The financials
BKV Corporation by the numbers
BKV Corporation (BKV) reported revenue of $322M in Q2 2026 (quarter ended Jun 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 Q2 2026 was Natural Gas NGL And Oil at $222M, 65% of the disclosed total, well ahead of Power at 22%.
| 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 | $222M | 65% |
| Power | $74M | 22% |
| Marketing | $26M | 7.7% |
| Natural Gas Reserves | $16M | 4.7% |
| Section45 Q Tax Credits | $3.0M | 0.9% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $338.3M (-18%)
Marketing grew +275% year on yearOther -2400% year on year
Segment Latestquarter on quarteryear on year
- Natural Gas NGL And Oil$221.9M$221.9MQoQ -23%year on year +11%-23%+11%
- Power$74.4M$74.4MQoQ +7.8%year on year +20%+7.8%+20%
- Marketing$26.2M$26.2MQoQ +49%year on year +275%+49%+275%
- Natural Gas Reserves$16.0M$16.0MQoQ -48%year on year +6.4%-48%+6.4%
- Section45 Q Tax Credits$3.0M$3.0MQoQ -0.39%year on year +18%-0.39%+18%
- 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 ---
- Solar$0.00$0.00QoQ -year on year ---
- Other−$3.2M−$3.2MQoQ -2539%year on year -2400%-2539%-2400%