The financials
BKV Corporation by the numbers
BKV Corporation (BKV) reported revenue of $322M in Q2 2026 (quarter ended June 30, 2026), up 20% from the same quarter a year earlier. That came with net income of $76M (24% of revenue). For the full year FY2025, revenue was $1.14B (+42% year on year) and net income $179M. Its largest product in 2026-Q1 was Natural Gas NGL And Oil at $288M, 70% of the disclosed total, just ahead of Power at 17%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $322M | $269M | +20% |
| Operating income | $122M | $161M | −25% |
| Net income | $76M | $108M | −30% |
| Diluted EPS | $0.67 | $1.27 | −47% |
| Product | Revenue | Share |
|---|---|---|
| Natural Gas NGL And Oil | $288M | 70% |
| Power | $69M | 17% |
| Natural Gas Reserves | $31M | 7.5% |
| Marketing | $18M | 4.3% |
| Section45 Q Tax Credits | $3.1M | 0.7% |
| Natural Gas Midstream | $2.3M | 0.6% |
| Other | $132K | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $410.6M (+92%)
Marketing grew +82% year on yearNatural Gas Midstream -17% year on year
Segment Latestquarter on quarteryear on year
- Natural Gas NGL And Oil$287.7M$287.7MQoQ +49%year on year +33%+49%+33%
- Power$69.0M$69.0MQoQ -year on year +57%-+57%
- Natural Gas Reserves$30.9M$30.9MQoQ +180%year on year +26%+180%+26%
- Marketing$17.6M$17.6MQoQ +966%year on year +82%+966%+82%
- Section45 Q Tax Credits$3.1M$3.1MQoQ -18%year on year -7.5%-18%-7.5%
- Natural Gas Midstream$2.3M$2.3MQoQ -11%year on year -17%-11%-17%
- Other$132.0K$132.0KQoQ -94%year on year --94%-
- BKVBPP Power LLC$0.00$0.00QoQ -year on year ---
- Energy Retail Sales$0.00$0.00QoQ -year on year ---
- Merchant Energy Sales And Other$0.00$0.00QoQ -year on year ---
- Natural Gas Liquids Reserves$0.00$0.00QoQ -year on year ---
- Oil Reserves$0.00$0.00QoQ -year on year ---
- Physical Power Purchased$0.00$0.00QoQ -year on year ---
- Related Party And Other--QoQ -year on year ---
- Related Party--QoQ -year on year ---
- Solar--QoQ -year on year ---