BKV Corporation (BKV) Stock

BKV Corporation (BKV) is a Energy stock trading at $26.09 (as of 2026-08-20), with a market capitalization of $2.86B and a trailing P/E of 11.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.

Understand BKV Corporation: how it makes money

BKV Corporation acquires, operates, and develops natural gas and NGL properties, and it also gathers, processes, and transports natural gas, generating income from upstream production and related midstream activities.

The profit engine is net upstream gas and NGL production, because operating performance and capacity (such as production rates and reliability) determine how much gas BKV can gather, process, and transport to monetize.

Business quality (Strong): BKV is a focused natural gas and NGL operator with additional gathering, processing, and transportation activities, and the latest quarter shows a 22.8% operating margin alongside strong production and reliability metrics.

Valuation: At 8× earnings, BKV trades 56% below the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Production and reliability support cash-generating capacity: The latest quarter includes a high Upstream Production Rate (Million Cubic Feet Equivalent per Day) of 940.0 and a Barnett Zero Operational Reliability Rate of 99.0 percent, which indicates the company can sustain operations in the periods measured.
  • Vertical involvement can capture value beyond just drilling: BKV is not only acquiring, operating, and developing natural gas and NGL properties, it also gathers, processes, and transports natural gas, which can support revenue streams tied to the full flow of produced volumes.

Bear case

  • Operating results may be sensitive to commodity and power related pricing and input costs: The quarter includes tracked operating inputs such as Average Power Price per Megawatt Hour, Average Natural Gas Costs per MMBtu, Average Spark Spread per Megawatt Hour, and Unhedged Realized Price for Gas per MCF, any of which can shift period to period.
  • Reliance on specific asset performance and capacity factors: The provided operating metrics include Barnett Zero Operational Reliability Rate and Temple I and Temple II Capacity Factor, suggesting performance can vary by asset and directly affect monetization of production.
Valuation — source: SEC EDGAR (first-party)
Price$26.09
Market Cap$2.86B
P/E Ratio11.5
EV / EBITDA5.6
Price / Book1.20
Price / Sales2.24
FCF Yield-4.1%
DCF Value (model)$29.80
DCF Upside vs Price14.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.14B
Net Margin15.7%
Return on Equity13.0%
Debt / Equity0.55
Current Ratio0.91
Revenue Growth (YoY)88.7%
EPS Growth (YoY)-202.5%
FCF Growth (YoY)-287.8%
Financial Health — source: SEC EDGAR
Altman Z-Score1.49 (distress)
Valuation vs Sector & Industry
Stock P/E11.5
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector-31.3%
vs Industry-30.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderMountain Capital Management, LLC ($142.10M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOChristopher Pungya Kalnin
Employees366
CountryUS
IPO Date2024-09-26

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

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BKV earnings history · BKV institutional & insider holders · BKV KPIs & operating metrics · BKV financials · BKV investor presentations & press releases · BKV SEC filings · BKV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.