BKVNYSECrude Petroleum & Natural GasFiscal year ends December 31
BKV Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-K/A on Aug 19, 2026
$22.68−0.25 (-1.09%)
Close on Oct 19, 2026
- Market cap
- $2.49B
- P/E (TTM)
- 8.1
- Dividend yield
- –
BKV Corp revenue by segment
By business segment
| Operating income | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BKV Upstream Midstream, LLC | $130.04M | $64.86M | – | – | $148.29M | -$79.69M | – | – | – | – | – | – | -12.3% |
| BKV-BPP Power, LLC | $5.76M | $33.49M | – | – | $29.72M | -$7.39M | – | – | – | – | – | – | -80.6% |
By product or service
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural gas, NGL, and oil sales | $221.93M | $287.68M | $249.31M | $192.44M | $199.73M | $216.13M | $163.08M | $126.95M | $125.85M | $141.69M | $178.83M | $174.41M | 68.8% | +11.1% |
| Natural gas | $156.10M | $240.15M | $200.60M | $150.93M | $155.56M | $167.98M | $118.40M | $87.88M | $82.84M | $96.34M | $130.80M | $122.01M | 48.4% | +0.3% |
| BKV-BPP Power, LLC | $74.36M | $68.99M | – | – | $61.92M | $43.86M | – | – | – | – | – | – | 23.1% | +20.1% |
| Power revenues | $74.36M | $68.99M | – | – | $61.92M | $43.86M | – | – | – | – | – | – | 23.1% | +20.1% |
| Merchant energy sales and other | $70.83M | $94.83M | – | – | $55.72M | $59.53M | – | – | – | – | – | – | 22.0% | +27.1% |
| NGLs | $60.96M | $44.76M | $46.97M | $39.77M | $41.63M | $44.68M | $43.39M | $37.49M | $41.22M | $43.42M | $46.14M | $50.24M | 18.9% | +46.4% |
| Energy retail sales | $40.55M | $29.80M | – | – | $38.87M | $29.66M | – | – | – | – | – | – | 12.6% | +4.3% |
| Marketing revenues | $26.16M | $17.53M | $2.80M | $1.65M | $6.97M | $9.69M | $1.96M | $1.74M | $2.05M | $4.92M | $2.04M | $1.94M | 8.1% | +275.5% |
| Oil | $4.87M | $2.76M | $1.73M | $1.73M | $2.54M | $3.46M | $1.29M | $1.59M | $1.80M | $1.93M | $1.89M | $2.16M | 1.5% | +91.8% |
| Solar revenue | $111.00K | – | – | – | $107.00K | $86.00K | – | – | – | – | – | – | 0.0% | +3.7% |
| Section 45Q tax credits | $0 | $0 | $2.13M | $3.74M | $0 | $0 | $3.77M | $4.28M | $3.64M | $2.33M | – | – | 0.0% | – |
| Other | -$3.22M | $132.00K | $4.66M | $2.11M | $140.00K | -$1.31M | $1.79M | $1.72M | $1.69M | $1.43M | – | – | -1.0% | -2400.0% |
| Physical power purchased | -$37.13M | -$55.73M | – | – | -$32.77M | -$45.41M | – | – | – | – | – | – | -11.5% | +13.3% |
| Related party and other | – | – | $3.35M | $3.10M | $3.30M | $2.32M | $17.08M | $2.15M | $2.68M | $2.53M | $3.02M | $1.92M | – | – |
| Midstream revenues | – | $2.30M | $2.36M | $2.58M | $2.74M | $2.77M | $2.39M | $2.66M | $3.38M | $4.13M | $3.94M | $3.80M | – | – |
| Related party revenues | – | – | $462.00K | $447.00K | $425.00K | $426.00K | $451.00K | $426.00K | $1.10M | $1.10M | – | – | – | – |
By region
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TX | $306.46M | $345.64M | $487.80M | $188.71M | $253.61M | $247.93M | $369.89M | $128.44M | $127.73M | $141.83M | $444.70M | $174.03M | 95.0% | +20.8% |
| Panama | $15.99M | $30.91M | $17.01M | $11.05M | $15.04M | $24.57M | $15.79M | $5.06M | $6.22M | $13.77M | $13.46M | $8.05M | 5.0% | +6.4% |
From the segment and revenue-disaggregation notes of BKV's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.