BKV Corp. reports Q3 adjusted EPS 50c, consensus 17c

Reports Q3 revenue $277.86M, consensus $224.66M. “We continue to make significant progress advancing our closed loop energy strategy,” said Chris Kalnin, CEO of BKV. “During the quarter, we strengthened our position as a differentiated, lower-carbon energy producer with two major milestones-entry into a purchase agreement to expand our ownership in the Power JV through the acquisition of an additional 25% interest from BPPUS and closing the acquisition of Bedrock Energy Partners’ assets in the Barnett. The Power JV transaction will allow BKV to consolidate the joint venture, increase our share of net power generation capacity of our modern combined-cycle gas turbines to over 1 GW, enhance our strategic flexibility, and accelerate the potential for growth in our power business. The IPP market is fundamental to our long-term strategy, and our vision is for a single, clean platform to operate, build, and acquire power assets, with BKV-BPP Power serving as a consolidated vehicle for these future developments.”