2025 Power Segment OutlookInvestors were disappointed by BKV's 2025 outlook for the power segment EBITDA, which is at odds with the positive outlook for power demand and pricing in the state.
Cash Flow ConcernsNear-term cash flow multiples are not attractive, as the company is likely to outspend cash until 2028.
CCS Business RisksThe CCS business is subject to execution, pricing, financing, and regulatory risks, which could pose challenges.