and a reserved 600 MW CCGT for Temple III.
• BKV is insourcing gas marketing/trading and expects to fully market its own volumes by mid‑2026, which management says should improve margins and enable integrated gas–power–CCUS commercial solutions.
• Strategic power growth increases near‑term capital and financing needs: 2026 power growth capex rose to $280–340M, total net BKV‑funded capex is now expected at $485–635M, and net leverage stands at 2.1x (including ~$562M of power‑related net debt), raising execution and financing risk.

BKV Trading Down 3.6%

Shares of NYSE BKV traded down $1.04 during mid-day trading on Friday, hitting $27.91. 1,193,698 shares of the company traded hands, compared to its average volume of 908,508. The business has a 50 day moving average of $29.05 and a two-hundred day moving average of $27.69. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.46 and a beta of 1.37. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24. BKV has a 1 year low of $19.40 and a 1 year high of $32.81.

Insider Activity

In related news, insider Eric S. Jacobsen sold 25,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $30.96, for a total value of $774,000.00. Following the completion of the sale, the insider directly owned 252,843 shares of the company’s stock, valued at approximately $7,828,019.28. This represents a 9.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 7,300 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the completion of the sale, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at approximately $1,839,791.75. This represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BKV

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after acquiring an additional 160,171 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,082 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after acquiring an additional 1,455 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating and set a $36.00 target price on shares of BKV in a report on Tuesday, March 10th. Jefferies Financial Group reduced their target price on BKV from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. KeyCorp upped their target price on BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Roth Mkm reaffirmed a “buy” rating and set a $32.00 target price on shares of BKV in a report on Thursday, February 5th. Finally, Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BKV presently has an average rating of “Moderate Buy” and an average price target of $33.56.

BKV Company Profile

BKV 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.