Quarterly ResultAug 6, 2026, 07:08 AM
BKV Q2 Net Income $75.8M, Adjusted EBITDAX $142.0M
AI Summary
BKV Corporation reported strong financial and operational results for the second quarter of 2026, with net income of $75.8 million and Adjusted EBITDAX of $142.0 million. The company met or exceeded operating targets and advanced strategic priorities, including bringing two additional carbon capture projects into operation. BKV also updated its guidance for the third quarter and full year 2026, emphasizing disciplined capital allocation and a strong balance sheet.
Key Highlights
- Net income attributable to BKV was $75.8 million, or $0.67 per diluted share, for Q2 2026.
- Adjusted Net Income attributable to BKV reached $50.7 million, or $0.46 per diluted share.
- Adjusted EBITDAX attributable to BKV was $142.0 million for the second quarter.
- Net cash provided by operating activities totaled $109.7 million.
- Accrued capital expenditures were $72.4 million, including $26.8 million for CCUS and other.
- Average net production was 978.3 MMcfe/d.
- CCUS quarterly sequestration reached approximately 35,900 metric tons of CO2 equivalent.
- Commenced commercial operations at Cotton Cove and Eagle Ford CCUS projects, expected to sequester over 120,000 metric tons of CO₂ annually.
Price Impact
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