BKV (NYSE:BKV) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

BKV (NYSE:BKV) released its earnings results on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08), FiscalAI reports. The firm had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. BKV had a net margin of 5.67% and a return on equity of 6.91%.

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

• BKV delivered a strong 2025 — adjusted EBITDA $390 million for the year, adjusted net income $122 million, generated positive free cash flow after CapEx, and finished with $199 million cash, $984 million total liquidity and a 0.9x net leverage.
• Upstream outperformed guidance with ~8% exit-to-exit organic production growth, peer-leading development costs (~$545/ft DNC), seamless integration of Bedrock adding >100 MMcfe/d and ~1 TCFE proved reserves, and ~6 TCFE 1P reserves (NYMEX NPV10 $3.1B).
• Carbon capture momentum accelerated — a partnership with Copenhagen Infrastructure Partners for up to $500 million, Barnett Zero injected >311,000 metric tons, and BKV raised its near-term target to 1.5 million tons/year by 2028 with project-level economics around $48/ton EBITDA.
• Power business now has a 75% stake in 1.5 GW Temple plants, will consolidate BKV-BPP Power from Q1 2026, is targeting long-term PPAs in 2026–early 2027, and guides BKV-BPP Power EBITDA of $135–$175 million for 2026.
• 2026 capital plan balances growth and discipline — total growth CapEx $410–$560 million (including ~$135 million strategic power), net capex midpoint ~$324 million, with management expecting full-year net CapEx funded within cash flow and hedges covering ~60% of upstream production at $3.85/MMBtu and ~40% of ERCOT generation via HRCOs.

BKV Trading Down 1.1%

BKV traded down $0.34 during trading on Wednesday, hitting $29.37. 429,909 shares of the company’s stock were exchanged, compared to its average volume of 666,306. BKV has a 1 year low of $15.00 and a 1 year high of $31.74. The stock has a 50 day moving average price of $28.14 and a 200 day moving average price of $25.30. The firm has a market cap of $2.85 billion, a P/E ratio of 57.08 and a beta of 1.60. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

BKV declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 18th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on BKV. KeyCorp restated an “overweight” rating and set a $34.00 price objective on shares of BKV in a report on Thursday, February 5th. Zacks Research lowered BKV from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. Roth Mkm reiterated a “buy” rating and set a $32.00 price objective on shares of BKV in a report on Thursday, February 5th. Finally, Susquehanna boosted their target price on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.86.

Institutional Trading of BKV

Several large investors have recently added to or reduced their stakes in BKV. Police & Firemen s Retirement System of New Jersey raised its position in BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares during the period. Cooper Creek Partners Management LLC raised its holdings in shares of BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after buying an additional 121,082 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 during the period.

About BKV

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.