BKV Corporation (BKV) Stock Price & Analysis
BKV Corporation (BKV) closed at USD 21.17 on Wednesday, October 28, 2026, down 0.94% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 21.17; the Oct 28, 2026 session ranged USD 21.05–21.62 on volume of 1,180,556 shares. Market capitalization is —, with a 52-week range of USD 20.03–32.81 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 07:20 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BKV.md
Key facts (BKV)
- Last four reported quarters (through Jun 30, 2026): revenue $1.40B, net income $273M (19.5% margin), free cash flow -$18.0M (SEC filings).
- 1 of 80 tracked superinvestors hold BKV (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $2.5M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -7.8% vs S&P 500 +13.6%; 5Y +17.3% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.41, revenue estimate $286M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BKV)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $1.66B | $1.30B | $1.04B | $1.14B | $1.40B |
| Operating income | $305M | $241M | -$64.2M | $304M | $477M |
| Net income | $410M | $124M | -$139M | $179M | $273M |
| EPS (diluted) | $6.62 | $1.92 | -$1.94 | $2.05 | — |
| Free cash flow | — | $58.8M | $10.0M | -$24.7M | -$18.0M |
| Operating margin | 18.3% | 18.5% | -6.2% | 26.6% | 34.0% |
| Net margin | 24.7% | 9.5% | -13.4% | 15.7% | 19.5% |
| Revenue growth | — | -21.5% | -20.4% | +9.9% | — |
| Cash + short-term investments | $166M | $105M | $81.2M | $248M | — |
| Total debt | — | $579M | $859M | $1.14B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BKV)
P/E at fiscal year-ends: Dec 2025 13.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (BKV)
1 of 80 tracked investors hold BKV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Einhorn | Greenlight Capital | 2.17% | $84.7M | Added +14.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (BKV)
8 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-23 | Hinojosa Javier | Senior Vice President of Power | 4,952 | $104K | 6.4% | Yes (adopted May 15, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-25 | Hinojosa Javier | Senior Vice President of Power | 7,428 | $168K | 8.8% | Yes (adopted May 15, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-21 | Tameron David | Chief Financial Officer | 1,500 | $38K | 2.5% | Yes (adopted May 15, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-21 | Hinojosa Javier | Senior Vice President of Power | 12,377 | $318K | 12.8% | Yes (adopted May 15, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-20 | Tameron David | Chief Financial Officer | 4,321 | $115K | 6.8% | Yes (adopted May 15, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-14 | Larrick Lindsay B | Chief Legal and Admin Officer | 10,000 | $262K | 10.6% | Yes (adopted May 12, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-01 | Jacobsen Eric S | President, Upstream | 25,000 | $672K | 9.9% | Yes (adopted November 11, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-01 | Jacobsen Eric S | President, Upstream | 25,000 | $774K | 9% | Yes (adopted November 11, 2025) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BKV)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Truist Securities | Target raised | Buy | $33 → $34 |
| 2026-09-18 | Evercore ISI Group | Target lowered | Outperform | $33 → $32 |
| 2026-09-16 | Barclays | Target raised | Overweight | $35 → $36 |
| 2026-09-15 | Barclays | Target lowered | Overweight | $36 → $35 |
| 2026-08-11 | Barclays | Target raised | Overweight | $35 → $36 |
| 2026-08-10 | Truist Securities | Target lowered | Buy | $34 → $33 |
| 2026-07-21 | Susquehanna | Target lowered | Positive | $37 → $35 |
| 2026-07-10 | Truist Securities | Target lowered | Buy | $37 → $34 |
Total return (dividends reinvested) (BKV)
| 1Y (from 2025-10-29) | 5Y (from 2024-09-23) | |
|---|---|---|
| Total return | -7.8% | +17.3% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -7.9% | +7.9% |
| Volatility (annualized) | 42.3% | 44.5% |
| Max drawdown | -36.7% (May 2026→Oct 2026) | -37.6% (Jan 2025→Apr 2025) |
BKV earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.46 | $0.24 | Beat +91.7% | — |
| — | Quarter ended Mar 31, 2026 | $0.22 | $0.37 | Miss −40.5% | — |
| — | Quarter ended Dec 31, 2025 | $0.29 | $0.29 | In line | — |
| — | Quarter ended Sep 30, 2025 | $0.50 | $0.21 | Beat +138.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
BKV recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 7, 2026 | 8-K | Entered a material agreement; Regulation FD disclosure “On October 2, 2026, a wholly owned subsidiary of BKV Corporation ("BKV" or the "Company") entered into an equipment supply contract (the "Supply Contract") with a Tier 1 supplier (the "Supplier") for the purchase of power generation equipment, including two turbines, certain balance of plant equipment and related services (collectively, the "Equipment"), for the Company's prospective power generation project in Texas. Under the Supply Contract, the Supplier will supply and deliver the Equipment between September…” |
| Sep 25, 2026 | 8-K | Director or executive officer change, or pay arrangement “On September 24, 2026, the Board of Directors (the "Board") of BKV Corporation (the "Company") adopted the BKV Corporation Executive Severance Plan (the "Severance Plan") based on the recommendation of the Compensation Committee of the Board. The Severance Plan provides for severance benefits to participants who experience a "qualifying termination," which includes termination of employment by the Company without "cause" (other than due to death or disability) or by the participant for "good reason" (as such terms…” |
| Sep 14, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation; Unregistered sale of shares “Indenture and Notes On September 14, 2026, BKV Corporation ("BKV" or the "Company") issued $575,000,000 aggregate principal amount of its 1.625% Convertible Senior Notes due 2031 (the "Notes") pursuant to an indenture (the "Indenture"), dated as of September 14, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). Pursuant to the purchase agreement between the Company and the representative of the initial purchasers of the Notes (collectively, the "Initial…” |
| Sep 10, 2026 | 8-K | Other material event “On September 9, 2026, BKV Corporation (the "Company") issued a press release announcing its proposed offering of $400 million aggregate principal amount of its 1.625% convertible senior notes due 2031 (the "Notes") pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). A copy of the press release announcing the offering of the Notes is attached hereto as Exhibit 99.1 and incorporated by reference herein. On September 9, 2026, the Company issued a press release announcing the…” |
| Aug 19, 2026 | 10-K/A | Annual report · period ended Dec 31, 2025 |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 6, 2026 | 8-K/A | Quarterly results; Regulation FD disclosure |
| Aug 6, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
BKV revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Natural gas, NGL, and oil sales | $221.9M | 68.8% | +11.1% |
| — Natural gas (part of Natural gas, NGL, and oil sales) | $156.1M | 48.4% | +0.3% |
| — NGLs (part of Natural gas, NGL, and oil sales) | $61.0M | 18.9% | +46.4% |
| — Oil (part of Natural gas, NGL, and oil sales) | $4.9M | 1.5% | +91.8% |
| BKV-BPP Power, LLC | $74.4M | 23.1% | +20.1% |
| Power Revenues | $74.4M | 23.1% | +20.1% |
| Merchant energy sales and other | $70.8M | 22.0% | +27.1% |
| Energy retail sales | $40.6M | 12.6% | +4.3% |
| Marketing revenues | $26.2M | 8.1% | +275.5% |
| Section45 Q Tax Credits | $3.0M | 0.9% | +18.4% |
| Solar revenue | $111,000 | 0.0% | +3.7% |
| Total revenue | $322.5M | 100% | — |
BKV revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Texas | $306.5M | 95.0% | +20.8% |
| Pennsylvania | $16.0M | 5.0% | +6.4% |
| Total revenue | $322.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BKV suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | BKV-BPP Power | “"BKV-BPP Power" or "BKV-BPP Power Joint Venture" refers to BKV-BPP Power LLC, a Delaware limited liability company and the joint venture between BKV Corporation and BPPUS, in which we owned a 50% interest as of December 31, 2025.” |
| Partner | BKV-BPP Cotton Cove | “"BKV-BPP Cotton Cove" or "BKV-BPP Cotton Cove Joint Venture" refers to BKV-BPP Cotton Cove, LLC, a Delaware limited liability company and the joint venture between BKV dCarbon Ventures and BPPUS, in which we own an indirect 51% interest.” |
| Partner | BKV-CIP | “"BKV-CIP Joint Venture" refers to BKV dCarbon Project, LLC, a Delaware limited liability company and the joint venture between BKV dCarbon Ventures and C Squared Solutions, Inc., in which we currently own a 51% interest.” |
| Partner | Project | “"BKV-CIP Joint Venture" refers to BKV dCarbon Project, LLC, a Delaware limited liability company and the joint venture between BKV dCarbon Ventures and C Squared Solutions, Inc., in which we currently own a 51% interest.” |
| Partner | Ford (F) | “On May 8, 2025, BKV dCarbon Ventures contributed to the BKV-CIP Joint Venture $40.3 million of CCUS assets that included BKV dCarbon Barnett Zero, LLC and BKV dCarbon Las Tiendas, LLC and related assets (including the Barnett Zero and Eagle Ford CCUS projects), and $4.1 million of Section 45Q accrued receivables at carrying value, and committed to future contributions of certain CCUS projects, related assets, and/…” |
| Partner | Barnett Zero | “As discussed in "— Carbon Capture, Utilization and Sequestration," above, we are currently operating the Barnett Zero Project owned by the BKV-CIP Joint Venture and have identified additional potential CCUS projects that we believe are commercially viable and estimate would have a combined forecasted annual volume of carbon capture and sequestration of approximately 19.0 Mtpy CO2 during the early 2030s, which repr…” |
| Partner | Banpu Public Company | “Because we are controlled and significantly influenced by Banpu, we may not have the leverage to negotiate amendments to the arrangements governing the BKV-BPP Power Joint Venture or BKV-BPP Cotton Cove Joint Venture (if any are required) on terms as favorable to us as those we would negotiate with an unaffiliated third party.” |
| Partner | Ventures and C Squared Solutions | “"BKV-CIP Joint Venture" refers to BKV dCarbon Project, LLC, a Delaware limited liability company and the joint venture between BKV dCarbon Ventures and C Squared Solutions, Inc., in which we currently own a 51% interest.” |
| Partner | ExxonMobil (XOM) | “"Term Loan Credit Agreement" refers to a credit agreement with a syndicate of banks and Bangkok Bank Public Company Limited (New York Branch), as the administrative agent, which included $600.0 million of commitments for term loans used to solely to fund a portion of the purchase price for the Exxon Barnett Acquisition.” |
| Partner | Amended and Restated | “In accordance with the terms of the Amended and Restated Limited Liability Company Agreement of the BKV-BPP Power Joint Venture (the "BKV-BPP Power LLC Agreement"), which we entered into with BPPUS at the closing of the BKV-BPP Power Joint Venture Transaction, the BKV-BPP Power Joint Venture is managed by a board of managers (the "BKV-BPP Power Board"), which consists of twelve members, nine of whom are appointed …” |
| Partner | Bedrock Energy Partners | “In connection with the closing of the Bedrock Acquisition, we entered into a Registration Rights Agreement with Bedrock Energy Partners, LLC ("Bedrock Energy Partners"), pursuant to which we agreed to, among other things, provide” |
Quoted from the company's 10-K filed Mar 6, 2026.
BKV customer concentration
In the period ended Jun 30, 2026, 3 direct customers each accounted for at least 10% (31%, 14%, 10%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
BKV analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.41 | $0.63 | -35.7% | $286.3M | 5 |
| Next quarter (ends Dec 2026) | $0.41 | $0.37 | +11.2% | $308.0M | 4 |
| Current fiscal year (ends Dec 2026) | $1.55 | $1.54 | +0.7% | $1.49B | 5 |
| Next fiscal year (ends Dec 2027) | $2.14 | $1.98 | +8.4% | $1.25B | 5 |
Key Statistics (as of October 29, 2026 at 07:20 UTC)
| Price | USD 21.17 |
|---|---|
| Change | ▼ 0.94% (down) |
| Previous Close | USD 21.17 |
| Open | USD 21.17 |
| Day Range | USD 21.05 – 21.62 |
| 52-Week Range | USD 20.03 – 32.81 |
| Volume | 1,180,556 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (BKV)
Nexqual's technical model rates BKV "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 07:20 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 38.78 (neutral) |
| vs SMA50 | Below (USD 23.36) |
| MACD | -0.62 (negative) |
Earnings (BKV)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.41 |
| Revenue Estimate | $286.26M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.46 vs est 0.24 ▲ beat |
| 2026-03-31 | USD 0.22 vs est 0.37 ▼ miss |
| 2025-12-31 | USD 0.29 vs est 0.29 ▼ miss |
| 2025-09-30 | USD 0.5 vs est 0.21 ▲ beat |
Source: Nexqual, October 29, 2026 at 07:20 UTC.
Financials & Fundamentals (BKV)
| Total Revenue | $1.05B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +18.80% |
| Gross Margin | +54.04% |
| Operating Margin | +39.46% |
| Profit Margin | +25.45% |
| ROE | +14.05% |
| Debt / Equity | 0.53 |
| Current Ratio | 1.15 |
| Total Cash | $152.19M |
| Total Debt | $1.26B |
Source: Nexqual, October 29, 2026 at 07:20 UTC.
Ownership (BKV)
| Insider Ownership | +66.17% |
|---|---|
| Institutional Ownership | +43.20% |
| Shares Outstanding | 109.44M |
| Float | 31.57M |
| Short % of Float | +23.71% |
Source: Nexqual, October 29, 2026 at 07:20 UTC.
From BKV Corporation's Latest SEC 10-K Filing (filed 2026-03-06)
Key Strengths & Strategy (as disclosed to the SEC)
- By combining our reserves into a growing asset base with vertically integrated components, we believe we can enhance margins and create a "closed-loop" emissions reduction strategy that reduces Scope 1 and 2 emissions from our owned and operated upstream and natural gas midstream businesses and captures margin across the value chain.
- Our strategy is to create value for our stockholders by managing and growing our integrated asset base and focusing on our net zero objectives.
- We believe our business model, management team experience, and application of technology enable us to quickly and efficiently integrate additional upstream, midstream, power, and CCUS assets into our business.
- We seek to apply our integrated business model, CCUS projects, and carbon-negative initiatives to realize Scope 1 and 2 net zero emissions from our owned and operated upstream and natural gas midstream businesses during the early 2030s.
Partnerships
- We have an agreement with a third party to establish the blockchain ledger and tokens; however, this process is dependent upon the development of the necessary technology by such third party.
- In August 2025, BKV entered into a deal with Gunvor Group, Ltd. ("Gunvor"), a leading commodities trader for Carbon Sequestered Gas.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to complex federal, state, local and other laws and regulations that could adversely affect the cost, manner, or feasibility of conducting our operations.
- Climate change could have an effect on the severity of weather (including hurricanes, droughts, floods, and freezes), sea levels, the arability of farmland, changes in temperature and other meteorological patterns, and water availability and quality.
- Regulatory action may cause us to shut in or curtail production.
- Our rate of production and access to transportation and storage options may also be affected by U.S. federal and state regulation of oil and natural gas production.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BSM | Black Stone Minerals, L.P. | USD 14.86 | ▲ 0.41% |
| BTE | Baytex Energy Corp | USD 5.46 | ▲ 0.74% |
| CRK | Comstock Resources, Inc. | USD 14.87 | ▼ 0.2% |
| CRC | California Resources Corporatio | USD 54.72 | ▲ 1.13% |
| CRGY | Crescent Energy Company | USD 13.75 | ▲ 0.44% |
| CNX | CNX Resources Corporation | USD 38.05 | ▼ 1.37% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:20 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt