BKV Corp(BKV)Stock Analysis
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Rank #260 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BKV Stock Analysis & AI Quality Score
AI stock analysis and institutional research for BKV Corp (BKV), a Energy sector company. 13F Pro's AI-powered ranking engine scores BKV at 71.5/100 on a 32-signal composite quality model, placing it at rank #260 of 2,879 stocks — the top 10% of the AI-ranked universe. BKV scores in the top quartile across revenue growth (97.5), free cash flow (81.7), institutional flow (77.0). Areas of concern include earnings quality (9.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 48.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), BKV Corp reports quarterly revenue of $376.5M, net income of $44.1M, an operating margin of 22.9%. Top institutional holders of BKV by reported 13-F value include DME Capital Management,, GOLDMAN SACHS GROUP, Boston Partners, based on the most recent SEC filings. BKV trades on the NYSE exchange and files with the SEC under CIK 1838406. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BKV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BKV Corp directly from SEC EDGAR. BKV Corp's 13F Pro composite quality score has ranged between 26 and 72 since 2025, currently 71.5 — an improving long-term trajectory across 12 quarterly and live scoring snapshots.
What's Driving BKV's Business? Latest 10-Q Breakdown
AI-extracted from BKV Corp's 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q1 net income of $44.1M driven by higher natural gas production (925 MMcfe/d, +22% YoY) and power generation (1,981 GWh), with Upstream/Midstream revenues of $287.7M and Power revenues of $69.0M.
Biggest Revenue Drivers
Higher production volumes and commodity prices, offset by lower oil production volumes
Increased merchant energy sales from higher power prices, generation, and capacity at Temple Plants
Unrealized gains on open positions of $16.1M and increased HRCOs realized gains of $35.2M
Higher pricing environment and more volumes sold
Largest Expense Items
Increased by higher natural gas and NGL production volumes
Higher fuel consumption from increased power generation at Temple Plants
Included $10.2M of expenses associated with Bedrock Acquisition in September 2025
Company-wide growth initiatives with higher headcount and employee expenses
Margins: Operating margin expanded significantly as income from operations was $86.0M vs. $100.1M loss in prior year. Upstream/Midstream segment operating margin improved due to higher production volumes and commodity prices offsetting increased operating costs. Power segment margin improved from negative to $33.5M positive, driven by derivative gains and higher merchant energy sales.
Watch Items from the Filing
- Two customers accounted for 63% and 25% of Q1 2026 revenue from contracts with customers ($238M and $95M). One customer represented 65% of accounts receivable as of March 31, 2026.
- Temple I Loan Agreements totaling $176M mature November 1, 2026 (current portion shown on balance sheet). Company must refinance or repay these related-party loans within six months.
- BKV-BPP Power Joint Venture Transaction completed January 30, 2026, consolidating power business results and creating $13M in transaction costs, with noncontrolling interest of 25% BPPUS stake affecting earnings attribution.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$376.5M
Net Income
Q1 2026
$44.1M
Free Cash Flow
Q1 2026
$-34.5M
Operating Margin
Q1 2026
22.9%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+47.8% YoYNet Income
+221.2% YoYOperating Income
+240.6% YoYEPS (Diluted)
+199.0% YoYTotal Assets
+40.3% YoYTotal Debt
+195.0% YoYOp. Cash Flow
+104.8% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $893.8M +47.8% | $604.5M -18.2% | $739.3M -55.5% | $1.66B | — |
| Net Income | $173.1M +221.2% | $-142.9M -222.2% | $116.9M -71.5% | $410.1M | — |
| Operating Income | $217.6M +240.6% | $-154.8M -198.2% | $157.6M -48.2% | $304.6M | — |
| EPS (Diluted) | $1.98 +199.0% | $-2.00 -209.9% | $1.82 -72.5% | $6.62 | — |
| Total Assets | $3.13B +40.3% | $2.23B -16.8% | $2.68B | — | — |
| Total Debt | $486.8M +195.0% | $165.0M -71.5% | $579.0M | — | — |
| Operating Cash Flow | $242.7M +104.8% | $118.5M -3.7% | $123.1M -64.8% | $349.2M | — |
AI Insight: BKV Financial Trends
BKV pivoted to profitability in mid-2025 but took on $1B debt in Q1 2026, now carrying $1.45B total leverage.
• Revenue surged 65% from Q4 2025 ($258M) to Q1 2026 ($377M); operating income remained solid at $86M.
• Net income stabilized: $70M (Q4 2025) and $44M (Q1 2026) versus losses of $79M (Q1 2025) and $57M (Q4 2024).
• Total debt jumped 198% from $487M (Q3–Q4 2025) to $1,452M (Q1 2026); leverage now 66% of equity.
⚠ Operating cash flow halved from $76M (Q2 2025) to $69M (Q1 2026) despite 46% revenue growth — efficiency concern.
⚠ Debt-to-equity ratio spiked to 0.66x (Q1 2026) from 0.27x (Q4 2025); debt maturity/covenant metrics require monitoring.
AI Insight: BKV Ratio Trends
BKV swung from severe losses in Q1 2025 to strong profitability, but Q1 2026 shows sharp sequential deterioration across all return metrics.
• Operating margin collapsed from 39.0% in Q4 2025 to 22.9% in Q1 2026, a 16.1pp decline in single quarter.
• ROIC fell from 15.9% in Q4 2025 to 9.4% in Q1 2026, first sub-10% reading since recovery began in Q2 2025.
• Debt-to-equity ratio spiked to 0.66 in Q1 2026 from 0.24 in Q4 2025, highest level in trailing twelve months.
⚠ Q1 2026 profitability metrics (OpMargin 22.9%, NPM 11.7%) remain well below Q2–Q3 2025 peaks; confirm if seasonal or structural.
⚠ D/E doubled to 0.66 in latest quarter; monitor leverage trajectory and liquidity given energy price cyclicality.
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Available Research
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Top Institutional Holders of BKV
DME Capital Management, LP
$76.9M2,695,543 shGOLDMAN SACHS GROUP INC
$63.4M2,223,096 shBoston Partners
$62.9M2,207,185 shBlackRock, Inc.
$59.3M2,080,768 shYaupon Capital Management LP
$58.2M2,040,355 shZimmer Partners, LP
$55.5M1,946,314 shMerewether Investment Management, LP
$47.0M1,646,773 shVANGUARD CAPITAL MANAGEMENT LLC
$41.9M1,468,567 shUBS Group AG
$40.6M1,423,526 shSTATE STREET CORP
$39.2M1,374,634 sh
| Fund | Value | Shares |
|---|---|---|
| DME Capital Management, LP | $76.9M | 2,695,543 |
| GOLDMAN SACHS GROUP INC | $63.4M | 2,223,096 |
| Boston Partners | $62.9M | 2,207,185 |
| BlackRock, Inc. | $59.3M | 2,080,768 |
| Yaupon Capital Management LP | $58.2M | 2,040,355 |
| Zimmer Partners, LP | $55.5M | 1,946,314 |
| Merewether Investment Management, LP | $47.0M | 1,646,773 |
| VANGUARD CAPITAL MANAGEMENT LLC | $41.9M | 1,468,567 |
| UBS Group AG | $40.6M | 1,423,526 |
| STATE STREET CORP | $39.2M | 1,374,634 |
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Is BKV a good stock to buy?
13F Pro's AI-powered analysis of BKV Corp (BKV) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BKV are available on the BKV stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BKV?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BKV. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BKV Corp's investment landscape.