BKV Corporation (BKV)

In December 2025, BKV announced a $100 million share repurchase program and completed a public offering of common stock. In November 2025, BKV reported Q3 2025 earnings, beating EPS estimates but missing revenue estimates, and an insider sold 22,669 shares. In October 2025, the stock surged 19% due to strong business performance and a natural gas price rally. In September 2025, BKV released its 2024 Sustainability Report. In August 2025, BKV acquired assets from Bedrock Production LLC to expand its natural gas inventory and reported Q2 2025 financial results with upstream production exceeding guidance. In July 2025, BKV announced an expanded strategic partnership for a new carbon capture and sequestration (CCS) project in East Texas.

Demand for BKV Corp.'s natural gas is subject to typical seasonality, increasing during colder months for heating and hotter months for electricity generation. The summer of 2025 was marked by typical seasonality for natural gas. BKV anticipates a significant ramp in Gulf Coast natural gas demand due to new LNG facilities coming online in the second half of 2025 and throughout 2026. The adoption of AI technologies and the expansion of the data center sector are also expected to drive long-term demand trends in the ERCOT market, benefiting BKV's power generation business.

BKV Corporation, established in 2015 and headquartered in Denver, Colorado, focuses on natural gas production from its upstream assets. It operates in the Energy Minerals sector, specifically within the Integrated Oil and Gas Production industry. BKV's business is diversified across natural gas production, midstream operations (gathering, processing, and transportation), power generation, and carbon capture, utilization, and sequestration (CCUS). The company also produces natural gas liquids (NGLs) and generates power through a 50% ownership in the BKV-BPP Power Joint Venture, utilizing combined-cycle gas and steam turbine power plants in Temple, Texas, to serve the ERCOT market.

BKV Corporation's natural gas production is primarily located in the Barnett Shale in the Fort Worth Basin of Texas and the Marcellus Shale in the Appalachian Basin of Northeastern Pennsylvania. In the Barnett Shale, BKV holds approximately 160,000 net acres with over 2,100 wells. In the Marcellus Shale, the company has approximately 37,000 net acres with 414 producing wells. Additionally, its power generation assets, the Temple I and Temple II Power Plants, are situated in Temple, Texas.

BKV Corporation maintains a positive brand reputation, particularly in its commitment to sustainability and low-carbon energy solutions. The company released its 2024 Sustainability Report in September 2025, detailing its progress towards Net-Zero emissions and highlighting an "A" ESG Rating from MSCI. BKV has been actively expanding its carbon capture and sequestration (CCUS) business, demonstrating a commitment to decarbonization. BKV's strategy of integrating natural gas production, CCUS, and power generation is seen as a "winning formula" that resonates with market demand for decarbonized energy. BKV announced its path to net-zero emissions across Scope 1 and 2 by 2025 in its inaugural sustainability report, showcasing its commitment to producing low-impact, sustainable natural gas.

Banpu Public Co. Ltd. owns approximately 71.0% of BKV Corporation. Institutional investors hold about 17.0% of the shares, while individuals hold around 4.3%. Major institutional owners include Goldman Sachs Group Inc., Boston Partners, BlackRock, Inc., Vanguard Group Inc., William Blair Investment Management, Llc., HITE Hedge Asset Management LLC, Merewether Investment Management, LP, Aventail Capital Group, LP, State Street Corp., and Geode Capital Management LLC. Christopher P. Kalnin is the largest individual shareholder, owning 2.36% of the company's shares.