BKV CorpBKVEarnings & Financial Report
BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.
Revenue
$207.1M
Gross Profit
N/A
Operating Profit
$128.4M
Net Profit
$104.6M
Gross Margin
N/A
Operating Margin
62.0%
Net Margin
50.5%
YoY Growth
N/A
EPS
$1.23
BKV Corp Q2 FY2025 Financial Summary
BKV Corp reported revenue of $207.1M for Q2 FY2025, with a net profit of $104.6M (50.5% margin).
Key Financial Metrics
| Total Revenue | $207.1M |
|---|---|
| Net Profit | $104.6M |
| Gross Margin | N/A |
| Operating Margin | 62.0% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
BKV Corp Q2 FY2025 revenue of $207.1M breaks down across 6 segments, led by BKVBPP Power LLC at $136.7M (66.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| BKVBPP Power LLC | $136.7M | 66.0% |
| Natural Gas Liquids Reserves | $41.6M | 20.1% |
| Natural Gas Reserves | $15.0M | 7.3% |
| Other | $9.1M | 4.4% |
| Related Party And Other | $3.3M | 1.6% |
| Marketing | $1.4M | 0.7% |
BKV Corp Revenue by Segment — Quarterly Trend
BKV Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as BKVBPP Power LLC and Natural Gas Liquids Reserves) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| BKVBPP Power LLC | — | $178.9M | $136.7M | — |
| Natural Gas Liquids Reserves | — | — | $41.6M | — |
| Natural Gas Reserves | — | $11.1M | $15.0M | — |
| Other | — | — | $9.1M | — |
| Related Party And Other | $4.7M | $3.1M | $3.3M | $2.3M |
BKV Corp Annual Revenue by Year
BKV Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $893.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $893.8M |
BKV Corp Quarterly Revenue & Net Profit History
BKV Corp results over the last 5 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $255.9M | — | $70.4M | 27.5% |
| Q3 FY2025 | $199.8M | +49.6% | $76.8M | 38.5% |
| Q2 FY2025 | $207.1M | — | $104.6M | 50.5% |
| Q1 FY2025 | $231.0M | — | $-78.7M | -34.1% |
| Q3 FY2024 | $133.5M | — | $12.9M | 9.6% |
Income Statement
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Revenue | $133.5M | $231.0M | $207.1M | $199.8M | $255.9M |
| YoY Growth | N/A | N/A | N/A | 49.6% | N/A |
Balance Sheet
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Assets | $2.27B | $2.25B | $2.30B | $2.89B | $3.13B |
| Liabilities | $668.3M | $769.2M | $716.4M | $1.09B | $1.07B |
| Equity | $1.60B | $1.48B | $1.59B | $1.79B | $2.04B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Operating CF | $22.6M | $76.2M | $74.5M | $69.4M |