BKV Corporation Reports Third Quarter 2024 Financial and Operational Results
BKV Corporation (BKV)
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--BKV Corporation (NYSE: BKV) (“BKV” or the “Company”), today reported financial and operational results for the third quarter of 2024, its first earnings report as a publicly traded company.Third Quarter 2024 HighlightsCompleted initial public offering of 15,000,000 shares of common stock on September 27, 2024Net income of $12.9 million, or $0.18 per diluted shareAdjusted EBITDAX of $51.0 million (excluding Power JV)Net cash provided by operating activities of $65.0 million, Adjusted Free Cash Flow of $19.6 million, and Adjusted Free Cash Flow Margin of 14.2%De-levered balance sheet, achieving net debt of $158.7 million and net leverage ratio of 0.8xTotal net production of 762.6 MMcfe per day“It is incredibly exciting for me to release our first earnings report as a public company,” said Chris Kalnin, Chief Executive Officer of BKV. “I would like to thank our investors and the entire BKV team whose hard work and dedication to our Company made this dream a r
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BKV
News
- BKV Corporation (NYSE: BKV) had its price target raised by analysts at Mizuho from $29.00 to $33.00. They now have an "outperform" rating on the stock.MarketBeat
- BKV Corporation (NYSE: BKV) had its price target raised by analysts at Truist Financial Co. from $24.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- BKV Corporation (NYSE: BKV) had its price target raised by analysts at Susquehanna from $24.00 to $25.00. They now have a "positive" rating on the stock.MarketBeat
- BKV Corporation Announces Third Quarter 2024 Earnings Call DetailsBusiness Wire
- BKV Corporation (NYSE: BKV) is now covered by analysts at Truist Financial Co.. They set a "buy" rating and a $24.00 price target on the stock.MarketBeat
BKV
Earnings
- 11/12/24 - Beat
BKV
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- BKV's page on the SEC website