BKV Corp. Stock Price, News & Analysis

BKV Corporation (NYSE: BKV) has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP) to expand its carbon capture, utilization and sequestration (CCUS) portfolio. CIP will invest $500 million for up to 49% interest in the JV, while BKV maintains 51% ownership and operational control.

The JV incorporates BKV's existing Barnett Zero and Eagle Ford projects. The Barnett Zero Project has already sequestered over 200,000 tons of CO2 equivalent since November 2023, while the Eagle Ford Project is expected to begin injection in H1 2026. BKV will serve as the operator for all JV CCUS projects, combining its technical expertise with CIP's infrastructure development experience.

BKV (NYSE: BKV) has announced its 2025 Annual Meeting of Stockholders, scheduled for Thursday, June 19, 2025, at 9:00 a.m. CDT. The meeting will be held at Ridglea Country Club Ballroom in Fort Worth, Texas, with a simultaneous virtual broadcast option available at virtualshareholdermeeting.com/BKV2025.

Stockholders of record as of April 21, 2025, will be eligible to attend, vote, and participate in the Q&A session, either in person or virtually. Virtual participants will need their 16-digit control number from their proxy materials to vote and ask questions. While guests without control numbers can attend the virtual meeting, they won't have voting or question privileges.

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.