Every 8-K that BKV Corporation (BKV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BKV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BKV filings page.
BKV Corporation adopted its Executive Severance Plan effective September 24, 2026. Initial participants include the company’s named executive officers. A qualifying termination includes termination by the company without “cause” (other than due to death or disability) or by a participant for “good reason,” as defined in the plan.
The plan separately addresses qualifying terminations during and outside the two-year period following a Change in Control. Benefits require timely execution and delivery, and non-revocation, of a separation agreement containing a waiver and release of claims, plus continued compliance with applicable non-competition, non-solicitation, confidentiality and non-disparagement covenants.
BKV Corp (BKV) issued $575 million aggregate principal amount of 1.625% Convertible Senior Notes due 2031 on September 14, 2026 under an indenture with U.S. Bank Trust Company, National Association as trustee. This total includes $75 million issued upon full exercise of the initial purchasers’ option.
The Notes mature on October 15, 2031, bear interest at 1.625% per year payable semi-annually, and are initially convertible at 31.3161 shares per $1,000 principal, implying a conversion price of about $31.93 per share, subject to customary adjustments and potential increases upon certain Make-Whole Fundamental Changes. Prior to July 15, 2031, conversion is permitted only upon specified events; afterward, holders may convert at any time until shortly before maturity.
BKV reports net proceeds of approximately $554.7 million, using about $64.7 million to enter into Capped Call Transactions and about $35.0 million to repurchase 1,452,282 shares of common stock at $24.10 per share in connection with the offering, with the remainder intended for general corporate purposes, including repayment of indebtedness and capital expenditures. The capped calls, with an initial cap price of $48.20 per share (a 100% premium to the September 9, 2026 last sale price), are designed to reduce potential dilution or cash outlay upon conversion, though above the cap price dilution or unhedged cash exposure may still occur.
BKV Corp (BKV) is issuing an upsized private offering of $500 million aggregate principal amount of 1.625% convertible senior notes due October 15, 2031, sold to Qualified Institutional Buyers under Rule 144A, with an option for initial purchasers to buy an additional $75 million of notes.
The notes are senior unsecured obligations, pay 1.625% interest semi-annually, and are initially convertible at 31.3161 shares per $1,000 principal, implying a conversion price of about $31.93 per share, a 32.5% premium to the $24.10 share price on September 9, 2026.
BKV estimates net proceeds of about $481.8 million (or $554.7 million if the option is fully exercised), plans to spend roughly $56.3 million on capped call transactions and $35.0 million to repurchase 1,452,282 shares, and use the remainder for general corporate purposes including debt repayment and capital expenditures.
BKV Corporation reported Q2 2026 results with net income attributable to BKV of $75.8 million ($0.67 diluted EPS) and Adjusted Net Income of $50.7 million ($0.46 diluted Adjusted EPS). Adjusted EBITDAX attributable to BKV was $142.0 million, while net cash provided by operating activities was $109.7 million and Adjusted Free Cash Flow before Power Growth attributable to BKV was $40.0 million.
Average net production reached 978.3 MMcfe/d and total power generation from the Temple plants was 2,222 GWh. Management highlighted strong upstream execution, including an Upper Barnett well that reduced the expected breakeven price from $3.75/MMBtu to $3.25/MMBtu. CCUS operations sequestered approximately 35,900 metric tons of CO₂ in the quarter, and Cotton Cove and Eagle Ford CCUS projects began commercial operations, while Barnett Zero reached about 375,800 metric tons cumulatively since 2023.
As of June 30, 2026, BKV had $836.7 million of total liquidity, including $152.2 million of cash and $684.5 million of RBL capacity, against total debt of $1.3 billion, resulting in a Net Leverage Ratio of 1.78x. The company updated Q3 and full-year 2026 capital, production, cost and power Adjusted EBITDAX guidance, and an amendment also corrects a prior EDGAR exhibit submission error without changing these results.
BKV Corporation reported solid second-quarter 2026 results with net income attributable to BKV of $75.8 million ($0.67 per diluted share) and Adjusted Net Income of $50.7 million ($0.46 per diluted share). Adjusted EBITDAX attributable to BKV was $142.0 million, up from $96.5 million a year earlier. Net cash provided by operating activities was $109.7 million, and Adjusted Free Cash Flow before Power Growth attributable to BKV reached $40.0 million. As of June 30, 2026, BKV reported total liquidity of $836.7 million, a Net Leverage Ratio of 1.78x, and total debt of $1.3 billion.
Operationally, average net production was 978.3 MMcfe/d, above prior-year levels, while the Temple power plants generated 2,222 GWh amid strong ERCOT demand but lower-than-expected power prices, leading to a power segment net loss. BKV expanded its carbon capture footprint, commencing commercial operations at the Cotton Cove and Eagle Ford CCUS projects, which together are expected to sequester more than 120,000 metric tons of CO₂ annually. For 2026, the company guides to $690–$875 million in total capital expenditures, net production of 940–960 MMcfe/d, and Power Adjusted EBITDAX of $135–$175 million, reflecting continued investment in power and CCUS growth.
BKV Corporation reported results of its Annual Meeting of Stockholders held on June 11, 2026. Stockholders elected four Class II directors—Akaraphong Dayananda, Thiti Mekavichai, Sunit S. Patel, and Carla Mashinski—to serve until the 2029 annual meeting.
Support levels ranged from 79,807,723 to 87,200,798 votes for the nominees, with broker non-votes of 1,887,264 on each director proposal. Stockholders also approved the ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 93,842,120 votes for, 29,011 against, and 83,982 abstentions.
BKV Corporation filed a Form 8-K describing a Sixth Amendment to its reserve-based lending credit agreement. On May 20, 2026, BKV, its subsidiary BKV Upstream Midstream, LLC, and certain of that subsidiary’s guarantor affiliates entered into this amendment with Citibank, N.A. as administrative agent and the participating lenders.
The amendment modifies the existing reserve-based lending agreement originally dated June 11, 2024, under which BKV Upstream Midstream is the borrower and BKV is a guarantor. Detailed terms of the changes are contained in the full Sixth Amendment, which is filed as Exhibit 10.1 and incorporated by reference.
BKV Corporation reported a return to profitability in the first quarter of 2026 while accelerating investment in power and carbon capture. Net income attributable to BKV was $44.1 million, or $0.42 per diluted share, compared with a loss a year earlier. Adjusted Net Income was $22.4 million and Adjusted EBITDAX attributable to BKV was $112.0 million, modestly above the prior year.
The company generated $72.0 million of cash from operating activities and Adjusted Free Cash Flow before Power Growth attributable to BKV of $20.0 million. Net production averaged 925.0 MMcfe/d, and the Power JV’s Temple plants produced 1,981 GWh, aided by Winter Storm Fern. BKV closed the acquisition of an additional 25% interest in its Power JV, increasing its stake to 75%, and completed an underwritten equity offering of about 7.0 million shares for net proceeds of $186.2 million.
CCUS projects advanced with Barnett Zero sequestering about 35,800 metric tons of CO₂ in the quarter and the Cotton Cove project achieving initial injection. Liquidity stood at $973.5 million, including $288.5 million of cash and $685.0 million of available RBL capacity, against total debt of about $1.3 billion and a Net Leverage Ratio of 2.02x.
BKV Corporation completed an underwritten public offering of its common stock involving both new and existing shares. The company sold 5,550,000 primary shares at $26.58 per share, while selling stockholder Bedrock Energy Partners, LLC sold 4,142,089 secondary shares at the same price.
The underwriter, RBC Capital Markets, LLC, also fully exercised a 30-day option to purchase up to an additional 1,453,813 shares. After underwriting discounts, commissions and expenses, BKV received approximately $185.2 million in net proceeds, which it plans to use for general corporate purposes, including working capital, operating expenses and capital expenditures. The company did not receive any proceeds from the selling stockholder’s share sale.
BKV Corporation is conducting an underwritten public offering of 9,692,089 shares of common stock, generating estimated gross proceeds of about $261.7 million before expenses. Of these shares, 5,550,000 are being sold by the Company and 4,142,089 by Bedrock Energy Partners, LLC as the selling stockholder.
BKV has also granted the underwriter a 30-day option to buy up to an additional 1,453,813 shares on the same terms. The Company plans to use its net proceeds for general corporate purposes, including working capital, operating expenses and capital expenditures, while it will not receive proceeds from shares sold by the selling stockholder.
BKV Corporation reported a strong turnaround for 2025, moving from a prior-year loss to net income of $173.1 million, or $1.98 per diluted share. Total 2025 revenues and other operating income reached $1.0 billion, while Adjusted Net Income was $121.6 million and Combined Adjusted EBITDAX attributable to BKV was $390.0 million.
The company grew average net production to 835.5 MMcfe/d and expanded total proved reserves to 5,921 Bcfe at SEC pricing, an 89% increase driven by higher prices, drilling revisions and the Bedrock acquisition. Liquidity remained strong with $199.4 million of cash, total liquidity of $984.4 million and a net leverage ratio of 0.92x, even as 2025 Adjusted Free Cash Flow attributable to BKV was modest at $1.3 million due to $318.5 million of capital spending and growth investments in power and CCUS.
BKV Corporation reported the final 2025 performance-based bonuses and updated total compensation for its named executive officers. CEO Christopher P. Kalnin earned a non-equity incentive bonus of $1,676,401, bringing his 2025 total compensation to $5,903,801. President – Upstream Eric S. Jacobsen received a bonus of $816,354 and total compensation of $4,306,883, while Chief Commercial Officer Dilanka Seimon earned a prorated bonus of $497,537 and total compensation of $3,445,756.
The bonuses were based on target percentages of base salary—125% for the CEO and 95% for the other two executives—split 50% on company key performance indicators and 50% on individual goals. The KPI scorecard emphasized shareholder value metrics, sustainability, and operational and strategic indicators, including adjusted EBITDAX, adjusted free cash flow, unit cash costs, production, capital efficiency, CCUS and carbon-neutral gas progress, and major systems and organizational buildout.
BKV Corporation has completed its acquisition of an additional interest in the BKV-BPP Power joint venture, increasing its ownership to 75% and leaving Banpu Power US Corporation with 25%. The joint venture owns two combined-cycle gas and steam turbine power plants in Temple, Texas, and will now be consolidated into BKV’s financial results.
BKV paid an aggregate purchase price based on a $376.0 million valuation formula, including $115.1 million in cash and 5,315,390 shares of BKV common stock, with the stock issued at a reference price of $21.6609 per share and locked up for 180 days. A new registration rights agreement grants Banpu Power US Form S-3 demand and piggyback rights for these shares. An amended and restated LLC agreement gives BKV board control, operational authority, and unilateral power over certain new power investments, while preserving specified consent rights for Banpu Power US on major reserved matters.
BKV Corporation reports a key step toward closing its previously announced power investment. On October 29, 2025, BKV agreed to acquire one-half of the limited liability company interests in BKV-BPP Power, LLC from Banpu Power US Corporation, a subsidiary of Banpu Power Public Company Limited.
On January 29, 2026, Banpu Power held an extraordinary general meeting where at least 75% of disinterested shareholders attending approved the transaction in accordance with Thai law. This update is furnished under Regulation FD to inform the market that the shareholder approval condition at Banpu Power has been satisfied.
BKV Corporation obtained written consent from its majority stockholder, Banpu North America Corporation, to amend and restate its 2024 Equity and Incentive Compensation Plan. The amended plan increases the number of shares of common stock available for grants by 2,500,000 shares and continues to cover stock options, stock appreciation rights, restricted stock, RSUs, cash incentives, and performance-based awards for directors, officers and employees. As of January 20, 2026, 96,972,345 shares of common stock were issued and outstanding, and the consenting stockholder held 63,877,614 shares, or about 66% of the voting power. The amendment becomes effective no earlier than 20 days after an Information Statement on Schedule 14C is first sent or given to stockholders of record as of January 20, 2026.
BKV Corporation disclosed that its board has authorized a two-year share repurchase program allowing the company to buy back up to $100 million of its common stock. Repurchases may be made through open market purchases, block trades, Rule 10b5-1 plans or privately negotiated transactions, subject to applicable securities law requirements.
Management will determine the timing and total amount of any repurchases based on factors such as market conditions, stock price, liquidity needs, regulatory requirements and other considerations. The program does not require BKV to repurchase a specific number of shares and can be suspended, modified or discontinued at any time by the board. Buybacks are expected to be funded with available cash or borrowings under the company’s existing reserve-based lending agreement.
BKV Corporation announced that it has closed an underwritten public offering of 6,900,000 shares of its common stock. The company disclosed this event through a current report and attached a press release as an exhibit describing the equity offering. The disclosure is furnished under a regulation disclosure item, meaning it is being shared for informational purposes rather than as part of the company’s financial statements.
BKV Corporation completed a public offering of 6,900,000 shares of its common stock, including full exercise of the underwriters’ option, at a price to the public of $26.00 per share. After underwriting discounts, commissions and related expenses, the company received net proceeds of about $170.3 million. BKV plans to use these funds, together with cash on hand, to pay the cash portion of the purchase price for its previously announced acquisition of a controlling interest in BKV-BPP Power, LLC and related expenses. If that transaction does not close, the company expects to use the proceeds for general corporate purposes.
BKV Corporation reported that it has launched an underwritten public offering of 6,000,000 shares of its common stock. The company later announced that the offering was priced at a public offering price of $26.00 per share.
BKV has also granted the underwriters a 30‑day option to purchase up to an additional 900,000 shares of common stock at the same public offering price, less underwriting discounts and commissions. These details were disclosed via two press releases that are included as exhibits to this report.
BKV Corporation announced that it has posted unaudited consolidating financial information for its wholly owned subsidiary, BKV Upstream Midstream, LLC, on its website. The information is available under the Investors section by selecting Financial Info and then Consolidating Statements. BKV also stated that it plans to use its website to provide updated consolidating financial information in future quarters and may not separately furnish similar reports each time. The materials, including any investor presentation and consolidating statements, are being furnished rather than filed and therefore are not subject to certain liabilities under federal securities laws unless expressly incorporated into another filing.
BKV Corporation filed a Form 8-K to provide updated unaudited pro forma condensed combined statement of operations for the nine months ended September 30, 2025, reflecting its acquisition of Bedrock Production, LLC. The update relates to the previously completed Bedrock Acquisition, which closed on September 29, 2025, and will allow the new pro forma information to be incorporated into BKV’s registration statements. A separate pro forma balance sheet is not included because the company’s condensed consolidated balance sheet as of September 30, 2025 already includes the completed acquisition. The updated pro forma financial information is furnished as Exhibit 99.1.
BKV Corporation filed an 8-K announcing it furnished its third-quarter 2025 earnings release and posted an investor presentation. The earnings release was attached as Exhibit 99.1 and designated as “furnished,” not “filed,” under the Exchange Act. The investor presentation was made available on the company’s website under Investors > News & Events > Presentations and is also furnished. Both items provide updates without being incorporated by reference unless expressly stated.
BKV Corporation agreed to acquire one-half of Banpu Power US’s interest in their BKV‑BPP Power joint venture, which will leave the venture owned 75% by BKV and 25% by BPPUS. The purchase price is set by a formula of $376.0 million less 25% of the joint venture’s net indebtedness at closing, paid 50% in cash and 50% in BKV common stock. As of September 30, 2025, net indebtedness of the joint venture was approximately $581.8 million. The stock portion will be priced using a VWAP of $21.6609. BKV expects the transaction to close in the first quarter of 2026, after required conditions are met, including disinterested shareholder approval at BPP and mailing of a Schedule 14C information statement at least 20 business days before closing.
Post‑closing, BKV will consolidate the joint venture, which owns two combined‑cycle gas and steam turbine power plants in Temple, Texas (ERCOT North). Banpu North America Corporation, BKV’s majority stockholder, has delivered written consent approving the stock issuance. BPPUS has a 180‑day lock‑up on the stock consideration and will receive S‑3 demand and piggyback registration rights. BKV plans to fund the cash portion with cash on hand and borrowings under its reserve‑based lending facility, which was amended on October 27, 2025.
BKV Corporation announced a series of credit and acquisition-related transactions tied to its pending Bedrock acquisition that materially affect its borrowing capacity, reserves and pro forma operating profile. The amendments increase lender commitments to $800.0 million and raise the borrowing base to $1.0 billion, add Bedrock Production, LLC and subsidiaries as guarantors and collateral grantors, and temporarily waive an automatic borrowing-base reduction tied to the incurrence of up to $600.0 million of specified additional debt. Pro forma for the transactions, BKVs proved reserves rise from 4.5 Tcfe to 5.2 Tcfe and pro forma Adjusted EBITDAX for the trailing twelve months would be $339.6 million. BKV reports a pro forma net leverage ratio of 1.4x and cash/availability under the credit facility of approximately $824 million as of June 30, 2025.
BKV Corporation filed a current report to let investors know it has posted a new investor presentation on its website as of September 12, 2025. The presentation is available on the company’s site by navigating to the Investors section, then News & Events, and selecting Presentations. This type of disclosure is meant to provide the market with consistent access to the same information being shared with investors and analysts.
The company notes that the investor presentation and the related disclosure are being furnished under Regulation FD and are not considered “filed” for purposes of certain liability provisions of the federal securities laws, unless specifically incorporated by reference in another filing. No new financial results or major transactions are described in this report itself; it primarily points readers to the detailed materials hosted on BKV’s website.
BKV Corporation entered a Membership Interest Purchase Agreement on August 7, 2025 to acquire 100% of Bedrock Production, LLC for an aggregate unadjusted purchase price of $370.0 million, with an economic effective date of July 1, 2025. The Purchase Price will be paid in a combination of cash and BKV common stock valued at up to $110.0 million (subject to adjustment); the stock portion is subject to a 60-day lock-up and registration rights. BKV deposited 10% of the unadjusted Purchase Price into escrow on August 8, 2025 to serve as an indemnity holdback.
BKV expects the transaction to close late in the third quarter or early in the fourth quarter of 2025, with remaining payments due by December 31, 2025. The company plans to fund cash consideration with cash on hand and borrowings under its reserve-based lending agreement. The Purchase Agreement is subject to customary closing conditions and termination rights. BKV also furnished its Q2 2025 earnings release and posted an investor presentation on its website on August 12, 2025.