The earnings call presented a balanced outlook with significant achievements such as the successful IPO, growth in the carbon capture business, and positive free cash flow. However, these were offset by challenges like a decline in upstream production and decreased net income due to asset sales and weather impacts in the power business.

Company Guidance

During BKV Corporation's inaugural earnings call for the third quarter of 2024, the company reported several key metrics and strategic initiatives. CEO Chris Kalnin highlighted that BKV outperformed its production forecast with lower capital spending, generating positive free cash flow and strengthening its balance sheet. The company ended the quarter with upstream production of 762.6 million cubic feet equivalent per day, marking a 9.7% decline from the previous year, largely due to asset sales. BKV's carbon capture business sequestered approximately 140,000 tons of CO2, demonstrating progress in its decarbonization efforts. The power joint venture produced 2,400 gigawatt hours, with a 73% capacity factor, despite challenging market conditions. Financially, BKV achieved a net income of $12.9 million and an adjusted free cash flow of $19.6 million for the quarter, improving its net leverage ratio to 0.8x following the IPO proceeds used for debt reduction. Looking forward, BKV plans to strategically allocate capital to its upstream, power, and carbon capture businesses, aiming for a balanced portfolio to drive sustainable growth.

Successful IPO Amid Volatile Market

BKV's IPO in late September was one of only a limited number of IPOs this year, marking a significant achievement against a volatile market backdrop.

Carbon Capture Business Growth

BKV's Barnett Zero facility has sequestered approximately 140,000 tons of CO2 since its commissioning, with plans to expand through partnerships and additional projects.

Positive Free Cash Flow and Deleveraging

BKV generated positive free cash flow with a 14.2% adjusted free cash flow margin for Q3 2024, and used IPO proceeds to reduce debt, achieving a low net leverage ratio of 0.8x.

Power Business Operational Success

The Temple I and II power generation facilities produced 2,400 gigawatt hours of power, with a capacity factor increase to 73%, reflecting growing demand in the ERCOT region.

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BKV Corporation (BKV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BKV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Press Release	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	-0.15 / -	0.449	―		―	―
Nov 12, 2024	2024 (Q3)	-0.24 / -0.27	0.298	-190.60% (-0.57)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BKV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$20.63	$20.70	+0.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does BKV Corporation (BKV) report earnings?

BKV Corporation (BKV) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.

What is BKV Corporation (BKV) earnings time?

BKV Corporation (BKV) earnings time is at Feb 26, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BKV EPS forecast?

BKV EPS forecast for the fiscal quarter 2024 (Q4) is -0.15.

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