BKV Corp. reports Q2 adjusted EPS 39c, consensus 15c

Reports Q2 revenue $322.04M, consensus $214.54M. “The second quarter marked another period of advancing our differentiated closed loop strategy, while also performing exceptionally well in each of our base businesses,” said Chris Kalnin, CEO of BKV. “Performance in our upstream business was a significant highlight, where we delivered production well ahead of our plan while keeping our total capital spend at the lower end of our guided range. Improvements in drilling efficiencies helped drive costs lower on a per foot basis, while continuous improvement initiatives in our drilling and completions designs have also led to outperformance versus our sanctioned type curves.”