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
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
44.5%
45M of 102M shares
Institutional holders
161
40 new, 42 sold out
Net institutional buying
6M
In Q2 2026
Insider trades, 12 months
0 buys · 16 sales
Net sold $14.67M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Banpu North America Corporation | 69,193,004 | 67.65% | 13D (active) | Jan 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BKV | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| DME Capital Management, LP | 3,095,173 | 3.03% | $84.68M | +399,630 | 2.17% |
| Yaupon Capital Management LP | 2,768,719 | 2.71% | $75.75M | +728,364 | 1.49% |
| BlackRock, Inc. | 2,713,477 | 2.65% | $74.24M | +632,709 | 0.00% |
| Cooper Creek Partners Management LLC | 2,668,438 | 2.61% | $73.01K | +565,208 | 1.73% |
| Boston Partners | 2,552,101 | 2.50% | $69.81M | +344,916 | 0.06% |
| Goldman Sachs Group Inc | 1,959,187 | 1.92% | $53.60M | −263,909 | 0.00% |
| FMR LLC | 1,844,033 | 1.80% | $50.45M | +1,842,193 | 0.00% |
| Citadel Advisors LLC | 1,800,958 | 1.76% | $49.27M | +1,292,795 | 0.01% |
| State Street Corp | 1,763,029 | 1.72% | $48.24M | +388,395 | 0.00% |
| Vanguard Capital Management LLC | 1,682,242 | 1.64% | $46.03M | +213,675 | 0.00% |
| Merewether Investment Management, LP | 1,673,695 | 1.64% | $45.79M | +26,922 | 0.86% |
| Zimmer Partners, LP | 1,673,167 | 1.64% | $45.78M | −273,147 | 1.05% |
| Covalis Capital LLP | 1,414,178 | 1.38% | $38.69M | +809,967 | 2.18% |
| Aventail Capital Group, LP | 1,343,790 | 1.31% | $36.77M | +598,206 | 2.11% |
| Dimensional Fund Advisors LP | 1,305,648 | 1.28% | $35.72M | +651,519 | 0.01% |
| William Blair Investment Management, LLC | 1,194,790 | 1.17% | $32.69M | +41,023 | 0.10% |
| HITE Hedge Asset Management LLC | 905,541 | 0.89% | $24.78M | +50,060 | 1.36% |
| Geode Capital Management, LLC | 873,304 | 0.85% | $23.90M | +129,857 | 0.00% |
| American Century Companies Inc | 704,707 | 0.69% | $19.28M | +389,815 | 0.01% |
| Value Aligned Research Advisors, LLC | 679,899 | 0.66% | $18.60M | +356,848 | 0.05% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 161 | 45M | 44.5% | 40 / 77 | 31 / 42 | 12M | 6M |
| Q1 2026 | 167 | 40M | 38.8% | 50 / 69 | 33 / 29 | 17M | 7M |
| Q4 2025 | 151 | 32M | 31.3% | 56 / 58 | 23 / 12 | 17M | 2M |
| Q3 2025 | 107 | 17M | 16.3% | 13 / 43 | 29 / 19 | 3M | 2M |
| Q2 2025 | 114 | 17M | 16.2% | 37 / 40 | 25 / 11 | 3M | 3M |
| Q1 2025 | 89 | 16M | 15.5% | 35 / 33 | 17 / 21 | 5M | 6M |
| Q4 2024 | 76 | 17M | 16.7% | 40 / 15 | 19 / 20 | 6M | 6M |
| Q3 2024 | 56 | 17M | 16.8% | 56 / 0 | 0 / 0 | 17M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BKV | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,217,138 | 1.19% | $33.30M | 0.00% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF | 1,081,721 | 1.06% | $29.60M | 1.02% | Jun 30, 2026 |
| Fidelity Stock Selector Small Cap Fund | 1,048,000 | 1.02% | $25.63M | 0.35% | Jul 31, 2026 |
| iShares Russell 2000 ETF | 836,607 | 0.82% | $22.89M | 0.03% | Jun 30, 2026 |
| Goldman Sachs MLP Energy Infrastructure Fund | 829,067 | 0.81% | $22.00M | 1.23% | May 31, 2026 |
| Column Small Cap Select Fund | 776,705 | 0.76% | $20.61M | 1.09% | May 31, 2026 |
| Fidelity Series Small Cap Opportunities Fund | 609,400 | 0.60% | $14.91M | 0.31% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 428,393 | 0.42% | $11.72M | 0.01% | Jun 30, 2026 |
| William Blair Small Cap Growth Fund | 418,040 | 0.41% | $11.44M | 0.93% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 372,031 | 0.36% | $9.87M | 0.04% | May 31, 2026 |
| First Trust Natural Gas ETF | 369,223 | 0.36% | $10.10M | 1.71% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 352,101 | 0.34% | $8.61M | 0.03% | Jul 31, 2026 |
| WPG Partners Select Small Cap Value Fund | 306,255 | 0.30% | $8.13M | 3.47% | May 31, 2026 |
| Dimensional U.S. Small Cap ETF | 271,009 | 0.26% | $6.63M | 0.04% | Jul 31, 2026 |
| Goldman Sachs Energy Infrastructure Fund | 240,793 | 0.24% | $6.39M | 1.35% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Christopher P. Kalnin | Chief Executive Officer, Director | 2,073,826 | 2.03% | Jul 1, 2026 |
| Javier Hinojosa | Senior Vice President of Power | 76,848 | 0.08% | Sep 29, 2026 |
| David Tameron | Chief Financial Officer | 57,324 | 0.06% | Aug 21, 2026 |
| Lindsay B. Larrick | Chief Legal and Admin Officer | 83,925 | 0.08% | Aug 17, 2026 |
| Dilanka Seimon | Chief Commercial Officer | 56,013 | 0.05% | Jul 1, 2026 |
| Barry S. Turcotte | Chief Accounting Officer | 22,663 | 0.02% | Jul 1, 2026 |
| Ethan Ngo | Chf Corporate Dev Officer | 123,717 | 0.12% | Jul 1, 2026 |
| Eric S. Jacobsen | President, Upstream | 227,843 | 0.22% | Jun 1, 2026 |
| Kristen Lee Busang | SVP, Human Resources | 18,798 | 0.02% | Mar 12, 2026 |
| Lauren Read | SVP, dCarbon Ventures | 89,099 | 0.09% | Mar 12, 2026 |
| Mary Rita Valois | Chief Information Officer | 30,293 | 0.03% | Mar 5, 2025 |
| Bradley A. Birkelo | Senior VP, Subsurface | 133,342 | 0.13% | Jan 3, 2025 |
| John T. Jimenez | Chief Financial Officer | 269,487 | 0.26% | Jan 3, 2025 |
| Matthew James Johnson | Mng Dir, BKV dCarbon Ventures | 203,910 | 0.20% | Jan 3, 2025 |
| Travis Lauer | Vice President of Operations | 10,583 | 0.01% | Jan 3, 2025 |
| Samid Hoda | VP Data and Innovation | 51,231 | 0.05% | Jan 3, 2025 |
| Simon Bowman | Senior Director Midstream | 3,030 | 0.00% | Jan 3, 2025 |
| Carla S. Mashinski | Director | 12,889 | 0.01% | Jun 12, 2026 |
| Sunit S. Patel | Director | 62,889 | 0.06% | Jun 12, 2026 |
| Charles C. Miller Iii | Director | 100,389 | 0.10% | Jun 12, 2026 |
| Joseph R. Davis | Director | 45,889 | 0.04% | Jun 12, 2026 |
| Kirana Limpaphayom | Director | 32,128 | 0.03% | Jun 12, 2026 |
| Bog Co., Ltd. | Director, 10% owner | – | – | Jan 30, 2026 |
| North America Corp. Banpu | Director, 10% owner | 63,877,614 | 62.45% | Jan 30, 2026 |
| Public Co Ltd Banpu | Director, 10% owner | 69,193,004 | 67.65% | Jan 30, 2026 |
| Anon Sirisaengtaksin | Director | 5,000 | 0.00% | Apr 18, 2025 |
| Power Public Co Ltd Banpu | – | – | – | Jan 30, 2026 |
| Power US Corp Banpu | – | 5,315,390 | 5.20% | Jan 30, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Javier Hinojosa Senior Vice President of Power | Sep 25, 2026 | Sale(10b5-1 plan) | −7,428 | $22.66 | $168.32K | 76,848 |
| David Tameron Chief Financial Officer | Aug 21, 2026 | Sale(10b5-1 plan) | −1,500 | $25.63 | $38.45K | 57,024 |
| Javier Hinojosa Senior Vice President of Power | Aug 21, 2026 | Sale(10b5-1 plan) | −12,377 | $25.73 | $318.46K | 84,276 |
| David Tameron Chief Financial Officer | Aug 20, 2026 | Sale(10b5-1 plan) | −4,321 | $26.56 | $114.77K | 58,524 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Aug 14, 2026 | Sale(10b5-1 plan) | −10,000 | $26.16 | $261.60K | 83,925 |
| Christopher P. Kalnin Chief Executive Officer, Director | Jun 30, 2026 | Award | +829 | $23.08 | $19.13K | 1,198,072 |
| Barry S. Turcotte Chief Accounting Officer | Jun 30, 2026 | Award | +655 | $23.08 | $15.12K | 22,663 |
| David Tameron Chief Financial Officer | Jun 30, 2026 | Award | +920 | $23.08 | $21.23K | 62,845 |
| Dilanka Seimon Chief Commercial Officer | Jun 30, 2026 | Award | +920 | $23.08 | $21.23K | 56,013 |
| Ethan Ngo Chf Corporate Dev Officer | Jun 30, 2026 | Award | +400 | $23.08 | $9.23K | 123,717 |
| Joseph R. Davis Director | Jun 11, 2026 | Award | +7,128 | – | – | 45,889 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Jun 11, 2026 | Other | −45,839 | – | – | 93,925 |
| Charles C. Miller Iii Director | Jun 11, 2026 | Award | +7,128 | – | – | 12,889 |
| Sunit S. Patel Director | Jun 11, 2026 | Award | +7,128 | – | – | 62,889 |
| Kirana Limpaphayom Director | Jun 11, 2026 | Award | +7,128 | – | – | 7,128 |
| Carla S. Mashinski Director | Jun 11, 2026 | Award | +7,128 | – | – | 12,889 |
| Eric S. Jacobsen President, Upstream | Jun 1, 2026 | Sale(10b5-1 plan) | −25,000 | $26.89 | $672.25K | 227,843 |
| Dilanka Seimon Chief Commercial Officer | May 14, 2026 | Tax withholding | −2,152 | $27.76 | $59.74K | 55,093 |
| Javier Hinojosa Senior Vice President of Power | May 12, 2026 | Award | +9,887 | – | – | 96,653 |
| Eric S. Jacobsen President, Upstream | May 1, 2026 | Sale(10b5-1 plan) | −25,000 | $30.96 | $774.00K | 252,843 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Apr 29, 2026 | Other | −13,549 | – | – | 139,764 |
| David Tameron Chief Financial Officer | Mar 27, 2026 | Sale(10b5-1 plan) | −7,300 | $29.71 | $216.88K | 61,925 |
| Christopher P. Kalnin Chief Executive Officer, Director | Mar 25, 2026 | Sale(10b5-1 plan) | −100,000 | $30.06 | $3.01M | 1,197,243 |
| Dilanka Seimon Chief Commercial Officer | Mar 10, 2026 | Award | +20,732 | – | – | 57,245 |
| Christopher P. Kalnin Chief Executive Officer, Director | Mar 10, 2026 | Award | +62,197 | – | – | 1,297,243 |
| Lauren Read SVP, dCarbon Ventures | Mar 10, 2026 | Award | +9,675 | – | – | 89,099 |
| David Tameron Chief Financial Officer | Mar 10, 2026 | Award | +30,407 | – | – | 69,225 |
| Barry S. Turcotte Chief Accounting Officer | Mar 10, 2026 | Award | +6,910 | – | – | 22,008 |
| Eric S. Jacobsen President, Upstream | Mar 10, 2026 | Award | +27,643 | – | – | 277,843 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Mar 10, 2026 | Award | +23,496 | – | – | 153,313 |
| Ethan Ngo Chf Corporate Dev Officer | Mar 10, 2026 | Award | +15,203 | – | – | 123,317 |
| Kristen Lee Busang SVP, Human Resources | Mar 10, 2026 | Award | +9,675 | – | – | 18,798 |
| Christopher P. Kalnin Chief Executive Officer, Director | Mar 3, 2026 | Tax withholding | −8,048 | $31.27 | $251.66K | 1,235,046 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Mar 3, 2026 | Tax withholding | −3,751 | $31.27 | $117.29K | 129,817 |
| Lauren Read SVP, dCarbon Ventures | Mar 3, 2026 | Tax withholding | −711 | $31.27 | $22.23K | 79,424 |
| Eric S. Jacobsen President, Upstream | Mar 3, 2026 | Tax withholding | −3,952 | $31.27 | $123.58K | 250,200 |
| Ethan Ngo Chf Corporate Dev Officer | Mar 3, 2026 | Tax withholding | −2,174 | $31.27 | $67.98K | 108,114 |
| Barry S. Turcotte Chief Accounting Officer | Mar 3, 2026 | Tax withholding | −1,105 | $31.27 | $34.55K | 15,098 |
| David Tameron Chief Financial Officer | Mar 3, 2026 | Tax withholding | −3,174 | $31.27 | $99.25K | 38,818 |
| Kristen Lee Busang SVP, Human Resources | Mar 3, 2026 | Tax withholding | −1,186 | $31.27 | $37.09K | 9,123 |
| Public Co Ltd Banpu Director, 10% owner | Jan 30, 2026 | Other | +5,315,390 | – | – | 69,193,004 |
| Christopher P. Kalnin Chief Executive Officer, Director | Jan 2, 2026 | Award | +1,125 | $18.88 | $21.24K | 1,249,705 |
| Lauren Read SVP, dCarbon Ventures | Jan 2, 2026 | Award | +171 | $18.88 | $3.23K | 80,838 |
| Barry S. Turcotte Chief Accounting Officer | Jan 2, 2026 | Award | +762 | $18.88 | $14.39K | 16,970 |
| Ethan Ngo Chf Corporate Dev Officer | Jan 2, 2026 | Award | +97 | $18.88 | $1.83K | 112,772 |
| Ethan Ngo Chf Corporate Dev Officer | Jan 1, 2026 | Tax withholding | −2,484 | $27.15 | $67.44K | 110,288 |
| Lauren Read SVP, dCarbon Ventures | Jan 1, 2026 | Tax withholding | −703 | $27.15 | $19.09K | 80,135 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Jan 1, 2026 | Tax withholding | −3,586 | $27.15 | $97.36K | 133,568 |
| Eric S. Jacobsen President, Upstream | Jan 1, 2026 | Tax withholding | −3,751 | $27.15 | $101.84K | 254,152 |
| Barry S. Turcotte Chief Accounting Officer | Jan 1, 2026 | Tax withholding | −767 | $27.15 | $20.82K | 16,203 |
| Christopher P. Kalnin Chief Executive Officer, Director | Jan 1, 2026 | Tax withholding | −6,611 | $27.15 | $179.49K | 1,243,094 |
| David Tameron Chief Financial Officer | Jan 1, 2026 | Tax withholding | −1,278 | $27.15 | $34.70K | 41,992 |
| Christopher P. Kalnin Chief Executive Officer, Director | Nov 17, 2025 | Sale(10b5-1 plan) | −78,281 | $28.04 | $2.19M | 1,248,580 |
| Christopher P. Kalnin Chief Executive Officer, Director | Nov 14, 2025 | Sale(10b5-1 plan) | −21,719 | $28.00 | $608.13K | 1,326,861 |
| Christopher P. Kalnin Chief Executive Officer, Director | Nov 11, 2025 | Sale(10b5-1 plan) | −100,000 | $27.13 | $2.71M | 1,348,580 |
| Christopher P. Kalnin Chief Executive Officer, Director | Nov 10, 2025 | Sale(10b5-1 plan) | −100,000 | $26.16 | $2.62M | 1,448,580 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Nov 6, 2025 | Sale(10b5-1 plan) | −6,518 | $25.00 | $162.95K | 137,154 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Nov 5, 2025 | Sale(10b5-1 plan) | −22,669 | $25.00 | $566.73K | 143,672 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Nov 3, 2025 | Sale(10b5-1 plan) | −10,000 | $23.37 | $233.70K | 166,341 |
| Lindsay B. Larrick Chief Legal and Admin Officer | Oct 1, 2025 | Sale(10b5-1 plan) | −225 | $23.72 | $5.34K | 176,341 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Javier Hinojosa Officer | Aug 21, 2026 | 24,757 | $636.98K | Aug 21, 2026 | RSU / PSU |
| David Tameron Officer | Aug 20, 2026 | 5,821 | $154.61K | Aug 20, 2026 | Restricted Stock Lapse |
| Lindsay B. Larrick Officer | Aug 14, 2026 | 45,839 | $1.20M | Aug 14, 2026 | RSU / PSU |
| Eric S. Jacobsen Officer | May 1, 2026 | 50,000 | $1.55M | May 1, 2026 | PSU / RSU - See Remarks |
| David Tameron Officer | Mar 27, 2026 | 7,300 | $216.92K | Mar 27, 2026 | Restricted Stock Lapse |
| Christopher P. Kalnin Officer, Director | Mar 25, 2026 | 100,000 | $3.01M | Mar 25, 2026 | Restricted Stock Lapse |
| Christopher P. Kalnin Officer, Director | Nov 17, 2025 | 178,281 | $5.00M | Nov 17, 2025 | Restricted Stock Lapse - See Remarks |
| Christopher P. Kalnin Officer, Director | Nov 14, 2025 | 21,719 | $608.20K | Nov 14, 2025 | Restricted Stock Lapse |
| Christopher P. Kalnin Officer, Director | Nov 12, 2025 | 100,000 | $2.71M | Nov 11, 2025 | Restricted Stock Lapse |
| Christopher P. Kalnin Officer, Director | Nov 10, 2025 | 100,000 | $2.62M | Nov 10, 2025 | Restricted Stock Lapse |
| Lindsay B. Larrick Officer | Nov 6, 2025 | 6,518 | $162.95K | Nov 6, 2025 | Founders Shares |
| Lindsay B. Larrick Officer | Nov 5, 2025 | 22,669 | $566.74K | Nov 5, 2025 | Founders Shares |
| Lindsay B. Larrick Officer | Nov 3, 2025 | 10,000 | $233.70K | Nov 3, 2025 | Founders Shares |
| Lindsay B. Larrick Officer | Oct 1, 2025 | 15,000 | $347.82K | Oct 1, 2025 | RSU / PSU |
| Lindsay B. Larrick Officer | Sep 2, 2025 | 9,187 | $212.98K | Sep 2, 2025 | Founders Shares |