Welcome to our dedicated page for BKV news (Ticker: BKV), a resource for investors and traders seeking the latest updates and insights on BKV stock.
BKV Corp (BKV) is a vertically integrated energy company focused on natural gas production, midstream operations, and innovative carbon capture solutions. This page aggregates official announcements and material developments for investors tracking the company activities.
Access timely updates including earnings reports, operational milestones, and leadership insights. Our curated feed covers strategic partnerships, infrastructure expansions, and sustainability initiatives related to BKV's core business segments: natural gas production, gas processing/transportation, power generation, and CCUS technologies.
Key updates include quarterly financial results, asset acquisitions, environmental initiatives, and management commentary. Bookmark this page for consolidated access to press releases and third-party analysis vetted for relevance to BKV's operational footprint in the energy sector.
BKV (NYSE: BKV) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 operational and financial results before market opening on Friday, May 9, 2025.
Management will host a conference call at 10:00 a.m. ET on the same day to discuss the results. Participants can join via phone using the numbers (877) 407-0779 (US) or (201) 389-0914 (international). A webcast will be available on the company's investor relations website at ir.bkv.com.
The earnings call replay will be accessible for 60 days through the company's website or by phone using passcode 13752676.
BKV (NYSE: BKV) has appointed Dilanka Seimon as its first Chief Commercial Officer, effective immediately. In this newly created position, Seimon will focus on strengthening the company's commercial midstream, gas marketing, and new products teams, while leveraging its carbon capture, utilization and sequestration (CCUS) portfolio.
Seimon brings over 20 years of experience in the energy sector, having previously served as Executive Vice President and Chief Commercial Officer at EnLink Midstream (NYSE: ENLC). His prior roles include Vice President of Alternative Energy at Energy Transfer and Vice President Sales and Marketing at BHP.
The appointment aligns with BKV's strategy to enhance its position in upstream, midstream, carbon capture, and power market operations, with a focus on delivering sustainable energy and carbon-neutral natural gas production.
BKV reported its Q4 and full-year 2024 financial results. In Q4, the company achieved Adjusted Net Income of $0.8 million ($0.01 per share) and Adjusted EBITDAX of $71.9 million. Total net production reached 774.5 MMcfe/d, exceeding guidance.
For full-year 2024, BKV posted an Adjusted Net Loss of $39.5 million (-$0.55 per share) with Adjusted EBITDAX of $231.8 million. The company generated Adjusted Free Cash Flow of $91.6 million with a 14.9% margin. Notable operational achievements include total power generation of 7,360 GWh from Temple Plants and Barnett Zero's annual CO2 sequestration of 165,069 metric tons.
The company maintained strong financial health with net debt of $150.1 million and a net leverage ratio of 0.65x. Average realized natural gas price was $2.10/MMBtu in Q4 and $1.69/MMBtu for the full year, excluding hedges.
BKV (NYSE: BKV) has announced a strategic partnership to develop a new carbon capture and sequestration (CCS) facility at a natural gas plant in South Texas. The project, which reached final investment decision in December 2024, will involve BKV purchasing CO2 waste from the plant near Freer, which processes Eagle Ford Shale gas.
The facility is expected to be fully operational in Q1 2026, with a projected sequestration rate of 90,000 metric tons per year of CO2 equivalent. The Texas Railroad Commission has approved the project's Class II injection well, and a monitoring plan is awaiting EPA approval.
This project joins BKV's existing CCUS portfolio, including the operational Barnett Zero site and the upcoming Cotton Cove CCS project, supporting the company's goal of achieving net-zero emissions from its upstream and midstream operations.
BKV (NYSE: BKV) has announced it will release its fourth quarter and full year 2024 operational and financial results before markets open on Wednesday, February 26, 2025. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results.
Participants can join the conference call by dialing (877) 407-0779 (US) or (201) 389-0914 (international). To avoid delays, participants should dial in 15 minutes before the scheduled start time. A webcast link will be available on BKV's investor relations website. A replay will be accessible for 60 days after the call via the company's website or by dialing (844) 512-2921 (US) or (412) 317-6671 (international) using replay passcode 13751333.
BKV (NYSE: BKV) announced a leadership transition in its finance department. John T. Jimenez, who has served as Chief Financial Officer since 2021, will retire effective May 15, 2025. The company has appointed David Tameron as the new CFO, who will assume the role on April 1, 2025.
Tameron, currently serving as Vice President of Strategic Finance and Investor Relations, joined BKV in August 2022. He previously held positions at Wells Fargo, including Managing Director of Denver-based Corporate Banking and Institutional Equity Research.
During his tenure, Jimenez led BKV's finance team through significant transformations, including preparing the company for public trading and completing its successful IPO in September 2024. He will transition to a Senior Advisor role from April 1 to May 15, 2025, to ensure a smooth handover.
BKV reported its first earnings as a public company for Q3 2024, with net income of $12.9 million ($0.18 per diluted share) and Adjusted EBITDAX of $51.0 million. Total revenues were $173.1 million, down from $191.4 million in Q3 2023 due to lower natural gas prices and production volumes. The company achieved net cash from operations of $65.0 million and Adjusted Free Cash Flow of $19.6 million. Total net production was 762.6 MMcfe per day, with a de-levered balance sheet showing net debt of $158.7 million and a net leverage ratio of 0.8x.
BKV announced it will release its third quarter 2024 operational and financial results before markets open on Tuesday, November 12, 2024. The company will host a conference call at 10:00 a.m. ET the same day to discuss the results. Participants can join via phone at (877) 407-0779 (US) or (201) 389-0914 (international), with recommended dial-in 15 minutes early. A webcast will be available on BKV's investor relations website, along with a 60-day replay accessible through phone or website.
BKV (NYSE: BKV) has successfully closed its initial public offering (IPO) of 15,000,000 shares of common stock at $18.00 per share. The underwriters have a 30-day option to purchase an additional 2,250,000 shares at the IPO price. Trading of BKV shares began on the New York Stock Exchange on September 26, 2024, under the ticker symbol 'BKV'.
The IPO was led by Citigroup and Barclays as lead book-running managers, with Evercore ISI, Jefferies, and Mizuho acting as joint book-running managers. Several other firms, including KeyBanc Capital Markets and Truist Securities, served as senior co-managers and co-managers for the offering.
BKV has announced the pricing of its initial public offering (IPO) of 15,000,000 shares of common stock at $18.00 per share. The underwriters have a 30-day option to purchase an additional 2,250,000 shares at the IPO price. Trading will begin on the New York Stock Exchange on September 26, 2024, under the ticker symbol 'BKV'. The offering is expected to close on September 27, 2024.
Citigroup and Barclays are acting as lead book-running managers, with Evercore ISI, Jefferies, and Mizuho as joint book-running managers. Several other firms are serving as senior co-managers and co-managers for the offering. The IPO is being made through a prospectus, which will be available through the underwriters and the SEC website.
